Economy

SIFMA said Friday it had filed suit in Federal court in Washington D.C. asking the court to vacate the SEC’s Temporary Conditional Exemption.

The fund has a target size of $250 million and will target minority- and women-owned business enterprises to maximize social impact.

Without giving a reason, Florida’s bond-funded passenger rail developer severed ties with Virgin and said the train system’s name will revert to Brightline.

They cited recent waves of COVID-19 in rural and farmland areas and the success of mass transit overseas at containing the spread.

Producer prices final demand exceeded expectations by two-times over, while small business optimism shrunk.

Nick Sifuentes, executive director of the Tri-State Transportation Campaign, discusses the unparalleled crisis mass transit systems face nationwide due to the coronavirus. Paul Burton and Andrew Coen host. (19 min)

Minority and women-owned business enterprises will now comprise 33% of city GO bond and Transitional Finance Authority book-runners and 40% for New York Water.

Changes to the MSRB come a year after the proposal of legislation that would decrease the size of the board and increase the cooling off period for public board members.

Small businesses make up 98% of businesses in the city, and its coffers have taken a huge hit during the pandemic.

Failure to aid one could hurt the others, according to the state comptroller's review of the city's financial plan.

With many states facing more coronavirus cases, experts are split on what the report will show.

Dealers are not seeing demand and are therefore not trading inventory this summer, sources say.

As the Metropolitan Transportation Authority lines up two note sales, the rating agency said the authority could tap into the Federal Reserve’s Municipal Liquidity Facility.

The ISM manufacturing index hit a 16-month high, but construction spending unexpectedly fell in June.

Dealing with a pandemic in an economy hard hit by falling oil prices, Ector County Hospital District sees an opportunity to lower debt finance costs.

Friday's batch of economic indicators offered some bright spots and some dark.

A new tax credit, a grand jury report, national election-year politics and regional bickering have revived debate over natural gas drilling.

Bi-state transportation agency seeks $3 billion of federal assistance to avoid capital plan cuts.

San Francisco International Airport will issue $291 million in refunding bonds amid belt-tightening efforts driven by a massive drop in passengers.

No surprises from the Fed, not much for it to do at this point.