After the first full week of 2021, munis mostly brushed off the volatile news cycle and risk-on/risk-off movements in equities and U.S. Treasuries as technicals remained squarely in the muni market’s favor. Municipals were little changed Monday as participants await the larger new-issue calendar while equities and U.S. Treasuries react to tumultuous news out of
Gold price today fell to Rs 52,420 from Rs 52,860, while the silver price was trending at Rs 64,800 per kg, according to the Good Returns website. Gold jewellery price varies across India, the second-largest consumer of the metal, due to excise duty, state taxes, and making changes. In New Delhi, the gold price of
After four years of a Republican-dominated government, it’s now the Democrats’ turn to step firmly on the spending and debt gas pedal... and Ron Paul of Ron Paul Liberty Report After four years of a Republican-dominated government sinking the U.S. financial situation further towards bankruptcy, it’s now the Democrats’ turn to step firmly on the
Abercrombie & Fitch updated its 4Q sales and margin outlook, sending the shares of the casual clothing and footwear retailer up 7% on Monday. Abercrombie (ANF) reported that it now expects 4Q sales to decline by 5%-7%, compared to its earlier expectations of a 5%-10% decline. The updated guidance reflects continued momentum in digital sales
A Nio ES6 electric vehicle is on display at an automotive experience area of Wanda Plaza on Nov. 28, 2020 in Beijing, China. VCG | Visual China Group | Getty Images Check out the companies making headlines midday on Monday: Nio — U.S.-listed shares of the Shanghai-based electric vehicle company advanced more than 8% after
by Amy S. A highly-classified “Of Special Importance” new Ministry of Defense (MoD) report circulating in the Kremlin today taking notice of President Donald Trump ending the election war by surrendering to coup forces and an unnamed Republican said to be in frequent touch with the White House saying about him: “He is alone…He is
So you’ve decided you want to become a certified public accountant. If you’ve taken all the undergraduate and graduate-level classes in accounting, business law, and general studies that your state requires, and have logged some work experienced (as required in all but a few states), you’re ready to take the Uniform CPA Examination. This is a
DoubleLine Capital CEO Jeffrey Gundlach on Monday warned that bitcoin could be getting overheated after its massive run in recent months. “I don’t like bitcoin here. I don’t like things that are up on a stilt like that,” the so-called Bond King said on CNBC’s “Halftime Report.” “Bitcoin, to me, is now sort of in
Two Capitol police officers have been suspended after a pro-Trump mob over-ran the Capitol building last week as Washington continued to deal with the fallout of the violent riot ahead of Joe Biden’s inauguration next week. Tim Ryan, the Democratic congressman who chairs the House of Representatives committee that oversees the Capitol Police’s $516m annual
Peter Wells in New York California’s coronavirus death toll is closing in on 30,000 following a deadly start to the year for the country’s most populous state. Authorities on Monday attributed a further 264 fatalities to coronavirus, down from 468 on Sunday. On Saturday, the state reported a one-day record of 695 fatalities, more than
A Democratic sweep of both houses of the U.S. Congress stoked a record flood of cash into renewable-energy ETFs this week. The $6.2 billion iShares Global Clean Energy ETF (ICLN) lured a record $691 million of inflows so far this week, according to data compiled by Bloomberg. Meanwhile, the $4.6 billion Invesco Solar ETF (TAN)
The euphoria in the cryptocurrency market was quelled on Jan.11 as the majority of altcoins saw their prices decline by more than 20% as Bitcoin price sold off sharply. After falling below the $40,000 support level on Jan. 10, selling pressure for Bitcoin (BTC) increased overnight and pushed the price of the top cryptocurrency as
Robert Reffkin, cofounder and CEO of Compass. Getty Images for Fast Company Compass, a much-hyped residential brokerage, has filed documents with the Securities & Exchange Commission for a possible IPO, the company announced on Monday. “The number of shares to be offered and the price range for the proposed offering have not yet been determined,”
Firefighters ride a boat beneath an underpass while conducting search and rescue after heavy rain resulted in flash floods in Washington, DC, U.S. September 10, 2020, in this still image taken from video provided on social media. @DCFIREEMS | via Reuters Intensifying rainfall fueled by climate change has caused nearly $75 billion in flood damage
JP Morgan’s analysts say that the U.S. Securities and Exchange Commission (SEC) approving a bitcoin exchange-traded fund (ETF) is likely negative for bitcoin in the near term. There is optimism around the prospect of the SEC approving a bitcoin ETF under new leadership, the analysts say. SEC Approving Bitcoin ETF Could Be Negative JP Morgan
