Municipals were little changed to start the week, while U.S. Treasuries were slightly weaker and equities were mixed. The two-year muni-Treasury ratio was at 56%, the three-year at 57%, the five-year at 59%, the 10-year at 61% and the 30-year at 88%, according to Refinitiv MMD’s 3 p.m. ET read. ICE Data Services had the
Puerto Rico Electric Power Authority bondholders want 100% of what they are owed and the Oversight Board working on the power authority’s bankruptcy plan offers a dramatically lower repayment percentage, court filing show. In a filing late on Friday, the bondholders said even if one assumed their claim was “unsecured,” they would still have a
The biggest blank cheque company in Europe, backed by LVMH founder Bernard Arnault and former UniCredit chief Jean Pierre Mustier, is set to be wound up after failing to find a target in the financial services sector. Pegasus Europe has announced that it will cease operations and is preparing to return capital to its investors
US president Joe Biden is set to arrive in Belfast on Tuesday night to commemorate the 25th anniversary of the Good Friday Agreement as London urged the region’s biggest unionist party to end its boycott of Northern Ireland’s political institutions. Biden’s visit, which will be followed by a longer trip to the Republic of Ireland,
Bitcoin (BTC) rose to its highest level in ten months on April 10 as traders await this week’s April 12 consumer price index report to gain deeper insight into the Federal Reserve’s fight against sticky inflation. If the report shows inflation dropping, it could be the next possible catalyst that further’s BTC’s upward move. On
FTX Debtors said on April 9 that it had released a report that “identifies and discusses control failures” by Sam Bankman-Fried and his colleagues when they ran the collapsed cryptocurrency exchange. John Ray, the CEO of the FTX Debtors, said the FTX Group “was tightly controlled by a small group of individuals who falsely claimed
They are majestic and beautiful and critical to the world economy. Coral reefs, often called the “rainforests of the sea,” support roughly 25% of all known marine species. They are vital not just to sea life, but to human life. And the planet has lost half its coral reefs since the 1950s due in large
Efforts by government and automakers to encourage electric vehicle adoption will shrink motor fuel use, weaken bond coverage ratios and force a broad reconfiguring of how states pay for transportation infrastructure. That was the upshot of a report Moody’s Investors Service released April 3 after running a stress test on the $38 billion it rates
The Pentagon said it was “working around the clock” to determine the source and scale of a leak of highly classified intelligence documents that appear to contain operational data on the war in Ukraine and information from countries in Asia and the Middle East. “We’re still investigating how this happened, as well as the scope
press release PRESS RELEASE. SinVerse Studios, a trailblazing web-3 game studio, has secured a substantial seven digit investment deal led by DWF Labs to propel its platform’s growth and solidify its position as an industry leader. The partnership marks a significant milestone for SinVerse Studios, with DWF Labs providing strategic backing and support to accelerate
In this article IMAX AMC MTDR EQT TSLA SQ PXD MU EE MSFT GOOGL AAPL 2330-TW TSM NKLA NFE Follow your favorite stocksCREATE FREE ACCOUNT A general view of Micron Technology’s building in Singapore, June 23, 2020. Micron Gcm Studio | Reuters Check out the companies making headlines in midday trading Monday. Block — Shares
After the New York Times was accused of writing favorable pieces about disgraced FTX co-founder Sam Bankman-Fried and inviting him to speak at the news outlet’s Dealbook Summit, it is once again being criticized for publishing a “hit piece” about bitcoin mining. The article’s authors claim that bitcoin mining is harmful to the environment, while
Bitcoin’s (BTC) tight consolidation near its local top suggests that traders are waiting for a catalyst to start the next trending move. The consumer price data on April 12 and the producer price index data on April 13 could give insight into the Federal Reserve’s future rate hikes and shake the traders out of their
The Greater Asheville Regional Airport Authority in North Carolina has won approval to sell $175 million of transportation revenue bonds. The state Local Government Commission voted April 4 to allow the airport authority to continue to finance its expansion work at the regional airport. Most bond sales in the state must be approved by the
What is Overhead Supply? It is an area of resistance where there is more supply than you think. Example: If a stock is trading at $50 per share and has done a lot of trading at this level, eventually it will dip back down and may hit $20 per share. Many of the traders at
Dogecoin was consolidating in today’s session, following a volatile few days of trading last week. The meme coin rose by nearly 30% last Monday, before losing these gains as the week matured. Shiba inu was largely unchanged. Dogecoin (DOGE) Dogecoin (DOGE) moved marginally higher on Monday, as prices began to settle following recent volatility. Last
The volatility of 2022 caused household and U.S. bank ownership of individual bonds to fall and the overall size of the market to shrink in the final quarter of the year, the latest Fed data shows. The total market value of the muni market “increased by 2.2% in the fourth quarter of 2022, but for
Signs of slowing revenue growth popped up in Southwest states in March as a boom time for tax collections appears to be winding down. Following some record monthly collections last year, growth in 2023 is trending lower or even negative as states move to cut taxes during their current legislative sessions. Oklahoma’s total tax collections
During the onset of the pandemic, the flexibility to work remotely coupled with record-low interest rates had many home buyers toying with the idea of moving to vacation home markets as shifting priorities and preferences altered where and how people wanted to live. Vacation home sales skyrocketed during the second half of 2020 and through
Corporate America is facing its sharpest drop in profits since the early stages of the Covid pandemic, according to Wall Street forecasts, as high inflation squeezes margins and fears of an impending recession hold back demand. Companies on the S&P 500 index are expected to report a 6.8 per cent decline in first-quarter earnings compared
Rising risks of security breaches would boost spending on cybersecurity. zacks.com zacks.com/ultimate