Munis were little changed as a massive snowstorm pummeled the Northeast triggering states of emergency and vaccine cancelations. Trading was quiet and triple-A benchmarks were unmoved even as U.S. Treasuries faded and equities rebounded from losses and volatility last week. In the primary, a lone competitive deal of size got done as Worcester, Massachusetts, (Aa3/AA-//)
Month: February 2021
The Analysis And Discussion Provided On Silverdoctors Is For Your Education And Entertainment Only, It Is Not Recommended For Trading Purposes. The Doc Is Not An Investment Adviser And Information Obtained Here Should Not Be Taken For Professional Investment Advice. The Commentary On Silverdoctors Reflects The Opinions Of The Doc And Other Contributing Authors. Your
Usually, when markets climb to record levels and stay there, investors start thinking about bubbles. However, Brian Belski, chief investment strategist at BMO Capital, believes that we’re just in the midst of a counter-intuitive time. In a recent note, Belski ruminates at length on the current conditions, and investors’ guesstimates that 1H21 will see a
Jakub Porzycki | NurPhoto | Getty Images GameStop stock has defied gravity in the past and it could again, but there are some signs its stock may be topping out, some strategists say. GameStop was down sharply Monday, off more than 30% at $225. It has been the poster child of a group of stocks
by WARREN MOSLER Personal income went up with the crisis due to Federal transfers of the Cares Act, which subsequently faded: Personal income excluding government support continues to lag behind prior levels: Even with the higher levels of total personal income consumption has lagged and most recently decreased as government benefits expired: A part of
A money market fund is a safer alternative to stock investing and often pays more than holding money in a traditional bank account. These funds pool investors’ money to purchase low-risk and highly liquid securities, such as Treasury bills and commercial paper. Liquidity means that investors can get in and out of the fund with
The logo of trading app Robinhood is displayed on a smartphone. Olivier Douliery | AFP via Getty Images Robinhood continued to ease trading restrictions on Monday, raising its trading limit on GameStop to 20 shares. Robinhood’s changes are slight. Clients who already own more than 20 shares of GameStop cannot buy any new shares. Earlier
Robinhood, the online broker at the centre of the boom in day trading, has raised $2.4bn in its second capital infusion in a week to shore up finances strained by turbulent trading. The brokerage was hit by a surge in trading last week as retail investors bet against short sellers, driving up the price of
Houston billionaire Tilman Fertitta is returning his business empire to the public markets after a gap of more than a decade. Holding company Fertitta Entertainment, which includes Golden Nugget casinos and Landry’s restaurants, will be floated through a reverse-merger with a special purpose acquisition company. The deal takes advantage of investor enthusiasm for Spac deals
With the convergence of multiple layers of tax legislation and IRS guidance since 2017, this year’s filing season has the potential to confuse tax preparers as well as the clients they serve. Even for those who follow legislation day in and day out, things can get complicated. For example, the Paycheck Protection Program was initially
Between Jan. 30 and the early hours of Feb. 1, XRP price pumped 147%, reaching $0.76 which is its highest level in two months. The move seems to have been fueled by r/Satoshistreetbets, an off-shoot of r/Wallstreetbets. It seems that speculative social media group-based investing is becoming a trend so let’s take a look at
Forget “Keeping Up with the Kardashians.” It’s hard enough keeping up with Tomer Fridman these days. Luxury real estate agent Tomer Fridman has joined Beverly Hills-based brokereage Hilton & Hyland, a … [+] founding member of Forbes Global Properties. Tomer Fridman After a record-setting 2020 in which Fridman and team closed $539 million sales, the
In September of 2020, the frontman for the rock band Kiss, Gene Simmons, tweeted a cryptic message about bitcoin with one of the cofounders of the Gemini crypto exchange. Then on Sunday, the Kiss singer tweeted to his 900k Twitter followers that he bought “bitcoin, ethereum, litecoin, and others.” The bassist and co-lead singer of
GameStop logos displayed on a phone and a laptop screens are seen in this illustration photo taken … [+] in Poland on January 28, 2021. In the last days the GameStop stock short squeeze continues. (Photo illustration by Jakub Porzycki/NurPhoto via Getty Images) NurPhoto via Getty Images There’s a new form of shareholder activism being
R. Wade Norris, managing member of Norris George & Ostrow in Washington, D.C. said the outlook for 2021 is for a “very strong” multifamily housing sector if Congress continues to provide fiscal relief.Norris George & Ostrow Tax-exempt multifamily housing bond issuance is expected to have a banner year in large part because of the recent
