Prospective home buyers arrive to tour a house for sale in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images Borrowers backed away from the mortgage market last week, as higher interest rates chilled a recent revival in refinances. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less)
Municipals were steady and relative value increased on the long end of the market amid rising Treasuries Tuesday. The Puerto Rico Aqueduct and Sewer Authority came to market with over $800 million of bonds as two New York issuers offered large deals to hungry retail investors ahead of Wednesday’s release of the Federal Open Market
The Biden administration scrambled to put a botched evacuation of Afghanistan back on track on Tuesday as it admitted its original plans needed to be changed following a day of chaos and violence at Kabul’s international airport. In an attempt to project competence after the Taliban swiftly took control of the country in the face
A bull trend is formed when demand exceeds supply and a bear trend occurs when sellers overpower the buyers. When the bulls and bears hold their ground without budging, it results in the formation of a trading range. Sometimes, this leads to the formation of a rectangle pattern, which can also be described as a
Are millennials buying homes? Check out the latest Zacks Personal Finance 101 video to find out.
Billionaire American businessman Jeff Bezos walks with Blue Origin’s President and CEO Bob Smith after Bezos flew on the company’s inaugural flight to the edge of space, in the nearby town of Van Horn, Texas, U.S. July 20, 2021. Joe Skipper | Reuters Jeff Bezos’ space company Blue Origin filed a complaint in federal court
The Federal Reserve told a judge not to scrap Libor as requested by consumers in a lawsuit because it would pose a risk to financial stability and undermine years of global planning for a transition to a new benchmark for borrowing rates. A staged transition away from the London interbank offered rate is underway globally,
In this article TME RBLX PRCH WeChat mascots are displayed inside Tencent office at TIT Creativity Industry Zone in Guangzhou, China, May 9, 2017. Bobby Yip | Reuters Check out the companies making headlines in after hours trading. Tencent Music — Tencent Music shares rose roughly 1% in extended trading after the company beat on
The staking contract for the Ethereum 2.0 blockchain is now the single-largest holder of Ether. According to blockchain analytics provider Nansen, the Eth2 staking contract has surpassed Wrapped Ethereum (wETH) to become the single largest holder of ETH. Unlike Ether, Wrapped Ether adheres to the ERC-20 standard, making it the favored representation of ETH among
Founder and CEO, Visual Lease. The financial world has a never-ending list of new standards and practices to adhere to, many of which intersect with the world of corporate real estate. New lease accounting standard ASC 842 requires businesses to represent their real estate and equipment leases on their balance sheet. While this may sound like
A view of the City of London on a clear day. Vuk Valcic | SOPA Images | LightRocket via Getty Images LONDON — About 10% of London offices could soon become unusable when new rules on energy efficiency are implemented, according to analysis from a leading real estate company. Under the new standards, set to
The cryptocurrency market has had a wild ride thus far in 2021 as multiple sub-sectors like decentralized finance (DeFi), NFTs, meme coins and layer-two solutions have seen their TVL and token values skyrocket to new highs. One of the biggest success stories of the year was been Dogecoin (DOGE), a simple ‘joke’ cryptocurrency that has
Municipals were steady on Monday as New York City took orders of over $110 million on the first day of a two-day retail order period for $1.039 billion of general obligation bonds. Investors prepared for a week that will see nearly $10 billion of new volume come to market. Triple-A benchmark bonds from 2022 to
Afghans were bracing themselves for life under strict Islamic rule on Monday after the Taliban drove the US-backed government of Ashraf Ghani from power to establish control of Kabul. Thousands of residents filled the airport and throngs of people tried to push their way on to planes in a desperate effort to flee after the
Researchers from Microsoft, Alibaba Group, and Carnegie Mellon University have published a paper that claims the Ethereum network can help prevent piracy. The paper, called “Argus: A Fully Transparent Incentive System for Anti-Piracy Campaigns,” describes how Argus is superior to existing solutions. Argus: An Ethereum-Powered Anti-Piracy Tool A study written by Xian Zhang, Xiaobing Guo,
Positive Stories for This Solar and Cloud Based Company.
