Municipals were stronger Tuesday as U.S. Treasuries rallied and stocks sold off on Omicron variant concerns and Federal Reserve Chairman Jerome Powell’s comments on speeding up tapering the Fed’s bond buying sooner than originally expected. It is appropriate to “consider ramping up tapering” and it will be discussed at the next FOMC meeting, when more
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Jay Powell signalled his support for a quicker withdrawal of the Federal Reserve’s massive asset purchase programme, in comments that raised the spectre of earlier interest rate rises next year and exacerbated a stock market sell-off. Powell’s testimony at a congressional hearing roiled markets, which were already under pressure after the chief executive of Moderna
Global financial market took a hit on Nov. 30 after comments from U.S. Federal Reserve Chair Jerome Powell hinted that inflation and the Omicron Covid-19 variant are growing threats and that the bank’s easy money policies could end sooner than anticipated. Prior to Powell’s comments, Bitcoin (BTC) had been on the rise and the digital
Shiba Inu (SHIB), a Dogecoin-inspired meme cryptocurrency, emerged as one of the best performers across traditional and crypto markets entering the new weekly session as its price climbed by over 30% week-to-date. SHIB’s price reached $0.00005155 Tuesday after bouncing from its technical support near $0.00003560 at the beginning of this week. Its rebound signaled a
The House is expected to unveil as soon Tuesday a measure to extend government funding into early 2022 as current funding is set to expire Friday. Treasury Secretary Janet Yellen separately has warned the U.S. may hit its debt ceiling as soon as Dec. 15, putting pressure on lawmakers to raise or suspending the ceiling
Charging Bull Statue is seen at the Financial District as snowfall in New York City, United States on December 16, 2020. Tayfun Coskun | Anadolu Agency | Getty Images Investors are about to be besieged with financial soothsayers predicting returns for 2022. My guess is after the more than 16% in annualized gains from
In this article TSLA MRK TWTR Twitter CEO and co-founder Jack Dorsey gestures while interacting with students at the Indian Institute of Technology (IIT) in New Delhi on November 12, 2018. Prakash Singh | AFP | Getty Images Check out the companies making headlines in midday trading Monday: Moderna — Moderna shares surged more than
Bitcoin (BTC) returned to cement higher support on Nov. 30 after the latest BTC price comeback halted near $59,000. RSI sees “bullish engulfing” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing to local lows of $55,920 on Bitstamp overnight. The pair then recovered to circle $56,500 at the time of writing, with analysts keeping
Professional dancer and host of HGTV’s Design Star: Next Gen Allison Holker-Boss is having an incredible holiday season. Not only is she taking some well-deserved time with her family, but her home is cozier and more fabulous than ever thanks to a partnership with Pottery Barn. After recently transforming her living room and documenting it
In this article AMZN CBRE PLD JLL FDX UPS XPO For every Cyber Monday purchase, there is a warehouse employee packing up those soon-to-be presents. The big online shopping holiday comes amid a warehouse shortage across the United States as distribution center vacancy rates are at all-time lows. Nearly 96% of existing industrial space is
Municipals were little changed Monday while U.S. Treasuries pared back some of Friday’s gains and equities rebounded as markets generally calmed after initial Omicron fears were digested. Economists don’t appear to be too concerned about the latest COVID-19 variant. “Even if Omicron causes another pandemic wave, it is more likely to slow rather than interrupt
The global risk from the new Omicron coronavirus variant is “very high”, the World Health Organization warned, as Japan moved to ban foreign visitors in an attempt to limit the spread of the heavily mutated strain. Outlining its preliminary findings on the strain first detected in southern Africa, the health body warned of its potentially
This month, the price of bitcoin sank below the $60K zone this month after reaching an all-time high (ATH) at $69K per unit. The pseudonymous bitcoin analyst and the creator of the bitcoin price model called stock-to-flow (S2F), Plan B, called the last three months of bitcoin prices correctly but the analyst’s “worst-case scenario” forecast
Salesforce signage outside office building in New York. Scott Mlyn | CNBC With markets up big year-to-date, bulls and bears seem to have completely diverged in their hypotheses on the upcoming end of the fiscal year. Some see a potential for a dot com bubble-esq surge, and others only expect a pullback. However, it is of
In this article MSFT RCL DAL ZM A Delta airlines aircraft landing from Los Angeles at Kingsford Smith International airport on October 31, 2021 in Sydney, Australia. James D. Morgan | Getty Images Check out the companies making headlines before the bell Friday: Travel and leisure stocks – Airline stocks are getting hit hard in
Bitcoin (BTC) and most major altcoins have been struggling to recover from the sharp fall seen on Nov. 26. This indicates that traders may be nervous to buy at current levels due to the uncertainty regarding the new heavily-mutated coronavirus strain detected in South Africa. According to a CryptoCompare report, Bitcoin’s assets under management decreased
Down through the eons, the architecture profession has justifiably won numberless plaudits for breakthrough designs and head-turning skylines. But many within the industry believe too little emphasis has been placed on business growth. It wasn’t until October 1972 that U.S. architects were permitted to submit competitive bids and advertise. Architects in the UK were hamstrung
Zephyr18 | iStock | Getty Images During the pandemic, rents across the country dropped – but they’re quickly bouncing back. That means many tenants, especially those who nabbed a place at a discounted rate in the last year or two, will be in store for an unpleasant surprise come lease renewal time. “Unfortunately, many renters
REITs are benefitting from rotation into defensive areas of the market and change in rate outlook. Vanguard Real Estate ETF: https://www.zacks.com/funds/etf/VNQ/profile?cid=CS-YOUTUBE-FT-VID Schwab U.S. REIT ETF: https://www.zacks.com/funds/etf/SCHH/profile?cid=CS-YOUTUBE-FT-VID Real Estate Select Sector SPDR Fund: https://www.zacks.com/funds/etf/XLRE/profile?cid=CS-YOUTUBE-FT-VID SPDR S&P 500 ETF: https://www.zacks.com/funds/etf/SPY/profile?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: stocktwits.com/ZacksResearch Follow us on Twitter: twitter.com/ZacksResearch Like us on Facebook: www.facebook.com/ZacksInvestmentResearch
New cases of the Omicron coronavirus variant continued to be detected around the world on Sunday, as nations tried to delay a surge in infections by restricting travel and imposing new quarantine measures. Omicron first emerged earlier this month in southern Africa. The World Health Organization designated it a “variant of concern” on Friday, saying