Teachers’ and judges’ unions and organizations argued Wednesday with the Puerto Rico Oversight Board about how the bankruptcy court must interpret a local law on pensions, with the outcome likely to determine the viability of the proposed Plan of Adjustment. The teachers and judges, through their attorneys, said Act 53 bars the board, if it
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The euro struck its lowest level in 16 months this week as traders bet that the European Central Bank will stick to its accommodative policies even though widespread inflation is prompting US and UK policymakers to raise interest rates. Traders are dialling up their wagers that the Federal Reserve and Bank of England will lift
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Traders work on the floor of the New York Stock Exchange (NYSE) on October 25, 2021 in New York City. Spencer Platt | Getty Images Retailers are reporting this week. Here’s the good news: The consumer is strong, and retail balance sheets have dramatically improved. “I have been bullish for over a year,” David Berman, portfolio
(Click here to subscribe to the new Delivering Alpha newsletter.) Private equity is one of the few asset classes that’s been able to outperform even public equities during the bull market. And the sector is reaping the benefits of that outperformance with 529 firms in the space raising an aggregate equity volume of $1.4 trillion over a
In this article VSCO BBWI CSCO NVDA SONO Nvidia founder, President and CEO Jen-Hsun Huang Getty Images Check out the companies making headlines after the bell: Nvidia — Shares of the chip stock gained about 3% in extended trading after issuing strong fourth quarter revenue guidance and beating on the top and bottom lines of
Since the Supreme Court ended the Centers for Disease Control and Prevention’s Covid-19 eviction ban on August 26, more Americans in bigger cities have found themselves out of house and home. This is according to numbers found on website Eviction Lab, which tracks eviction filings where they are available on a weekly basis. Considering eight
Bitcoin (BTC) and Ether (ETH) are testing psychologically important support levels at $60,000 and $4,000 respectively. Both these levels are critical to keep the uptrend intact in the short term. While the fall may scare off leveraged traders, Bitcoin whales seem to be viewing this dip as a buying opportunity. On-chain data shows that the
Bitcoin (BTC) bulls were euphoric when the price soared to $69,000 on Nov. 10 because the 14.5% gain accumulated over five days meant they were in for a $715 million profit on Friday’s options expiry. However, the 9% negative price move on Nov. 16 caught bulls by surprise, especially since most of the call (buy)
Real estate agents leave a home for sale during a broker open house in San Francisco, California. Justin Sullivan | Getty Images Rising mortgage interest rates continue to take their toll on demand, especially in the refinance market. Total mortgage application volume fell 2.8% last week compared with the previous week, according to the Mortgage
Chicago launched a tender/exchange offer to holders of $4.3 billion of general obligation and motor fuel tax-backed bonds as part of a long planned $1.25 billion refinancing set for next month to help balance its 2021 and 2022 budgets. The city will refund various GO, motor fuel, and Sales Tax Securitization Corp. debt in the
Municipals faced some pressure Tuesday on another day of a weaker U.S. Treasury market while equities made gains. A large new-issue calendar began pricing, with a few deals bumped off the day-to-day calendar. Triple-A benchmarks saw cuts of one to two basis points. Ratios held in a range Tuesday. Municipal-to-Treasury ratios were at 49% in
Three of Barclays’ top-20 shareholders have raised concerns over the terms of Jes Staley’s exit ahead of meetings between the bank and investors next week. Some investors have privately criticised the £2.4m in pay awarded to the departing chief executive, who resigned this month following a probe into his past ties to convicted sex offender
Tracey Ryniec and Kevin Cook take a look at two top Zacks Ranked stocks. Tesla: https://www.zacks.com/stock/quote/TSLA?cid=CS-YOUTUBE-FT-VID JPMorgan Chase: https://www.zacks.com/stock/quote/JPM?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: http://stocktwits.com/ZacksResearch Follow us on Twitter: https://twitter.com/ZacksResearch Like us on Facebook: https://www.facebook.com/ZacksInvestmentResearch
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