Over the past few months, there has been a significant increase in weekly issuance of municipal bonds. This surge can be attributed to various factors such as pent-up capital needs, diminishing federal aid, and front-loaded issuance by state and local governments. The pace of issuance shows no signs of slowing down, prompting strategists to revise
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Recent on-chain data from Glassnode has highlighted a growing trend among Bitcoin investors towards skepticism regarding the cryptocurrency’s short-term prospects. This sentiment is clearly reflected in the declining exchange-related on-chain volumes, indicating a more cautious approach among market participants. It seems that investors are holding back and refraining from making significant moves in the current
In the nuanced landscape of finance, particularly in the realm of real-world assets (RWAs), the recent announcement by Plume Network marks a pivotal shift. With the launch of the Mineral Vault fund, anchored by the Allegiance Oil & Gas family of companies, the ambition to simplify and democratize the management and investment of mineral interests
Los Angeles is gearing up to host the 2028 Olympics, following a successful event in Paris in 2024. Mayor Karen Bass expressed her anxiety about the preparations needed for the Games but remains confident that the city will rise to the occasion. Reflecting on the 1984 Olympics in Los Angeles, Mayor Bass believes that the
The aftermath of a heated U.S. presidential debate has led to a retreat in the dollar, causing most Asian currencies to strengthen. This shift in the currency market has sparked interest in upcoming inflation data expected to be released later in the day. The Japanese yen, in particular, has experienced a surge in safe haven
The property market in Dubai is currently experiencing a significant surge in sales figures and property values, with 2024 shaping up to be another record year. Local real estate firms have reported increasing demand for property, particularly in the luxury sector, which is driving up prices across the city. This trend comes at a time
Southwest Airlines is undergoing a significant shift in leadership with the announcement that executive chairman and former CEO Gary Kelly will retire next year. This decision comes after nearly four decades of service at Southwest, and in the wake of pressure for changes by activist investor Elliott Investment Management. It is evident that change is
As we approach the culmination of 2024, an era marked by rapid technological advancements and fluctuating stock prices, investors are on the lookout for viable opportunities within the tech sector. UBS, a leading global financial services firm, has provided a timely analysis, identifying 11 high-conviction stock picks in technology, media, and telecommunications. Their insights come
Starbucks’ new CEO, Brian Niccol, has outlined his strategy to first improve the chain’s U.S. business before tackling issues abroad. In an open letter addressed to customers, employees, and stakeholders, Niccol acknowledged the shortcomings in some U.S. locations, citing inconsistent product quality, long wait times, overwhelming menus, and hectic handoffs as areas that need improvement.
When financial giant Citi closed its public finance division, most of its bankers swiftly transitioned to new roles in the municipal market. However, one banker, Archana Chandrasekhar, took a different path. Instead of immediately jumping into a new position, she decided to take a step back and evaluate her next move. Reflecting on her 16