Massachusetts plans to bring $2.7 billion of taxable business-tax backed special obligation revenue bonds with a social designation, marking the largest environmental, social and governance deal to date in the municipal market. The deal is also one of the larger taxable deals in 2022 in a year that has seen a significant drop in taxable
Would you rather have the money or the stuff? That is a question I often ask myself and my readers. The answer often comes down to a contest between sentimental value and market value — the old heart-versus-head dilemma. In these days of high gasoline prices and soaring inflation, the head is winning. As people
Cash is King as traders are now placing a value on… by Chris Vermeulen of The Technical Traders The U.S. Dollar is one market that continues to stand out as a stronghold for traders and investors. The world’s primary reserve currency, the USD, remains solidly above all other major global currencies. As we move into
What Is the Second Chance Pell Experimental Sites Initiative? The Second Chance Pell Experiment Sites Initiative is a United States Department of Education program that provides incarcerated individuals with Pell Grants for their educational endeavors. In April of 2022, the Biden Administration announced an expansion of the program, potentially reaching up to 200 schools starting
Elon Musk faces an uphill battle if Twitter takes him to court over the Tesla founder’s attempt to pull out of an agreed $44bn takeover of the platform, legal experts predict. On Friday, Musk said Twitter had been in “material breach of multiple provisions” of the deal contract, which gave him the right to walk
The writer is a political strategist and former adviser to Tony Blair and Julia Gillard Labour leader Keir Starmer has that essential yet underrated political quality — luck. A year ago, when his leadership hung by a thread, he narrowly won the Batley and Spen by-election. At the end of last year when partygate was
In about five years, a gleaming new $500 million campus in central Dallas, a stone’s throw from the home of the Mavericks’ basketball arena, will house thousands of Goldman Sachs staff. The bank, synonymous with Wall Street and New York, is not alone in expanding in southern U.S. states at a time when social conservatives are unleashing
While individual coins and tokens in the cryptocurrency sector have grabbed much of the headlines, the backroom reality is that stablecoins or cryptos pegged on a 1:1 ratio with the U.S. dollar help keep the broader sector moving. Unfortunately, the erosion of sentiment imposes major question marks on Tether (USDT), currently the biggest stablecoin by
Bitcoin (BTC) has not been this good value since it cost $1,130, one analyst argues as BTC offers a “compelling” risk/reward ratio. In a Twitter thread on July 7, Jurrien Timmer, director of global macro at asset manager Fidelity Investments, simply described $20,000 Bitcoin as “cheap.” Timmer: “In other words, Bitcoin is cheap” While fears
Bitcoin was marginally higher to start the weekend, as bulls were able to fight through Friday’s volatility. Prices of the world’s largest token rose above $22,000 earlier in the session, whilst ETH continues to trade above $1,200. Bitcoin BTC was trading marginally in the green on Saturday, as prices of the token rose above $22,000
Los Angeles International Airport received a $50 million grant from the federal infrastructure bill for terminal road improvements, among the largest dispersed from the $1 billion allocated to 85 airports nationally. The grants are the first allotment in a five-year, $5 billion airport terminal grant program funded by the Infrastructure Investment and Jobs Act, Transportation
Gold prices remain unchanged on Saturday. 10 gram of 24-carat gold is currently trading at Rs 51,110, whereas, 10 gram of 22-carat gold is trading at Rs 46,850. Silver prices also remain unchanged with one kg of precious metal trading at Rs 57,000. In US, gold was on course to fall for a fourth straight
It would be very irritating to have a rally suck in all the bears salivating for a crash from a bear-market rally peak and then decimate the shorts with… by Charles Hugh Smith via Of Two Minds It would be very irritating to have a rally suck in all the bears salivating for a crash
Keeping financial accounts safe from cyberattacks has become more important than ever as Internet crimes continue to rise. The Federal Bureau of Investigation estimates that cybercrime cost its victims $6.9 billion in 2021. If you have a 401(k) or another plan covered by the Employee Retirement Income Security Act (ERISA), you may be wondering whether
Boris Johnson’s allies aim to stop Rishi Sunak becoming Conservative party leader and are accusing the former chancellor of treachery for triggering the prime minister’s premature exit. More than 50 Conservative MPs quit the government after Sunak and health secretary Sajid Javid resigned on Tuesday, leading Johnson to step down as Tory leader two days
