Danielle Moran

3 weeks ago | news.bloombergtax.com | Danielle Moran

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3 weeks ago | bloomberg.com | Danielle Moran

An oil drilling rig in Midland, Texas. (Bloomberg) -- BlackRock Inc. was removed from Texas’ blacklist of companies that boycott fossil fuels, ending a three-year standoff over the environmental policies of the world’s largest asset manager. The move means pension funds and other state-run investment accounts — which manage more than $300 billion of assets — will be allowed to purchase BlackRock shares, invest in its exchange-traded funds and hire the firm for advice and risk management.

1 month ago | fa-mag.com | Danielle Moran

High-quality taxable municipal bonds are poised to get a boost as the downgrade of the US government by Moody’s Ratings will leave investors looking elsewhere for pristine credits, according to Barclays Plc. The US was stripped of its last top credit rating by Moody’s last week on concern about the country’s declining fiscal outlook. The federal budget deficit is running near $2 trillion a year, or more than 6% of gross domestic product.

1 month ago | bloomberg.com | Danielle Moran

Workers prepare to install piping in Los Angeles, California. (Bloomberg) -- High-quality taxable municipal bonds are poised to get a boost as the downgrade of the US government by Moody’s Ratings will leave investors looking elsewhere for pristine credits, according to Barclays Plc. The US was stripped of its last top credit rating by Moody’s last week on concern about the country’s declining fiscal outlook.

1 month ago | bloomberg.com | Danielle Moran

Harvard Yard on the Harvard University campus in Cambridge, Massachusetts on May 5. (Bloomberg) -- Municipal bonds sold by US colleges and universities underperformed the state and local government benchmark in April, a sign that investors are growing more cautious on the sector. College and university bonds in the Bloomberg Education Municipal Index dropped .95% in April, compared to a 0.81% loss for the broader market, according to data compiled by Bloomberg.