In this article CYXT A data center. Erik Isakson | DigitalVision | Getty Images Company: Cyxtera Technologies Inc. (CYXT) Business: Cyxtera is a global leader in the data center colocation and interconnection services. The company operates a footprint of more than 60 data centers around the world, providing services to more than 2,300 leading enterprises
In this article POSH VRRM PLUG TTD SQSP Plug Power GenDrive Fuel Cell with GenFuel hydrogen. Source: Plug Power Finding fresh investment opportunities in the current financial environment isn’t easy, to say the least. However, following the recommendations of analysts who consistently get it right is one way to find compelling plays that may be
Two Rhode Island agencies will go to the market with negotiated infrastructure and housing deals next week. The Rhode Island Infrastructure Bank on Tuesday plans a $128 million refunding of Series 2021A state revolving fund revenue bonds. Tuesday will also mark the retail order period for the Rhode Island Housing and Mortgage Finance Corp.’s $172
Nine mayors from across the country backed House Speaker Nancy Pelosi’s call for Congress to approve both the Infrastructure Investment and Jobs Act and the $3.5 billion budget reconciliation package. The same number of moderate Democrats in the House came out Thursday against Pelosi’s approach, saying the House shouldn’t delay passage of the bipartisan infrastructure
ICE Data Services has launched a new service designed to help investors navigate the complex world of social impact investing in the municipal bond market. The ICE social impact scores, powered by risQ, will let the service’s users compare which local communities will be socially impacted the most by their investments, a strong component in
Traders on the floor of the New York Stock Exchange. Source: NYSE Retail earnings have never been better, but the delta variant remains the wildcard. In theory, this is a golden moment for retailers, which begin reporting earnings this week. Consider the following: The consumer is flush. The American consumer has never had more disposable cash
Traders on the floor of the New York Stock Exchange, June 18, 2021. Source: NYSE Stock rotation: anti-lockdown, anti-low yields. We are halfway through the third quarter, with the S&P 500 up a respectable 3.8% in the last six weeks. Even while a lot of traders are on the beach, there are two big narratives in
Traders works at the New York Stock Exchange (NYSE), August 4, 2021. Andrew Kelly | Reuters Investors bid up cyclical stocks in the past week, but the economy will have to prove that the reflation trade — a bet on economic growth — is the way to go as concerns about Covid linger. Markets are
In this article AMD RKT DIS HNST PFE ABNB General views of the Mickey Mouse Ferris Wheel at Disney California Adventure Park at the Disneyland Resort, which has reopened for outdoor dining and shopping on April 11, 2021 in Anaheim, California. AaronP | Bauer-Griffin | GC Images | Getty Images Check out the companies making
Bitcoin (BTC) is approaching its second attack on pivotal resistance this week as bulls remain firmly in the driver’s seat. After a mixed weekend that saw both a run on $48,000 and a major rejection at that level, Bitcoin is already back, having made up all of its losses. With conditions broadly favorable for continued
There’s lavish, and then there’s Mandalay House. The Mediterranean-style trophy estate is in coastal Airlie Beach in the Whitsundays region of Queensland, Australia. Created by property developer and yacht seller Neil Murray and his wife Denise over a three-and-a-half year period, the spread boasts a private helipad, a rock-walled marina, two jet-ski bays and a
Here are Option Basics: – Options are contracts – You pay a premium for them – You are able to buy or sell stock – 1 option = 100 shares – They expire the third Friday of the month you purchase them for – Strike price = expiration price – You pay a premium –
Two Zacks #1 Ranked, Strong Buy, Specialty Retailers in Focus.
Forward delivery bonds have already surpassed their annual record for issuance as issuers use the tool, along with taxable refundings, to replace the loss of tax-exempt advance refundings. Forward delivery bonds are attractive to both issuers looking for savings and investors seeking any incremental yield in an uber low-rate environment, Barclays PLC said in a