Municipal bonds experienced fluctuations in certain areas as the week’s final major releases unfolded, with municipal bond mutual fund flows demonstrating retail participation and high-yield bonds consistently outperforming the broader investment-grade market. Uncertainties surrounding inflation expectations and potential rate cut timings prompted pressure on U.S. Treasuries, as economic data and Federal Reserve statements gave market
investment
Dan Loeb’s Third Point hedge fund made significant moves in the technology sector during the first quarter of the year, signaling a high level of confidence in further gains. The fund opened a stake valued at over $450 million in Alphabet, while also increasing positions in Amazon and Meta Platforms. These strategic investments reflect Loeb’s
Baupost’s Seth Klarman is known for his keen eye for opportunities in the market, and the first quarter of this year was no exception. Klarman made strategic moves by adding several artificial intelligence-linked stocks to his portfolio. One notable addition was Outbrain, a web recommendation platform that utilizes AI predictions to enhance web services for
Interactive Brokers (Nasdaq: NASDAQ:IBKR) has recently expanded its offerings in the United Kingdom by introducing cryptocurrency trading to its platform. This new addition allows both individual and institutional investor clients of Interactive Brokers (U.K.) Limited (IBUK) to trade a variety of crypto assets, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). With
The Colorado Legislature has concluded its session with accomplishments that lawmakers have deemed “nothing short of transformational.” Governor Jared Polis praised the magnitude of achievements made during this session, emphasizing that it has been the most significant since he took office in 2019. The session included the passing of a fiscal 2025 budget, school funding
The U.S. dollar held steady on Tuesday, as investors eagerly awaited the release of crucial inflation data that could influence future interest rate decisions. The Dollar Index, which measures the greenback against a basket of other major currencies, inched up by 0.1% to 105.250 during early trading hours. With traders adopting a cautious approach, the
The price of Bitcoin saw a minor increase on Tuesday, hovering within a trading range that has been established over the past couple of months. Despite a recovery in capital flows into crypto investment products, the movement in price was minimal. Bitcoin rose by 2.5% in the last 24 hours, reaching $62,498.6 by 01:05 ET.
The once mundane utilities sector, traditionally known for its stability and consistent dividends, is now experiencing a resurgence in interest as the wave of artificial intelligence (AI) innovation sweeps across industries. Wells Fargo recently highlighted the potential for certain utility companies to capitalize on the growing excitement around AI and data centers. In the first
The recent rebound in Bitcoin price on Monday has sparked optimism among investors, as they eagerly await the upcoming United States inflation data for April. This data could potentially influence the Federal Reserve’s decision on future borrowing costs in 2024. The slight fall in the dollar on the same day has also provided some relief
Recent reports indicate a decline in the number of homeowners taking on remodeling projects. The Leading Indicator of Remodeling Activity (LIRA) peaked at 17.3% in the third quarter of 2022 but has been on a downward trend ever since. The NAHB/Westlake Royal Remodeling Market Index also reflects a similar decline, with the measure falling to