Commercial banking

The nonfarm payrolls report shows the economy is "hanging in there," though it is slowing, said Jeff MacDonald of Fiduciary Trust International.

Observers say a bankruptcy by Genera PR could complicate the PREPA bankruptcy.

Cities and states have until Aug. 1 to apply for the funds.

Ted Callahan is director of partnerships and strategy, QuickBooks Partners Segment, at Intuit, where he focuses on further deepening Intuit's partnership and relationship with the accountant community.

The U.S. economy added 139,000 jobs, a healthy clip that counters the president's calls for a rate cut to bolster the labor market.

The upshot of the report by Payden & Rygel's Travis McGahey is that the risk of severe credit deterioration and bond defaults remains low.

Daily report for June 6, 2025

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Notre Dame College in Ohio faces legal action on at least three fronts after defaulting on bond debt and a swap agreement and allegedly misusing donor funds.

This week the market has performed "exceedingly well" with the tailwind of June 1 reinvestment capital, said J.P. Morgan strategists led by Peter DeGroot.

"Nobody knows what scoring means," Trump said as the dispute over how the "One Big Beautiful Bill" plays out.

The utility expects the bonds to have an all-in true interest cost of 4.91%.

The hard-fought increase to the cap on state and local tax deductions that was instrumental to passing the House GOP tax bill is under fire in the Senate.

Ahead of a 14-3 vote to pass the $7 billion spending plan, concerns were raised about new legislation affecting the city's public safety pension funds.

The North Carolina Office of State Budget and Management says the state will have widening deficits starting in fiscal 2026 unless changes are made.