Municipal triple-A benchmark yields rose as much as eight basis points on the short end on certain scales Thursday as U.S. Treasury yields remained elevated and equities see-sawed as more hawkish Fed speak continued. The Federal Reserve expects Omicron to fizzle in weeks, and while pandemic-related risks remain, the economy is strong and the Fed
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While U.S. Treasuries and equities sold off after release of the FOMC minutes, municipals were largely unchanged on Wednesday, pointing again to a lack of primary supply to provide yield guidance as participants sit back and watch what unfolds in broader markets. The Federal Reserve’s tone has turned more hawkish in the latest meetings, “and
CNBC’s Jim Cramer on Wednesday rolled out his four of his top stock picks for 2022, a year he believes will be led by companies that are profitable and make “tangible” goods. Appearing on CNBC’s “Halftime Report,” here’s what the “Mad Money” host had to say about his selections of Chevron, Eli Lilly, Honeywell and
In this article PFE WBA BBBY STZ CAG HELE Check out the companies making headlines before the bell: Walgreens (WBA) – The drug store operator’s shares gained 2.9% in the premarket, after beating estimates on both the top and bottom lines for its latest quarter. Walgreens earned an adjusted $1.68 per share, compared with the
We may think the California Ranch evolved organically, descended from Spanish Rancheros married to modernist design. While those are the California Ranch’s ancestors, a California native, Clifford May, invented the style. The San Diego-born May had very little training as an architect, and, after he created the pitched-roof, low-slung California Ranch house in 1932, never
FG Trade | E+ | Getty Images Even as the coronavirus continues to upend American life, most pandemic-era relief measures have dried up by now. The recent shelving of the Build Back Better Act, the massive spending bill with a number of provisions to lift up middle-class families, means the chances for new relief is
Former Goldman Sachs hedge fund manager and Real Vision CEO Raoul Pal thinks that the crypto market cap could increase 100X by the end of this decade. At the time of writing, the total market cap of the global crypto sector stands at $2.2 trillion, and Pal told podcast Bankless Brasil “there’s a reasonable chance”
WASHINGTON — The Biden administration appears close to naming a Treasury Department veteran and leading voice on fighting climate-related financial risk to the top bank-regulatory job at the Federal Reserve Board. Sarah Bloom Raskin — who was the No. 2 at Treasury and a Fed governor in the Obama administration — has emerged as the
Blockchain network interoperability is shaping up to be one of the main themes for the cryptocurrency ecosystem in 2022. New users are continuing to onboard into the growing world of crypto while both new and established projects search for the chain that will best serve the needs of their protocol and community. One project that
The U.S. Department of Transportation is floating guidance for the Infrastructure Investment and Jobs Act funding that state transportation advocates warn restricts highway capacity projects and signals a new strings-attached policy for federal programs. The Dec. 16 policy memo from Federal Highway Administration Deputy Administrator Stephanie Pollack to FWHA staff outlines goals and priorities for
Billionaire investor Warren Buffett, chairman of Berkshire Hathaway, speaks on a mobile phone during an interview in New York, U.S., on Wednesday, June 25, 2008. Bloomberg | Getty Images Warren Buffett’s out-of-character bet on Apple may end up being one of his winningest investments, making more than $120 billion on paper as the tech giant
In this article MLKN 6758.T-JP BABA NKLA PFE BYND Check out the companies making headlines before the bell: Beyond Meat (BYND) – Beyond Meat surged 9% in premarket trading on news that KFC will roll out the company’s fried chicken substitute nationwide starting Monday, following tests in a number of markets. Pfizer (PFE) – The
Airbnb CEO Brian Chesky tweeted a poll on Monday asking his roughly 400,000 followers what they wanted from the rental platform in 2022. Chesky has today revealed that the majority of respondents want to be able to pay with Bitcoin (BTC) or other popular digital currencies when renting their next house or apartment on Airbnb. Other
Florida added more newcomers in the 12 months ending July 1, 2021 than any other state but Texas. Citing estimates from the U.S. Census Bureau, FloridaPolitics.com reported the Sunshine State added 211,305 residents through both migration and immigration during that one-year period. The population surge hugely benefited South Florida’s real estate industry, which profited from
Jb Reed | Bloomberg | Getty Images The economic damage from the omicron variant of the coronavirus is now expected to be less than initially thought, and that has interest rates back on their upward trajectory yet again. As a result, mortgage demand fell 2.7% to end 2021, compared with two weeks before, according to
A renowned economist who is a member of India’s Monetary Policy Committee says that a total cryptocurrency ban is difficult to implement and “would only increase illegal activities and participation in the darknet.” She believes that crypto assets should be regulated. Monetary Policy Committee Member Says a Complete Crypto Ban Is Difficult to Implement Ashima
Selling pressure picked up and municipals showed some weakness for the first time since November on Tuesday following two days of rising U.S. Treasuries, but the asset class still outperformed that market’s double-digit moves to higher yields. Triple-A benchmark yield curves saw two to three basis point cuts, the largest one-day move in either direction
Take a look at some of the biggest movers in the premarket: Foot Locker (FL) – The athletic footwear and apparel retailer dropped 3.9% in the premarket after J.P. Morgan Securities downgraded it to “underweight” from “neutral,” pointing to cost pressures and tougher competition. Under Armour (UAA) – Under Armour rose 2.5% in premarket trading
Fantom (FTM) looks poised to hit a new record high in the coming sessions after its 125% price rebound from $1.23 on Dec. 14, 2021, to $2.84 on Jan. 3, 2022 triggered a classic bullish reversal setup. Dubbed inverse head and shoulders (IH&S), the setup appears when an asset forms three troughs below a so-called
This is the time of year when we learn about the top colors of the year, which decade is making a style comeback, and whether wallpaper or stainless steel appliances are in or out right now. This trend report won’t answer any of those questions, as its focus is on macro design details that impact