Shruti Singh
Reporter and Editor at Bloomberg News
Bloomberg News Muni Finance Reporter and Editor. Lifelong Foodie. Opinions my own. Re-tweets, endorsements are not. Re-tweets don't imply endorsement.
Articles
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6 days ago |
deccanchronicle.com | Shruti Singh
A new kind of party storm is brewing across the country. And, believe it or not, it’s brewing in a coffee cup! Everybody, especially Gen-Z is making a beeline to get their caffeine fix with a choice of roasted beans, hot beats and dates. Welcome to the sober world of coffee raves at a café near you.
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1 week ago |
bloomberg.com | Shruti Singh
A private university in Chicago with junk-rated debt is expanding overseas as US higher education braces for potential enrollment declines tied to shifting US immigration policy. The Illinois Institute of Technology, which depends on international students for about half of its enrollment, is extending coursework into Asia, the Middle East, Africa and South America — targeting students who may not immediately, or ever, come to the US.
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4 weeks ago |
bloomberg.com | Shruti Singh
Four Chicago pension funds are estimated to have lost nearly $1 billion amid the market rout set off by President Donald Trump ’s tariff policies, a blow to the city’s retirement programs that are among the least funded of all major US cities.
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1 month ago |
bloomberg.com | Aashna Shah |Shruti Singh
A wave of tariff-induced selling pressure hit the municipal bond market on Monday, leading to the worst-performing day in more than three decades. A benchmark index of municipal bonds dropped 2.85% on Monday, the biggest daily decline since at least 1994, according to data compiled by Bloomberg. The historic rout caused several deals to be postponed and wiped out total gains for this year, the data shows.
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1 month ago |
bloomberg.com | Shruti Singh
Chicago’s revenue exceeded estimates by 7.2% in the first two months of this year thanks to taxes on cloud storage and home sales, collections that will help a city that’s struggling with annual deficits. The city collected $365.7 million in revenue during this period, according to a report on its website. That represents a turnaround from January, which showed revenue 4.2% below forecast.
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