Municipal bonds strengthened on the long end Friday after the latest employment report showed continued job growth and buoyed equities and Treasuries. The Labor Department said nonfarm payrolls rose 559,000 in May as the jobless rate fell to 5.8% from 6.1%. The numbers showed slow but steady strength in the labor market, but came in
Kevin Matras shows how to position for an expected breakout of a trading range, even if you don?t know the direction.
Trend channels are one of those chart formations that traders love. They provide security and ample opportunity to profit from price swings in both directions, while still calmly continuing a larger up and down move (unless we have a horizontal channel that is). But are there any risks when trading a channel and how exactly
Starship prototype SN10 fires its three Raptor engines as it comes in for the landing. SpaceX The U.S. Air Force is expanding a small development program that wants to leverage reusable rockets, like those SpaceX is building, to deliver cargo quickly to anywhere in the world. Called Rocket Cargo, the experimental military program will be
Traders work on the floor of the New York Stock Exchange. NYSE Inflation data is a highlight of the week ahead, as investors focus on economic news in the void between earnings season and the next Fed meeting. May’s consumer price index is reported Thursday, and it could be hot after it surged at a
Villa Nafissa, a once-in-a-generation compound located 26 miles north of Downtown San Diego in Rancho Santa Fe, comes with close to 40 acres of park-like grounds, a private lake, waterfalls, more than 3,000 species of flora and idyllic gardens designed to evoke impressionist painter Claude Monet’s famous water garden in Giverny, France. The estate, listed
Many Americans are suddenly house rich. On paper, anyway. Soaring home prices have resulted in a record amount of home equity on hand. By the end of last year, roughly 46 million homeowners held a total $7.3 trillion in equity to tap, the largest amount ever recorded, according to Black Knight, a mortgage technology and
Ongoing large inflows into the municipal market sustained a firm tone Thursday as interest rates remain on a gradual decline in spite of the volatility in the Treasury market, but most participants await Friday’s jobs report. Refinitiv Lipper reported $997.358 million of inflows into municipal bond mutual funds, of that $372 million was high-yield. Triple-A
Some of the biggest Japanese sponsors of the Tokyo Olympics want organisers to postpone the Games for several months to allow more spectators to attend. The proposal was made privately over recent weeks, according to people with knowledge of the situation. The request follows growing frustration among some of the 47 Japanese companies that collectively
The digitization of traditional currencies like the euro has the potential to increase their international appeal, the European Central Bank says in a new report. A failure to offer a digital currency would endanger financial stability, ECB warns. The regulator is concerned about the prospect of tech giants dominating payments through their “artificial currencies.” Eurozone’s
What is a call option? You might have heard about option contracts in the past. There are calls and puts. When you’re buying a call, it means you’re looking for the stock to go to the upside, which is a bullish outlook. You can also sell a call, which means you’re looking for the stock
Illinois lawmakers signed off on the Metropolitan Pier and Exposition Authority’s subsidy request, providing a backstop for the agency to weather the pandemic’s lingering wounds. The agency also is finalizing its next debt restructuring to provide another tool to manage loss of tax and operational revenues after the pandemic shut down the convention business last
Kevin Matras looks at the ‘short ratio’ as a market sentiment indicator, and shows how to use it for finding winners. Highlighted stocks include ECHO, GLT, LIZ, SBH and SQNM.
Risk management is the main focus of this trading psychology video. David Jones focuses our attention on how to balance risk and reward when opening trades and how limiting losses carries the same weight as getting maximum profits. How to set Stop Loss and Take Profit levels is also shown with easy to understand real-life
[The livestream is scheduled to begin at 1 p.m. EDT. Please refresh the page if you do not see the player above] SpaceX plans to send the latest cargo mission for NASA to the space station on Thursday, with Elon Musk’s company going for its 17th launch this year. The company is targeting 1:29 p.m.
A contractor working for Amazon.com cleans a delivery truck in Richmond, California, U.S., on Tuesday, Oct. 13, 2020. David Paul Morris | Bloomberg | Getty Images Amazon, Qualcomm and Micron were among stocks that fell after a report that the Biden administration is pushing for a tax change that would require companies to pay a
After a year-plus of staying at home, it’s natural for people to want more space. This collection of properties, from Gothic European chateaus to a Portuguese palace, have precisely that. Fairytale French chateau Location: Vitre, Brittany, France Price: $1.9 million This more than 8,000-square-foot, 12-room Gothic-style chateau was built in 1860 and restored in 2004
Siraj Ahmad | iStock | Getty Images More than 10 million Americans, or 14% of U.S. renters, say they aren’t caught up with their housing payments, meaning many could be at risk when the national moratorium on evictions expires in under a month. That finding comes from data collected by the Census Bureau between May
A trade is profitable only if both the purchase and the sale are done at the right time. Many times, traders sell their positions too early and leave profits on the table or they keep holding on to the trade even after the trend changes. This leads to profits evaporating, and many times the trade
Francis Suarez, the crypto-friendly mayor of the city of Miami, may have further cemented his status as a cryptocurrency proponent. Appearing on the CNBC Squawk Box program, Suarez revealed that he owns both Bitcoin (BTC) and Ether (ETH). “I own #bitcoin and I own #ethereum,” says @FrancisSuarez. “I haven’t bought the dip yet but I’m