Traders Rip Up Bets on Big Fed Cuts as Jobs Data Hits Bonds

Published on October 6, 2024

Traders slashed their bets on the pace of future Federal Reserve interest-rate cuts after September US employment data blew past estimates and signaled a robust hiring trend.

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OpenAI Gets $4 Billion in Credit on Top of $6.6 Billion Fundraise

October 6, 2024
OpenAI has tapped global banks for a $4 billion revolving line of credit on top of its recent $6.6 billion fundraising, building a massive war chest to stay ahead in the costly race to develop more sophisticated artificial intelligence.

Private Equity-Backed Texas Housing Development Taps Muni Market

October 6, 2024
In suburban Texas, a neighborhood complete with an amphitheater, dance hall and goat farm is scheduled to be erected 40 miles from Houston’s downtown — providing municipal-bond investors a window to bet on one of the fastest-growing areas of the US.