The municipal bond market saw minimal changes on Thursday as the largest deals were priced, leading to a somewhat stagnant situation. U.S. Treasury yields experienced a decrease, while equities showed an uptick towards the end of the day. According to Refinitiv Municipal Market Data and ICE Data Services, the muni-to-Treasury ratios ranged from 66% to
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A new report by AlixPartners suggests that Chinese automakers are on track to capture a significant portion of the global automotive market share by 2030. The report projects that Chinese automakers will hold 33% of the market share by the end of the decade, a substantial increase from their current 21% share. This growth is
Investing in municipal bonds can be a lucrative way for investors to earn tax-advantaged income. These bonds offer income that is free from federal taxes, making them an attractive option for wealthier individuals. In addition, investors who reside in the state where the bond is issued may also avoid state taxes, further increasing their potential
Denver Health, Colorado’s primary safety net healthcare provider, is facing a critical financial situation. The escalating costs of uncompensated care have amounted to $140 million in the past year alone. Without additional funding, the health system will be forced to make significant cuts in services, causing delays in care and hindering necessary maintenance. To address
The first half of the year has shown a 2.9% increase in U.S. auto sales compared to the previous year, but experts are cautious about maintaining this momentum through the year-end. The growth is expected to slow down in the next six months, with sales reaching approximately 15.7 million units, marking a modest 1.3% increase
The housing market in the United States is facing numerous challenges that are likely to impede any significant recovery in the coming years. Bank of America economists have painted a rather bleak picture of the sector, citing various factors that are contributing to the current stagnation. Despite a surge in housing activity during the pandemic,
Bitcoin has been facing a downward trend in June, with a recent sell-off pushing its price down to the $62,300 range. This selling pressure is largely attributed to crypto mining companies selling off Bitcoin as their revenues have taken a hit. In the aftermath of the reward halving in April, cryptocurrency miners experienced a 50%
Target, the Minneapolis-based discount retailer, has made a significant move to enhance its online marketplace by partnering with Shopify. This collaboration aims to bring new and trendier brands to Target’s website, allowing smaller or up-and-coming businesses using the Shopify platform to join Target Plus, the retailer’s third-party marketplace. This strategic alliance is expected to benefit
Bitcoin miners have been actively selling their holdings following the halving effect, based on on-chain data. This continuous selling pressure is not showing any signs of abating, and it is feared that there may soon be very little Bitcoin left to be sold in the market. The halving event, which halves the block reward for
The recent decline in wholesale prices of Flying Fairy, a prestigious Chinese alcohol brand, has raised concerns about the state of China’s economy. The 5% drop in prices over the span of a week and the overall 30% decrease since September 2021 indicate a significant shift in market dynamics. Nomura analysts have pointed out that