Month: October 2022

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Chief Economist Dr. Lindsey Piegza will look at the current state of the economy amid the ongoing pandemic and what it means going forward for overall growth, interest rates and monetary policy. She will cover macro-economic trends in consumer spending and investment, in addition to new monetary and fiscal policy initiatives and the potential economic
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The White House has accused Opec+ of aligning with Russia after Saudi Arabia led the group in agreeing deep oil production cuts, prompting a backlash from countries already battling surging energy inflation triggered by Moscow’s invasion of Ukraine. The Opec+ group said it would reduce production targets by 2mn barrels a day, equivalent to 2
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The fate of a planned 16-million-square-foot Georgia factory for electric vehicle manufacturer Rivian is in question after a judge denied validation of $15 billion in PILOT bonds planned to back its construction. The Georgia Economic Development Commission, along with the Joint Development Authority for Jasper, Morgan, Newton, and Walton counties and Rivian, negotiated an agreement
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Terry Bradshaw, a Hall of Fame football legend and NFL sports analyst, is selling his massive rural estate in the Red River Valley of Southern Oklahoma for $22.5 million, according to Icon Global real estate agency. The equestrian and cattle ranch includes a six-bedroom, 8,600-square-foot home, 2,600-square-foot manager’s home, four-bedroom bunk house and multiple barns,
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Municipal yields fell Tuesday by as much as 10 basis points out long while U.S. Treasuries were little changed and equities rallied. Triple-A yields fell four to 10 basis points across the curve amid robust secondary trading with high-grade names showing clear moves to lower yields. New York City priced $1.35 billion of exempt and
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Liz Truss will on Wednesday attempt to rally Conservative MPs behind her faltering leadership, at a party conference that has descended into acrimony, cabinet infighting and confusion. Truss, who has been prime minister for less than a month, will urge her party in a brief 30-minute speech to unite behind her tax-cutting economic policy, which
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Municipals made gains Monday, underperforming a stronger U.S. Treasury market, but taking advantage of the positive tone of all markets as equities also rallied to open the fourth quarter. Triple-A benchmarks were bumped one to six basis points, depending on the scale, while U.S. Treasury yields fell 16 to 19 basis points 10 years and
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Hurricane Ian is shaping up to be the costliest Florida hurricane since Andrew in 1992. Wind and storm surge damage in the state are estimated between $28 billion and $47 billion dollars, according to a Sept. 29 estimate from CoreLogic. With that level of destruction, property owners are advised to make any claims to insurance
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Minor inflows for digital asset investment products over the last few weeks suggest a “continued hesitancy” toward crypto among institutional investors amid a slowdown in the United States economy.  In the latest edition of CoinShares’ weekly “Digital Asset Fund Flows” report, CoinShares head of research James Butterfill highlighted stand-offish institutional sentiment toward crypto investment products,