Retail sales grew 3.5% in the week ended Jan. 1, and chain store sales increased 0.4%. Retail sales rose 4.6% the previous week, according to the Johnson Redbook index. Chain store sales were up 3.6% from the same period a year ago, according to the ICSC-Goldman Sachs Weekly Chain Store Sales Snapshot.
The rating agency cited New Jersey's "robust budgetary surplus" while continuing to make actuarially based pension contributions.
By the close, muni yields were bumped up to four basis points, depending on the curve, while UST yields rose two to five basis points.
Walter O'Connor's decades-long tenure as a municipal bond portfolio manager at BlackRock will come to an end next year.
A congressional budget impasse is leading toward a stopgap funding measure via a continuing resolution which could solve a budget shortage in the District of Columbia.
The House oversight subcommittee hearing was titled "Virtue Signaling vs. Vital Services."
Ohio politicians are racing to deliver relief as a citizens group gathers signatures for a November 2026 ballot initiative to end property taxes in the state.
