zacks.com zacks.com/ultimate
admin
Illinois in on track to put $2.7 billion of its American Rescue Plan Act relief toward paying down a $4.5 billion federal loan needed to cover the COVID-19-induced spike in unemployment claims. Bonds, unemployment insurance premiums and benefit cuts are the subjects of negotiations with business and labor about how to cover the balance. Senate
Municipals were hit hard Thursday with up to nine basis point cuts on the short end, but the damage was felt across the curve. U.S. Treasury yields rose while equities rallied in another see-saw day for markets. Trading was weaker out of the gates, with large blocks of high-grades changing hands at higher yields. Long
In this article BLK Larry Fink David Orrell | CNBC Russia’s invasion of Ukraine could accelerate the adoption of digital currencies by central banks, according to BlackRock’s Larry Fink. The CEO of the $10 trillion-asset money manager called it one of the “less discussed” outcomes of the war, which began one month ago, in his
Gas prices hit over $6 dollars per gallon at a petrol station in Los Angeles, California on February 23, 2022. Frederic J. Brown | AFP | Getty Images Gasoline prices have been fluctuating but are likely to keep moving sporadically higher, and more drivers could pay over $5 and even $6 a gallon for unleaded
Ether (ETH) bulls have a few good reasons to celebrate the 20% gain between March 14 and March 24. The price increase surprised many and led to the first daily close above $3,000 in 34 days. Even with this move, Friday’s $2.4 billion Ether options expiry is somewhat uncertain because bears can easily profit by
It would be inaccurate to call young interior designer and entrepreneur Francesca Grace “up and coming” after her television debut in March 2022 on HGTV’s Fix My Flip. She has officially arrived. You may not have heard her name yet, but reality television fans will recognize Grace’s work from Bravo’s Real Housewives of Beverly Hills.
A view of the Evergrande Changqing community on Sept. 24, 2021, in Wuhan, Hubei Province, China. Getty Images | Getty Images News | Getty Images A slew of Chinese real estate developers said this week that they are either not able to release their financial results on time or have yet to set board meetings
The Bank of England has revealed that it is working on sketching a regulatory framework for crypto assets, according to statements stemming from the central bank’s Financial Policy Committee on Thursday. BOE Stresses Crypto Assets Need Effective Public Policy Frameworks On Thursday, the Bank of England (BOE) told the press that it is sketching out
Lawyers for Preston Hollow Capital LLC and Nuveen Investments will square off Thursday over summary judgment requests and what expert testimony should be heard when PHC’s defamation allegations potentially go to trial this summer. Dallas-based PHC’s legal pursuit of the Chicago-based investment powerhouse forges on two years after a Delaware Chancery Court judge concluded the
Former Massachusetts Secretary of Transportation Richard Davey has been chosen to be the next president of New York City Transit. New York Metropolitan Transportation Authority CEO Janno Lieber announced Wednesday that Davey will oversee operations for the city’s subways, buses, paratransit services and the Staten Island Railway. He will take over as president and chief
Development across the cryptocurrency ecosystem continues to move forward despite the day-to-day whipsaw price movements and this progress is furthering the public’s awareness of Web3 and the value of blockchain technology. One project that has been climbing the charts amidst a marketing push to develop better brand recognition is Fetch.ai, a protocol focused on building
In this article OXY Wall Street legends Carl Icahn and Warren Buffett have taken different approaches to shares of Occidental Petroleum in recent weeks. Icahn had been selling to exit his long equity position. Buffett’s conglomerate, Berkshire Hathaway, has been building a position worth billions. In an interview Tuesday on CNBC’s “Closing Bell: Overtime,” Icahn
In this article GME WGO GIS ADBE The General Mills logo is displayed on a box of Raisin Nut Bran cereal at Scotty’s Market on September 20, 2017 in San Rafael, California. Justin Sullivan | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Adobe — Shares for the
Bitcoin (BTC) and select altcoins broke above their immediate resistance levels but are struggling to sustain the higher levels, indicating that bears are not ready to give up. It is speculated that the spike in Bitcoin’s price on March 22 may have been caused by reports that Terra had sent 125 million USDT to Binance
The Biden administration has established a task force to tackle the decades-old problem of home appraisals undervaluing properties in Black communities. The property appraisal and valuation equity action plan (PAVE) is aimed squarely at dismantling racial bias in the home lending and appraisal process and promoting generational wealth creation through homeownership. When enacted, PAVE represents
Prospective home buyers arrive with a realtor to a house for sale in Dunlap, Illinois. Daniel Acker | Bloomberg | Getty Images A sharp increase in mortgage interest rates is taking its toll on loan demand, especially refinances. Total mortgage application volume fell 8.1% last week compared with the previous week, according to the Mortgage
In this video, we cover the top 5 option strategies for monthly income for option traders. This video will give you an overview if you just started trading options. You will see examples of various option strategies like selling a covered call or upside calls that you can do with any stock or ETF which
Receding trade and growth worries, and rising geopolitical uncertainties have sent aerospace & defense stocks higher. IShares U.S. Aerospace & Defense ETF: https://www.zacks.com/funds/etf/ITA/profile?cid=CS-YOUTUBE-FT-VID SPDR S&P Aerospace & Defense ETF: https://www.zacks.com/funds/etf/XAR/profile?cid=CS-YOUTUBE-FT-VID Invesco Aerospace & Defense ETF: https://www.zacks.com/funds/etf/PPA/profile?cid=CS-YOUTUBE-FT-VID Boeing: https://www.zacks.com/stock/quote/BA?cid=CS-YOUTUBE-FT-VID Lockheed Martin: https://www.zacks.com/stock/quote/LMT?cid=CS-YOUTUBE-FT-VID United Technologies: https://www.zacks.com/stock/quote/BA?cid=CS-YOUTUBE-FT-VID Raytheon: https://www.zacks.com/stock/quote/RTN?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: http://stocktwits.com/ZacksResearch Follow us on Twitter:
Municipals sold off double-digit basis points Tuesday following continued market volatility and a rapidly rising U.S. Treasury market. Triple-A benchmark yields were cut up to 12 basis points, with the asset class unable to ignore the ongoing pressure from U.S. Treasuries, which saw yields rise another basis points . The Refinitiv MMD 10-year spot has