The tax-exempt market languished through a quiet summer Friday as municipals finished unchanged for the sixth straight trading session. IHS Ipreo estimates supply for the upcoming week at $7.04 billion. The week’s supply is composed of $5.36 billion of negotiated deals and $1.68 billion of competitive sales. Breaking it down, Refinitiv MMD calculated the tax-exempt
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Jeff Bezos, owner of Blue Origin, introduces a new lunar landing module called Blue Moon during an event at the Washington Convention Center, May 9, 2019 in Washington, DC. Mark Wilson | Getty Images Jeff Bezos flew to space late last month, but his company has lost top talent since the billionaire space founder came
Esther George, John Williams and Jerome Powell, at Jackson Hole, Wyoming, August 24, 2018. David A. Grogan | CNBC The Federal Reserve’s efforts to reverse its easy policy will be a dominant theme for markets in the week ahead, as central bankers gather in Jackson Hole, Wyo. The central bankers may even look relaxed against
Layer-one blockchain networks like Bitcoin (BTC) and Ethereum (ETH) form the foundation of the cryptocurrency ecosystem and enable smart contract functionality that has allowed the creation of new industries like decentralized finance (DeFi) and nonfungible tokens (NFT). Avalanche (AVAX) is a relatively new layer-one solution that has recently seen a significant increase in price and
San Diego’s demographics continue to skew younger, as more and more life sciences, technology and telecommunication companies are choosing to locate in San Diego and expand operations. Qualcomm, the multinational telecom and semiconductor manufacturer headquartered in San Diego, employs a force of young well-paid engineers and computer science grads with advanced degrees. The University of
In this article 3333-HK A banner promoting the Emerald Bay residential project outside the China Evergrande Centre in the Wan Chai area of Hong Kong, China, on Friday, July 23, 2021. Lam Yik | Bloomberg | Getty Images BEIJING — Chinese authorities called for indebted property giant Evergrande to resolve its debt risks during a
The Federal Reserve Bank of Kansas City’s annual Jackson Hole gathering, which was due to be held in person Aug. 26-28, is now shifting to a virtual format, the bank announced Friday. The regional Fed bank said it was making the move “due to the recently elevated COVID-19 health risk level in Teton County, Wyoming.”
Joe Biden pledged to evacuate every American trying to leave Afghanistan and insisted the botched US airlift was making “significant progress”, dismissing suggestions his administration had ignored warnings the Taliban would conquer Kabul at lightning speed. “This is one of the largest, most difficult airlifts in history,” said Biden in a televised address to the
Support and Resistance are the building blocks needed in order to read chart patterns properly and to trade effectively. Support: -A psychological level where people believe the demand is strong enough to hold the stock price up -This is similar to a price floor, but it isn’t government-controlled -A healthy support line hits multiple points
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Jake Klein, CEO of Australian gold mining establishment Evolution Mining, has said that crypto price volatility will make gold a far more attractive proposition. Speaking to CNBC on Thursday, Klein argued that Bitcoin (BTC) is still ways away from offering the longstanding security associated with gold from a hedge investment perspective, despite Bitcoin’s returns outsizing
Puerto Rico’s government is taking steps toward increasing the island’s minimum wage, which could ultimately affect more than half of the work force. On Wednesday the Puerto Rico House of Representatives voted 29 in favor, nine against for a bill to raise the minimum wage, based on a compromise with the leaders of the Puerto
A pedestrian passes in front of a Charles Schwab Corp. bank branch in downtown Chicago, Illinois. Christopher Dilts | Bloomberg | Getty Images Brokerage Charles Schwab is giving most of its employees a special 5% pay raise as record stock market levels propel the industry’s earnings. CEO Walt Bettinger said Thursday in a press release
A trader works at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 19, 2021. Andrew Kelly | Reuters The markets: it’s August, but it’s also covid. Normal August trading flows are being greatly complicated by the delta variant. A third but still important complication: increasingly authoritarian action in China is
In this article ROST AMAT SPOT BKE FL DE Check out the companies making headlines before the bell: Deere (DE) – The heavy equipment maker reported quarterly earnings of $5.32 per share, compared with a consensus estimate of $4.58, and its revenue beat forecasts as well. Deere was up 1.1% in premarket trading as it
Bitcoin (BTC) abruptly exited lower levels to challenge firm resistance on Aug. 20 in further inspiration for bulls. Bitcoin coils up beneath major sell wall Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local highs of $47,415 on Bitstamp overnight on Thursday. The pair had received a welcome boost from news of a Bitcoin
Vered Schwarz is the President and COO of Guesty, an end-to-end property management software for short-term rentals. In just a year and a half, the entire travel landscape has forever changed and is adapting to new consumer demands, travel habits and shifting behaviors toward work-life balance and flexible, hybrid working arrangements. In nearly every region across
Investments in farmland are growing across the country as people, including the ultra-wealthy like Bill Gates, look for new ways to grow their money. In 2020, Gates made headlines for becoming the largest private farmland owner in the U.S. He had accumulated more than 269,000 acres of farmland across 18 states in less than a
Municipals remained steady on an otherwise lackluster Thursday as the New York Liberty Development Corp. came to market with $1.22 billion of green bonds. Thursday saw the pricing of the last of the week’s large deals and a typical slow summer Friday lies ahead. A New York underwriter said the secondary continued to trade sideways
The US Federal Trade Commission has refiled its antitrust complaint against Facebook, doubling down on its accusations that the social media group maintains monopoly power and uses a “buy or bury” strategy to neutralise competitors. Initially filed in December, the original lawsuit accused Facebook of conducting a “years-long course of anti-competitive conduct”, as it sought