When my son was younger (say around 10 years old) and had money in his pocket, the toy aisle was the most stressful place in the world. Should he get the LEGO set or the Nerf gun? Or the hundreds of other flashy toys in front of him? The risk of wasting his limited resources on a
Federal Reserve Bank of Richmond President Thomas Barkin says the U.S. could face a bumpy first six months but will be well supported by the rollout of COVID-19 vaccines and fiscal stimulus later in the year. “I do think you’re looking at a second half that is going to be very strong and the question
All the central bank quantitative easing programs do not prevent the bankruptcy domino from accelerating in 2021, just as we saw in… by Daniel Lacalle via Mises I remember that in 2009 three messages were constantly repeated: “In this crisis measures are different, because governments are investing in the recovery by increasing public spending,” “the
Say ‘tech,’ and it’s become natural to think of the FAANG stocks – Facebook, Amazon, Apple, Google, and Netflix. These companies dominate their sector; among them are the first, third, fourth, and fifth largest publicly traded companies, the market’s only $2+ trillion company, and two companies valued over $1 trillion. But the FAANGs are not
Traders work on the floor of the NYSE. NYSE The quick move higher in bond yields is sending a warning about the stock market — especially growth stocks. The benchmark 10-year Treasury has risen about 20 basis points since the start of the year — 1 basis point equals 0.01% — and was at 1.13%
by Martin Armstrong BigTech has shown its true colors. They have been censoring conservatives to push the left-wing revolution because they have been promised, as the “SUPER RICH FRIENDS” that they will inherit the banking systems. They will no longer bail out the banks. Last March, the Fed began to lend on commercial paper for the first
What Is a Writ of Mandamus? A writ of mandamus (also called a writ of mandate) is a court order issued by a judge at a petitioner’s request compelling any government, corporation, or public authority to execute a duty that they are legally obligated to complete. A writ can also be issued when the authority
Brussels is to probe EU governments’ compliance with its centralised buying of coronavirus vaccines, as concerns grow that member states will seek to make their own deals to avoid possible supply shortages. The European Commission is to write to the bloc’s 27 countries to ask them to provide “all the necessary transparency” over any dealings
Bakkt Holdings, a cryptocurrency platform majority owned by Intercontinental Exchange, has announced plans to go public through a combination with a blank-cheque company, bringing together two of the frothiest elements of US markets. New York Stock Exchange parent ICE on Monday said Bakkt has agreed to combine with a Spac sponsored by Chicago-based investment firm
A legendary dealmaker’s family office is changing hands for the second time in four years, under a deal with nearly as many wrinkles as his famed leveraged buyouts. Whitnell & Co. started as the family office of late former Beatrice Companies Chairman Donald P. Kelly before expanding to other high-net-worth and ultrahigh-net-worth clients, trusts, foundations
Shares of MicroStrategy (MSTR), a business intelligence firm with considerable exposure to Bitcoin (BTC), declined sharply on Monday, as profit-taking ensued following a parabolic rally over the past month. The stock touched an intraday low of $464.51 in New York trading, representing a decline of almost 13%. It would later pare losses to trade around
Real estate can be a fluid industry that adapts and evolves quickly. However, there will always be a handful of problems in such a dynamic sector that investors have to navigate. The challenges that investors face in the real estate market can impact their business significantly. With uncertainty in other sectors of the economy, dealing
Handmade signs litter the ground after an anti-eviction protest outside a Mount Rainier, Maryland, apartment complex on Aug. 10, 2020. Leah Millis | Reuters Even with the latest coronavirus relief bill, the economic stresses from the pandemic will continue to mount. An assortment of federal, state, and local foreclosure, eviction, and debt collection moratoria have
Cryptocurrency markets have suffered significant losses during the last 24 hours, as the entire crypto market cap has dropped below a trillion to $823 billion losing roughly 9.9% in value. Since the bitcoin price height on Sunday, January 10, bitcoin’s price plummeted over 25%, seeing the largest price dive of the year. Digital currency markets
A party store saleswoman shows us a critical flaw in our retirement planning. getty Suzy rings up another customer in a party supply store. Surrounded by bright, bouncing balloons celebrating everything from anniversaries to birthdays, Suzy scans a bag of blue plastic spoons while speaking to a friend. Leaning across the checkout counter between bouquets