The United States Consumer Price Index (CPI) increased 8.2% annually in September, beating economists’ expectations of an 8.1% rise. The CPI print lived up to its hype and caused a sharp, but short-term increase in volatile risk assets. The S&P 500 oscillated inside its widest trading range since 2020 and Bitcoin (BTC) also witnessed a
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Bancroft Capital is beefing up its Dallas-based municipal bond team with the hiring of two individuals with extensive market experience. The certified service-disabled veteran-owned small business, which specializes in institutional brokerage and capital markets services, announced the addition of Alix Cethoute as director of municipal underwriting and Jack Logan as director of municipal sales. “Not
Liz Truss sacked her chancellor Kwasi Kwarteng and shredded her economic strategy on Friday, but her effort to salvage her premiership failed to win over financial markets and left Conservative MPs in a state of mutiny. In a Downing Street press conference lasting less than 10 minutes, Truss named Jeremy Hunt, former foreign secretary, as
In this article WFC DAL BYND PNC HHC Follow your favorite stocksCREATE FREE ACCOUNT Delta Airlines passenger jets are pictured outside the newly completed 1.3 million-square foot $4 billion Delta Airlines Terminal C at LaGuardia Airport in New York, June 1, 2022. Mike Segar | Reuters Check out the companies making headlines in midday trading
This week, Bitcoin’s (BTC) price took a tumble as a hotter-than-expected consumer price index (CPI) report showed high inflation remains a persistent challenge despite a wave of interest rate hikes from the United States Federal Reserve. Interestingly, the market’s negative reaction to a high CPI print seemed priced in by investors, and BTC’s and Ether’s
Home fragrances might be invisible but in terms of setting the ambiance for a space, there’s nothing that can make a bigger impact. After all, there is something very luxurious about walking into a home filled with curated scents. But knowing the right fragrances to choose and how to combine them takes knowledge and a
In this video we explain what a reversal is and show you five different classic price patterns to look out for that may signal a reversal. Test and practice your investment strategies in real market conditions with virtual money. Learn to trade and invest for free. – https://www.trading212.com/en/Practice-for-Free-GBP Download the free native mobile apps now:
The tax-exempt market has been relatively slow to jump on the environmental, social and governance (ESG) bandwagon as market participants continue to search for a standard analytical approach. So far, the institutional buy-side has been leading the charge into sustainable investing, leaving bond underwriters and issuers scratching their heads as to how to best respond.
Bankruptcy Judge Laura Taylor Swain approved the Plan of Adjustment for the Puerto Rico Highway and Transportation Authority, reducing its debts by 80% and saving it more than $3 billion in debt service payments. Swain approved the HTA debt plan on Tuesday in the U.S. District Court for the District of Puerto Rico. Swain overruled any prior
UK chancellor Kwasi Kwarteng has left Washington early to address the country’s economic crisis as Prime Minister Liz Truss prepares to rip up the government’s “mini” Budget in a desperate attempt to rebuild market confidence and save her embryonic premiership. Kwarteng, who was attending IMF meetings in the US, dashed to the airport on Thursday
In this article DAL DWAC Follow your favorite stocksCREATE FREE ACCOUNT Revlon signage is seen on display in a Boots store in London, Britain, June 16, 2022. Hannah McKay | Reuters Check out the companies making headlines in midday trading. Digital World Acquisition — The company planning to take Donald Trump’s media company Truth Social
Few things are more quintessentially, uniquely American than Minor League Baseball. Played out in small and not-so-small cities from Portland, Me. to San Bernardino by teams both affiliated and unaffiliated with Major League Baseball, the summer game on the minor league level proves an affordable, entertaining night out. As a bonus, it’s a coalescing force
Crypto prices are falling again on Oct. 13 after Bitcoin (BTC) price dipped to a three-week low at $18,200, but what is behind the fresh wave of selling? The most likely culprit on the day is a hotter-than-expected consumer price index (CPI) report that showed consumer prices rising by 0.4% in September. Compared to a
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Moody’s Investors Service raised its outlook on Ohio’s Aa1 rating to positive, citing the state’s strides in branching out into new economic arenas that could bolster lagging growth and weak demographic trends. Tuesday’s action came one month after Fitch Ratings lifted the state’s rating to AAA and on the same day Gov. Mike DeWine announced
Municipals were firmer in secondary trading Wednesday as the largest deal of the week, a $700 million offering from the New Jersey Turnpike Authority, took focus in the primary. U.S. Treasuries made gains and equities ended mixed after the Federal Open Market Committee minutes signaled continued tightening. “The Fed Minutes showed tightening will continue even
The Bank of England battled a renewed sell-off in UK government bonds on Wednesday after its vow to end its emergency gilt-buying programme unsettled markets already unnerved by the fiscal plans of prime minister Liz Truss. The central bank bought £4.4bn of gilts from investors, its biggest intervention since it entered the market last month
Traders work on the floor of the New York Stock Exchange (NYSE) on October 07, 2022 in New York City. Spencer Platt | Getty Images (Click here to subscribe to the Delivering Alpha newsletter.) Cash, one of the most hated corners of the market for years, is getting some newfound love from money managers as the Federal
In this article DCT DWAC Follow your favorite stocksCREATE FREE ACCOUNT The social media app will be developed by Trump Media and Technology Group (TMTG). Rafael Henrique | LightRocket | Getty Images Check out the companies making headlines in after-hours trading. Digital World — The company aiming to take public Truth Social, Donald Trump’s media
Amid mounting evidence that the rapid rise in home prices is over, investors in rental property will have more options over the next few years as sellers outnumber buyers and prices deflate – slowly in most markets but very rapidly in others. As has ALWAYS happened in the past, home prices and rents will eventually