“District retail sales weakened further on the eve of the holiday sales season, while revenues at services-providing firms grew moderately,” according to the Federal Reserve Bank of Richmond service-sector activity survey released yesterday.Overall, the service sector revenues index fell to negative 2 in November from positive 4 in October, while the number of employees index remained negative 3, the average wage index stayed at 17, and the product demand during the next six months index inched up to 20 from 18.
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Moody's Ratings on Monday revised Illinois' outlook to positive from stable and affirmed the state's A3 issuer rating and the A3 rating on its GO debt.
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"Bifurcated demand reflects the persistent bid strength from [separately managed accounts] and retail investors, not to mention more accounts marshaling cash and liquidity up front while the Fed perspective evolves," said MMA's Matt Fabian.
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In a move that kicks the can down the road at the very least, the Commission has begun a process that often results in outright rejection.
7h ago -
The 2022 law, which has so far banned three major investment banks from underwriting municipal bonds in Oklahoma, could be amended to limit its reach to state agencies.
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The SEC has won a partial victory against Choice Advisors and its principal Matthias O'Meara for their role in acting as unregistered brokers and for engaging in a fee-splitting arrangement.
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The trio have decades of experience in high yield and investment grade portfolios and will launch new high-yield investment strategies and vehicles for Rockefeller.
11h ago