US Vice President Kamala Harris speaks on the South Lawn of the White House in Washington, DC, US, on Monday, July 22, 2024. Ting Shen | Bloomberg | Getty Images As she is poised to be the Democratic nominee for president, it remains to be seen how much Vice President Kamala Harris’ policies will mirror
Month: July 2024
Municipals were mixed Thursday, while U.S. Treasuries were firmer five years and out and equities ended mixed after data showed the economy grew at a hotter-than-expected pace in the second quarter. “News that U.S. economic growth accelerated faster than expected in the second quarter has sent market participants on a roller-coaster ride,” said José Torres,
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Municipals were a basis point or two weaker out long Wednesday as U.S. Treasuries were mixed and equities sold off. The muni market is “well positioned” to start the third quarter, said Daniel J. Close, head of municipals at Nuveen. Supply “increased meaningfully” in the second as issuers came to market with long-delayed deals “due
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In this article NEE Follow your favorite stocksCREATE FREE ACCOUNT Pavlo Gonchar | SOPA Images | Lightrocket | Getty Images NextEra Energy is considering restarting a nuclear plant in Iowa as demand for carbon-free energy grows amid a historic surge in electricity consumption. The Duane Arnold Energy Center in Palo, Iowa ceased operations in 2020
An aerial view shows a subdivision that has replaced the once rural landscape on July 19, 2023 in Hawthorn Woods, Illinois. Scott Olson | Getty Images Mortgage interest rates eased very slightly last week, but not enough to get today’s potential homebuyers off the fence. The average contract interest rate for 30-year fixed-rate mortgages with
The Louisiana State Bond Commission approved three bond issues totaling more than $3 billion on Wednesday. The commission approved a $1.33 billion to $2 billion bond to be backed by tolls on the I-10 Calcasieu River Bridge, a state general obligation bond of up to $1 billion, and gave preliminary approval to a state gas
First Eagle Investments hired Purva Patel as managing director and senior investment specialist on its high-yield municipal credit team. Patel started July 18 and is based in Chicago. Patel joins First Eagle from Nuveen Investments, where she was senior vice president for over two decades and managing director since 2019. Patel’s hire boosts First Eagle’s
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In this article BAC BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3rd, 2024. David A. Grogan Berkshire Hathaway trimmed its gigantic Bank of America holding for the first time in four and a half
Nurphoto | Nurphoto | Getty Images Spot ether exchange traded funds are set to begin trading on Tuesday. Crypto enthusiasts are hopeful it will broaden the investor base for Ethereum, a blockchain technology many argue has a far wider use case than bitcoin. These ETFs will invest directly in ether, which is the cryptocurrency used in
A dog looks out the window from a Tesla electric vehicle charging at a Tesla Supercharger location in Santa Monica, California, on May 15, 2024. Patrick T. Fallon | AFP | Getty Images Check out the companies making headlines in extended trading: Alphabet — The tech giant slipped 1% despite a beat on both top
Two renters pose in front of their new home that they’re renting from Roots, a program that helps renters invest in real estate. Courtesy: Katie Curran When Will Hunnicutt was searching for an apartment in Atlanta earlier this year, pricey leases and application rejections left him feeling defeated. “The three-and-a-half times income-to-rent ratio is kind
Are you playing the hot trades? All eyes will be on these 5 companies this week. Match Group: https://www.zacks.com/stock/quote/MTCH?cid=CS-YOUTUBE-FT-VID Planet Fitness: https://www.zacks.com/stock/quote/PLNT?cid=CS-YOUTUBE-FT-VID Applied Optoelectronics: https://www.zacks.com/stock/quote/AAOI?cid=CS-YOUTUBE-FT-VID Canada Goose: https://www.zacks.com/stock/quote/GOOS?cid=CS-YOUTUBE-FT-VID Disney: https://www.zacks.com/stock/quote/DIS?cid=CS-YOUTUBE-FT-VID
Municipals were little changed in secondary trading Tuesday as the busy primary market took focus, led by two billion-dollar-plus deals from the Texas Transportation Commission and South Carolina Public Service Authority. U.S. Treasuries were firmer and equities were up toward the close. The two-year muni-to-Treasury ratio Tuesday was at 63%, the three-year at 65%, the
Oregon Gov. Tina Kotek has invoked the Emergency Conflagration Act at least six times in the past several days in response to rampant wildfires that have hit the state. The state experienced thousands of lightning storms resulting in 100 new fires last week, Kotek said during a press briefing on Friday. Three of the blazes
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Representation of Ethereum, with its native cryptocurrency ether. Dado Ruvic | Reuters The Securities and Exchange Commission appears to have given the green light for exchange traded funds that hold ether, the world’s second-largest cryptocurrency. Trading is expected to begin as soon as Tuesday. Several fund issuers submitted additional registration statements on Monday afternoon, and
KALAMAZOO, MICHIGAN – JULY 17: US Vice President Kamala Harris speaks at a moderated conversation with former Trump administration national security official Olivia Troye and former Republican voter Amanda Stratton on July 17, 2024 in Kalamazoo, Michigan. Harris’ visit, following the attempted assassination of former President Trump, makes this her fourth trip to Michigan this
On the heels of President Joe Biden’s departure from the presidential race, munis were mixed Monday. U.S. Treasuries gave back some early gains, ending the day slightly weaker, while equities ended up. The two-year muni-to-Treasury ratio Monday was at 63%, the three-year at 65%, the five-year at 66%, the 10-year at 65% and the 30-year
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The Dormitory Authority of the State of New York sold $1.2 billion of revenue bonds last week to good demand, with spreads coming in tighter compared to a DASNY negotiated deal that priced last year. “Overall the bond sale was a success,” said DASNY spokesperson Jeffrey Gordon. “[Last week’s sale] benefited from a calm market
In this article NVDA MDB COST Follow your favorite stocksCREATE FREE ACCOUNT Dilara Irem Sancar | Anadolu | Getty Images The stock market is in a rough patch as of late while investors grapple with macro pressures, upcoming elections and geopolitical tensions. However, investors and their portfolios can hold up in the tumult – if
America is embroiled in a housing crisis. The supply of homes is tight. The supply of affordable homes is even tighter, and persistently high mortgage rates make things even worse. But the extent of the problem varies from state to state. That is why companies take the local residential real estate market into account when
Lack of capacity at state transportation departments share some of the blame for infamously high infrastructure costs in the U.S. compared to other countries. On the other hand, procurement practices that increase competition among contractors help bring down costs, said Will Nober, an economics doctoral student at Columbia University, Zachary Liscow, a professor at Yale
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The Board of Directors of the Municipal Securities Rulemaking Board will try to iron out some thorny issues when they meet on July 24-25, for their final quarterly gathering this fiscal year. Establishing priorities for the next fiscal year and approving the FY 2025 budget to advance its strategic plan are among the agenda items.
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In this article EA Follow your favorite stocksCREATE FREE ACCOUNT EA Sports College Football 25. Courtesy: EA Sports The 2024 football season officially starts this weekend for many fans, as Electronic Arts rolls out a long-awaited revamp of its college football game. Some fans of the old game who have spent less time with their