New-money volume growth nearly tripled that of refunding volume in April, as issuers refunded less and played catch-up, issuing new paper in a better credit environment spurred by federal aid. Municipal issuance increased 6.2% in April year-over-year, starting the second quarter with $33.65 billion across 940 transactions, up from the $31.69 billion in 919 deals
admin
Warren Buffett (L), CEO of Berkshire Hathaway, and Vice Chairman Charlie Munger attend the 2019 annual shareholders meeting in Omaha, Nebraska, May 3, 2019. Johannes Eisele | AFP | Getty Images Warren Buffett will kick off Berkshire Hathaway‘s annual shareholder meeting this Saturday riding high, with shares of the conglomerate at a record and its
Traders on the floor of the New York Stock Exchange. Source: NYSE April’s jobs report and a barrage of earnings news make for another busy week for markets, as the calendar rolls into May. Stocks notched solid gains in April, as REITs, consumer discretionary names and communications services companies outpaced the broader market, all more
I cannot let April close without mentioning the bulge in our state. Texas has grown since the last census in 2010, so much that we are now picking up not one, but two seats in the U.S.House of Representatives. And we are the only state to do so; five other states will each pick up
Stacks of lumber are offered for sale at a home center on April 05, 2021 in Chicago, Illinois. Scott Olson | Getty Images As the housing market gets leaner, potential buyers are turning in record numbers to new construction, but several factors are making those homes pricier than ever before. First is a major shift
As Ether (ETH) made a $2,800 all-time on April 29, so did its futures open interest. The $8.5 billion figure marks a 52% monthly increase and shows robust trading activity behind the meteoric price rise. Some analysts might dismiss Ether derivatives, considering CME’s future has $355 million in open interest compared to Bitcoin’s $2.4 billion.
Municipals ended the week and the month quietly as participants prepare for a supply and redemption increase in May, but even with some pressure felt this week, tailwinds remain for the market. Rates rose this week by as much as six basis points on the 10-year, but on Friday, the benchmark remained below 1%. Given
The US will restrict incoming travel from India, a decision announced by the White House on Friday as the Indian government tallied another worldwide record for daily coronavirus cases with more than 400,000. Jen Psaki, the White House press secretary, said in a statement the restrictions would begin on Tuesday. Though Psaki did not specify
Tracking a Top Technology Stock and Solid Performer in the Consumer Products Space. Microsoft: https://www.zacks.com/stock/quote/MSFT?cid=CS-YOUTUBE-FT-VID Chewy: https://www.zacks.com/stock/quote/CHWY?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: http://stocktwits.com/ZacksResearch Follow us on Twitter: https://twitter.com/ZacksResearch Like us on Facebook: https://www.facebook.com/ZacksInvestmentResearch
In the latest Cointelegraph Crypto Duel, founder of Digiconomist Alex de Vries and CEO and founder of Blockchain for Climate Joseph Pallant debated the intensity of Bitcoin’s footprint and possible paths forward to reduce it. As pointed out by de Vries, Bitcoin’s energy consumption has been increasing together with its network. The analyst predicts its
The North Texas Tollway Authority plans to keep its winning streak alive with $850 million of refunding amid rebounding toll revenues. The authority, which operates hundreds of miles of toll roads in the Dallas-Fort Worth area, reports saving more than $1 billion through refunding $7 billion of debt since 2013. “This transaction allows us to
Jeff Bezos and Elon Musk Getty Images Jeff Bezos‘ Blue Origin filed a protest with the Government Accountability Office against NASA on Monday, challenging the space agency’s award of a nearly $3 billion moon lander contract to Elon Musk’s SpaceX earlier this month. SpaceX, in a competition against Blue Origin and Leidos‘ subsidiary Dynetics, was
In this article CRUS X SWKS WDC FSLR GILD AMZN TWTR The Twitter App loads on an iPhone in this illustration photograph taken in Los Angeles, California. Mike Blake | Reuters Check out the companies making headlines after the bell on Thursday: Twitter — Shares of the social media giant fell 9.4% after the company’s
Andrew Lanoie is a Best Selling Author, Investor and Podcaster at The Impatient Investor, as well as Co-Founder of Four Peaks Partners. The public perception is that as the economy and the housing market go, so does the rest of the real estate market. With anxiety over a potential housing crash, what would be the possible
President Joe Biden addresses a joint session of Congress at the U.S. Capitol in Washington, DC, U.S. April 28, 2021. Melina Mara | Reuters President Joe Biden has unveiled a plan for higher taxes on inherited homes to help fund the $1.8 trillion American Families Plan. The proposal would tax inherited property gains at death,
Bitcoin and the overall cryptocurrency market saw minor losses on April 29 as the market heads into the expiry of $4.2 billion worth of (BTC) options contracts. Data from Cointelegraph Markets and TradingView shows that since reaching a high above $56,400 on April 28, the price of Bitcoin has dropped more than 6% back down near the
Huobi Asset Management is looking to be the Grayscale of Asia with the launch of four cryptocurrency related tracker funds. The funds include a Bitcoin Fund, an Ethereum fund, a multi-asset basket of digital currencies, and a private equity fund for mining businesses. The aim is clearly to entice major institutional investors into the space
Munis lost ground Thursday with two to four basis point cuts to triple-A benchmark yields after U.S. Treasuries weakened with better economic data pouring in as the month closes out. Cash flowed into municipal bond mutual funds again at $1.64 billion with high-yield making up $630 million of it, as investors fearing rising taxes. Fund
Amazon has reported its second straight quarter of $100bn-plus sales, comfortably beating Wall Street’s targets as it continues to reap the rewards of pandemic conditions. Net sales of $108.5bn in the first three months of the year helped the company achieve a net income of $8.1bn, up by more than 220 per cent on the
We highlight four ETFs that are benefitting from the move to the cloud.