Municipals saw small cuts to triple-A yield curves, outperforming large losses in U.S. Treasuries, while equities rebounded from two days of large losses after Fed Chair Jerome Powell told Congress a 25-basis point hike is likely this month. Triple-A yields rose one to three basis points across yield curves while UST saw yields rise 17
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In a move that may suggest growing institutional interest in cryptocurrencies and NFTs, Nomura Holdings has announced it is establishing a new digital assets team to look into possible opportunities in the asset class. The wealth management company said that it was restructuring its Future Innovation Company into a brand new Digital Company, which will begin
Oppenheimer & Co. launched a municipal restructuring group Wednesday in response to a rise in high-yield municipal bond defaults as more transactions show impairments. The 18-member group will be headed by Eric Scroggins, co-head of debt advisory and restructuring, and Bill Reisner, head of public finance investment banking. Depending on the deal, the group can
A crane loads a shipping container branded A.P. Moller-Maersk onto a freight ship. Balint Porneczi | Bloomberg | Getty Images Maersk, one of the world’s largest shipping container firms, said on Monday that it may suspend all deliveries to and from Russia in light of sanctions against the Kremlin following its invasion of Ukraine. The
Federal Reserve Chairman Jerome Powell testifies during the House Financial Services Committee hearing titled Oversight of the Treasury Department’s and Federal Reserve’s Pandemic Response, in Rayburn Building on Wednesday, December 1, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images If you want to see how tough it is to be Federal Reserve Chair
In this article DKNG FSLR F CRM JWN Pedestrians walk past a Nordstrom Inc. store. Ben Nelms | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Nordstrom — Shares of the department store rallied a whopping 39% after the company reported better-than-expected profits and sales for the holiday quarter. The
Investing in commercial real estate or vacation rental properties can be a consistent source of passive income and returns, not to mention growth and the potential liquidity you don’t get with owning your home. Yet the price of entry is often prohibitive to all but those who already have wealth. This was the puzzle Drew
A house’s real estate for sale sign shows an upcoming open house in Washington, DC. Saul Loeb | AFP | Getty Images Mortgage demand stalled last week, as interest rates hit a multiyear high, but that will likely change quickly. Rates are now falling fast due to the Russian invasion of Ukraine. Mortgage application volume
State and local officials defended their use of stimulus funds against Republican claims that the money has done more to stimulate inflation than the economy during a House oversight hearing on Tuesday. “Roughly one year into the pandemic, the American Rescue Plan injected a burst of resources into the national economy at a critical time,”
2021 was a roller coaster of a year for THORChain (RUNE) that saw its price top out at $20.31 only to come crashing down below $4 as a series of hacks and declining interest in decentralized finance had the token limping into 2022. Data suggests that investors could be taking a closer look at Rune
Spacex has managed to deliver Starlink equipment to Ukraine as promised by its founder, Elon Musk. The hardware will provide access to high-speed internet for users in the country, which has been experiencing disruptions in communications as a result of Russia’s military invasion. Ukrainians Get Starlink Internet Amid Ongoing Russian Offensive Ukraine has received a
Municipals improved on Tuesday as the U.S. Treasury flight-to-safety bid continued and equities sold off on the escalating turmoil in the Ukraine. Municipal yields fell three to six basis points across triple-A yield curves while five- and 10-year USTs saw yields fall 14 and 11 basis points, respectively. Municipal to UST ratios rose as a
In this article JPM JP Morgan CEO Jamie Dimon gives a speech during the inauguration of the new French headquarters of US’ JP Morgan bank on June 29, 2021 in Paris. Michel Euler| AFP | Getty Images JPMorgan Chase is preparing to go all-in on private companies. For the past year, the bank has been
In this article TGT APA WFC FL KR LCID A shopping cart is seen in a Target store in the Brooklyn borough of New York, U.S., November 14, 2017. Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Target – Shares of the retailer jumped 11% after the company reported 9% sales
Development never stops in the blockchain sector and projects that continuously evolve are the ones that stay at the forefront and survive over the long-term. One project attempting to stay on top of the innovation wave is Waves, a multi-purpose blockchain protocol designed to support a variety of use cases, including decentralized applications and smart
The role of the built environment in addressing climate change is clear as buildings account for almost 40% of global carbon emissions according to the World Green Building Council. There has never been a greater commitment to reducing carbon emissions, with over 4,400 corporations and 220 investors signing up for the United Nation’s Race to
A home is offered for sale by owner on January 20, 2022 in Chicago, Illinois. Scott Olson | Getty Images Mortgage rates are sinking as markets contend with the ramifications of Russia’s attack on Ukraine, and that means home prices are likely to continue surging. The average rate on the popular 30-year fixed mortgage had
Municipals were flat to firmer in spots, underperforming the U.S. Treasury flight-to-safety rally while stocks ended mixed after much larger losses throughout the day in dramatic swings on continued war in Ukraine. Triple-A benchmarks were little changed to bumped by a basis point or two while UST rallied 10 to 15 basis points with the
If Russian hackers target the U.S. as retribution for economic sanctions prompted by its invasion of Ukraine, it could mean more harmful and longer-term cyberattacks than the public sector has experienced previously. “We remain concerned about the potential for cyberattacks on U.S. public finance related targets such as utilities, infrastructure and state and local governments,”
The central processing plant for oil and gas in Salym, Russia, Feb. 4, 2014. Salym Petroleum Development is a venture between Shell and Gazprom Neft. Andrey Rudakov | Bloomberg | Getty Images Shell said Monday it is ending an “equity partnership” with Gazprom, a Russian state-owned energy company, as the Russia-Ukraine conflict continues. Shell said