Aashna Shah

Municipal bonds rallied the most in three months on Friday, continuing a recovery that began Thursday after a sharp selloff following the US presidential election.

The Port Authority of New York and New Jersey is proposing a $9.4 billion budget for 2025 along with a broad 25 cent rate hike on bridge and tunnel tolls.

(Bloomberg) -- The municipal-bond market's lagging run is opening up an opportunity for corporate-debt investors eager to secure extra yield.

New York City will see a record influx of travelers this Thanksgiving holiday, with congestion at the region’s airports and vehicle crossings creating longer wait times and heavy traffic.

Municipal bonds jumped on Monday, following gains in the US Treasury market after Scott Bessent was named as President-elect Donald Trump’s nominee for Treasury secretary, with traders betting the hedge fund manager will bring a Wall Street mindset to the role.

All Cadence Patrick had to do was say yes.

Oakland, California, had its credit rating cut two levels by Fitch Ratings, which cited the challenge of plugging budget gaps amid a change in political leadership.

New York City area airports are bracing for record-breaking passenger numbers in 2025 as air travel continues to surge past pre-pandemic levels, fueled by growing demand and a rebound in international travel.

A 13-day holiday travel surge is expected to bring a record-breaking 13.8 million travelers through New York City area airports and vehicular crossings during the year-end travel period.

Municipal bonds are plunging the most in weeks after Federal Reserve Chair Jerome Powell took a more cautious view on interest-rate cuts in 2025, stunning investors and leading to a global bond-market rout.