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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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One of the top tech stocks to watch this summer is Broadcom, according to Wall Street analysts. This semiconductor manufacturer has been highlighted as a “must-own” AI stock by Melius Research analyst Ben Reitzes. Despite facing tough competition from companies like Nvidia, Broadcom is poised for success. With its recent acquisition of VMware in 2023,
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The unexpected results of the recent elections in India have created a level of political uncertainty that has the potential to influence market sentiment in the short term. While some analysts have expressed concerns about the implications of this uncertainty, Citi Research maintains that it does not warrant immediate adjustments to their macroeconomic forecasts for
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The Covid-19 pandemic revealed both vulnerabilities and strengths in the American economy, with the child care industry taking the spotlight as daycares closed, schools transitioned to remote learning, and parents struggled to balance work and childcare responsibilities. While employment in the child care sector has mostly returned to pre-pandemic levels, there continues to be a
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