Municipals were better Friday after catching a bid in the secondary, finally following U.S. Treasuries in a flight-to-quality, while still underperforming, keeping valuations above 100% on the 10- and 30-year. Equities pared back earlier losses to end mixed after the S&P 500 dipped into bear market territory earlier in the session. “The correlation between stocks
(Click here to subscribe to the Delivering Alpha newsletter.) For the last two decades, Bruce Flatt has been the CEO of Brookfield Asset Management, growing it to become the second-largest alternatives firm in the world. He oversees more than $725 billion in assets spanning a diverse portfolio comprised of real estate, private equity, infrastructure, energy transition, credit,
The Deer & Co. John Deere 8R fully autonomous tractor is displayed ahead of the Consumer Electronics Show (CES) on January 4, 2022 in Las Vegas, Nevada. Patrick T. Fallon | AFP | Getty Images Check out the companies making headlines in midday trading. Deere — The stock plummeted 11.4% after Deere reported a miss
Share to Facebook Share to Twitter Share to Linkedin Some of Wall Street’s hard-charging Masters of the Universe can take solace from the plummeting stock market with a new perk: No limit to their vacation days. Earlier this week, headlines touted how an internal Goldman Sachs memo said partners and managing directors will now have
Many people have bought and sold cryptocurrencies as an investment, yet trying to live on a salary paid in crypto is tricky. Alyssa Howell spent much of her career in the gold-mining industry before joining a crypto-wallet company last fall that pays all of its employees in bitcoin. The Denver-area resident said learning the ins
Bitcoin (BTC) may fall more than 40% from last week’s bottom, new data warns as one analyst confronts what he says is now a bear market. In a series of tweets on May 20, popular trader and analyst Rekt Capital argued that BTC/USD should dive to near $20,000 to conform to historical norms. Death cross
Gerald Corrigan, who spent a quarter century at the Federal Reserve, including an eight-year stint as president of the Federal Reserve Bank of New York, died Tuesday in Boston. He was 80. The longtime Fed and Goldman Sachs banker was 80. After leaving the New York Fed in 1993, Corrigan entered the private sector. He
Huw Pill, the Bank of England’s chief economist, said on Friday that it was “crucial” to ensure that the UK avoids stoking an “inflationary psychology” and indicated he supported further interest rate rises. With inflation having reached a 40-year high in April, Pill said that prices rising at more than four times the central bank’s
Municipal bonds still have a role to play in financing infrastructure despite the billions unleashed by the new federal law and state and local governments that are brimming with cash. “There is of course the need to leverage this money in order to get projects done,” said Patrick Brett, managing director of municipal debt capital
Avalanche (AVAX) has emerged as one of the worst-performing cryptocurrencies among the top-ranking tokens in the last 24 hours, partially due to fears connected to Terra (LUNA) and its a near-dead UST algorithmic stablecoin project. Avalanche price dips amid Terra’s tax evasion FUD AVAX’s price plunged by nearly 14% between May 18, where it traded
In this article @RB.1 @CL.1 A sign displays gas prices at a gas station on May 10, 2022 in San Mateo County, California. Liu Guanguan | China News Service | Getty Images The surge in gasoline prices is impossible to miss and at the top of consumers’ minds as large billboards announce that gas now
In this article CSX KSS CSCO Cisco logo exhibited during the Mobile World Congress, on February 28, 2019 in Barcelona, Spain. NurPhoto | Getty Images Check out the companies making headlines in midday trading Thursday. Harley-Davidson – Shares of the motorcycle maker fell more than 8% after the company said it’s suspending most vehicle assembly and
The Ethereum ecosystem is set for a “huge testing milestone” with the Ropsten testnet Merge set to be conducted on June 8. According to the Merge testnets page on Github, Ethereum DevOps engineer Parathi Jayanathi submitted a pull request for the Ropsten testnet Merge configuration code on Monday, suggesting the implementation is ready to go.
