Municipal bonds were little changed Monday in steady trading as investors await a larger-than-usual new-issue calendar. Munis largely ignored the moves in U.S. Treasuries as the 10-year settled in at 1.59% and equities were mixed. Despite the recent outflows and volatility of the Treasury market, municipal bonds have and should continue to outperform, sources said.
Non-fungible tokens and decentralized finance are two of the hottest concepts in the crypto sector and each is altering the way projects and companies interact with the public on a wide scale. One project that is looking to apply these concepts into a framework for sports fan engagement is Chiliz (CHZ), a blockchain platform created
The 100-year-old Cleveland Museum of Natural History makes its tax-exempt market debut this week to raise financing for a sweeping transformation plan. The $63 million issue is slated to price Thursday through the Cleveland-Cuyahoga County Port Authority. Morgan Stanley is the underwriter. The bonds are an unsecured general obligation of the museum and mature in
Successful trading is partially about managing yourself — ensuring that you keep your emotions in check and maintain the discipline to cut losing trades at the right time are commonly cited as key aspects of trading psychology. This video discusses a few simple ideas in this area that may help you to tighten up your
The SpaceX Falcon 9 rocket and Crew Dragon capsule stand upright on the launchpad at NASA’s Kennedy Space Center ahead of the Demo-2 launch. Elon Musk’s SpaceX denounced a subpoena from the Department of Justice for its corporate hiring records, saying in a court filing that the investigation by the federal agency’s Immigrant and Employee
Take a look at some of the biggest movers in the premarket: Apollo Global (APO), Athene (ATH) – The private-equity firm’s shares gained 8% in premarket trading following news that it will merge with retirement services company Athene in an all-stock transaction that values Athene at about $11 billion. Athene shares surged 19.6%. McAfee (MCFE)
Joseph is CEO of TenantCloud, a cloud-based property management solution that helps landlords maximize revenue from rental properties. getty The pandemic has gone on longer than any of us could have ever imagined. Most of us are still living, working and existing solely in and around our homes. Many of those homes are rentals where families
A man enters a building with rental apartments available on August 19, 2020 in New York City. Eduardo MunozAlvarez | VIEW press | Corbis News | Getty Images Sales contracts in Manhattan soared by 73% in February, and brokers say the days of big price cuts and deals in the city may be ending. There
Apollo Global Management is to merge with Athene Holding, the life insurance company it created at the height of the financial crisis, transforming the alternative asset manager into a financial conglomerate with a market capitalisation worth close to $30bn. The deal comes weeks after Leon Black announced he was to step down as Apollo chief
The Municipal Securities Rulemaking Board’s proposal to expand Regulation Best Interest to cover bank dealers would affect just a handful of dealers in an effort to reach regulatory parity. In a notice filed Thursday afternoon, the MSRB asked for comment on proposed changes to its Rule G-19 on suitability, to extend the requirements of the
Stifel has created a program that will donate up to $50,000 to hunger relief programs in areas it has offices while raising awareness of projects built by its clients’ bonds in those regions. In November, the firm teamed up with Feeding America, a national hunger relief organization. “Around the holidays everyone’s attention gets drawn to
The premium on Grayscale Investment’s GBTC, which turned negative for the first time on February 23, is continuing its downward slide. As the latest Glassnode data shows, the GBTC was trading at a record low discount of -11.92% on March 4, 2021. According to the same data, this new low is a significant reversal from
The row of two-story tall 3D printer bays at the company’s headquarters. Relativity Space The founders of two private rocket-building companies met today – one, the richest person on Earth; the other, leader of a venture pushing the boundaries of manufacturing. Jeff Bezos stopped by the gleaming new “factory of the future” of Relativity Space
A logo of a Virgin Galactic is seen outside the building during the company’s first day of trading on the New York Stock Exchange (NYSE) on October 28, 2019 in New York City. JOHANNES EISELE | AFP | Getty Images Check out the companies making headlines in midday trading. Virgin Galactic – The space company’s shares
The Gramercy, built in 1883, is one of the finest residential buildings in Manhattan. Yale Wagner for Sotheby’s International Realty Combining four different apartments on three floors created this 4,950 square foot home in one of Manhattan’s legendary buildings. Home to Jimmy Fallon and his wife Nancy Juvonen, it has just gone on the market
