Municipals rallied by one to four basis points Tuesday following strong bids for competitive Georgia and Wisconsin exempt general obligation bonds and various negotiated deals repriced to lower yields while the 10-year U.S. Treasury dipped to 1.53%, a low not hit since March. The move in Treasuries helped, but after weeks of limited tax-exempt supply
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Time is on the side of holders of physical gold & silver. Precious metals prices are mirroring the bull market path leading to… Florian Grummes with Patrick V. on Silver Bullion TV Florian Grummes: Gold Poised to Attack $2000 Again, Time and Patience Needed We are joined on Metal Money by Florian Grummes of Midas
The anonymity of Bitcoin (BTC) and other cryptocurrencies is a hot topic in the crypto space. While the transactions are open to track in a public blockchain, it is challenging to link a transaction with a real-life person in many use cases. As an identity-centric platform, Concordium takes a different direction by offering complete transparency.
Nike (NKE) is the largest seller of athletic footwear and apparel in the world. Its business is focused on product design and development, marketing and sales. Key product categories are running, basketball, the Jordan Brand, soccer, training and sportswear. Nike has 1,100 retail stores in the United States and internationally, and employs approximately 75,400 workers
An artist’s rendition of a Terran R rocket launching to orbit. Relativity Space 3D-printing specialist Relativity Space raised $650 million to step up work on a fully reusable rocket that will attempt to challenge Elon Musk’s SpaceX in less than three years, the company announced on Tuesday. The money will be used “to accelerate some
Facebook founder Mark Zuckerberg is buying Hawaii property again. In March, he and his wife reportedly paid $53m for 600 acres on Kauai, a Hawaiian island popular with second-home owners, where the couple purchased a home on 700 acres in 2014. Zuckerberg is not the only tech worker from California taken with the 50th state.
More than 800 people have been arrested around the world in a sweeping police sting that lured drug dealers, mafia members and other organised criminals to an encrypted communications platform secretly run by the FBI. Investigators said they monitored more than 12,000 devices used by more than 300 criminal syndicates in an operation that led
Several of the world’s most prominent billionaires paid minimal to no federal income tax in some years, ProPublica reported on Tuesday, citing confidential IRS records it had reviewed. The world’s wealthiest individual, Amazon CEO Jeff Bezos, did not pay any federal income tax in 2007 and 2011. Tesla CEO Elon Musk managed to do the
Bedding products provider Tempur Sealy International (TPX) has selected Crawfordsville, Indiana, as the location for its third domestic foam pouring facility. The new plant, spread over a 130 acres site, is expected to be Tempur’s largest manufacturing facility. The company expects construction to start in Q3. The new plant will enable Tempur to serve its
Take a look at some of the biggest movers in the premarket: Stitch Fix (SFIX) – Stitch Fix lost 18 cents per share for its first quarter, smaller than the 27 cents a share loss that analysts were anticipating. The online clothing styling company’s revenue came in above estimates. Stitch Fix also issued an upbeat
Sharing is Caring! via Zerohedge: In case we needed more proof that the US labor market is in a historic supply-demand mismatch crisis sparked by Biden’s generous unemployment benefits, a few hours after the latest NFIB showed that it has never been more difficult for small business to fill job openings, moments ago the BLS
“Just one in 10 adults meet the federal vegetable recommendations,” reported the Centers for Disease Control and Prevention in one of its Morbidity and Mortality Weekly Reports. “As a result, we’re missing out on essential vitamins, minerals, and fiber,” noted the study’s lead author, adding, “This puts [you] at risk for chronic diseases like diabetes
Tim Wu, top advisor to the Biden administration on technology and competition policy, holds more than $1 million in cryptocurrency, shows a recently filed financial disclosure. The antitrust expert, who is known as a prominent big tech critic, has in the past questioned the value of bitcoin. Top Biden Advisor Tim Wu Is a Bitcoin
Retiree Sylva Coppock had some strong interests and hobbies before she left the workplace in her early 70s. She had worked as a desktop publisher, graphic designer, and executive assistant. When she retired, the plan was to just pursue hobbies. “I loved doing ancestry research,” said Coppock. “I spent a great deal of my free
Retail orders will begin Wednesday for Massachusetts’ $720 million tax-exempt, negotiated issuance of Commonwealth Transportation Fund bonds in three tranches. They include a $168 million sustainability component to help fund the $2.3 billion Massachusetts Bay Transportation Authority’s Green Line light rail extension — the so-called GLX project, which is 80% complete with service scheduled to
