The municipal bond market has shown little change in recent days, with U.S. Treasuries being firmer and equities experiencing mixed activity towards the end of the session. Despite this stability, municipal bond yields remain consistent with levels observed at the beginning of the summer last year. According to Tom Kozlik, the managing director and head
Strategy
McDonald’s executives recently acknowledged that many consumers, especially those with lower incomes, perceive the company’s prices as too high. This realization comes at a time when many people are facing challenges due to high inflation, causing them to rethink their spending habits, particularly when it comes to dining out. During the second-quarter earnings call, McDonald’s
New York City is set to offer $1.2 billion of refunding general obligation bonds, marking its first deal of the fiscal year. With the market’s appetite for Big Apple debt being closely watched, there are both challenges and opportunities that come with such a significant issuance. The city’s regular presence in the market has created
Renowned trader Peter Brandt did not hold back when responding to economist Peter Schiff’s criticisms of Bitcoin. Schiff’s comments on Bitcoin being a “best kept secret” were met with Brandt’s sharp rebuttal, pointing out the vast difference in attendance between Bitcoin and gold conferences. Brandt’s response highlighted the changing landscape of investment preferences, with more
The recent trends in the Nasdaq-100 index have indicated significant profit taking from many investors who have chosen to reduce their exposure to what is known as the “Magnificent Seven.” This includes tech giants such as Nvidia, Meta Platforms, and Alphabet, among others. As we continue to digest the earnings reports of these companies, there
The cryptocurrency market experienced significant growth in premarket trading, with Bitcoin leading the way. Bitcoin, the world’s largest digital asset, surged over 4.7% in the past 24 hours, reaching a price of $67,346.0 as of 09:49 GMT. This upward trend helped Bitcoin recover some of its recent losses, with investors closely watching the market as
Lamb Weston, the Idaho-based supplier of frozen potato and vegetable products, faced a major setback as it emerged as the worst-performing stock in the S & P 500 following disappointing quarterly results. The fully diluted earnings per share plummeted over 70% from the same period the previous year, triggering a massive dip in the stock
Ford Motor recently reported its second-quarter earnings, falling short of Wall Street’s expectations on earnings per share while exceeding revenue estimates. The automaker faced challenges due to warranty costs that have been an ongoing issue for several years. Despite beating revenue projections, Ford’s stock took a hit, dropping about 11% after the markets closed. The
Chipotle Mexican Grill reported quarterly earnings and revenue that exceeded analysts’ expectations, showcasing its ability to thrive in a challenging market environment. The company’s earnings per share of 34 cents adjusted versus the expected 32 cents, and revenue of $2.97 billion compared to the projected $2.94 billion, reflect its strong performance in the second quarter.
Robert Kiyosaki, the well-known author of “Rich Dad, Poor Dad,” continues to emphasize the importance of generating wealth through passive income. He suggests that as real estate markets crash, it is crucial to focus on making money while you sleep. This valuable lesson from his Rich Dad character serves as a reminder that the time