Municipal triple-A yield curves saw another round of cuts Tuesday amid elevated secondary selling pressure, pushing one-year munis to end the session above 3%. U.S. Treasuries and equities saw losses after more hawkish Fed speak and a continued global bond rout. Triple-A yields rose by as many as seven to eight basis points across the
Under the oversight of a state review board, the troubled finances of West Haven, Connecticut, are moving in the right direction, according to Moody’s Investors Service, which last week affirmed the city’s Baa3 general obligation bond rating after a two-month review. Financial mismanagement and federal corruption charges have dogged the New Haven suburb, which is
The IMF has launched a biting attack on the UK’s plan to implement £45bn of debt-funded tax cuts, urging the government to “re-evaluate” the plan and warning the “untargeted” package threatens to stoke soaring inflation. The multilateral lender said it was “closely monitoring” developments in the UK and was “engaged with the authorities” after chancellor
Interoperability-focused blockchain network Cosmos has dropped a new white paper proposing a revamped Cosmos Hub aimed at strengthening interoperability and security, along with key changes to its Cosmos (ATOM) token. The new Cosmos white paper was released on Monday at the Cosmoverse conference in Medellin, Colombia. The upgrades outlined in the white paper are still
ETHW has logged a significant price rebound despite its blockchain network, ETHPoW, suffering a smart contract hack in the first week after its launch. The short analysis of the attackhttps://t.co/87OVRqaYb2 https://t.co/vhRJyZVc72 — BlockSec (@BlockSecTeam) September 18, 2022 Bull trap risks surround ETHW market ETHW rebounded more than 150% eight days after the attack and traded
Get some knowledge about option trading right at the start of your trading career. You’ll learn techniques, strategies and we’ll go through basics you need to hear before you start trading. For you, as a beginner, is crucial to hear how things work with stocks. I’ll show you how stock market work and what you
When there are thousands and thousands of shares to invest in, it can be daunting as a beginner investor to know even where to begin. This video looks at some ideas of how to start compiling a long list of companies for deeper consideration. In part 2 next time we will look at how to
After bitcoin neared $25K roughly 44 days ago, the crypto asset’s price has lost more than 17.88% in value against the U.S. dollar. Onchain analysis from researchers at Glassnode details that the price drop has placed short-term holders into “severe unrealized loss.” Long-term holders, on the other hand, are holding strong and Glassnode researchers say
In this article 2015-HK LCID KDP Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: Keurig Dr Pepper — The consumer stock fell 1.5% premarket after Goldman Sachs downgraded the stock to neutral from a buy rating. The Wall Street firm said it sees increased risk to Keurig’s margins
Slow-moving Hurricane Ian puts more than 1 million homes along the Florida Gulf Coast at risk of storm surge heights up to 10 feet and a reconstruction cost value of approximately $258.3 billion, according to CoreLogic, a global property data and analytics provider. These figures assume Hurricane Ian makes landfall as a Category 4 hurricane.
A ‘for sale’ sign is displayed outside a single family home on September 22, 2022 in Los Angeles, California. Allison Dinner | Getty Images U.S. home prices cooled in July at the fastest rate in the history of the S&P CoreLogic Case-Shiller Index, according to a report released Tuesday. Home prices in July were still
Municipal yields climbed again Monday amid elevated secondary selling pressure following a major U.S. Treasury selloff while equities also ended in the red as global bond market uncertainties rattle all markets. Triple-A municipal yields rose as much as 18 basis points on the short end, with the one-year just below or above 3%, further flattening
California Gov. Gavin Newsom, who has been bouncing around the country making appearances fueling further talk of a presidential run, has signed hundreds of bills ahead of Thursday’s deadline to sign or veto bills the Legislature sent him. The final bill signings also serve as a demarcation of sorts for when the governor moves from
UK government borrowing costs are on course for their biggest ever monthly rise — and mortgage rates are set to rise as well — following the bond market meltdown triggered by Kwasi Kwarteng’s fiscal policy announcement last week. The 10-year benchmark gilt yield has increased by 1.45 percentage points so far in September to 4.2
(Click here to subscribe to the Delivering Alpha newsletter.) According to Deloitte, global ESG assets under professional management could be worth $80 trillion by 2024. But this growth in popularity combined with a global energy crisis has the sector facing increasing polarization. Critics worry that capital dedicated to ESG investments will further one value system at the
In this article PLNT PCG LVS Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: Planet Fitness — Shares of the gym franchise jumped nearly 3% in premarket trading after Raymond James upgraded the stock to strong buy from market perform. The Wall Street firm said the company has
When a property owner and a developer (or investor) enter into a long-term ground lease, the tenant and its lenders will insist that the property owner cannot easily terminate the ground lease for default. The tenant will have extensive rights to “cure” its defaults. If the tenant doesn’t cure, then the tenant’s lender has additional
In this article TRU Follow your favorite stocksCREATE FREE ACCOUNT After years of cheap money, it’s suddenly a lot more expensive to borrow. The Federal Reserve has raised its benchmark short-term rate 3 percentage points since March in an effort to curb unrelenting inflation, including another big hike earlier this week. “Interest rates are going up at the
The Puerto Rico Electric Power Authority mediation team called for simultaneous mediation, litigation and plan of adjustment creation. In response to Judge Laura Taylor Swain’s request for input, the mediators Shelley Chapman, Robert Drain and Brendan Shannon filed two documents with their proposals Thursday. Swain ordered mediation in the PREPA bankruptcy in late March to
Walk the walk, not talk the talk on fighting climate change and supporting environmental, social and governance goals, New York City Comptroller Brad Lander told BlackRock CEO Larry Fink on Thursday. Voicing concern that BlackRock Inc.’s investment actions don’t match up with its ESG policy commitments, Lander sent a letter to the company requesting immediate