Bloomberg Business

Brokers Ready Trading in Discounted Bonds of Hawaiian Electric

Some Wall Street bond brokers are soliciting interest in a series of rarely traded notes tied to Hawaiian Electric Industries, as market participants assess potential liabilities for the utility following deadly wildfires in Maui, according to people with knowledge of the situation.

Biden’s Spending Ignited Inflation That Fed Can’t Stop, Doug Burgum Says

North Dakota Governor and long-shot Republican presidential candidate Doug Burgum said the massive stimulus from the $1.2 trillion infrastructure package that President Joe Biden signed will far outstrip the ability of the US Federal Reserve to curb inflation through higher interest rates.

Newsom’s $4.7 Billion Bond Plan Reasonable But Lacks Oversight

Governor Gavin Newsom’s proposal to issue a $4.7 billion bond for veteran housing and behavioral health facilities is broadly reasonable but gives too much power to Newsom in determining how the proceeds are spent, according to a new report from the state’s Legislative Analyst’s Office.

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