Loop Capital's Jim Reynolds was among the nine private and public entities that signed a pledge to help bring in more historically underutilized businesses on construction projects.
Super Micro Computer Inc (SMCI) shares are trading lower by 2.6% to $612.66 during Monday?s session, pulling back after gaining some 16% last week. The PPI report revealed last week also showed a smaller-than-expected increase in producer prices. This cooling in inflation suggests that the Federal Reserve might be inclined to cut interest rates more aggressively.
The measure would have requested $20 billion of bond authority from voters in nine San Francisco-area counties; backers said they would try in a later year.
Part of the surge in issuance came from issuers tapping the capital market after several years due to the inability to no longer postpone long-delayed projects and the drying up of pandemic aid.
VRDOs may be a "short-term solution" for issuers to refinance when the Fed starts cutting rates, said James Pruskowski, chief investment officer at 16Rock Asset Management.
Municipal bond insurers wrapped $18.592 billion in the first half of 2024, a 19.5% increase from the $15.561 billion insured in the first half of 2023, according to LSEG data.
Mastercard Incorporated? shares are trading lower premarket today. The reduction is expected to impact around 1,000 employees, based on Mastercard?s reported headcount of around 33,400 as of 2023. Mastercard (MA) projects most job reductions to be completed by September 30, reported Bloomberg.
The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index remained in the ?Fear? zone on Friday. U.S. stocks settled higher on Friday, with the S&P 500 recording its best week since Nov. 2023. On the economic data front, housing starts in the U.S. declined by 6.8% from the prior month to an annualized rate of 1.238 million in July.
Mary Daly, the President of the San Francisco Federal Reserve, expressed her support for a cautious approach to interest rate cuts, in a recent interview. What Happened: Daly, a voting member of the Federal Open Market Committee, has suggested that the U.S. economy is not yet in a position to warrant rapid interest rate cuts.
Barclays (JJCTF) rate strategists believe the 10-year part of the Treasury curve has room to cheapen. "In that case, tax-exempts will likely not only follow, but underperform."
Missouri's Kansas City Public Schools is looking to take its modernization plan to voters and seek approval for a $474 million GO bond measure next April.
U.S. stocks traded higher midway through trading, with the Dow Jones gaining around 75 points on Friday. The Dow traded up 0.19% to 40,638.81 while the NASDAQ rose 0.25% to 17,638.93. The S&P 500 also rose, gaining, 0.16% to 5,551.89. Check This Out: More Than $30M Bet On This Stock? Leading and Lagging SectorsCommunication services shares climbed by 0.4% on Thursday.
On August 15, 2024, the U.S. stock market experienced a robust rally as better-than-expected retail data and a drop in initial jobless claims to their lowest levels since early July sparked renewed optimism.
Preliminary estimates from the University of Michigan reveal that U.S. consumer confidence rose slightly more than expected in August, recovering after hitting its lowest level since November 2023 in July. This month?s consumer morale has been notably influenced by political developments, with sentiment increasing among Democrats and declining among Republicans.
Wall Street appears on track to build on gain as expectations concerning a continued moderation in inflation and soft-landing gain ground. The market could draw cues from her speech, as traders assess the implications of the policy proposals for the various sectors and stocks.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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