People wait to visit a house for sale in Floral Park, Nassau County, New York. Wang Ying | Xinhua News Agency | Getty Images The spring housing market is shaping up to be the leanest and most competitive ever. A sharp drop in new listings partly due to severe weather, combined with already record-low supply,
The US Senate has voted to approve Joe Biden’s $1.9tn stimulus legislation, taking the president’s plan to stoke America’s economic recovery a big step closer to securing its final passage in Congress. The upper chamber of Congress passed the fiscal stimulus legislation by 50 to 49, following party lines with all Democrats voting in favour
The Puerto Rico Oversight Board’s proposed central government debt adjustment faces several obstacles, most prominently bond insurers’ possible withdrawal of support and local government opposition. Puerto Rico bankruptcy Judge Laura Taylor Swain gave the board until the end of Monday to submit a plan of adjustment for bonds, pensions, and unsecured debts. The board reached
Artificial intelligence and machine learning are changing the face of commerce, computing and other technologies on a daily basis. In its most basic form, the information gathered by artificial intelligence is really just data that can be used to make interpretations and blockchains are built for the storage and transmission of data. Fetch.ai (FET) is
It was a quiet and uneventful Friday as the municipal market viewed the higher-than-expected growth in the jobs report as an indicator of economic recovery ahead and it prepared for the coming of more than $9 billion of tax-exempt and taxable supply combined next week. California will dominate the primary market with its $1.8 billion
Stocks are down roughly 10% in just one week’s time and there is still plenty of worry over China right now. Eric Dutram takes a look at several inverse ETFs which have gained more roughly 10% in the past week and could be poised for more gains if the turmoil continues. However, Eric also cautions
A view outside a Kohl’s store in Miramar, Florida. Johnny Louis | Getty Images Company: Kohl’s Corp (KSS) Kohl’s operates as a retail company in the United States. Its stores and website offer apparel, footwear, accessories, beauty, and home products. The company provides its products primarily under the brand names of Apt. 9, Croft &
Traders on the floor of the New York Stock Exchange Source: The New York Stock Exchange The Covid-19 aid package is on track for final congressional approval in the week ahead — and it could be a double-edged sword for markets. The legislation should be greeted by optimism around the powerful lift it could give
Drew, left, and Tim Nelson of Willis Allen Real Estate have been tied to the business since an early … [+] age. Since then, they’ve established themselves as top agents in San Diego’s real estate scene. Willis Allen Real Estate Real estate has always been a family affair for Drew and Tim Nelson. The sons
LGI Homes Chairman and CEO Eric Lipar told CNBC on Friday he believes housing demand will remain robust even in the face of rising mortgage rates. A day earlier, Freddie Mac reported the 30-year fixed-rate mortgage reached its highest level since July after eclipsing 3%. And on Wednesday, the Mortgage Bankers Association’s seasonally adjusted index
The EU will urge the US to permit the export of millions of doses of AstraZeneca’s Covid-19 vaccine to Europe as Brussels scrambles to bridge supply shortfalls that have hobbled its inoculation drive. The European Commission plans to raise the matter in forthcoming transatlantic discussions aimed at boosting collaboration on the fight against Covid-19, EU
California Gov. Gavin Newsom signed a $6.6 billion package pitched as speeding up the return to in-person instruction in the state’s schools. The bill provides $2 billion to schools to spend on personal protective equipment, ventilation upgrades and rapid COVID-19 testing to make it safer to return to schools amid the pandemic. It also provides
The California State Treasurer’s Office sold a higher percentage of new money bonds in 2020 than in 2019, when about two-thirds of its volume was refunding. “That is a trend I expect you will continue to see, with us doing less and less refunding going forward,” said Tim Schaefer, deputy treasurer for public finance. “We
In addition to attractive yields, MLPs have solid growth potential (AMJ, MLPI).
The U.S. Federal Reserve is in a predicament as fiscal deficits erode the American economy and the nation is seeing a spike in benchmark 10-year Treasury yields. Meanwhile, Federal Reserve Chairman Jerome Powell expressed zero worries about inflation during an interview at a Wall Street Journal Jobs Summit on Thursday. Powell didn’t explain when the
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