Month: December 2018

Michigan Gov.- elect Gretchen Whitmer has tapped public finance veteran Rachel Eubanks to serve as state treasurer and former state representative Chris Kolb to serve as budget director. Rachel Eubanks Eubanks has worked in public finance for 13 years, most recently as a director at Robert W. Baird & Co. Inc. She has structured more
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Municipal bonds were stronger on Monday as Christmas week kicked off with more volatility in the equity market. The Dow Jones Industrial Average and S&P 500 Index suffered their worst Christmas Eve losses since 1933, according to data cited by MarketWatch. Stock indexes overall fell to their lowest levels since April 2017 and pushed up
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It was Wall Street that scared the markets as storied institutions failed during the financial crisis, and now as stocks fall into bear market territory, it’s Washington that’s getting the blame. Making matters worse, is that when financial markets are in trouble, market pros turn to Washington’s lawmakers and regulators for help, and now they
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According to the president of Western Union Global Money Transfer, the company is “ready to adopt any kind of currency.” And interestingly, this includes cryptocurrencies. Western Union Ready to Adopt Odilon Almeida held an interview with Reuters Plus yesterday. Here he stated that there was no big difference between cryptocurrencies and regular digital payments, of which the
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Puerto Rico employment declined in November for the second consecutive month, adding to signs that the post-hurricane economic recovery may be ending. November employment slipped 0.23% from October and 0.95% from September, according to the United States Bureau of Labor Statistics’ household survey released Friday. The bureau also released an employment survey based on the
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So… that was an energy let down. Over the last 3 years energy investors were excited about a rebound in crude oil prices. In turn, alternative energy investors were excited that as crude oil prices increased, alternative energy solutions such as wind and solar would also benefit. Unfortunately for them, crude gave up all of
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A Santa Claus rally, which would begin on Monday, is a very specific event: the tendency for the market to rise in the last five trading days of the year and the first two of the new year, good for an average gain of 1.3% in the S&P since 1950, according to the Stock Trader’s
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For this serial entrepreneur and real estate developer, his newest project—perhaps his final—has been a 14-year labor of love. Tim Charlwood is an outdoor adventurist who’s sailed and ballooned all over the world. As a founding member of Mustique Island (a private locale in the Grenadines), he’s spent time with fellow Brits Mick Jagger, David
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With stocks and equities continuing their sell-off, munis continue to flex their muscles — even with a budget showdown in Washington taking place. “Municipal bonds are trading relatively unchanged but firm today as very positive market technicals keep demand steady,” said Michael Pietronico, chief executive officer, Miller Tabak Asset Management. “There is likely some money
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The Global X Nasdaq 100 Covered Call ETF (NASDAQ:QYLD) is designed to offer investors with potential monthly income while seeking to lower the risks of investing in a major US index through a strategy that writes monthly covered call options on the Nasdaq 100 Index. QYLD’s covered call position is created by buying (or owning)
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New York Fed President John Williams took a step Friday toward undoing the blunt blow to markets delivered by the Federal Reserve and Fed Chairman Jerome Powell on Wednesday. Stocks initially jumped, the dollar rose and bonds sold off, after Williams indicated the Fed would be flexible and could consider changing policy if the economy
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Lauryn Evarts at home.Lauryn Evarts Bedrooms aren’t just spaces for sleeping. They’re so much more than that. A bedroom should feel like a retreat to restore both the body and mind. I interviewed a range of successful influencers and entrepreneurs about the most intimate rooms in their homes. They generously shared not just what these spaces looked like,
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President Donald Trump is adamantly opposed to the Federal Reserve’s rate hike campaign, but has never suggested firing Fed Chairman Jerome Powell, Treasury Secretary Steven Mnuchin said on Saturday, moving to defuse a controversy that could roil global markets even further. Late Friday, Bloomberg News, citing four unnamed sources, reported that Trump has discussed firing
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The region’s services sector decelerated, as the general business conditions index slumped to 3.9 in December from 43.3 in November, this month’s Federal Reserve Bank of Philadelphia non-manufacturing Report on Business, released Friday, indicates. At the company level, the general business activity index plunged to 3.0 from 42.4. The prices paid index was 18.3, down
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For much of his presidency, the stock market has loved President Donald Trump, trading higher on his pro-growth policies, like tax cuts, as well as his hands-off regulatory stance. But now with the stock market well off its highs, the president has increasingly become a source of uncertainty and volatility. Trump and Washington politics are
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Facebook (NASDAQ:FB) is reportedly developing a cryptocurrency that will let users send money via its WhatsApp messaging app. The new cryptocurrency would launch first in India—a country with over 200 million Whatsapp users and the world’s leader in sending money home. Facebook Cryptocurrency According to Bloomberg, the company is creating a stablecoin, a digital currency
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