Many Australian borrowers are ahead on their mortgage repayments, and this should cushion them from a hard landing as interest rates rise, according to Shayne Elliott, chief executive officer at major Australian bank, ANZ. The Reserve Bank of Australia has hiked the official cash rate six times in a row this year to 2.6%, forcing
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Municipals were little changed to a touch firmer out long Friday while U.S. Treasuries sold off on the front end of the curve and the 10-year UST rose back above 4%. Equities rallied buoyed by tech stocks. Triple-A municipal yields fell up to two basis points, depending on the scale, while UST yields rose eight
Elon Musk has joined the elite club of social media barons after clinching a $44bn takeover of Twitter in the same week that investors wiped hundreds of billions of dollars from Big Tech valuations. Musk’s drawn-out acquisition of Twitter, which he launched in April but attempted to abort in July, has closed just as a
The New Jersey Turnpike Authority is scheduled to close next week on a $700 million revenue bond deal. The Series 2022B bonds priced Oct. 13. Proceeds are destined for improvement projects across the 290 miles of roadway that make up the New Jersey Turnpike and Garden State Parkway. The scheduled work will include “capacity enhancements
The shift of the Ethereum blockchain to a proof-of-stake (PoS) protocol opened new opportunities for developers and investors to explore, including the burning of Ether (ETH). Now, Ethereum transactions are validated through staking rather than mining. Staking impacts the supply and price dynamics of Ether in ways that are different than mining. Staking is expected to create
This week’s episode is all about looking at Fibonacci retracements and just getting the practice behind Fibonacci retracements. That’s what I want to share with you, if you’re new to the stock market then you might not want to really do a ton of practice on Fibonacci just yet, until you have the volume down,
Today we look at two different approaches to trading, namely trend-following and counter-trending. We explain each of these trading styles, with the use of examples, and then discuss the advantages and disadvantages of each one. See which style appeals to you! Test and practice your investment strategies in real market conditions with virtual money. Learn
In this article CVX XOM AMZN AAPL Follow your favorite stocksCREATE FREE ACCOUNT Check out the companies making headlines before the bell: Exxon Mobil (XOM) – Exxon Mobil added 2.2% in premarket trading after record profits exceeded analyst forecasts. Higher natural gas prices and cost controls helped offset the slide in crude oil prices. Chevron
Florida is notorious for how volatile its housing market can be. During the housing bubble and subsequent crash of the late 2000s, Florida was one of the hardest hit states. Many Florida housing markets are notable for their heavy ownership by foreign investors. What’s more, Florida has a high rate of wealth inequality, creating a
A Coldwell Banker “Under Contract” sign stands outside a property in Washington, D.C. Andrew Harrer | Bloomberg | Getty Images Pending home sales, a measure of signed contracts on existing homes, dropped a much worse-than-expected 10.2% in September from August, according to the National Association of Realtors. Economists had predicted a 4% decline. Sales were
Bitcoiner Dan Held gave journalist Nicole Behnam a true Texan welcome to Austin while the pair discussed their individual paths into the world of crypto. Dan Held is a household name in the world of Bitcoin while Nicole Behnam is a journalist-turned cryptocurrency and NFT enthusiast. Together the pair explored Held’s hometown in Austin, Texas,
Municipals were steady in secondary trading while the last large deal of the week, the Triborough Bridge and Tunnel Authority’s $700 million of MTA Bridges and Tunnels green bonds, priced. U.S. Treasuries saw more improvements with the 10-year falling below 4%, while equities ended mixed after gross domestic product and other economic data came in
Elon Musk has closed his $44bn deal to take Twitter private, bringing an end to one of the most high-profile and dramatic buyout sagas in recent memory after months of legal wrangling between the world’s richest man and the social media platform. As the billionaire entrepreneur took over on Thursday night, he fired Twitter’s chief
On Nov. 8, voters in Chittenden County, Vermont, will decide on a $22 million bond measure local officials say is necessary replace the area’s aging recycling plant and to future-proof its waste infrastructure. The existing plant is technologically outdated, said the board chair of the Chittenden Solid Waste District, Paul Ruess, and straining to meet new
Tracey Ryniec and Kevin Cook look at an American consumer products company and a Chinese social media and gaming company. Helen of Troy Limited: https://www.zacks.com/stock/quote/HELE?cid=CS-YOUTUBE-FT-VID YY Inc.: https://www.zacks.com/stock/quote/YY?cid=CS-YOUTUBE-FT-VID Huya: https://www.zacks.com/stock/quote/HUYA?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: stocktwits.com/ZacksResearch Follow us on Twitter: twitter.com/ZacksResearch Like us on Facebook: www.facebook.com/ZacksInvestmentResearch
Traders on the floor of the NYSE, Oct. 21, 2022. Source: NYSE Professional stock pickers are still betting that the U.S. economy could skirt a recession, according to Bank of America analysis. Actively managed mutual funds have maintained their pro-cyclical stance with overweights in consumer discretionary and industrials, while having a sizeable underweight in consumer staples,
In this article META CAT HON Follow your favorite stocksCREATE FREE ACCOUNT A sign is seen outside of the inaugural physical store of Facebook-owner Meta Platforms Inc in Burlingame, California, May 4, 2022. Brittany Hosea-Small | Reuters Check out the companies making headlines before the bell. Meta — The social media stock dropped 22.8% after
Blockchain technology firm ConsenSys will spend $2.4 million annually to fund its newly launched MetaMask Grants DAO aimed at driving further development of the Web3 ecosystem. The fund will be led by MetaMask employees who will manage the decentralized autonomous organization (DAO). The DAO will be responsible for issuing grants to developers working outside of
The Manhattan real estate market entered the typical busy fall season in a quote-unquote buyer’s market. To many, that conjures up visions of panicked sellers hastily making fire-sale deals at enormous discounts with whatever intrepid buyers remain. Others thought that with mortgage rates above 6%, cash would be king, and with it, they would get
On Thursday, the European Central Bank (ECB) announced the central bank’s third consecutive benchmark bank rate increase this year, raising the rate by 75 basis points (bps). In addition to the rate hike, the ECB changed the central bank’s targeted longer-term refinancing operations terms and conditions noting that they need to be “recalibrated.” ECB Hikes