A California street getty It sounds preposterous, and the headline of a recent article here at Forbes by Marilyn Cohen is certainly eye-catching: “The Lunacy Of Using City Streets To Collateralize New Municipal Bond Deals.” And these aren’t just any municipal bond deals — two cities in California are issuing bonds with their own city
Month: September 2020
Florida upsized its taxable bond sale by $1 billion and came to market Wednesday with a $3.5 billion deal that will help bolster the state’s Hurricane Catastrophe Fund. California’s $2.5 billion general obligation bond deal was also priced in the primary giving buyers a wide variety of paper to choose from. “You cannot deny that
[embedded content] (Kitco News) – Jerome Powell’s hawkishness at last week’s Jackson Hole Symposium created doubts in gold investors’ minds, sending the yellow metal to trade sideways for the last few days. Volatility for gold presents an opportunity to buy on the dips, said Frank Holmes, CEO of U.S. Global Investors who said that “if
Have you noticed that the government’s answer to every problem is more government—at taxpayer expense—and less individual liberty? by John Whitehead via The Rutherford Institute “A government big enough to give you everything you want is a government big enough to take away everything that you have.”—Anonymous Have you noticed that the government’s answer to
The bullish trend, which has been going on five months now, continues. The S&P 500 and NASDAQ set a new all—time high, and the Dow Jones is holding above 28,000, a level it has not seen since the end of February. But what goes up, must come down; even Superman must come back down to
Elon Musk, chief executive officer of Tesla Inc., arrives at federal court in New York, U.S., on Thursday, April 4, 2019. The SEC says Musk violated his agreement with the agency when he tweeted on February 19 that Tesla would make about half a million cars in 2019, before tweeting a few hours later that
Someday, between the time you move out of your childhood home and when buy your first residence, you’ll probably find yourself staring at a lease. A lease is a contract between someone who owns real estate (the landlord) and another person who occupies that piece of real estate (the tenant), covering the conditions under which
Charlotte Hornets owner Michael Jordan responds to a question during a 2014 news conference at Time Warner Cable Arena in Charlotte, N.C. Jeff Siner | Charlotte Observer | Tribune News Service via Getty Images This is a developing story. Check back for updates. Shares of DraftKings jumped 13% in premarket trading after the company said
The German government has said Alexei Navalny, the Russian opposition activist who is being treated in a Berlin hospital after collapsing in Siberia last month, was poisoned by the chemical nerve agent novichok. In a statement, the government said it “strongly condemned” the poisoning and demanded the Kremlin provide an explanation “as a matter of
The number of people in the UK planning to purchase an electric vehicle has collapsed as the pandemic squeezed finances for potential car buyers, according to a leading online automotive portal. A survey by Auto Trader of 2,300 consumers in January found 16 per cent were planning to buy a battery-only car. But in an
The $400 billion corner of quant investing known as risk parity has a history of doubt and division, and Bridgewater Associates has started a new chapter. Ray Dalio’s $138 billion asset manager has tweaked its version of the strategy by moving into alternatives to conventional bonds as yields hit historic lows, a person familiar with
There is still an element of the crypto “Wild West” in 2020, as cryptocurrency stolen through hacks and ransomware attacks is still being cashed out on major exchanges around the world. Ransomware attacks have proved to be a lucrative cash cow for cybercriminals over the past few years, with the United States Federal Bureau of
Over the summer, I wrote a book called The Race Awakening of 2020: A 6 Step Guide For Moving Forward. The book was written over a weekend of despair as I tried to cope with what is going on this country related to racial injustice. My wife and I were having very difficult conversations with
Luxury apartments are advertised in a realtors window on the West Side of Manhattan in New York City. Spencer Platt | Getty Images Manhattan sales contracts fell 31% in August while deals in the suburbs and Florida surged, suggesting that the flight from New York City continued through the summer. There were 585 sales contracts
Ethereum miners are making a killing from transaction fees. In August alone, the miners raked in a total of $113 million in profit, up more than 3,660% from the $3 million earned in April, according to the latest data from Glassnode. This is the highest ether miners have earned from transaction fees ever. The previous
