I was biking up a big hill in Boston on a recent Sunday morning, an activity I’ve resorted to now that I can’t play tennis or go to spinning class. I was huffing and puffing, so I pulled down my face mask, which is required outdoor attire in my town. I noticed a runner coming
Month: April 2020
The belly of the municipal yield curve is experiencing little constructive activity as participants rely on the Federal Reserve for short-end support and put their trust in the ultimate recovery of issuers with long-end investment. The primary digested a massive $1.12 billion bond offering from New York Power Authority. The entire deal was structured to
Stocks are looking past the gloom of deeply recessionary economic news and finding hope in a reopening economy and the idea that drugs may ultimately be able to help fight the coronavirus. The market bounded higher Wednesday on a combination of what look like ‘green shoots,’ the most hopeful of which were reports of Gilead’s
Agents recommend looking beyond virtual staging and trying to find video tours when narrowing down a … [+] home search online. Getty Most people wouldn’t make their decision about starting a long-term relationship with someone based solely on their dating site profile, and the same holds true for deciding whether to rent or buy a
The Federal Reserve said Wednesday it would keep its benchmark interest rate near zero in response to the economic shock from the coronavirus crisis. “The most significant responsibility of the Fed now is to make sure that credit markets continue to function,” said Greg McBride, chief financial analyst at Bankrate.com. “Without functioning credit markets, there will be no economic
Jim Cramer Scott Mlyn | CNBC CNBC’s Jim Cramer said Wednesday that positive news from Gilead Sciences about a potential treatment for the coronavirus marked a turning point in the fight against Covid-19. “What I regard this as is the beginning of the end of the true nightmare, which is that it’s a death sentence,” Cramer said on
Almost all markets across the world have been in turmoil owing to the economic uncertainties brought about by the coronavirus pandemic, and in that regard, the crypto market has been no different. However, one of the major cryptocurrencies to have made a remarkable recovery since hitting its lowest levels in March is Ethereum (ETH), and
The secondary market saw yields rise again by at least five or six basis points. New deals were priced but issuers faced yield concessions. The market isn’t facing 50-basis-point swings, but its footing is still off as participants grapple with the long-term effects of the pandemic. Additionally, the market will potentially see bonds maturing in
A woman walks in the rain outside the New York Stock Exchange (NYSE) in the financial district of lower Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York, April 13, 2020. Andrew Kelly | Reuters I know this sounds strange, but this was a good day for the stock market, even with
Federal Reserve Chairman Jerome Powell speaks at his news conference following the two-day meeting of the Federal Open Market Committee (FOMC) meeting on interest rate policy in Washington, January 29, 2020. Yuri Gripas | Reuters The Fed is not expected to announce any new policy initiatives when its meeting ends Wednesday, but it could provide
Painting A Front Door Creates A Memorable First Impression Getty Here are some DIY projects to boost your home’s resale value and appeal. It’s no surprise homeowners are looking to DIY ideas to fill their time and hopefully add value and appeal to their home. A recent report by Placer.ai, saw visits to Home Depot
A view of an apartment building in the Chelsea neighborhood of Manhattan, New York City. Drew Angerer | Getty Images As job losses and unemployment continue to increase as a result of the coronavirus pandemic, more than half of Americans who rent their residence say they lack confidence they will be able to pay May
CNBC’s Jim Cramer on Monday doubled down on his preference for stock picking over index investing. The former hedge fund manager presented a list of market bright spots that span more than one dozen industries he said are working in this coronavirus-plagued market. “You want to remember this list the next time the market rolls
A Puerto Rico COVID-19 medical task force recommended the staged opening of the island’s economy. The task force presented its recommendations to Gov. Wanda Vázquez Garced, who appointed its members. It said that those areas with the least likely transmission of the virus should be opened first, progressively followed by others with that had higher
Dr Pepper soda in the warehouse at the Dr Pepper Snapple Group bottling plant in Louisville, Kentucky, in April 2015. Luke Sharrett | Bloomberg | Getty Images Check out the companies making headlines after the bell. Keurig Dr Pepper — The beverage company’s stock soared 7% in extended trading after Keurig Dr Pepper reported first-quarter earnings.
