The triple-A yield curve steepened further Wednesday, with municipals better on the short end and much weaker out long while a large general obligation deal from Maryland took the focus in the primary. U.S. Treasuries were weaker and equities ended in the red. Triple-A yields were bumped as much as five on the short-end and
Month: June 2022
Hundreds of millions of people are at risk of “hunger and destitution” because of food shortages due to the Ukraine war, the chief of the UN warned, as talks stalled over ending Russia’s blockade of Black Sea grain shipments. António Guterres spoke as negotiators from Russia and Turkey failed to break an impasse over how
Municipals again saw a stronger short end of the yield curve and some pressure out long in light trading Tuesday as U.S. Treasuries were better and equities ended in the black. Triple-A benchmarks were bumped up to three basis points five years and in and cut up to two basis points on the long end,
At least two technical indicators show Solana (SOL) could undergo a sharp price recovery in June, even after the SOL/USD pair’s 78.5% year-to-date decline. SOL price nears bullish wedge breakout First, Solana has been painting a “falling wedge” since May, confirmed by its fluctuations inside two descending, converging trendlines. Traditional analysts consider falling wedges as
Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), at the SEC headquarters office in Washington, D.C., U.S., on Thursday, July 22, 2021. Melissa Lyttle | Bloomberg | Getty Images SEC Chair Gary Gensler is trying to make good on his promise to address what he believes are deficiencies in the U.S. trading
FILE PHOTO: Shoppers exit a Target store during Black Friday sales in Brooklyn, New York, U.S., November 26, 2021. Brendan Mcdermid | Reuters Check out the companies making headlines in midday trading. Target — Shares of the retailer fell more than 4% after the company said it will take a short-term hit to profits as
Passive income opportunities are one of the biggest draws in the cryptocurrency ecosystem because it gives investors an easy opportunity to grow their portfolio size regardless of the day-to-day price action. The latest token to get a bump in its price after announcing the upcoming implementation of staking is Chainlink (LINK), the decentralized oracle network
Father’s Day is almost here and if you haven’t ordered a gift for dad yet, it’s time to do it. If you’re unsure of what to buy him and he already has enough ties and shirts, you can’t go wrong with a gift for the home. Whether he’s into art, cooking, cleaning, or just everyday
“Yellowstone” has become one of the hottest shows streaming. Filmed on location in the West, much of it in Montana, the scripted drama tells the story of a modern day ranch owner John Dutton, played by Kevin Costner, and his family dynasty. The storyline is deliciously captivating, with back-stabbing and family intrigue, high stakes power
Grayscale Investments has hired a former U.S. Solicitor General in preparation for a potential legal spat with the U.S. Securities and Exchange Commission (SEC), should the regulator reject its application for a spot Bitcoin (BTC) exchange-traded fund (ETF) on July 6. The company has been waiting on a decision from the SEC to convert its
The increase in funding to California schools from the state’s $97.5 billion surplus has helped earn Sacramento City Unified School District a revised Fitch Ratings outlook to stable from negative. The amount of money dedicated to schools in Gov. Gavin Newsom’s most recent budget proposal changed the dynamic for the Sacramento district, said Graham Schnaars,
The chief executive of London’s Heathrow airport, the UK’s largest, has warned it will take up to 18 months for the aviation industry to rehire staff and return operations to pre-pandemic levels, following a gruelling period of disruption and cancellations. John Holland-Kaye said airlines and airports needed to “plan much better” to avoid further cancellations
Maryland will sell $900 million of AAA-rated tax-exempt and $150 million of taxable general obligation bonds competitively Wednesday in the largest deal of the week. “Through the pandemic, global unrest, and record inflation, we have managed to maintain the rating agencies’ confidence in our fiscal management,” said Maryland Treasurer Dereck Davis. Davis became treasurer in
In this article RUN DIDI TWTR Tim McKibben, left, a senior installer for the solar company, Sunrun, and installer Aaron Newsom install solar panels on the roof of a home in Granada Hills. Mel Melcon | Los Angeles Times | Getty Images Check out the companies making headlines in midday trading Monday. Solar companies —
Bitcoin was created to give the average person a peer-to-peer economic system and a store of wealth asset that could provide financial autonomy and access to banking, especially for people living in places where financial services are sparse or non-existent. In the last five years, there have been a number of blockchain projects that aim
In the upscale Washington, D.C., bedroom community of Bethesda, Maryland, you don’t have to go far to find the home of a politician, a military official or a medical professional. This two-story contemporary, about 4 miles from Bethesda’s retail-oriented downtown, was the onetime residence of Jeane Kirkpatrick, the first female to serve as the U.S.
