With their revenues beating expectations through stronger-than-expected tax receipts and federal pandemic aid, many states have used the extra funds to pay down unfunded pension liabilities accrued in some cases over decades, according to a Pew Charitable Trusts report on state pension systems. The combination of increased contributions and surging investment returns “has had a
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Wall Street stocks recorded the biggest weekly drop in months after a profit warning from economic bellwether FedEx jolted investors who are already on edge over a looming interest rate rise by the US Federal Reserve at its upcoming meeting. The blue-chip S&P 500 index fell 0.7 per cent on Friday, bringing weekly losses to
In this article IP FDX UBER ADBE FE SNOW FedEx received its first five of an order of 500 electric Light Commercial Vehicles (eLCVs) from BrightDrop. Courtesy: Fedex Check out the companies making headlines in midday trading. FedEx – Shares of the delivery giant slid about 21.4% after the company preannounced disappointing results for the
Ohio-based ProMedica Health System lost its final investment grade rating when Moody’s Investors Service cut the credit citing ongoing losses as the system struggles with ongoing COVID-19 related challenges that have hit its senior care business especially hard. Moody’s dropped the rating two notches to Ba2 from Baa3 Monday and warned of further deterioration by
New York City could use municipal bonds as a way to finance better outcomes for migrants coming to New York from Ukraine and the southern border, city Comptroller Brad Lander said. Asylum seekers coming to the Big Apple could benefit from a new economic initiative tied into an inclusive strategy, Lander said during a webinar
Municipals were weaker on the front end of the curve as selling pressure mounted all week while U.S. Treasuries were mixed and equities ended down again. Investors will be greeted with a lackluster calendar of a mere $1.4 billion total and only two deals over $100 million as issuers hold back with the Federal Open
Ethereum’s native token Ether (ETH) has been forming an inverse-cup-and-handle pattern since May 2021 on the weekly chart, which hints at a potential decline against Bitcoin (BTC). An inverse cup-and-handle is a bearish reversal pattern, accompanied by lower trading volume. It typically resolves after the price breaks below its support level, followed by a fall toward
Puerto Rico’s government is taking steps to restructure Municipal Finance Agency bonds and other government debt. Puerto Rico’s Fiscal Agency and Financial Advisory Authority, which oversees debt for the administration of Gov. Pedro Pierluisi, on Friday told The Bond Buyer it would seek to restructure the MFA bonds and other non-bonded debt. To pursue a
Traders work the floor of the New York Stock Exchange during morning trading on August 15, 2022 in New York City. Michael M. Santiago | Getty Images Economists, Wall Street analysts, hedge fund managers and public prognosticators have been all over the map lately in trying to divine the ways of Wall Street. Some have
In this article NCR GE AZN-GB UBER IP FDX Check out the companies making headlines before the bell: FedEx (FDX) – FedEx tumbled 20.3% in premarket trading after issuing a profit warning due to declining package delivery volumes around the world. The news has exacerbated fears of a slowing global economy, weighing on shares of
Meme-inspired cryptocurrency Dogecoin (DOGE) is now officially the second largest proof-of-work (PoW) crypto in terms of market cap, following the Ethereum network’s proof-of-stake upgrade on Sept. 15. Bitcoin (BTC) of course remains miles ahead of Dogecoin’s market cap of $7.83 billion, though the well-followed memecoin is still comfortably ahead of the third place PoW cryptocurrency Ethereum
Today I’m going to talk about why would you sell a put rather than buy a call when you’re trading options? Both of those are looking for the stock to move in the upward direction. So why would you do one over the other? In this video I’ll explain it to you. Check it out!
Ryan McQueeney highlights two “sin stocks”—Vector Group (VGR) and Constellation Brands (STZ)—that present mixed-yet-unique investment possibilities for dividend-focused investors.
This video explores the psychology behind support and resistance, explaining the various trader tendencies that contribute to market behaviours that cause support and resistance levels to form. Test and practice the support and resistance in real market conditions with virtual money. Learn to trade and invest for free. – https://www.trading212.com/en/Practice-for-Free-GBP Download the free native mobile
Prime Minister Liz Truss and chancellor Kwasi Kwarteng are preparing to launch a last-ditch charm offensive to persuade Japan’s SoftBank to list British tech company Arm in the UK. The government will push for high-level talks with SoftBank executives after the official period of mourning for the Queen ends next week, according to officials with
Municipals were weaker Thursday as mutual fund losses climbed another $1.4 billion, while U.S. Treasuries sold off five years and in and equities ended in the red as ongoing concerns over Fed policy hang over markets. Municipal triple-A yields rose two to three basis points while UST rose up to eight on the short end
In this article ADBE DECK WYNN FSR NSC NFLX PYPL HUM ARNC Adobe Systems world headquarters in downtown San Jose, Calif. Lisa Werner | Moment Mobile | Getty Images Check out the companies making headlines in midday trading. Netflix — The streaming stock gained 7% after Evercore ISI upgraded Netflix to an outperform rating and
Guam’s governor approved a fiscal 2023 general fund net budget 14.4% larger than the current one, as revenues continue to exceed forecasts, offering some financial flexibility. Guam Gov. Lourdes Leon Guerrero signed the legislature-delivered budget earlier this week, but warned lawmakers about planning uses for excess revenues before an audit. In a memo to Legislature
Office demand is in a state of flux. The widespread adoption of hybrid work and intensifying economic headwinds have left companies unsure of their real estate needs. While both office owners and occupiers share an optimistic outlook about the future of office usage, property managers are pioneering new ways to generate revenue in the place
Ethereum (ETH) is heading for the most significant upgrade in its history, which is scheduled to happen at around 5:27am UTC on Sept. 15. Those wanting to watch the Ethereum network make its historic shift to proof-of-stake (PoS) in real-time will have plenty of options to choose from. The Ethereum Foundation has scheduled an Ethereum