Experts predict an interest in larger spaces, but a rise in construction costs. Getty It’s no secret that the real estate market has a long road of recovery ahead. As the day-to-day work of showing properties and building homes has slowed to a crawl, agents and others in the industry have started to look to
Contractors construct a wood deck while working on a home under construction in the Norton Commons subdivision in Louisville, Kentucky, U.S., on Monday, March 23, 2020. Luke Sharrett | Bloomberg | Getty Images Home sales nearly ground to a halt at the end of March, as the coronavirus pandemic forced an economic shutdown that scuttled
U.S. Donald Trump, left, listens as Steven Mnuchin, U.S. Treasury secretary, speaks during a Coronavirus Task Force news conference at the White House in Washington, D.C., on Thursday, April 2, 2020. Kevin Dietsch | UPI | Bloomberg via Getty Images Even as the U.S. small business relief program is set to reopen Monday with fresh
The coronavirus has had a marked impact on the municipal market, with historical price deterioration on even some of the strongest, highest-rated paper. To understand buying opportunities or when making a decision to hold or sell an existing position, data-driven research on a municipality with a focus on key economic factors, relative to other municipalities,
A woman wearing a face mask at her house. Robin Utrecht | Echoes Wire | Barcroft Media via Getty Images As the economy shut down, businesses diverted spending to technology, while cutting back more broadly on other outlays including their payments to suppliers, according to data tracking business-to-business spending. Even before the state shutdowns took
Spend your stimulus check where you’ll be spending a lot more time. Loren Barham/Society Social In mid-March, congress passed the CARES Act, which set aside funds to give approximately 140 million Americans up to $1200 per adult in a household plus an additional $500 per child under seventeen years old, to help stimulate the economy
Signage stands outside the Freddie Mac headquarters in McLean, Virginia, U.S.. Andrew Harrer | Bloomberg | Getty Images As the economic shutdown drags on and job losses mount, more borrowers are opting to delay their monthly mortgage payments through mortgage forbearance plans. The majority are doing it through a program designed to provide relief to
Saudi Aramco crude oil storage at Ras Tunura, Saudi Arabia. Planet Labs The coronavirus crisis led to an unprecedented collapse in demand for oil and U.S. prices have rapidly fallen over the past week. In order for the price to stabilize, U.S. producers have to further cut their production or be forced to curb it
The secondary muni market was dislocated Friday with high-grade block trading showing swings in yields and rate volatility and price discovery remain problematic for investors and issuers alike. After a week of large issuers bringing sizable deals, Friday did not fully commit to a more stabilized muni market. The news out of Washington did not
Take a look at some of the biggest movers in the premarket: American Express (AXP) – American Express reported quarterly profit of $1.98 per share, an adjustment that excludes an increase in credit reserves, with GAAP earnings at 41 cents per share. The consensus estimate was $1.43 per share. The financial services company increased its
TOPLINE Despite the coronavirus pandemic causing unprecedented financial disruptions and a major shift in the lives of American consumers, a slowdown in new cases has made Wall Street more optimistic about eventually reopening the economy— and here are 19 stocks poised to thrive in the post-coronavirus world once widespread quarantine orders are lifted, according to
Spencer Platt | Getty Images The coronavirus economic shock has left Americans downbeat about stock market investing, even after the major market rebound off March lows, according to a new survey from Gallup. Only 21% of Americans think stocks or mutual funds are the best long-term investment — down six points from 2019 — which
A Sierra Wireless display at a trade show. Source: Sierra Wireless Lion Point Capital, run by alumni of Elliott Associates, Perry Capital and Starboard Value, struck an agreement this month with Sierra Wireless, a struggling telecom hardware maker that’s trying to become a software company. We believe Lion Point has a good chance at getting
Cook County, Illinois, is bracing for a $200 million tax blow due to the economic shutdown brought about by COVID-19, the county’s finance team said Friday. That doesn’t account for an additional $60 million to $75 million whack to health system revenues, though some of that is expected to be reimbursed with hospital-related federal relief.
Long-time professional traders watching the near implosion of the United States Oil Fund could only watch in wonder. “It tells me people always want to make a quick buck,” said John Davi, chief investment officer and founder of Astoria Portfolio Advisors. He was referring to retail investors who lost a boatload of money investing in
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