Municipals improved again Thursday pushing the 10-year triple-A yield firmly below 3% while inflows into municipal bond mutual funds returned after 14 consecutive weeks of outflows. U.S. Treasuries saw losses and equities ended down after Federal Reserve officials tempered expectations of a slowdown in rate hikes. Triple-A yields fell by three to six basis points,
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close video Biden on investigating Elon Musk’s Twitter acquisition President Biden reacts to Elon Musk’s Twitter acquisition. A Hillary Clinton-linked dark money group set its sights on Twitter advertisers amid Elon Musk's acquisition of the social media platform, Fox Business has learned. Accountable Tech spearheaded a letter to top Twitter advertisers as part of a larger pressure
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If Donald Trump were to regain the presidency in 2024, it would be a "Holy Trinity" for stocks, according to Skybridge Capital founder Anthony Scaramucci. What Happened: Scaramucci, who was briefly the White House Communications Director for 10 days during the Trump presidency, said on Wednesday that Trump is the "Holy Trinity of market lubrication,"
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In this article KSS M BJRI BABA Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: Macy’s (M) – Macy’s stock leaped 9.6% in the premarket after the retailer reported better-than-expected profit and revenue. Same-store sales fell less than expected and the company also raised its earnings outlook. BJ’s
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As users flee exchanges and turn to noncustodial wallets amid FTX FTT/USD collapse, Trust Wallets native token TWT/USD has rallied more than 100% in the past seven days. What Happened: TWT, is presently up 17.88%, trading at $2.19 and now ranks as the 44th largest cryptocurrency in terms of market capitalization, according to CoinMarketCap. See
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Illegal weed shop raided in Brooklyn The New York City Sheriff’s Department arrested two people and seized bags of marijuana as evidence after a raid against a shop illegally selling marijuana in Brooklyn. NEW YORK – The NYC Sheriff's Department has carried out a raid on a Brooklyn smoke shop accused of illegally selling marijuana.
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While its unclear what specifically has triggered the Department of Justice and United States Attorney Rachael Rollins Offices federal probe into the Worcester Police Department, the department has paid out millions to settle lawsuits against the department in the last decade. And several lawsuits are ongoing. Federal officials announced an investigation into possible patterns of
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Municipals rallied across the yield curve Wednesday, outperforming U.S. Treasuries and seeing the greatest gains out long after stronger retail sales data signaled the Fed’s tightening is not yet over, pushing equities into the red. Retail sales increased 1.3% in October, slightly above the consensus forecast of 1.0% and a significant improvement from the flat
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