Municipals were slightly firmer in light trading Tuesday with the asset class ignoring a large selloff in U.S. Treasuries while equities ended the session with losses. Triple-A yield curves saw up to two basis point bumps, continuing to outperform U.S. Treasuries, moving ratios lower again. Muni-to-UST ratios were at 74% in five years, 87% in
Month: May 2022
The UK and EU have agreed a co-ordinated ban on insuring ships carrying Russian oil, shutting Moscow out of the vital Lloyd’s of London insurance market and sharply curbing its ability to export crude, according to British and European officials. Lloyd’s has been the heart of the marine insurance industry for centuries and blocking its
Pseudonymous Shiba Inu (SHIB) founder ‘Ryoshi’ has walked away from the community after deleting all of their Tweets and blog posts this week. Much like Bitcoin (BTC) founder Satoshi Nakamoto, Ryoshi’s identity has remained unknown since the project launched in August 2020. Additionally, they have also held a hands-off approach to the memecoin much like
Traders on the floor of the NYSE, May 23, 2022. Source: NYSE U.S. stock futures rose on Monday night, as Wall Street tried to build on last week’s momentum. Dow Jones Industrial Average futures rose by 59 points, or 0.2%. S&P 500 and Nasdaq 100 futures climbed 0.4% and 0.8%, respectively. The U.S. stock market
Lieutenant Commander Landon Jones was killed on September 22, 2013, when his helicopter crashed into the Red Sea. He was based out of Naval Air Station North Island in Coronado, California, where his widow Theresa and sons Anthony and Hunter still live. LCDR Jones, along with Chief Warrant Officer 3 Jonathan Gibson who died in
William_potter | Istock | Getty Images With the stock market getting volatile but the housing market still hot, reverse mortgages have become a more attractive tool for older Americans who need cash for retirement but want to stay in their homes. Home Equity Conversion Mortgage loan volume was up 26% in March, according to data
Infrastructure consulting firm InfraStrategies LLC, which provides infrastructure financing advice to a number of major issuers nationwide, has brought on board Emma Huang from the Los Angeles County Metropolitan Authority’s Office of Extraordinary Innovation. Huang follows the firm’s January hire of Joshua Schank, who ran LA Metro’s Office of Extraordinary Innovation, which oversees the agency’s
Joe Biden on Monday said the US would not send Ukraine long-range rocket systems that could be used to attack Russian territory, dealing a blow to Kyiv, which has repeatedly asked for such weapons. “We are not going to send to Ukraine rocket systems that can strike into Russia,” the US president said in response
Parties in the Puerto Rico Electric Power Authority bankruptcy asked the judge Wednesday for an extra month to negotiate a debt restructuring deal. The Puerto Rico Oversight Board made the request on behalf of the the Fiscal Agency and Financial Advisory Authority, National Public Finance Guarantee, Assured Guaranty, Syncora Guarantee, Ad Hoc Group of PREPA
A gas station is seen as the average price of gasoline reach all-time high at $4.37 per gallon (about 3.8 liters) in Virginia, USA on May 10, 2022. It’s claimed that gasoline prices vary by region. Yasin Ozturk | Anadolu Agency | Getty Images Memorial Day marks the start of the summer driving season, and
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes! This week, our 6 Questions go to Andrew Levine, CEO of Koinos Group, which is focused on accelerating the transition to a more decentralized future by
It’s hard to put a dollar value on privacy. But for those who crave it, priceless would be a good place to start. In fact, privacy is ranked as just as important in home buying as proximity to family and friends in a 2022 trend analysis by John Burns Real Estate Consulting. At the very
The $28.5 million mansion that recently hit the market in Boca Raton, FL located at 2633 Spanish River Rd. Danny Petroni Ultra-high-end real estate in Boca Raton, Florida, is on a stratospheric rise, breaking record sale prices every year for five consecutive years. And the price per square foot of the town’s top-end homes is now
After declining for eight successive weeks, the Dow Jones Industrial Average rebounded sharply last week to finish higher by 6.2%. However, Bitcoin (BTC) has not been able to replicate the performance of the United States equities markets and is threatening to paint a red candle for the ninth week in a row. A positive sign
The Securities and Exchange Commission’s proposed amendments to its Names Rule may not have a direct effect on the municipal bond industry today, though market participants believe it could influence proposals the SEC’s Office of Municipal Securities is considering for the future. The proposal comes days after BNY Mellon was fined $1.5 million by the
