Municipals were steady to firmer on the short end Thursday, while U.S. Treasuries were also little changed and equities rallied. After an impressive rally that began at the end of May leading to the first month of positive returns for the asset class, investors took the positive signals and poured cash into municipal bond mutual
Chase Coleman, founder of Tiger Global Management LLC Amanda L. Gordon | Bloomberg | Getty Images Chase Coleman’s Tiger Global Management suffered huge losses in May amid a tech-driven sell-off, making the hedge fund’s tough 2022 even worse. The growth-focused flagship fund at Tiger Global tumbled 14.3% in May, bringing its 2022 losses to over
People line up to enter a store during Black Friday shopping at Fashion Outlets of Chicago in Rosemont of Greater Chicago Area, Illinois, the United States, on Nov. 26, 2021. Joel Lerner | Xinhua News Agency | Getty Images Check out the companies making headlines in extended trading. Lululemon Athletica — Shares of the athleisure
Ether’s (ETH) market structure continues to be bearish despite the failed attempt to break the descending channel resistance at $2,000 on May 31. This three-week-long price formation could mean that an eventual retest of the $1,700 support is underway. On the non-crypto side, a number of equities-related factors are translating to negative sentiment in the
Is social media still worth the investment? In the world of ultra-luxury real estate, the answer is a resounding yes, according to top agents around the world. With an estimated 3.96 billion (and growing) globally, social media has changed how we interact with one another. This is especially true in a field such as real
A single family home is shown for sale in Encinitas, California. Mike Blake | Reuters Mortgage demand slipped to the lowest level since December 2018, even after rates declined slightly last week. Applications for a mortgage to purchase a home fell 1% last week compared with the previous week, according to the Mortgage Bankers Association’s
New York Attorney General Letitia James has issued a warning about investing in cryptocurrency. She said the crypto market is “extremely unpredictable” and “unstable,” noting that the market “reached record lows” last month. NY Attorney General Warns About Cryptocurrency New York Attorney General Letitia James issued a warning about investing in cryptocurrencies Thursday. The official
The Municipal Securities Rulemaking Board has filed a proposal with the Securities and Exchange Commission to change its fee structure to account for prior year results, a move aimed at ensuring the board maintains sufficient operating revenue and avoids collecting excess cash reserves. The new fee structure will establish a new Annual Rate Card Process
Opec and its allies on Thursday agreed to accelerate oil production in July and August, as the cartel’s linchpin Saudi Arabia bowed to US pressure to cool a crude price rally that has threatened to stall the global economy. The cartel said it would increase output by almost 650,000 barrels a day in both months,
Municipals were better Wednesday as the smaller primary kicked into gear, while U.S. Treasuries sold off on the front end of the curve and equities ended in the red. Pressure on UST and volatility in equities hit after stronger economic data and continued hawkish Fed speak. “Stocks turned negative as expectations grew that the Fed
Stablecoin projects have been thrust into the limelight over the past month as the popularity of algorithmic stablecoins and the collapse of the Terra project put a spotlight on the important role dollar-pegged assets play in the crypto market. In response to the void left by UST, multiple protocols have released new stablecoin projects in
In this article MS Countries like the U.S. and U.K. are grappling with inflation that has risen to multi-year highs as the Ukraine war has caused energy prices to spike and food prices to rise. Angela Weiss | AFP | Getty Images Talk of a recession is heating up, with Wall Street veterans flagging the
In this article MDB CHWY HPE A dog sits in front of the New York Stock Exchange (NYSE) during Chewy Inc.’s initial public offering (IPO) in New York, U.S., on Friday, June 14, 2019. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Chewy — The pet retailer’s
Bitcoin (BTC) and the wider cryptocurrency market are taking a breather after the rally on May 31. Meanwhile, most altcoins remain severely oversold, with most between 70% and 90% below their all-time highs. What is clear is that fear is everywhere and blood is in the water. Risk-on markets are suffering worldwide, but it is
With America’s infrastructure challenges and acute housing shortage demanding solutions, is it possible standardization may provide a few of the answers? Some leading design industry observers believe so. They are convinced standardization and repeatability when combined with the ability to produce all kinds of buildings and taken to warp speed just might be game changers.
A “For Sale” sign outside a house in Crockett, California, on Tuesday, May 31, 2022. David Paul Morris | Bloomberg | Getty Images Mortgage rates rose sharply this week, after pulling back over the last three weeks. The 30-year fixed hit 5.36% Monday and then moved higher again Tuesday to 5.47%, according to Mortgage News
Sacramento-based Sutter Health received an improved outlook to stable from negative by Moody’s Investors Service, reflecting expectations that the health system’s improved financial position will continue. The outlook revision affects $4.5 billion in debt. “The affirmation of the A1 rating and the revision of the outlook reflect our expectation that recent operating improvements will be
JPMorgan Chase chief executive Jamie Dimon on Wednesday warned investors to brace themselves for an economic “hurricane” as the war in Ukraine and policy tightening by the Federal Reserve roil markets. Dimon struck a gloomier tone on the economic outlook than in remarks he made just last week during JPMorgan’s first investor day in two
State budget negotiations in New Jersey are getting the benefit of tax revenue hauls in March and April that far outpaced expectations. Signs of robust economic recovery in New Jersey added an additional $4.5 billion in revenue to the state’s fiscal 2022 estimates, according to Gov. Phil Murphy’s office. “The rapid revenue recovery last year,
In this article VSCO AMBA HPQ CRM Salesforce Noam Galai | Getty Images Here are the stocks making notable moves in extended trading on Tuesday. Salesforce — Shares of the software giant rose 6% after Salesforce issued stronger-than-expected first-quarter results. The company reported 98 cents in adjusted earnings per share on $7.41 billion of revenue.