The municipal market showed little movement on Monday, outperforming Treasuries, which saw slight losses, as equities ticked up towards the close of the day. Refinitiv Municipal Market Data reported muni-to-Treasury ratios hovering in the mid-60% range for most tenors, indicating relative stability within the market. Despite a recent period of negative performance, spurred by elevated
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As we navigate through the second half of 2024, experts are divided over the direction in which the housing market is heading. While some, like Glenn Kelman, CEO of Redfin, express optimism about the market’s potential for improvement, others like Jeff Ostrowski from Bankrate.com, remain cautious about making definitive predictions. Shifts in Mortgage Rates and
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In a recent announcement by Moderna, the biotech company revealed promising results from a late-stage trial of its combination vaccine targeting both Covid-19 and the flu. This new development has the potential to revolutionize the way we approach vaccinations against respiratory viruses, providing added convenience and effectiveness. Moderna’s CEO, Stephane Bancel, highlighted the benefits of
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The recent blowout nonfarm payrolls report had a significant impact on Asian currencies, causing many of them to retreat as the dollar rebounded. This rebound was fueled by fears of longer-lasting high interest rates, which were reignited by the strong economic data. Regional trading volumes were limited due to market holidays in key countries like
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Bitcoin’s price has stabilized after experiencing a significant drop over the weekend, retracting from its recent highs. The focus is now on key signals regarding U.S. interest rates, which have had a direct impact on the world’s largest cryptocurrency. Last week, Bitcoin reached as high as $72,000, nearing record levels set in March. However, a
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The world of cryptocurrency was forever changed when Satoshi Nakamoto, the enigmatic creator of Bitcoin, introduced his vision of a decentralized, peer-to-peer electronic cash system. This vision has sparked a revolution in the digital world, reshaping how we view money, value, and decentralization. Michael Saylor, the chairman of MicroStrategy and a vocal supporter of Bitcoin,
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As the artificial intelligence boom continues to gain momentum, investors like Victoria Greene are closely monitoring the market for potential winners and losers. The chief investment officer of G Squared Private Wealth believes that the gap between successful and unsuccessful AI companies will widen in the coming year. Greene foresees a shift from AI being
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