Central banks are raising rates rapidly in the most widespread tightening of monetary policy for more than two decades, according to a Financial Times analysis that lays bare the reversal of their previous historically loose stance. Policymakers around the world have announced more than 60 increases in current key interest rates in the past three
Rising home values are putting the spotlight on property taxes in Texas, where state lawmakers are eying tax relief options for the upcoming legislative session even as previously approved measures are slowing the growth in tax bills. Preliminary residential property values are up an average 24%, according to a Texas Association of Appraisal Districts poll
Just four months after EV manufacturer Tesla started accepting Dogecoin (DOGE) for merchandise purchases, Elon Musk announced his plan to extend the payment option for his space exploration company, SpaceX. Musk, the CEO of SpaceX and Tesla, has been a staunch supporter of the DOGE ecosystem since 2019 and has since publicly revealed interest in
In this article BIG ADSK ULTA Ulta Beauty store. Scott Mlyn | CNBC Check out the companies making headlines in midday trading Friday. Ulta Beauty — The beauty retailer surged 10% following better-than-expected quarterly earnings and revenue. Ulta Beauty also shared a better-than-expected outlook for the full year. American Eagle — The stock dropped 4.2%
The plane touches down and comes to a halt. Heading to passport control, one of the passengers stops at a vending machine to buy a bottle of soda — but the device is absolutely indifferent to all of their credit cards, cash, coins and everything else. All of that is part of a foreign economy
Lots of architectural efforts seek to generate the next big breakthrough or start the next cutting-edge trend. But in many, it’s also important the design of new projects respect the heritage and culture of the settings in which they will be located. Displaying a reverence for history and the authentic legacy of a region is
Federal Reserve Chair Jerome Powell. Xinhua News Agency | Xinhua News Agency | Getty Images Americans are dealing with a period of rapidly rising interest rates for the first time in years. The Federal Reserve on Wednesday released the minutes from its latest meeting, showing that the central bank plans to deliver more 50 basis
The new installment of Ni No Kuni, an RPG franchise brought by independent gaming studio Level 5 and animated by Studio Ghibli, has launched with blockchain elements present. The game, which has been designed for mobile and PC platforms, introduces a token system that lets players use their earnings outside of the game, and will
The Chicago City Council signed off on Mayor Lori Lightfoot’s choice of Bally’s Corporation to hold the city’s first and only casino license, a project billed as central to structurally balancing the city’s books. The council vote of 41-7 came Wednesday several hours of contentious debate during which many members, even some who eventually cast
Emerging market bonds are suffering their worst losses in almost three decades, hit by rising global interest rates, slowing growth and the war in Ukraine. The benchmark index of dollar-denominated EM sovereign bonds, the JPMorgan EMBI Global Diversified, has delivered total returns of around minus 15 per cent so far in 2022, its worst start
Municipals made further gains on Friday, pushing yields down as much as another eight basis points, to close out a seven-day rally, the likes of which haven’t been seen since the end of March 2020 as the market began to rebound from the COVID-19-led turmoil. Triple-A yields have fallen more than half a percentage point
Traders on the floor of the NYSE, May 6, 2022. Source: NYSE Stocks could carry the momentum of this latest rally into next week as investors look ahead to Friday’s jobs report. All three major indices were on track Friday afternoon to score big gains for the week, each rising higher than 5%. Both the
When it comes to supply chain issues, frustrations are at an all-time high for consumers. Model and influencer Allison Weiss Brady has been furnishing her entire home for several years but everything has been delayed. From a toilet that never arrived to a seven-month wait for a storage piece, she’s reached a breaking point. “I
Former U.S. President Donald Trump looks on during a press conference announcing a class action lawsuit against big tech companies at the Trump National Golf Club Bedminster on July 07, 2021 in Bedminster, New Jersey. Michael M. Santiago | Getty Images A judge on Friday dismissed a federal lawsuit by former President Donald Trump that
Two municipal mutual funds managed by Nuveen will again open to new investors next month after a soft closure more than nine months ago, the firm said this week. Both the reopening and soft closure of the funds were market-related and were decided in the best interest of shareholders, according to Nuveen. Effective June 1,
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