The strength of the housing market has made order takers out of the builders and dealers serving it – even to the point that many are turning down work because new jobs would mean a sacrifice of critical resources. Now, the question is, how sustainable is the strength of this type of market? And, how
A sale pending sign is posted in front of a home for sale on March 18, 2022 in San Anselmo, California. Justin Sullivan | Getty Images Sales of previously owned homes in April fell to the lowest pace since the Covid pandemic started, according to the National Association of Retailers. Existing-home sales declined 2.4% compared
press release PRESS RELEASE. The Vietnamese music celebrity’s videos have garnered close to 2.5 billion lifetime views on Youtube. RACA Hits a High Note Radio Caca (RACA), one of the world’s leading Web 3.0 companies, today announced the collaboration between Radio Caca and Vietnamese celebrity singer Son Tung M-TP, who will join its United States
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Illinois priced $1.64 billion of general obligation debt Wednesday at spreads on par with current trading levels that have more than doubled this year due to market turmoil despite a round of upgrades. A U.S. Treasury market rally helped calm the market, but news of a 17th week of outflows from municipal bond mutual funds
Shares in Chinese technology companies led declines across the Asia-Pacific region in the wake of Wall Street’s worst day since the early months of the coronavirus pandemic as concerns mounted over global growth. Hong Kong-listed shares in Tencent fell as much as 8.6 per cent on Thursday after the Chinese internet group reported its slowest
Issuer fears that ESG regulation will lead to disclosure trouble are overblown, the Securities and Exchange Commission’s muni office chief said Wednesday. Dave Sanchez’s comments were part of the National Federation of Municipal Analysts’ 2022 Annual Conference, where panelists spent considerable time discussing the recent ESG initiatives underway at the SEC and Municipal Securities Rulemaking
In this article BRK.A Berkshire Hathaway Chairman and CEO Warren Buffett. Andrew Harnik | AP Citigroup shares got a boost from Warren Buffett who just disclosed a big stake in the struggling bank. The bank stock jumped more than 5% in premarket trading after a filing revealed Monday evening that Buffett’s Berkshire Hathaway added more
Gary Gensler, Chair of the U.S. Securities and Exchange Commission, takes his seat before the start of the Senate Banking, Housing, and Urban Affairs Committee hearing on Oversight of the U.S. Securities and Exchange Commission on Tuesday, Sept. 14, 2021. Bill Clark | CQ-Roll Call, Inc. | Getty Images SEC Chair Gary Gensler is testifying
In this article LOW TGT Shoppers walk in front of a Target store at the Lycoming Crossing shopping plaza in Muncy, Pennsylvania. Sopa Images | Lightrocket | Getty Images Check out the companies making headlines in midday trading. Target – Shares plunged 25.6% after the retailer reported disappointing quarterly results, citing high fuel costs and
Ether (ETH) price has been trying to establish an ascending channel since the May 12 market-wide crash that sent its price to $1,790. Currently, the altcoin’s support stands at $2,000, but the high correlation to traditional markets is causing traders to be highly skeptical s cryptocurrency market recovery. Ether/USD 4-hour price at Bitstamp. Source: TradingView
Livorno is an easygoing seaside city with an active seaport on the western coast of central Italy’s Tuscany region. A 16th-century fort, a modern harbor, a cruise ship port and a central promenade occupy the waterfront. The mild Mediterranean climate of winter gives way to sultry temperatures in the summer and no doubt contributes to
Americans are more stressed about money than they’ve ever been, according to the American Psychological Association’s latest Stress In America Survey. “Eighty-seven percent of Americans said that inflation and the rising costs of everyday goods is what’s driving their stress,” said Vaile Wright, senior director of health care innovation at the American Psychological Association. More
We’re going to cover the concept of “groupthink” and how it applies to your stock trading market decision. You’ll learn why it is important to focus on psychology when it comes to trading. How market behaves and moves is easy to understand if you know how people think. #tradingstocks #groupthink #stockcharts #investingdecisions #tradingdecisions Posted at:
St. Louis County, Missouri, takes competitive bids Wednesday on $114 million of special obligation bonds that will provide its long-stalled share of public financing for the expansion and renovation of the downtown convention center. The bonds mature from 2034 to 2047. Columbia Capital Management LLC is advising the county. The bonds are rated AA rating
UK inflation hit 9 per cent in April, its highest level in over 40 years, after soaring gas and electricity bills intensified the cost of living crisis facing households. The rate of consumer price inflation was close to economists’ expectations and is almost double the rate the Bank of England expected only six months ago.
Oregon Gov. Kate Brown warned Monday that state officials are seeing conditions that indicate another challenging fire season ahead. “Already this year, I have had to declare drought emergencies in 15 counties,” said Brown, who terms out this year. “That is the most I have ever had to declare by this time of year, of