The municipal bond market experienced losses as U.S. Treasuries saw higher yields, impacting equities as GDP growth slowed in the first quarter. The rise in inflation, particularly the core PCE deflator reaching 3.7% annually, exceeded expectations. These conditions led to a surge in Treasury yields, making a near-term Federal Reserve interest rate cut less likely.
The recent Bitcoin halving event has left many investors questioning whether the market response will mirror past patterns of price surges. Historically, Bitcoin prices have seen significant increases following halving events, attributed to reduced supply and heightened anticipation. However, this time around, the market’s expectations have been met with a subdued response. Research analyst Morgan
Google parent company Alphabet is scheduled to release its earnings report after the bell on Thursday. The company has seen a significant increase in its stock price, with shares up 13.9% this year and a staggering 50% over the past 12 months. Investors have shown excitement towards Alphabet’s growth in the cloud business, artificial intelligence
Brightline, a privately owned passenger train operating in Florida, recently entered the tax-exempt market with a sizable issuance of bonds. The company managed to raise over $3.1 billion through low-investment grade and unrated bonds, attracting strong demand from investors. This move marked Brightline’s debut in the investment-grade market, with the intention of refinancing its existing
Microsoft, a key player in the tech industry, is set to release its latest quarterly report, which will put its reputation as a top stock in the market rally and the AI race to the test. Despite a year-to-date gain of nearly 5%, the stock has seen a decline of over 7% in April, leaving
Blockchain technology has taken a significant step forward in the municipal bond market with the city of Quincy, Massachusetts issuing $10 million of tax-exempt bonds using this groundbreaking technology. This move marks a potential transformation in how municipal bonds are issued and traded, with the aim of improving efficiency, lowering costs, and increasing accessibility. The
Honda Motor, in collaboration with undisclosed joint venture partners, has announced an $11 billion investment in Ontario, Canada. This substantial investment is aimed at establishing a “comprehensive EV value chain” in North America, emphasizing the production of all-electric and fuel cell-powered vehicles. The plan includes the construction of new assembly and battery plants, along with
In the ever-evolving world of cryptocurrency and decentralized finance (DeFi), one of the biggest pain points has always been the onramp from traditional fiat currencies to cryptocurrencies. This barrier to entry has hindered the mass adoption of DeFi, with many potential users feeling overwhelmed and intimidated by the complexity of converting their fiat money into
Meta Platforms, the parent company of Facebook, saw a significant drop of more than 14% in its stock price after issuing a second-quarter revenue guidance that fell below expectations. Despite this, the company reported first-quarter earnings and revenue that exceeded analysts’ estimates, showing some positive signs amidst the setback. On the other hand, industrial stock
The U.S. dollar showed signs of weakness on Thursday, after reaching five-month highs the week before. The Dollar Index, which tracks the greenback against a basket of other currencies, was down by 0.2% at 105.445. This decline comes ahead of the release of key U.S. growth data, mainly the first-quarter gross domestic product (GDP) figures.