Total 2022 municipal bond sale volume plunged 21% from 2021, as issuers were flush with cash and rising interest rates stymied refundings and taxable issuances. December municipal bond issuance, at $17.165 billion, also disappointed, dropping 58.1% from the same period a year earlier. The muni market saw $384.086 billion of debt issued in 2022, nearly
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(An excerpt from the book, “Shut Up and Keep Talking: Lessons on Life and Investing from the Floor of the New York Stock Exchange,” by Bob Pisani.) “No one ever made a decision because of a number. They need a story.”—Daniel Kahneman, in Michael Lewis’ “The Undoing Project” related investing news How to play market
Home prices go up and down according to supply and demand. Very simple. But because homes aren’t commodities like wheat and corn it’s much harder to predict how much supply and demand there actually is. I’ve been following home prices for 40 years but the sharp rise during the pandemic caught me by surprise. None
In this article NKLA TGTX CHPT GFS MU Follow your favorite stocksCREATE FREE ACCOUNT A ChargePoint station at the New Carrollton Branch Library in New Carrollton, Md. Tom Williams | Cq-roll Call, Inc. | Getty Images Check out the companies making headlines in midday trading. TG Therapeutics — Shares jumped more than 9% after the
The U.S. Virgin Islands would privatize its only two airports under a process launched Thursday that would mark the second long-term lease for a U.S.-based airport asset. The Virgin Islands Port Authority Thursday released an RFQ outlining a relatively fast-paced process that aims to select a final team by the end of 2023 with groundbreaking
Against the backdrop of a persistent drought, Arizona made an initial move toward the possibility of piping desalinated water from the Gulf of California in Mexico to the land-locked state’s growing population. The Arizona Water Infrastructure Finance Authority approved a resolution Dec. 20 allowing the agency to evaluate a proposal from Israel-based IDE Technologies that envisions
Investors have faced a tumultuous year in 2022 as stocks, bonds, and the cryptocurrency sector have all witnessed sharp declines. As of Nov. 30, the performance of a traditional portfolio comprising 60% stocks and 40% bonds has been the worst since 1932, according to a report by Financial Times. The next big question troubling crypto
The Securities and Exchange Commission’s Public Finance Abuse Unit’s recent and relatively novel pursuit of firms accused of violating the limited offering exemption has securities lawyers expecting more focus on that area in the coming year, even likening it to one of the most significant muni enforcement initiatives of the past decade. In September, the
According to a myriad of reports, the People’s Republic of China has been buying hoards of gold during the last year. Consequently, World Gold Council (WGC) statistics show the demand for gold by central banks has risen at the fastest pace in 55 years. Meanwhile, Wells Fargo’s head of real asset strategy, John LaForge, contends
The municipal bond market shrank, retail continues to access it, and broker-dealer holdings have grown, the latest Federal Reserve data show. Fed data show the outstanding universe of munis shrinking in the third quarter in terms of both par basis and market value, said Matt Fabian, a partner at Municipal Market Analytics. The value of
The Brent Spence Bridge Corridor Project has been awarded $1.6 billion in federal funding grants, Kentucky Gov. Andy Beshear and Ohio Gov. Mike DeWine announced Thursday. The approval of the funds will let the improvement project move into the construction phase in 2023. Kentucky and Ohio were seeking the grants under the Infrastructure Investment and
In this article SJR.B-CA RCI.B-CA 2015-HK LUV Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: Shaw Communications (SJR) – Canada’s Competition Tribunal dismissed an attempt by the country’s competition watchdog to block the $26 billion acquisition of the telecom company by rival Rogers Communications (RCI). Shaw surged 10.1%
Traders on the floor of the NYSE, Oct. 7, 2022. Source: NYSE (Click here to subscribe to the new Delivering Alpha newsletter.) Despite this year’s market havoc, investors are feeling fairly optimistic going into 2023, according to a new CNBC Delivering Alpha investor survey. Four out of 10 predict that the S&P 500 will rise 6% to
This is how to trade options, more specifically, the vertical spread. The vertical spreads are fantastic option spreads to trade when you’re looking to trade out larger dollar stocks because it allows you to use less capital for trading those bigger stock. First I want to show you the diagram behind what it looks like
Solana (SOL), the cryptocurrency once supported by Sam Bankman-Fried, pared some losses on Dec. 30, a day after falling to its lowest level since February 2021. Solana price down 97% from November 2021 peak On the daily chart, SOL’s price rebounded to around $10.25, up over 20% from its previous day’s low of approximately $8.
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In this article RSX RSXJ Follow your favorite stocksCREATE FREE ACCOUNT Russian President Vladimir Putin chairs a meeting with members of the Security Council at the Novo-Ogaryovo state residence outside Moscow, Russia November 25, 2022. Alexander Shcherbak | Sputnik | Reuters VanEck is liquidating its Russia-centric exchange-traded funds after the ongoing war in Europe has
Municipals were weaker in spots Thursday as outflows from mutual funds lessened. U.S. Treasuries were firmer five years and out and equities rallied. The three-year muni-UST ratio was at 60%, the five-year at 64%, the 10-year at 68% and the 30-year at 91%, according to Refinitiv MMD’s 3 p.m. read. ICE Data Services had the
Global dealmaking suffered a record fall during the second half of this year, as rising interest rates and economic uncertainty brought a period of frenzied activity to an abrupt close. Mergers and acquisitions worth $1.4tn were announced during the six months to December, according to data provider Refinitiv, down from the $2.2tn agreed in the
The Army Corps of Engineers approved a wetlands work permit for the land in Georgia where electric vehicle maker Rivian plans a 16-million-foot battery and vehicle production plant. Over the last few months, the Corps and federal and state environmental agencies led a review of Rivian’s plans for a factory on 2000 acres of rural