Municipal bonds were slightly weaker Friday inside 10 years, but trading was light and munis still outperformed U.S. Treasuries, which weakened further on the day from Wednesday’s large sell-off. Investors put nearly $2 billion into municipal bond mutual funds for the most recent week with high-yield reversing a downward course to hit $1.2 billion following
In early March 2020, Pfizer’s chief scientific officer was summoned to the White House to discuss the disease that was sweeping across the world. Mikael Dolsten did not talk about the vaccine that would later bring the company fame and enormous wealth: instead, in those early days, he described how the drugmaker was working on
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, October 19, 2021. Brendan McDermid | Reuters The market, regardless of which index we use – S&P 500, Dow or Nasdaq – keeps climbing and making new highs. With that type of trajectory, we might assume that there are
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 13, 2021. Brendan McDermid | Reuters Consumers are in the spotlight in the week ahead, with the imminent release of retail sales for October and earnings from major chain stores. Retail sales is the big economic report
A premier plot on the iconic Palm Jumeirah in Dubai has sold for a record-breaking AED 70 million or about US $19 million – signaling a solid finish to an already strong year for the luxury real estate brokerage Driven Properties. “Luxury real estate was always in high demand in Dubai, but this year it
CHUNYIP WONG | iStock | Getty Images As the struggles for renters continue, at least eight states and more than 20 cities have policies in place to keep families protected from eviction. Even as the country pulls out of the pandemic, more than 15% of adult renters still report being behind, with as many as
Two Zacks #1 Ranked, Strong Buy, Specialty Retailers in Focus.
Two sets of teachers’ unions and a judiciary association filed separate challenges to a Puerto Rico Oversight Board pension law interpretation the board has said is necessary to enact of the Plan of Adjustment. The teachers’ unions filed in the final hour before the 5 p.m. AST Friday deadline that Puerto Rico bankruptcy Judge Laura
Two days ago on November 10, a mystery whale transferred 20 block rewards from 2010, which saw the movement of 1,000 decade-old bitcoins worth $68 million at the time of transfer. Two days later on November 12, the miner from 2010 returned once again, in order to transfer another string of 20 block rewards from
Raising the cap on state and local tax deductions to $80,000 from $10,000 would reduce the federal income tax liability by $55.9 billion in 2021, making it less concentrated among those with the highest incomes and making it $35.3 billion cheaper for the government than repealing the SALT cap altogether. That was the takeaway from
Jes Staley exchanged 1,200 emails with Jeffrey Epstein over a four-year period with content that included unexplained terms such as “snow white”, according to people familiar with the correspondence between the former Barclays chief executive and the convicted sex offender. Staley resigned from Barclays last week after seeing preliminary conclusions of an investigation by UK
Tether (USDT) has gone from being a renegade cryptocurrency to becoming the industry’s primary crutch during the last seven years, according to a new report. Essentially, USDT is a bridge between traditional currencies like the U.S. dollar and decentralized digital currencies operating on open blockchain networks. Independent crypto outlet Protos provided an in-depth insight into the most
A view from a petrol station shows gas prices over $4, in Arlington-Virginia, United States on October 30, 2021. Yasin Ozturk | Anadolu Agency | Getty Images Stagflation fears have plagued investors in recent months, as prices start to rise in an economy that hasn’t quite picked up pace yet. But investors can employ a
In this article RIVN BYND SOFI AFRM MQ TSLA Check out the companies making headlines before the bell: Tesla (TSLA) — Shares of Tesla got a roughly 2% boost after CEO Elon Musk sold about $5 billion worth of shares this week, according to financial filings submitted Wednesday. He still holds more than 166 million
Prestigious auction house Sotheby’s has announced it will accept Ethereum (ETH) bids in real time for its Nov. 18 auction that includes works by famed street artist Banksy. Sotheby’s claims this will be the first time an auction house has accepted crypto in real time as a standard currency for payment in an auction on
Between preparing to host family and friends for Thanksgiving and making gift lists and checking them twice, the whirlwind of activities during the busy holiday season can feel more like a blast of arctic air than a hint of festive cheer. Kitchens are put through the ultimate stress test on Thanksgiving, with every appliance and
Frederic J. Brown | AFP | Getty Images For Stacey Foley, refinancing her mortgage was a no-brainer. After paying roughly 4.25% in interest on her existing home loan, refinancing at 3.25% with limited closing costs has saved her $200 monthly. “Two hundred dollars doesn’t sound like a lot of money, but over a year it
A federal judge in Michigan signed off on a $626.25 million settlement that resolves litigation over the state’s role in the Flint water contamination crisis, closing one chapter of the debacle as legal cases proceed on other tracks against former state officials and bond underwriters. The state sold $603 million of taxable bonds in June
A registered general securities representative has agreed to pay $10,000 to settle Financial Industry Regulatory Authority charges that he violated the Municipal Securities Rulemaking Board’s fair dealing rule when he provided incorrect and misleading account reports to a customer. Antoine Nabih Souma agreed to pay the fine and be subject to a two-month suspension from
Alexander Lukashenko has threatened to cut the transit of gas and goods through Belarus to Europe if the EU imposes further sanctions on his regime over the migrant crisis on the Belarusian-Polish border. The Belarus president was responding to an announcement by Ursula von der Leyen, European Commission president, on Wednesday that the bloc would