Louisiana Gov. Jeff Landry wants to reform the tax system in what he says is an effort to strengthen the state’s economy.Bloomberg News Facing budget deficits of $587 million to more than $800 million starting next fiscal year, Louisiana lawmakers are convening an extraordinary legislative session to consider changes to taxes and the state’s constitution.
A balcony above a trading floor inside the Euronext NV stock exchange in Paris, France, on Monday, March 13, 2023. Nathan Laine | Bloomberg | Getty Images U.S.-listed funds tracking global stocks largely pulled back in Wednesday’s session as investors considered Donald Trump’s victory harmful to international equities. Closely followed exchange-traded funds from iShares tracking
<img src=”https://public.flourish.studio/visualisation/20173584/thumbnail” width=”100%” alt=”chart visualization” /> Municipal bonds sold off Wednesday, following U.S. Treasuries to much higher yields in a risk-on trade after a sweeping victory by former President Donald Trump and a Republican takeover of the Senate. Equities saw massive gains on the day. The red wave that took the presidency and the Senate
President Biden announces new rules to eliminate lead in drinking water in Milwaukee in October. The Midwest has a disproportionate share of the nation’s lead-lined water pipes.U.S. EPA The fight to end lead contamination in drinking water is playing out with high stakes in the Midwest. The region accounts for a disproportionate share of the
Period red-brick home rooftops in a suburb overlooking London’s financial district.  Oversnap | E+ | Getty Images LONDON — Britons are facing the prospect of higher mortgage rates for longer after the government’s tax-and-spend budget threw off expectations for a series of near-term interest rate cuts. The Bank of England is widely expected to cut
<img src=”https://public.flourish.studio/visualisation/20153191/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were steady Tuesday as market participants mostly sat on the sidelines to await the results of the election and Wednesday’s Federal Open Market Committee rates decision, both of which will likely cause volatility in the near term and have repercussions on economic and monetary policy in the longer
Kamala Harris and Donald Trump raced across key battleground states in the final hours of campaigning in a last push for votes, as Americans prepared to head to the polls on Tuesday in one of the closest presidential elections in modern history. The US vice-president said America was ready for a “fresh start” and claimed
While the economy remains “resilient,” signs of slowing growth have emerged, said Judith Raneri, senior vice president and portfolio manager at Gabelli. Members of the Federal Reserve have telegraphed their intentions, analysts said, and will cut the fed funds target rate by 25 basis points this week, bringing the range to 4.50% to 4.75%, but
A power substation near the LC1 CloudHQ data center in Ashburn, Virginia, United States. Nathan Howard | Bloomberg | Getty Images Technology companies’ push to directly power artificial intelligence with nuclear plants hit a major roadblock, after a federal regulator rejected a request to increase power for an Amazon data center. The Federal Energy Regulatory
The Jefferson Hospital for Neuroscience in central Philadelphia is part of the Jefferson Health hospital network.Bloomberg News The healthcare and higher education sectors have struggled for years. But Thomas Jefferson University is forging ahead.  The Philadelphia-based university, which runs the growing Jefferson Health hospital network, priced $1 billion of refunding revenue bonds Wednesday. The system
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Kemi Badenoch has been elected the new Conservative leader, with a vow to reset the party’s thinking and politics after its catastrophic election defeat this summer. The former business secretary won 57 per cent of