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Contractors work on single-family homes under construction in the Cadence Park development of The Great Park Neighborhoods in Irvine, California, on Wednesday, April 14, 2021. Bing Guan | Bloomberg | Getty Images Strong buyer demand is keeping homebuilders confident, but the risk of rising construction material costs continues to weigh on housing affordability.  Builder sentiment
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Connecticut will bring three rating upgrades to the table when it comes to market with a $1 billion exempt and taxable general obligation deal set for Wednesday. Fitch Ratings on Friday lifted Connecticut to AA-minus from A-plus. The action “reflects enhancements to the state’s fiscal management practices in recent years that are materially increasing the
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Municipals held steady to slightly firmer in spots Friday after flat retail sales moved U.S. Treasuries stronger while equities gained back mid-week losses. Despite the slight pressure from economic data and overall market volatility, municipals continue to hold their own place in the capital markets. In the current environment, muni technicals are “simply overpowering,” said
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Connecticut officials enter this week’s $1 billion general obligation bond sale armed with four upgrades in six weeks, including three within two days last week. Fitch Ratings on Friday upgraded the state’s GO rating to AA-minus. One day earlier, Kroll Bond Rating Agency and S&P Global Ratings elevated Connecticut to AA and A-plus, respectively. Moody’s
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A century after winning the right to vote and in the midst of a pandemic, female fund managers are outperforming their male colleagues on Wall Street. That is according to a team of equity strategists at Goldman Sachs, who crunched the numbers in honor of 2020, which marks the 100th anniversary of the 19th amendment’s
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Vanguard Wellesley Income Fund celebrated its 50th birthday in July. A mutual fund being in business that long has become about as rare as couples reaching their 50th wedding anniversary, and so the fund’s longevity is noteworthy in its own right. But, by analyzing this mutual fund’s performance, we can draw important investment lessons for
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Two proposed rulemakings from the Labor Department in the past eight weeks would largely gut sustainable investing options and strategies in retirement plans. These proposals would reverse the Labor Department’s 2015 and 2016 guidance while ignoring the growing consensus among academics, retirement plan fiduciaries and professional money managers that responsible companies are likely to outperform
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Clean-energy stocks and exchange-traded funds are on a tear this year, sharply outperforming the broader market and traditional fossil-fuel investments. The clean-tech ETFs with the most powerful year-to-date rallies include Invesco Solar ETF TAN, -2.89%, up 81% through Thursday; First Trust NASDAQ Clean Edge Green Energy Index Fund QCLN, -2.20%, up 58%; and iShares Global
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