Shruti Singh - Profile and Journalist Details
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Shruti Singh
Verified
Reporter and Editor, Bloomberg News
Chicago
Beats
Finance, Blockchain, DeFi, Crypto
the budget
Content
By Aashna Shah Verified, Shruti Singh Verified| Bloomberg News Verified 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.
By Shruti Singh Verified| Bloomberg News Verified 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.
By Aashna Shah Verified, Shruti Singh Verified| Bloomberg News Verified 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.
Company Info
Bloomberg News
Bloomberg L.P. is a global financial data, software, and media company founded in 1981 by Michael Bloomberg and his partners. Originally named Innovative Market Systems, it rebranded to Bloomberg L.P. in 1986. The company is renowned for the Bloomberg Terminal, a proprietary platform that provides real-time financial data, analytics, and trading tools to over 350,000 subscribers worldwide. Bloomberg operates in three main areas: financial technology, news/media, and data analytics. Its flagship product, the Bloomberg Terminal, offers market data, news, and communication tools for financial professionals. Bloomberg News, with over 120 bureaus globally, covers financial markets, politics, and technology across various platforms, including digital, television, and print. The company also provides specialized data and analytics services, including legal and regulatory information, through its acquisitions. Bloomberg L.P. is privately held, with an estimated revenue of $12.5 billion in 2023, primarily from terminal subscriptions.
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Founded: 1981