American Century Investments will be the new name of the mutual fund
The firm has $2.4 billion of tax-free assets under management out of a
But even as the company is changing its name, most of the funds will
In a reorganization to take effect with the company name-change Jan. 1,
The combined firm's eight aggressive-growth stock funds with $32.5
A newly created third group of 12 conservative equity, asset
Investors will see more than $7.8 billion of supply to start off September, following a record issuance month in August. The calendar is led by the North Texas Tollway Authority's $1.126 billion of system revenue refunding bonds while high-grade Massachusetts leads the competitive slate with $850 million of exempt and taxable general obligation bonds.
The bank was one of 225 credits Moody's placed on review for possible upgrade July 25 when it released a revised rating methodology.
LINXS, the private developer consortium, and Los Angeles World Airports struck an agreement on a timeline for completion of the people mover project, pushing Fitch Ratings' outlook higher.
August's volume reached $49.174 billion in 873 issues, up 25% from 2023. August's total is above the 10-year average of $40.828 billion and is also the highest monthly total this year.
The Federal Reserve's preferred measure of inflation held steady at 2.6% for the third month in a row, a positive reading that increases the odds of a September rate cut.
A bill would allow the California Infrastructure and Economic Development Bank to issue debt for California's FAIR Plan, its property insurer of last resort.
