“Business activity increased for a second straight month in November,” as the New York Current Business Conditions Index in the National Association of Purchasing Management-New York’s Report on Business increased in November to 60.2 from 54.7 in October, the NAPM-NY reported Friday. This was the second straight month business conditions showed expansion, as measured by a level greater than 50, after three months below. It was the highest reading for the index since April.The report’s six-month outlook index dropped to 60.5 from 65.0, while the NY-BCI increased to 445.0 from 439.9. The NY-BCI is “a cumulative diffusion index constructed from the diffusion index of current business conditions for non-manufacturing businesses in the New York City area. The NY-BCI often precedes local employment trends,” NAPM-NY said. “Moreover, the NY-BCI offers advance information about forthcoming local labor market conditions because the count of local jobs is not available for one or two months.”The prices paid composite index rose to 55.6 this month from 48.2 last month, the first time the index had been below the 50 break-even point since November 2006; the quantity of purchases composite index rose to 58.3 from 57.1; and the supplier delivery time diffusion index slipped to 58.3 from 60.7.
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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.
April 23 -
"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.
April 23 -
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.
April 23 -
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.
April 23 -
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.
April 23 -
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.
April 23