The municipal market experienced little change on Wednesday, with a focus on the primary market activities that showcased a high volume of issuance from major entities such as the New York City Transitional Finance Authority and the Regents of the University of California. Additionally, the market was influenced by the performance of U.S. Treasuries and
Potential
In a move to transform the global currency exchange market, Ripmex has announced the presale of its revolutionary RPX tokens. RPX, a real-time gross settlement token, is designed to facilitate secure and low-cost transactions for banks, payment providers, digital asset exchanges, and businesses. By eliminating commission fees, RPX not only enhances potential profitability but also
The recent drop in mortgage rates to the lowest level since March spurred a significant increase in refinancing applications. Last week, there was a 15% jump in refinancing applications, compared to the week before, reaching the highest level since August 2022. However, despite this surge in demand, refinance applications are still significantly lower than pre-pandemic
In recent years, the trend of companies staying private for longer periods of time before opting for an Initial Public Offering (IPO) has become more prevalent. According to Morgan Stanley, the average private company now remains private for roughly 11 years, compared to a median age of eight years in previous decades. This shift has
In recent times, Asian currencies have been experiencing fluctuations in value against the US dollar due to various global political events. The Federal Reserve’s decision to potentially cut interest rates, as well as statements made by US Republican presidential candidate Donald Trump, have had a significant impact on the currency market in the region. This
The United States is currently facing a housing crisis, characterized by a tight supply of homes, especially affordable ones, and high mortgage rates. However, the severity of the issue varies significantly from state to state. As a result, companies considering location decisions take into account the local residential real estate market’s conditions. They aim to
The Chief Executive Officer of BlackRock, Larry Fink, recently highlighted the major opportunities in private infrastructure investment. He emphasized the increasing demand for capital and infrastructure, especially in areas like financing data centers for artificial intelligence (AI) and supporting the energy transition. Fink pointed out that private capital will play a critical role in addressing
Phoenix is returning to the municipal market after 12 years with a new money general obligation bond issue. The city’s chief financial officer, Kathleen Gitkin, has expressed high expectations for the $238.8 million tax-exempt and taxable deal, which is scheduled to price through a Piper Sandler-led team of underwriters. According to Gitkin, there is a
As the second-quarter earnings season kicks off, Mark Mahaney from Evercore ISI has provided an update on his tactical calls for the large-cap internet sector. His optimistic outlook for the sector is based on sustainable valuations and favorable market conditions for the remainder of the year. Analysis of Top Picks Mahaney’s top picks include Alphabet,
The foreign exchange market is an intricate system that is heavily influenced by various political events and economic indicators. The recent U.S. dollar fluctuations have highlighted the impact of political news on currency values. This article will delve into the recent events surrounding former President Donald Trump and the Federal Reserve’s interest rate policies, and