Economic Security Planning, Inc. Today’s column addresses questions about whether survivor’s benefits can be claimed after taking retirement benefits, retirement benefits before spousal benefits and selling land while receiving Social Security disability benefits. Larry Kotlikoff is a Professor of Economics at Boston University and the founder and president of Economic Security Planning, Inc, which markets
During World War II, more than 80 million Americans purchased Series-E War Bonds to support their country and their troops in the fight for liberty and freedom. The war was an expensive effort, both in terms of the loss of human life and financial costs. Through the purchase of War Bonds, individual investors contributed the
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) - Gold and silver prices are down but well up from their overnight lows in early U.S. trading Wednesday, pressured by rising
In the natural sciences, a laboratory experiment can isolate various elements and their movements. There is no equivalent in the discipline of economics… by Frank Shostak via Mises In the natural sciences, a laboratory experiment can isolate various elements and their movements. There is no equivalent in the discipline of economics. The employment of econometrics
Yext (YEXT) is gearing up to report its FQ2 results on Thursday, September 3. And ahead of this key date, five-star RBC Capital analyst Mark Mahaney has reiterated his buy rating on the digital data manager with a $22 price target (9% upside potential). “We believe FQ2 estimates are reasonable, with an equal likelihood of
Take a look at some of the biggest movers in the premarket: Honeywell (HON), Amgen (AMGN), Salesforce.com (CRM) – Honeywell, Amgen and Salesforce become members of the Dow Jones Industrial Average as of today, replacing Pfizer (PFE), Exxon Mobil (XOM) and Raytheon Technologies (RTX). Apple (AAPL) – Apple begins trading on a post-split basis today,
by Michael Snyder Once in a while, someone says something that perfectly captures the moment that we are currently facing. Earlier today, I believe that I stumbled upon an example of this, and I will be sharing what I found in this article. So far this year, our nation has faced one crisis after another,
One of the biggest perks of home ownership is the ability to build equity over time. You can use that equity to secure low-cost funds in the form of a “second mortgage”—either a one-time loan or a home equity line of credit (HELOC). Key Takeaways Home equity can be a great source of value for
In his 16 years running the Temahome furniture factory in the foothills of the French Alps, Philippe Moreau has never experienced a surge in demand like the one his company is scrambling to keep up with now. Orders for its flat-pack wooden tables, shelves and desks have soared since the coronavirus lockdown was lifted in
Switzerland’s financial regulator has begun enforcement proceedings against Credit Suisse over the bank’s corporate espionage scandal. The move advances a probe that Finma launched at the end of last year, marking an escalation in the fallout of the affair that rocked the country’s financial industry last year. Finma opened its investigation after details burst into
Technology from Vestwell, FiduciaryShield and Betterment’s recently announced Advised 401(k) are making it easier than ever for advisors to offer retirement plans to business-owner clients. By taking on much of the heavy lifting, these tools can make it look easy for any financial planner to moonlight as a retirement plan advisor. But advisors thinking about
Analysis of hot DeFi protocol SushiSwap’s smart contracts has revealed that as much as $27 million worth of the native token is in an admin wallet that could be dumped without warning. Data analyst and partner at Cinneamhain Ventures, Adam Cochran, took a deep dive into the administrative wallet structure of SushiSwap – a protocol
Construction projects involve large investments of money and time, and because many owners don’t … [+] have the experience needed to oversee projects, they turn to owner’s reps. Amicon Construction projects require large investments. Mistakes and delays can be exceptionally costly. Shepherding a construction project from start to finish to make the most of the
Atupri, a Swiss health insurance provider, said Monday that its 200,000 customers will now be able to make payments using bitcoin and ethereum. The 110-year old firm claims it is the “first” insurer in Switzerland to accept cryptocurrencies. In a statement, Atupri said payments will be made through local regulated crypto financial firm Bitcoin Suisse,
getty Yes, the Netherlands! Some time ago (almost exactly a year ago, in fact), I started researching what eldercare looks like in other countries, and had put this article together but waited to publish it until I could provide a series of such articles. At the time, my interest was in eldercare per se, and