The body of former Japanese prime minister Shinzo Abe was taken to his home in Tokyo on Saturday as the nation mourned the death of its longest-serving prime minister and the country’s most consequential modern leader. Abe, aged 67, was shot twice while giving a campaign speech in the city of Nara on Friday. His
Banks’ souring sentiment toward buyout loans and a drought in initial public offerings are pressuring both ends of private equity’s deal machine, whose essence is the buying and selling of companies. To make things worse, pension and endowment funds — the industry’s traditional cornerstone investors — may no longer have new money for their old
Shares of Meta Platforms (META) have settled into the $150-170 range in recent weeks. Though the metaverse as we know it may arrive sooner than we think, questions linger as to whether Meta will even be a major player once the virtual and augmented worlds of tomorrow arrive. Indeed, Zuckerberg’s ambitious comments about the metaverse
In this article OXY SAVE UPST GME TWTR LEVI Check out the companies making headlines before the bell: Levi Strauss (LEVI) – Levi Strauss rallied 3.9% in the premarket after reporting better-than-expected sales and profit for its latest quarter, helped by higher prices and strong demand for its denim offerings. Levi Strauss also raised its
Sharing is Caring! By Graham Summers, MBA Yesterday, I revealed some disturbing news. That news? That the economy is already in recession. It’s not a matter of a recession arriving soon… a recession is already here. By quick way of review… 1) Copper, a commodity that is closely aligned with economic growth, has erased HALF
By far, the innovation with the most impact in the Web3 world this year is the sidechain. The highest-volume blockchain providers in the world — Binance, Polygon, Ankr and Avalanche — have all recently released sidechain functionality. They are investing hundreds of millions into these new implementations — and with good reason. Sidechains are the
All of the real, inflation-adjusted U.S. home price appreciation from 1990 to 2021 was due to falling interest rates, at least according to this simple analysis. U.S. mortgage rates may never go lower than they were last year so the multi-decade Great Appreciation of house prices is now over. Decades of Falling Mortgage Rates In
The Federal Deposit Insurance Corporation (FDIC) is probing crypto lender Voyager Digital over claims that it is FDIC-insured. The crypto firm previously explained that through its strategic relationships with Metropolitan Commercial Bank, “all customers’ USD held with Voyager is FDIC insured.” Voyager Probed by FDIC The Federal Deposit Insurance Corporation (FDIC) is looking into Voyager
The Supreme Court decision in Carson v. Makin may render unconstitutional issuer statutes that prohibit the use of bond proceeds for religious purposes. The court ruled last month that if a state chooses to subsidize private education, it cannot disqualify some private schools solely because of religious affiliation. The ruling could change the way some
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) – Once again, the gold market is limping its way into the weekend after seeing a nearly 4% drop, its biggest
It appears that we are about to hit the motherlode of mass layoffs… by Mac Slavo of SHTFplan The world is seeing a massive round of layoffs as we enter the month of July. Even Mark Zuckerberg, the CEO and founder of Facebook, now Meta Platforms, is telling his employees to brace for layoffs. It
Earning more money is the primary goal of most Americans—and in the past few years, they’ve found that changing jobs is the fastest way to do so. Gone is the era of 20 years at the same company with a gold watch at retirement. The average American stays at a job for 4.1 years, according
In Horace Pippin’s ‘Saying Prayers’ (1943), the kitchen is the focus of a loving home © Brandywine River Museum of Art, Purchased with the Betsy James Wyeth Fund, 1980 No matter where I’ve been in the world or what I’ve spent the day doing in the city in which I live, I always feel a
Elon Musk has notified Twitter that he intends to terminate his agreement to buy the social media group for $44bn, accusing it of disclosing “false and misleading” information about the number of fake and spam accounts. Musk’s attempt to pull out of the deal sets the stage for a high-stakes legal battle between the billionaire
Ameriprise’s independent brokerage notched one of the biggest financial advisor recruiting wins of the year, adding a billion-dollar team that left rival Edward Jones. Advisor Jennifer Marcontell and eight other employees launched Houston-area independent practice Marcontell Wealth Management after 23 years at Edward Jones, where the team managed $1.7 billion in client assets. Edward Jones