Municipals greatly outperformed a large selloff in U.S. Treasuries Tuesday with yields rising to multi-year highs in the global safety benchmark curve following Federal Reserve officials’ hawkish remarks about shrinking its balance sheet and a likely 50 basis point interest rate increase as soon as May. Equities end in the red. Munis lagged, as they
The institutional adoption of cryptocurrencies has been gaining momentum over the past couple of years due to venture capitalists and money managers looking to the crypto market as the next investment class that will offer the greatest return. The Boba Network (BOBA) is the most recent protocol to benefit from institutional interest and the long
Take a look at some of the biggest movers in the premarket: Carvana (CVNA) – Carvana was downgraded to “sector perform” from “outperform” at RBC Capital Markets, with the price target for the online car seller’s stock cut to $138 per share from $155 per share. RBC bases its call both on valuation and potential
If you’ve ever bought or sold real estate, you’ve probably heard of contingencies. In the most basic terms, a contingency is a specific requirement that must be met in order to make a real estate contract final. The most common reason a buyer or seller requests a contingency is for their own protection—to ensure that
The average rate on the popular 30-year fixed mortgage just crossed 5%, now standing at 5.02%, according to Mortgage News Daily. This is the first time it has crossed that threshold since 2011, save two days in 2018. It stood at 3.38% one year ago today. Mortgage rates, which follow loosely the yield on the
It all started with a tweet by Dennis Porter, podcast host and self-described Bitcoin advocate, that led to a heady discussion about renewable energy and the role of Bitcoin miners. Porter asserted that Bitcoin (BTC) creates incentives to build out renewables, but environmental scientist Peter Gleick rebuffed the statement as a “self-serving lie.” The comments
The Metropolitan Pier and Exposition Authority’s tourism-related taxes — which took a pandemic-driven beating — have generated enough revenue to meet this year’s scaled-down debt service but challenges loom as debt service ramps up. The agency last year restructured debt service coming due in fiscal 2022, providing some breathing room by lowering the overall tab
Learn more about trading options and what is an iron condor. When you’re trading options, this is one of the spreads you can trade. I want to explain what is an iron condor and how to set up an iron condor. #ironcondor #optionstrategy #setupironcondor #optionspreads #tradingstrategy Posted at: https://tradersfly.com/blog/how-to-setup-an-iron-condor/ ???? Newsletter & Announcements : https://tradersfly.com/go/tube/
Another “gap that traps” is tripping the switches for more downside in big tech.
Municipals were steady to firmer in spots Monday, while U.S. Treasuries strengthened inside five years but key parts of the curve remained inverted while equities ended in the black. Triple-A municipal yield curves were relatively stable, while the two-, three-, five- and seven-year UST were still sitting above the 10- and 30-year. More activity surfaced
In this article TSLA TWTR Elon Musk speaks during a press conference at SpaceX’s Starbase facility near Boca Chica Village in South Texas on February 10, 2022. Jim Watson | AFP | Getty Images Outspoken Tesla CEO Elon Musk purchased a giant stake in Twitter that makes him the largest outside shareholder in the social media stock, not long
In this article TSLA WFC HTZ LOG.N-CH CTRN Andrew Burton | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Twitter — The social media company soared 26.6% after a filing revealed that Elon Musk has taken a 9.2% passive stake in the firm, worth about $2.9 billion. The
Bitcoin (BTC) has been stuck between $45,400 and $47,500 for the past two days, indicating a tough tussle between the buyers and sellers as both attempt to establish control over the trend. Data from on-chain analytics firm Glassnode showed that 100,000 Bitcoin left exchanges in March. These large quantities of withdrawals have only happened twice
Air fryers have been a top wellness design trend for more than a year, and are likely to inspire new countertop appliance sales for Mother’s Day soon. Air frying capability has also been built into ranges, ovens and microwaves. One manufacturer even sent the capability as an upgrade to existing owners. Other companies followed suit,
Real estate accounts for an estimated 40% of global greenhouse gas emissions, with 12% of that in the United States alone, according to the EPA. Buildings mostly operate on fossil fuels, and their surfaces leak a lot of air, releasing cooling and heating out into the atmosphere. Add the construction industry to that and the
The U.K. government has unveiled a detailed plan to make the country a global crypto hub and “a hospitable place for crypto.” The plan includes establishing a dynamic regulatory framework for crypto, regulating stablecoins, and working with the Royal Mint to create a non-fungible token (NFT) to be issued by the Summer. U.K. Wants to
The Texas municipal bond market is still trying to sort out new state laws that apply litmus tests for banks and others seeking contracts with governmental entities amid expectations that more restrictions tied to corporate policy decisions are coming, according to speakers at last week’s Bond Buyer Texas Public Finance Conference. The Republican-controlled legislature last
In today’s episode, I’m going to share with you the pros and cons of penny stocks. Penny stocks are hugely attractive, and they are great for certain types of traders. But they’re horrible for other types of traders. In this episode, we’ll cover the advantages and disadvantages of penny stocks, so that way you can
Gold is now close to its six year high.. Here is what investors need to know. SPDR Gold Shares: https://www.zacks.com/funds/etf/GLD/profile?cid=CS-YOUTUBE-FT-VID IShares Gold Trust: https://www.zacks.com/funds/etf/IAU/profile?cid=CS-YOUTUBE-FT-VID GraniteShares Gold Trust: https://www.zacks.com/funds/etf/BAR/profile?cid=CS-YOUTUBE-FT-VID Aberdeen Standard Physical Swiss Gold Shares ETF: https://www.zacks.com/funds/etf/SGOL/profile?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: http://stocktwits.com/ZacksResearch Follow us on Twitter: https://twitter.com/ZacksResearch Like us on Facebook: https://www.facebook.com/ZacksInvestmentResearch
Puerto Rico bankruptcy Judge Laura Taylor Swain designated the mediators and named the participants in the debt resolution process for the Puerto Rico Electric Power Authority but excluded the legislature from the list of participants. On Friday morning she named U.S. Bankruptcy Judge for the Southern District of New York Shelley Chapman to lead the