Municipal bonds have experienced firmness in the market recently, with U.S. Treasury yields seeing a slight decrease and equities displaying a mixed performance. The rally in USTs has been fueled by softer economic data, leading to a drop in yields over the past week. Barclays strategists, Mikhail Foux and Clare Pickering, highlighted a shift in
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Loretta Mester, President of the Federal Reserve Bank of Cleveland, recently expressed her view that inflation risks are still tilted to the upside despite some positive data. She stated that although the median projection of policymakers forecasts only one interest-rate cut this year, she believes the risks to inflation are still leaning towards the upside.
Boeing’s Starliner capsule, named “Calypso,” is set to remain at the International Space Station for an extended period due to a developmental mission announced by NASA on Friday. Originally planned for a nine-day stay in space, the mission will now last at least 17 days, doubling the duration for further spacecraft testing. This mission, known
Climate change has become a formidable force affecting coastal real estate across the United States. With rising sea levels and more intense storms, areas like Dana Point, California, Long Island, New York, and Nantucket, Massachusetts are experiencing unprecedented flooding and erosion. The National Oceanic and Atmospheric Administration (NOAA) has already predicted an “above-normal” hurricane season
In recent times, the rise in interest rates has brought about a significant opportunity for Americans who are holding cash. Many individuals have opted to invest in cash vehicles such as money market funds and certificates of deposit due to the attractive yields that have been made available. According to the Investment Company Institute, total
The Pentagon recently revealed the first batch of winning bidders in its rocket launch contract sweepstakes, marking a significant milestone for Jeff Bezos’ aerospace company, Blue Origin. This announcement comes as part of the Pentagon’s $5.6 billion National Security Space Launch (NSSL) program, which aims to enhance the country’s space capabilities and infrastructure. Blue Origin’s
The recent capitulation of Bitcoin miners has taken the cryptocurrency market by surprise. The hashrate of Bitcoin, which had been steadily increasing over the last 18 months, has suddenly taken a downward turn. This decline in hashrate signifies that some miners are giving up on mining Bitcoin altogether. This trend is concerning as it indicates
Indianapolis Mayor Joe Hogsett’s pursuit of a Major League Soccer team for the city seems to have created confusion regarding the plans for a new stadium development led by Ersal Ozdemir, owner of the city’s United Soccer League team, the Indy Eleven. While it initially appeared that Hogsett’s announcement had jeopardized the previous stadium development
The U.S. dollar experienced a slight dip on Friday, along with the euro, as both currencies faced challenges amidst political turmoil in the region. At 04:20 ET (08:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 105.125. Despite these minor losses, the dollar is
In response to the Federal Reserve’s forecast of fewer interest rate cuts, Bitcoin experienced a slight decrease in Asian trade on Friday. The world’s biggest cryptocurrency fell by 0.9% over the past 24 hours, settling at $67,030.4. Despite MicroStrategy Incorporated’s plans to purchase more Bitcoin through $500 million in bonds, the price failed to see