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) – Golden Minerals (NYSE: AUMN; TSX: AUMN) today reported the first gold pour from its Rodeo gold project in Durango State,
The GOP has counter-offered Biden’st $1.9 trillion stimulus plan… (by Half Dollar) There’s gridlock in Washington! Or so we’re told, by Bloomberg (bold added for emphasis and commentary): President Joe Biden is set to hear from 10 Republican senators at the Oval Office on Monday about their $618 billion counter-offer to his $1.9 trillion Covid-19
Thermo Fisher Scientific posted better-than-expected earnings on Monday, largely driven by its success in supporting its customers responses to the COVID-19 pandemic. Fourth quarter revenues grew 54% to $10.55 billion, beating analysts’ expectations of $9.54 billion, while EPS increased by 100% to $7.09, compared to forecasts of $6.52. Full year revenues came in at $32.22
Take a look at some of the biggest movers in the premarket: Otis Worldwide (OTIS) – The world’s biggest producer of escalators and elevators reported quarterly earnings of 66 cents per share, 7 cents a share above estimates. Revenue came in above estimates as well and Otis issued a better-than-expected earnings forecast for 2021. Otis
After starting the day solidly in the green, Gamestop – along with other most shorted names – traded as high as $383 after Robinhood eased its trading limits over the weekend, which saw the brokerage effectively halt trading in as many as 50 stocks. However, the early euphoria did not last long, and moments ago
Visa Inc. (V) is one of the dominant digital payments brands globally, providing services in more than 200 countries and territories to individual consumers, merchants, financial institutions, and governments. The company provides a broad range of services, which include authorization, clearing, and settlement services for financial institutions and merchants. Additionally, while Visa does not issue
A stack of Starlink internet satellites just before a launch. SpaceX SpaceX is preparing to begin production of the next-generation of its Starlink internet satellites, according to a company job posting, with the company having deployed more than 1,000 first-generation satellites in orbit to date. A posting on the company’s careers page, open at the time
Robinhood’s ambition to “democratise finance” is set for one of its biggest tests after a week of chaotic trading that pushed it to seek an urgent injection of $1bn and infuriated many of its most loyal clients. The tumult has exposed the competing priorities the popular trading app faces between pleasing its users and the
FT subscribers can click here to receive Swamp Notes by email. We’re offering a free 30-day trial to Swamp Notes, which includes access to FT.com. Please spread the word by forwarding this newsletter to friends and colleagues who you think would find it valuable. And if this has been forwarded to you, hello. Please sign up here. There are
The r/Wallstreetbets saga which saw a group of Redditors join forces to extract billions from Wall Street hedge funds is set to be turned into a movie. As reported by Deadline on Jan. 31, a newly proposed book by The Social Network author, Ben Mezrich, was subject to a bidding war between major Hollywood studios,
Bring it home this Valentine’s Day Jesse Goll on Unsplash 2021 couldn’t be a better year to give a Valentine’s Day or Galantine’s Gift for the home. After all, most of us are still spending far more time at home these days than we did this time last year. It’s very likely our living spaces
In a surge reminiscent of dogecoin’s recent rally, the value of the XRP token soared by more than 100% in just 48 hours. After starting the day at $0.29 on January 30, data shows that the token peaking at just above $0.67. At the time of writing, XRP is trading at around $0.66 As shown
A 401(K) rollover doesn’t have to stressfull. Here are ten 401(k) Rollover mistakes you need to … [+] avoid. getty Mistakes when rolling over your old 401(k) can be quite costly and annoying. Sadly, these mistakes are also quite common. On a happier note, these 401(k) rollover mistakes are easy to avoid. First off, not
InvestorPlace Reddit’s r/WallStreetBets Just Took Down a Hedge Fund. You’ll Love What Comes Next. As a member of r/WallStreetBets, a popular Reddit forum, let me tell you this: It wasn’t supposed to ever happen. Our happy band of rag-tag investors was supposed to use our little corner of the internet to exchange risky stock investment
An epic David-vs-Goliath battle has erupted on Wall Street… by Adam Taggart of Peak Prosperity An epic David-vs-Goliath battle has erupted on Wall Street. And it may just change the future of investing, helping to tilt the playing field away from the huge unfair advantage the banking cartel has enjoyed for decades. In case you’ve