Dan Solender News Today

The number of distressed charter schools rose to a record in the beginning of 2024 as the sector struggles with the end of pandemic assistance and rising costs.

(Bloomberg) -- The number of distressed charter schools rose to a record in the beginning of 2024 as the sector struggles with the end of pandemic assistance and rising costs.Most Read from BloombergBiden’s Attempt to Address Memory Issue Backfires With New GaffeChina’s Property Crisis Is Starting to Ripple Across the World‘Big Round Number’ for S&P 500 Triggers More Gains: Markets WrapA 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on ChinaNew York City Is C...

(Bloomberg) -- Brightline, the first US private passenger railroad built in more than a century, is on a slow track toward building ridership.Most Read from BloombergPutin Sends US Signal on Ukraine Talks, Seeing War AdvantageOne of World’s Richest Doctors Sees Fortune Surge to $12 BillionJPMorgan Shuffles Top Managers as Jamie Dimon Prepares SuccessorsUN Court Tells Israel to Protect Gazans, Avoids Cease-FireFed’s Preferred Core Price Gauge Cools Amid Robust SpendingThe Florida hi...

New York City has $8 billion reserve to help cover the $5 billion price tag.

JPMorgan's move to acquire First Republic and its muni portfolio eases the risk of nearly $20 billion of munis flooding the market.

School districts must sell bonds based on their own ratings or with private insurance because the triple-A-rated Permanent School Fund's capacity is nearly maxed out.

BVAL marketed its bond valuation methods as sophisticated but sometimes based the valuation on a single broker quote, the SEC said.

As issuers push against a financial disclosure bill pending in the Senate, some buy-siders say standardized disclosure would attract more investors and boost liquidity.

Municipal bonds are having their day in the sun, with state- and local-government debt enjoying a three-day rally on Tuesday.

Elected officials in Republican-dominated states say S&P Global Ratings, by introducing ESG analysis, is politicizing the ratings process or even possibly acting illegally.