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Sell McDonald’s on Monday’s gains, Main Street Research investor says
In this article SAP SCHW MCD Follow your favorite stocksCREATE FREE ACCOUNT McDonald’s and Charles Schwab have been outperforming the market this year, but now may be the time for investors to sell the stocks, according to James Demmert, chief investment officer of Main Street Research. Demmert appeared on CNBC’s “Power Lunch” on Monday to…
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Trump takes aim at ‘wasteful’ government spending by ordering end to penny production
U.S. President Donald Trump meets with Japan’s Prime Minister Shigeru Ishiba (not pictured) at the White House in Washington, U.S., Feb. 7, 2025. Kent Nishimura | Reuters President Donald Trump ordered a halt to the production of new pennies, which he said will help reduce “wasteful” government spending. “For far too long the United States…
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Munis steady, front-end ratios richen
<img src=”https://public.flourish.studio/visualisation/21560546/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were steady Monday as U.S. Treasuries were narrowly mixed and equities ended up. Munis continued their January rally heading into the first week of the month as the asset class saw gains of 0.43%, bringing year-to-date gains to 0.94%, said Jason Wong, vice president of municipals at AmeriVet…
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Trump to halt enforcement of law banning bribery of foreign officials
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump has ordered the Department of Justice to halt the enforcement of a US anti-corruption law that bars Americans from bribing foreign government officials to win business. “It’s going to mean a…
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Huntington, in growth mode, adds Dan Kelly
Huntington hired Dan Kelly as head of municipal underwriting. He joins the bank as it is in growth mode and chasing larger deals.Huntington Huntington hired Dan Kelly as head of municipal underwriting. The addition of the municipal finance industry veteran will bolster the Columbus, Ohio-based bank’s strategy of pursuing major clients and larger transactions, according…
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Trump to impose 25% tariffs on steel and aluminium imports
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump said he would on Monday impose 25 per cent tariffs on all steel and aluminium imports, expanding his trade conflicts to the metals sector in a new burst of protectionism from…
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Top Wall Street analysts pick these 3 stocks for attractive dividends
In this article VZ IBM EPR Follow your favorite stocksCREATE FREE ACCOUNT The IBM logo is displayed on a smartphone in Poland. Omar Marques | Lightrocket | Getty Images Talk around tariffs, the emergence of China’s DeepSeek and earnings of key companies have put the stock market on a roller-coaster ride. Investors seeking stable returns…
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2025 could be a renter’s market — but it won’t last, economists say. Here’s how to take advantage
Maskot | Maskot | Getty Images Renters should reap the benefits of a lower-cost rental market while they can. It might not last, experts say. As of December, the median asking rent price in the U.S. was $1,695, down 0.5% — or $8 — from November, according to a report by Realtor.com. The latest rent price…
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Light shed on Edison’s potential liability in L.A. region’s east-side fires
Electrical transmission lines near the Eaton Fire in Altadena. The Eaton Fire has become the fifth-deadliest in state history, killing at least 17 people, burning 14,021 acres and destroying 9,418 structures.Bloomberg News Southern California Edison reported to state regulators Thursday that its equipment may have played a role in sparking the Hurst Fire that burned…
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Key Congressional staff meet with BDA, mum on tax exemption
Sen. John Cornyn, R-Texas, in 2017 led the charge to save tax-exempt private activity bonds that had been axed in an early House draft of the Tax Cuts and Jobs Act. Al Drago/Bloomberg House and Senate tax staff and members seemed receptive to the Bond Dealers of America’s plea to preserve the municipal bond tax…
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Starboard pushes an open door at Becton Dickinson as company seeks to separate its biosciences unit
In this article BDX Follow your favorite stocksCREATE FREE ACCOUNT Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images Company: Becton Dickinson and Co (BDX) Business: Becton Dickinson develops, manufactures and sells medical supplies, devices, laboratory equipment and diagnostic products for health-care institutions, physicians, life science researchers, clinical laboratories, pharmaceutical industry and the public…
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North Carolina health board takes step to avoid $1.3 billion deficit
North Carolina Treasurer Brad Briner said addressing the state health plan’s looming defict is one of his highest priorities. The North Carolina State Health Plan Board of Trustees took a step toward a salary-based employee health insurance premium contribution system, as a way to avoid a looming $1.3 billion deficit in the government’s health plan…
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Munis outperform USTs post-jobs report
&lt;img src=”https://public.flourish.studio/visualisation/21524058/thumbnail” width=”100%” alt=”chart visualization” /&gt; Municipals were weaker out long, while U.S. Treasury yields rose and equities ended down after a mixed jobs report. Ahead of Friday’s nonfarm payrolls report, UST yields fell another eight basis points this week, making it a 33-basis-point rally from Jan. 14, said Barclays strategist Mikhail Foux. Munis had…
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Trump coin leads tumble in meme cryptocurrencies as tariffs rock global markets
In this article BTC.CM= Follow your favorite stocksCREATE FREE ACCOUNT TrumpCoin cryptocurrency price on Binance website is displayed for illustration photo. Krakow, Poland on Januar 20th, 2025 (Photo by Beata Zawrzel/NurPhoto via Getty Images) Beata Zawrzel | Nurphoto | Getty Images Meme coins plummeted over the weekend as President Donald Trump signed long threatened tariffs…
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A $50 million Ferrari-inspired mansion just broke a local record in Delray Beach, Florida. Take a look inside
A Ferrari-inspired mansion known as Casa Maranello in Delray Beach, Florida, shattered a local record last week when it traded for $50.5 million. Not only was the megadeal the biggest the area has ever seen, but it was also one of the most unusual: The sale included a mansion swap, bespoke furniture, elaborate chandeliers, art,…
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Texas job growth to slow slightly this year, Dallas Fed says
“In Texas, resilient growth is expected to continue in 2025 at about the same pace as 2024,” Dallas Federal Reserve Vice President Labor Economist Pia Orrenius said, adding risks to the outlook include, tariffs, sharply lower immigration, and a rollback in federal government spending. Dallas Federal Reserve Job growth will continue to trend lower in…
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Trump says Nippon Steel has dropped plan to buy US Steel
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Donald Trump announced Nippon Steel had abandoned its plan to buy US Steel but would “invest heavily” in the iconic Pittsburgh producer. At a joint press conference with Japanese Prime Minister Shigeru Ishiba…
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Pennsylvania governor seeks to stay the course in budget proposal
Pennsylvania Gov. Josh Shapiro at the State Capitol in Harrisburg on Feb. 28, 2024.Bloomberg News The 2024 election results created national political upheaval, but in Pennsylvania, voters sent their state legislators back to Harrisburg with the exact same margins. “The good people of Pennsylvania looked at all we’ve accomplished together,” Gov. Josh Shapiro said in…
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Trump’s memecoin copycats spark fears for investors
Donald Trump’s new cryptocurrency has sparked a flood of imitators, leading to warnings that investors risk being duped. More than 700 copycat and spam coins have been sent to Trump’s digital wallet by people apparently seeking to suggest their creations have his endorsement, according to a Financial Times analysis. It comes after the president and…
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Steelmakers may benefit from Trump trade salvos, but Wall Street warns of longer-term headwinds
Bundles of steel from Nucor Corporation sit for sale at Thompson Building Materials in Lomita, California, on Aug. 30, 2012. Patrick Fallon | Bloomberg | Getty Images U.S. steelmakers should be beneficiaries of President Donald Trump‘s new tariffs, but Wall Street warned that there are some risks in the longer term. On Saturday, Trump slapped…
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