New York City business activity improved at the fastest pace in four months in October, the Institute for Supply Management-New York’s Report on Business current business conditions index indicated.
The current business conditions index climbed to 64.7 from 58.3 in September. Readings above 50.0 indicate expansion.
The report’s six-month outlook index increased to 69.8 from 64.8.
Mohammed Murad, head of credit research for PT Asset Management, said the ceasefire extension "possibly offers less clues as to what a permanent resolution may look like."
The city council amended an ordinance dealing with police interaction with federal immigration enforcement to prevent a $114 million funding loss.
Munivestor aims to help municipal governments by allowing them to raise capital directly from investors of all sizes in concert with advisors and regulated market partners.
The PFA owns nine bond-financed credits, ranging from proton cancer therapy centers to student housing. All but one are in default.
Nebraska Gov. Jim Pillen vowed to pass sweeping property tax reform in 2027 after Nebraska legislators failed to deliver relief this year.
Fitch revised the outlook to negative from stable, citing a significant jump in leverage.
