The Latest

The cut marks the first major retreat for OppenheimerFunds, one of the biggest mutual-fund owners of Puerto Rico debt and a company that’s playing a major role in its bankruptcy.

North Carolina officials are trying to figure out how to unwind parts or all of a 2014 public-private partnership that is building managed toll lanes on a Charlotte-area highway.

Gradual Federal Reserve rate hikes remain appropriate, and while this may invert the yield curve, Fed Gov. Lael Brainard said she believes there are reasons to “temper somewhat” implications of a negative curve.

Municipals remained weaker on Wednesday as the market saw several new issues sell in the primary, led by deals from North and South Carolina.

The teachers' union and Los Angeles Unified School District are in a spat about financial documents.

Labor market “activity increased modestly and momentum remained high in August.”

The Platte County Industrial Development Authority bonds funded upgrades to a suburban shopping center near Kansas City.

Tom Wynne is leading a new housing financing initiative in the West and Michael Colton is joining the New York team.

The August producer price index data were much softer than expected, with a 0.1% decline for the overall figure rather than the 0.2% rise expected.

The GLWA will sell $400 million of new money and refunding water and sewer revenue bonds next week.