Houses in Hercules, California, US, on Tuesday, May 31, 2022. Homebuyers are facing a worsening affordability situation with mortgage rates hovering around the highest levels in more than a decade. David Paul Morris | Bloomberg | Getty Images Homeowners are in the money, and it just keeps coming. Two years of rapidly rising home prices
Citigroup CEO Jane Fraser warns that a recession is more likely in Europe than in the U.S. Nonetheless, she stressed that it is not easy for the U.S. to avoid a recession. Citigroup’s CEO on Global Recession Citigroup CEO Jane Fraser warned about the health of the global economy Friday, Reuters reported. Citi is the
Since New York legalized the sports gambling industry five months ago, residents of the state have made almost $6 trillion in bets, according to the New York State Gaming Commission’s latest numbers. In January, legislation took effect allowing nine authorized bookmakers to begin accepting wagers statewide. Those companies have grossed $425 million since, which has
Boris Johnson on Monday night survived a bruising no-confidence vote, but his victory by 211 to 148 in a ballot of Tory MPs left him badly damaged and exposed the scale of the division and animosity in his party. The result means that more than 40 per cent of Johnson’s MPs wanted to oust the
Improving market technicals are creating value and opportunity in the municipal bond market as summer reinvestment season kicked off this week. After a rocky start to the year and a volatile first three weeks of May, municipals still offer value even after a furious rally in the final week of May. Improving market technicals should
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 Nikki Farb — an active investor and advisor to technology companies who is currently a venture partner at Headline,
In this article WDAY DHR COP NVDA MRVL Workday co-founders and co-CEOs Aneel Bhusri (left) and Dave Duffield (center) applaud their company’s first trade after their IPO at the New York Stock Exchange on Oct. 12, 2012. Brendan McDermid | Reuters The last week of May put our minds slightly at ease with a relief
In this article TSLA CRWD RH LULU TPTX KSS Check out the companies making headlines before the bell: Turning Point Therapeutics (TPTX) – The biopharmaceutical company’s shares more than doubled in premarket trading after agreeing to be acquired by Bristol Myers Squibb (BMY) for $76 per share in cash, or $4.1 billion. Turning Point specializes
The coast of Southern California is famous for many reasons—sandy beaches, a Mediterranean climate, and dramatic cliffs that meet the blue sprawl of the Pacific. What the area is not known for is ample real estate acreage. The beachfront property at 3165 Padaro Lane sits on a roomy two-plus-acres, which is hard to find in
Supply constraints are driving up property prices and rents in Singapore, the chief executive officer of a real estate company said Friday. “You can see a massive gap opening up between demand and supply,” said Hari Krishnan of PropertyGuru. Singapore introduced measures to cool the property market in December 2021, but analysts told CNBC in
The new fund managing suburban Chicago and downstate police pension assets won’t make an end-of-the-month consolidation deadline but it’s seen an uptick in local funds ready to begin the transfer process after last week’s court ruling upholding the state law. The increased willingness to abide by the 2019 law comes after Kane County Circuit
Boris Johnson’s key allies are preparing to defend him in a challenge to his leadership, as they conceded it was increasingly likely that rebel Conservative MPs had reached the key threshold needed to trigger a vote of no confidence in the UK prime minister this week. For such a vote to take place, Sir Graham
Some observers of Puerto Rico politics are concerned that the territory’s government appears to continue to avoid fiscal responsibility, ignoring past mistakes that led it into the largest bankruptcy in municipal market history. And some stakeholders fear what the island’s future looks like without a federal Oversight Board running the fiscal ship. On Tuesday, the
In this article PD OKTA JOAN AAL COIN CRWD TPTX Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Here are the stocks making the biggest moves in midday trading Friday. Coinbase – Shares
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