Last week’s pricing of $705.1 million of bonds for the NFL Tennessee Titans’ new stadium helps cement its place at the top of the list for American stadium subsidies. The Sports Authority of the Metropolitan Government of Nashville and Davidson County priced the deal Aug. 9. Proceeds help finance the construction of what boosters call
Foreign investors have dumped Chinese stocks and bonds after losing confidence in Beijing’s promises of more help to shore up the country’s wobbling economy. Financial Times calculations based on data from Hong Kong’s Stock Connect trading scheme show that investors have almost completely reversed Rmb54bn ($7.4bn) in net purchases of Chinese equities that followed a
Ripple Labs has voiced its opposition towards the United States securities regulator’s move towards filing an interlocutory appeal relating to the summary judgment laid down by U.S. District Court Judge Analisa Torres on Jul. 13. In an Aug. 16 letter to Torres of the Southern District of New York, Ripple’s lawyers explained that because the Securities
A runner jogs past the Cisco Systems headquarters in San Jose, California, Feb. 8, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in extended trading. Cisco Systems — Shares of the computer networking giant gained about 2.5% after posting fiscal fourth-quarter earnings that beat Wall Street’s expectations. The
One of the biggest design trends in recent years is sustainability. Whether it’s choosing non-toxic materials, quality products built to last, or ethical sourcing—consumers are being more thoughtful about how their purchases impact the environment. This especially applies to outdoor spaces, explains Nick Arambula co-founder of Neighbor. “Sustainability is resonating with consumers because there is
Despite persistent predictions that a recession is imminent, the U.S. economy has fared surprisingly well. The first half of 2023 notched two quarters of positive growth, while a strong labor market and resilient consumer spending bodes well for the months to come. Gross domestic product, which tracks the overall health of the economy, rose more
Two more stocks for your aggressive growth radar screen. Visit our website: https://www.zacks.com Visit our Stocktwits account: https://stocktwits.com/ZacksResearch Check out our weekly promotion: https://www.zacks.com/promo If you’re interested in our services, please check out Zacks Ultimate: https://www.zacks.com/ultimate/?adid=YOUTUBE&cid=sm-YOUTUBE
Municipals were mixed Wednesday amid another busy new-issue day led by the University of California Regents in the negotiated space and gilt-edged Tennessee in the competitive market. U.S. Treasuries were weaker again, pushing the 10-year UST to a high not seen since 2008. Equities ended the trading session down. Triple-A benchmarks saw cuts out long,
Bitcoin (BTC) price is down today as crypto opens a new week underperforming major risk assets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Binance “FUD” threatens BTC price support Data from Cointelegraph Markets Pro and TradingView shows Bitcoin (BTC) down 1.6% on the day, heading toward $26,500. The largest cryptocurrency spent most of the weekend in a
The Federal Emergency Management Agency’s response to the wildfires that took the Hawaiian island of Maui by storm will likely add pressure to negotiations to replenish its already dwindling Disaster Relief Fund, which will be a major focus when Congress returns from recess Sept. 5. The wildfires that destroyed at least 20 square miles, 13,000
Lower gas and electricity prices drove a sharp drop in UK inflation to 6.8 per cent in July from 7.9 per cent the previous month, the lowest rate of price increases since February last year. The figure met economists’ expectations and will come as a modest relief after wage data on Tuesday was surprisingly strong, highlighting the work
The New York Stock Exchange welcomes executives and guests of Cava in celebration of its initial public offering, June 15, 2023. NYSE Check out the companies making headlines in extended trading. H&R Block — The tax preparer rose nearly 5.9% after posting quarterly earnings per share of $2.05 that beat Wall Street’s expectations of $1.88,
The wheels of the United States luxury real estate market keep turning with big-time sales and exceptional new listings popping up every day. While on opposite coasts and consisting of disparate inventory, New York City and Los Angeles share similarly competitive markets and, as such, have some of the most expensive real estate in the
Residential home construction by Shea Homes builders is shown in Encinitas, California, May 16, 2023. Mike Blake | Reuters Rising mortgage rates are hitting potential homebuyers hard, and that is taking steam out of the homebuilding market. Builder sentiment in the market for newly built homes dropped six points to 50 in August, according to
Kevin Matras talks about a stock’s Earnings Yield and how to use it. Highlighted stocks include ACT, AHL, ANW, TRN and URI.
Municipals were mixed in secondary trading Tuesday amid an active primary that saw two large airport deals from Dallas-Fort Worth and Atlanta price. U.S. Treasuries were also mixed, and equities sold off. The two-year muni-to-Treasury ratio Tuesday was at 63%, the three-year at 63%, the five-year at 63%, the 10-year at 65% and the 30-year
Over the 15 years since Bitcoin was created, there has been no shortage of crazy conspiracy theories about how it was made and where it came from. Some believe Bitcoin was the work of “a bunch of engineers” in the Chinese Communist Party — presumably for world domination; others claim Bitcoin is the work of
The latest report from Glassnode Insights, titled “The Week On-Chain,” emphasized that Bitcoin (BTC) has reached historically low levels of volatility. This has led to a mere 2.9% separation between the asset’s Bollinger Bands, indicating an exceptionally narrow trading range. This situation has only been observed twice in Bitcoin’s history: in September 2016, when BTC
Municipals were lightly traded and mostly steady Monday while U.S. Treasuries saw losses across the curve and equities ended in the black. Triple-A yield curves saw a mix of small bumps and cuts by a basis point or two, depending on the curve, while Treasuries saw losses of one to seven basis points with the
UK wages grew much more than expected in the three months to June, according to official figures that are likely to reinforce policymakers’ concerns over the pressures fuelling inflation. In April to June, annual growth in regular pay, which excludes bonuses, was 7.8 per cent, the highest regular annual growth rate since comparable records began