The Municipal Bond market experienced a surge in issuance in May, surpassing $40 billion for the first time since 2016. The current volume of $43.957 billion in 866 issues represents a significant increase of 46.9% from the previous year. This surge in issuance can be attributed to several factors, including Federal Reserve policy uncertainty, pent-up
Investors have been riding high on the semiconductor sector in recent years, enjoying substantial returns on their investments. However, there are signs that a downturn may be on the horizon. With Nvidia (NVDA) showing signs of potential profit-taking after its post-earnings surge, it might be time for investors to consider hedging against further downside in
UBS recently released a list of its highest-conviction energy picks for the remainder of the year. Analyst Josh Silverstein highlighted the firm’s top buy-rated stocks in the energy and utilities sectors, including companies like Suncor Energy, Coterra Energy, SLB, NextEra Energy, and First Solar. These picks are based on the current market trends and potential
In a rapidly evolving crypto market, SimpleSwap, an instant crypto exchange based in George Town, Cayman Islands, is shaking things up with their new Trading Contest. With a generous prize pool of $12,000 up for grabs, crypto enthusiasts have the opportunity to compete for cash prizes by swapping over 1800 different assets on the platform.
The U.S. dollar experienced a slight rise in early European trade, bouncing back from previous losses in anticipation of key inflation data. The Dollar Index, which tracks the greenback against a basket of six other currencies, showed a 0.1% increase to 104.735. This movement followed a dip to 104.63 overnight, highlighting the volatility in currency
When Paul Lester ventured into the realm of luxury real estate in Los Angeles, he revolutionized the traditional property viewing experience. By seamlessly blending the worlds of art and real estate, Lester orchestrated an innovative approach that captivated prospective buyers. Transforming a Beverly Hills property viewing into an art opening, Lester curated a collection of
Boeing CEO Dave Calhoun and other company executives are set to meet with the Federal Aviation Administration to showcase a comprehensive quality improvement plan. This plan aims to address issues related to staff training and production practices within Boeing’s factories, following a critical incident involving a 737 Max 9 airplane earlier this year. The FAA
The housing market saw a significant decline in signed sales contracts on existing homes in April, dropping by 7.7% compared to March. This marks the slowest pace since April 2020, according to the National Association of Realtors. Additionally, pending sales were 7.4% lower than in April of the previous year, highlighting a concerning trend for
The Washington, D.C., City Council is proposing the elimination of the tax exemption on interest on out-of-state municipal bonds. This measure is intended to raise revenue, but it is facing opposition from Mayor Muriel Bowser. The mayor has made it clear that she does not support additional tax hikes beyond what was proposed in her
Baird recently initiated UnitedHealth as outperform, citing the health insurance company as a favorite idea at the firm. The firm views UnitedHealth Group as the most vertically and horizontally integrated Managed Care company, with a $597 price target indicating a potential 20% upside. Evercore ISI upgraded Okta to outperform from in line after the identity