– By GF Value The stock of Fortuna Silver Mines (NYSE:FSM, 30-year Financials) is believed to be modestly overvalued, according to GuruFocus Value calculation. GuruFocus Value is GuruFocus’ estimate of the fair value at which the stock should be traded. It is calculated based on the historical multiples that the stock has traded at, the
Even if somehow the summit is pulled off, recent Biden Administration blunders mean the chance anything of substance will be achieved is virtually nil… by Ron Paul of Ron Paul Institute for Peace and Prosperity I have my doubts whether the Putin-Biden summit in Geneva will take place later this month, but even if somehow
Polkadot and Kusama creator Gavin Wood has published a tentative schedule for the much-anticipated Kusama parachain slot auctions. According to a blog post posted on Tuesday, the first parachain auction slot will open on June 15 at 12:00 pm Central European Summer Time. The tentative schedule, subject to the approval of the Kusama Council and
Deciding whether to leave an inheritance for your children impacts the amount you save, the retirement plans you choose and how you take qualified retirement plan distributions. However, beyond your desire to leave some wealth to your children (or not), there are some essential personal financial issues to consider. Consider Your Income Needs Some retirees
Cevian, Europe’s largest activist investor, has called on Aviva to return £5bn in excess capital to shareholders next year after building an almost 5 per cent stake in the FTSE 100 insurer. Rather than urging a change of leadership at the top of the London-listed group, Cevian is pushing chief executive Amanda Blanc to build
In this article .BBKA A customer shops for meat at a Costco store on May 24, 2021 in Novato, California. Justin Sullivan | Getty Images Inflation may look like a problem that will go away, but is more likely to persist and lead to a crisis in the years ahead, according to a warning from
The Chinese Communist party’s claim that it had eliminated extreme poverty has been challenged by a new study that argues Beijing used a limited and inflexible definition of what it means to be poor. Late last year, the party announced that extreme poverty had been successfully eradicated, despite negative economic growth in the first half of
Steward Partners, an independent firm, announced its plans to transition its 173 advisors to Raymond James’ RIA and Custody Services as the hybrid advisory firm moves to work with multiple custodians. Regulatory approvals are pending, according to a statement issued in late May. Jim Gold, Steward Partners’ CEO, left Morgan Stanley in 2013 and registered
We’re in interesting times, there’s no doubt about that. The COVID crisis is receding, the economic reopening is proceeding apace – but there are inflationary worries. The Biden Administration is committed to a heavy spending program, including generous extended unemployment benefits – which in some cases can exceed wages. As a result, the labor market
In this article LOOP AMC LLY An Eli Lilly and Company pharmaceutical manufacturing plant is pictured at 50 ImClone Drive in Branchburg, New Jersey, March 5, 2021. Mike Segar | Reuters Check out the companies making headlines in midday trading. AMC Entertainment — The meme stock jumped another 17% in heavy trading following an 83%
In this article REIT-AE A major Dubai property investment fund is in the spotlight after its lenders blocked a debt restructuring plan and raised “serious concerns” about its transparency and governance. Dubai-based Emirates REIT was forced to withdraw a restructuring proposal for its $400 million dollar Islamic bond after a rare campaign of investor activism
Old homes are a snapshot into history. Unique features like crown molding, wainscoting, arched doorways and stained glass windows make a statement that’s difficult to replicate with newer construction. If you’re looking to put down roots in a vintage home, consider that historic charm can outweigh the most tempting of today’s amenities. Some buyers seek
sponsored The Internet was once a bastion of freedom and was hoped to bring economic power to everyday people. These days a few centralized platforms such as Google, Facebook and Amazon dominate the online world, deciding what we can and cannot say, while keeping all the value for themselves. In an upcoming 4-session live event
Earlier today, the FDA gave its approval to a new Alzheimer’s medication, the first to be approved in nearly 20 years: aducanumab, given the brand name Aduhelm. The wife of one patient, cited in the New York Times NYT credited it with slowing disease progression “enough to allow him to participate in tasks like choosing
Munis were quiet Monday along with U.S. Treasuries as participants await the larger new-issue week that begins pricing Tuesday led by competitive deals from gilt-edged Georgia and the state of Wisconsin. Flat with little activity is how municipals started the week as ratios continued to be close to or at historic levels due to the