Joe Biden's election as president has raised the specter of a federal public works program designed to boost climate resilience. Nonprofit think tank Center for an Urban Future wants New York City to get a running start. A report by the center lists recommendations for project ideas by leaders in coastal resilience

Asset and capital allocations often exacerbate systemic racism across the financial services in some surprising ways. Innovators in the fields of asset management, banking, impact investing and pensions suggest there are also many ways to disrupt the cycle. Shifting the flow of capital could help reduce or eliminate institutional barriers

A 2018 view of the Flatiron

The Municipal Securities Rulemaking Board wants stakeholder input on where its goals should focus in the next few years. In a request for comment filed Monday, the MSRB asked municipal market participants to comment on what the board should be focused on in the next three to five years. The last

Louisiana State Treasurer John Schroder has been released from the hospital after being treated for symptoms related to COVID-19. Schroder, who went home late Friday, said in a statement that he's feeling much better. He called healthcare workers "the true heroes of this pandemic."

Los Angeles’ city administrative officer has recommended layoffs to close an estimated $675 million budget deficit, including cutting nearly 1,000 police officer positions, a move that would bring the number of cops on the street to the lowest in two decades. If the City Council approves the move, it would be

With vaccines on the horizon, signalling an end to the COVID-19 pandemic is closer, the economists at BNP project a healthy rebound in economic activity globally in the second half of next year, with rising inflation expectations, but rates remaining at the zero lower bound for at least the next

Municipal bonds were steady Monday as strong technicals and the dearth of new-issue supply relative to redemptions continued to flatten the yield curve and keep muni/U.S. Treasury ratios low. Treasuries pared back Friday's losses to see the 10-year hover around 0.93% Monday but the divergence of municipal rates from UST

Surveys of manufacturing and services both showed slowing growth, and despite a gain in construction spending in October, it followed a revision to a decline from an initially reported rise in September. The Institute for Supply Management's manufacturing sector index slipped to 57.5% in November from 59.3% in October.

Ike Papadopoulos joins Hilltop Securities as