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Point72’s Steve Cohen is stepping back from trading his own book
Steven Cohen, Chairman and CEO of Point72 Asset Management and majority owner of the New York Mets, attends a news conference at Citi Field, the home stadium of MLB’s New York Mets, which is being used for coronavirus disease (COVID-19) vaccination site, in Queens, New York, February 10, 2021. Brendan McDermid | Reuters Billionaire investor…
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Your favorite stocks may soon be quoted in half-penny increments, which could cut trading costs
Traders work on the floor of the New York Stock Exchange during afternoon trading on September 05, 2024 in New York City. Michael M. Santiago | Getty Images Investors may soon see their favorite stocks quoted in half-penny increments. The U.S. Securities and Exchange Commission will vote Wednesday to change the minimum pricing increment for…
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The Fed is poised for its first rate cut in years, but it may be too soon to refinance your mortgage
Andresr | E+ | Getty Images The Federal Reserve is poised to make its first interest rate cut in years on Wednesday. But homeowners shouldn’t bet on the move as an opportunity to immediately refinance their mortgage. That’s because “a lot of these rate cuts are already priced in,” Chen Zhao, the economic research lead…
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Inflation and interest rates tracker: see how your country compares
Inflation has started to show signs of easing from the multi-decade highs reached in many countries following Russia’s full-scale invasion of Ukraine. The latest figures for most of the world’s largest economies still make for worrying reading, with price pressures remaining high as the war in Ukraine continues to keep energy and food prices elevated.…
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New-issues price into firmer market ahead of rates decision
Municipals were steady to slightly firmer in spots with several large new-issues pricing in the primary as U.S. Treasury yields fell and equities were mixed as market participants await the FOMC rate decision Wednesday. “It’s all but a sure thing that the Fed will cut this week, but by how much is still up for…
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Nine killed and thousands injured as Hizbollah pagers explode in Lebanon
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Pagers belonging to Hizbollah members exploded across Lebanon on Tuesday, the militant group said, killing at least eight people and injuring more than 2,700 in an apparent sabotage of the low-tech systems it uses to…
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Franklin County, Ohio, will refund Build America Bonds
Franklin County, Ohio, will issue $138.2 million of lease revenue anticipation refunding bonds through the Franklin County Convention Facilities Authority to refund or redeem outstanding Build America Bonds. The proceeds of the Series 2024 refunding bonds will also be used to consolidate the existing rental reserve and debt service reserve fund into a restructured rental…
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Op-ed: Here’s why a sale of Bausch + Lomb could lead to a windfall for Bausch Health investors
In this article BLCO-CA BHC-CA Follow your favorite stocksCREATE FREE ACCOUNT CHICAGO, ILLINOIS – MAY 05: Bausch + Lomb eye vitamins are offered for sale at a drug store on May 05, 2022 in Chicago, Illinois. Bausch + Lomb parent company Bausch Health is spinning off the eye-care company with an upcoming IPO which will…
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This 38-year-old is financially independent with passive income. Here’s how he built a 7-figure real estate portfolio
Shu Matsuo Post, 38, built a $2 million real estate portfolio, according to documents seen by CNBC Make It. Courtesy of Shu Matsuo Post The idea of financial independence can mean different things to different people, but one common way to define it is having enough money that you no longer need to rely on…
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Guam airport authority bringing $62M Baa2-rated deal
The authority that runs Guam’s lone commercial airport is pricing a $62.4 million Baa2-rated deal that will fund a tender offer of some of its outstanding taxable bonds Tuesday. The Antonio B. Won Pat International Airport Authority is the issuer. Barclays is the underwriter and Montague DeRose and Associates is the municipal advisor. Guam’s airport…
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FOMC preview: 25 bp cut now, but what’s next?
With a 25-basis-point cut in the federal funds rate widely expected at the Federal Open Market Committee meeting Tuesday and Wednesday, economists are pondering what happens after that while they eagerly await the release of the Summary of Economic Projections. Although some have kept a chance of a larger cut in play. “Bond markets have…
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Oracle is designing a data center that would be powered by three small nuclear reactors
In this article ORCL Follow your favorite stocksCREATE FREE ACCOUNT A view of Oracle’s headquarters in Redwood Shores, California, on Sept. 11, 2023. Justin Sullivan | Getty Images Oracle chairman and co-founder Larry Ellison had a “bizarre” announcement to make this week. The electricity demand from artificial intelligence is becoming so “crazy” that Oracle is…
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Why we started a position tied to housing and where we see this stock going
We started buying Home Depot shares last week as a play on housing and interest rates. Our initial 50-share buy was around $362. We bought 50 more shares Wednesday a few dollars higher. The Dow stock is having a mixed year — up about 7% compared to the S & P 500 ‘s more than…
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Arizona town’s approval of bonds challenged in court
A $70 million bond issue for a central Arizona town is the target of a lawsuit that claims the debt’s approval last month violated the state constitution. Council members in Payson, a town of about 16,680 in Gila County, passed a resolution for the sale of the tax-exempt, fixed-rate “pledged revenue obligations” in a 6-1…
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FBI probes Trump shooting incident as apparent assassination attempt
Unlock the US Election Countdown newsletter for free The stories that matter on money and politics in the race for the White House Former president Donald Trump is safe after what the FBI is investigating as an apparent assassination attempt against him in Florida. The agency said in a statement on Sunday that it “has…
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NAFOA changes leadership, plans push on bond bill
The NAFOA, founded as the Native American Finance Officers Association, announced that Cory M. Blankenship will take over the helm as the organization pushes the Tribal Tax & Investment Reform Act, which would free up tribal bond issuance. “NAFOA has been working with Congresswoman Gwen Moore D-Wisc. and Congressman David Schweikert’s R-Ariz. offices to help…
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Top Wall Street analysts pick these dividend stocks for attractive returns
In this article MCD CHRD MPLXP Follow your favorite stocksCREATE FREE ACCOUNT A McDonald’s fast-food restaurant in Manhattan, New York, on July 6, 2024. Beata Zawrzel | Nurphoto | Getty Images September had a bumpy start for investors as volatility jolted markets in the first week, but dividend-paying stocks can help smooth the ride. Investors…
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Don’t expect ‘immediate relief’ from the Federal Reserve’s first rate cut in years, economist says. Here’s why
Recent signs of cooling inflation are paving the way for the Federal Reserve to cut rates when it meets next week, which is welcome news for Americans struggling to keep up with the elevated cost of living and sky-high interest charges. “Consumers should feel good about [an interest rate reduction] but it’s not going to…
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Market grows in Q2; ETF, SMA ownership increases
The muni bond market grew in the second quarter as ownership by household and exchange-traded funds grew, while U.S. banks and insurers continued to reduce their holdings, the latest Federal Reserve data shows. The face amount of munis outstanding ticked up to $4.129 trillion, a 1.1% increase from the first quarter of this year and…
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Investors pile into Coca-Cola and Colgate as recession fears grow
Stay informed with free updates Simply sign up to the US equities myFT Digest — delivered directly to your inbox. Investors are snapping up shares in US consumer staples stocks such as Coca-Cola and Colgate-Palmolive as they hunt for more defensive areas of the market amid concerns over a potential slowdown in the US economy.…
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