Municipals made gains Monday, underperforming a stronger U.S. Treasury market, but taking advantage of the positive tone of all markets as equities also rallied to open the fourth quarter. Triple-A benchmarks were bumped one to six basis points, depending on the scale, while U.S. Treasury yields fell 16 to 19 basis points 10 years and
The first green municipal bond was issued nearly a decade ago, but the public finance industry — and California in particular — have been working to take it to the next level. California’s Green Bond Market Development Committee plans to produce recommendations next year on both best practices for issuing green bonds and a method
Chancellor Kwasi Kwarteng is to accelerate the publication of his plan to cut Britain’s debt in an attempt to reassure markets after he was forced to make a humbling U-turn on a key part of his “mini-Budget”. Kwarteng is expected to publish his medium-term fiscal plan, accompanied by official forecasts, later this month after previously
Cathie Wood’s investment firm, ARK Investment, is making its two actively managed crypto strategies available to registered investment advisors. The strategies will be available as separately managed accounts (SMAs) through a collaboration with the digital asset platform Eaglebrook, the companies announced on Oct. 3. The ARK Cryptocurrency Strategy aims to capitalize on the monetary revolution, said
XRP is hoping that the token could see a massive price rally in 2022 based off the fingers-crossed assumption that Ripple will win its long-running legal battle against the U.S. Securities and Exchange Commission (SEC). Hinman documents to save XRP bulls? On Sept. 29, the district court judge in the case, Judge Analisa Torres, ordered the commission
On Monday, the U.S. Securities and Exchange Commission (SEC) filed charges against the celebrity and socialite Kim Kardashian for unlawfully promoting the crypto asset Ethereummax. The U.S. regulator detailed that Kardashian agreed to settle the charges and pay $1.26 million in penalties, and plans to cooperate with the SEC’s ongoing investigation. Kardashian Charged by SEC,
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, August 29, 2022. Brendan McDermid | Reuters Am I becoming rueful that 2022 will end soon, and we will embark on the unknowns of 2023? Are you joking? The market is more skittish than my dogs in a thunderstorm
Take a look at some of the biggest movers in the premarket: Credit Suisse (CS) – Credit Suisse slid 6.1% in premarket trading after the bank sought to calm the fears of investors and clients about its financial health over the weekend in a series of phone calls. Tesla (TSLA) – Tesla dropped 5.7% in
In certain movies, the background becomes a character. More than a backdrop, the environment in which the central characters live, work or interact with each other makes the place where the story happens as important a part of the story as the plot. An example is the 1998 film The Truman Show, in which Jim
Daniel Acker | Bloomberg | Getty Images With high inflation and rising interest rates fueling speculation that a recession is on the horizon, it may come as no surprise that financial advisors are hearing these concerns from their clients. Year-over-year inflation eased a bit in August to 8.3% from 8.5% in July, but it remains
Baby bond programs aren’t a panacea for generational inequality, but remain a promising tool to chip away at such problems, experts said at an event this week in New York. Tuesday’s event at the Federal Reserve Bank of New York, “Exploring Baby Bonds as a Tool to Improve Economic Security,” was organized in conjunction with
Kwasi Kwarteng is facing a mounting Tory rebellion over his plan to scrap the 45p top rate of income tax, but will on Monday tell Conservative party members he is “confident” that the plan is “the right one”. The chancellor’s tax-cutting “mini” Budget, which also included a wave of new government borrowing, created turmoil in
In this article GXO NVMI NVMI-IL SNX GOOGL Follow your favorite stocksCREATE FREE ACCOUNT The logo of Alphabet Inc’s Google outside the company’s office in Beijing, China, August 8, 2018. Thomas Peter | Reuters With an ugly September in the rear-view mirror, it’s tempting for investors to make impulsive decisions. The three major indexes ended
An employee arranges Apple iPhones as customer shop at an Apple store. Mike Segar | Reuters Check out the companies making headlines in midday trading. Apple — The big technology stock shed nearly 5% following a rare downgrade by Bank of America. The bank downgraded shares of the iPhone maker to neutral and cut its
With much of the optimism of the past decade wrung out of the housing market, I have been fielding a lot of questions about what to do with an existing home. Should you still try and sell now? Or perhaps rent it out? As a comprehensive financial planner, I strive to guide my clients to
A man walks through the debris on a street in the aftermath of Hurricane Ian in Punta Gorda, Florida. Ricardo Arduengo | Afp | Getty Images If you’re far from the destruction caused by Hurricane Ian in Florida, you may be thanking your lucky stars that your home wasn’t in the storm’s path. Nevertheless, you
Municipals were little changed Friday to close out a month that saw triple-A yields rise more than three-quarters of a point on the front end, $7.6 billion flow out of mutual funds and issuance fall by 43%. U.S. Treasuries were weaker and equities ended in the red after a month of central bank rate hikes,
California water and wastewater issuers count among their challenges the recurrence of drought, fundamental modification to the usage rates and patterns of enterprise services post pandemic, and significant capital requirements from a regulatory and reinvestment perspective. Issuers and other sector experts will explore the unique risks facing water and wastewater agencies and how they are
Prime minister Liz Truss has said that “Britain’s economy needs a reset” and pledged to prioritise “aspiration, enterprise and growth” as the Conservative party prepares to gather for its annual conference in the wake of a week of market turmoil. MPs and party members will convene on Sunday in Birmingham, and Truss is expected to
The United States equities markets have been under a firm bear grip for a large part of the year. The S&P 500 and the Nasdaq Composite have declined for three quarters in a row, a first since 2009. There was no respite in selling in September and the Dow Jones Industrial Average is on track