A deluge of ratepayer-backed utility debt in the wake of 2021’s Winter Storm Uri continues with a Kansas regulator approving the state’s first securitization deal. The Kansas Corporation Commission (KCC) on Thursday unanimously passed an irrevocable financing order allowing Kansas Gas Service to issue securitized bonds to recover $328 million in costs incurred during the
Bitcoin (BTC) and most major altcoins witnessed a sharp sell-off on Aug. 19, but there does not seem to be a specific trigger for the sudden drop. The sharp fall resulted in liquidations of more than $551 million in the past 24 hours, according to data from Coinglass. Barring a V-shaped bottom, other formations generally
Even as tax revenue continues to rise in New York, storm clouds are gathering on the fiscal horizon, providing an opening for lobbyists who want to widen online gambling in the state. Local sales tax collections in New York State rose 11.9% in July compared to the same period in 2021, according to state comptroller
Investors are raising red flags over a stock market rally that has added more than $7tn in value to US equities since June, with many of the gains being driven by hedge funds unwinding bearish bets rather than newfound conviction that it is time to buy. Traders at Goldman Sachs, Morgan Stanley and JPMorgan Chase
Ben Rains dives into some of the reasons why the technology-heavy Nasdaq entered a bull market, with it up over 20% from its mid-June lows. The episode then explores three stocks that operate in the broader world of technology—Adobe, Mastercard, and Microsoft—that run businesses poised to hold up well during the current economic slowdown and
UK consumer confidence has fallen to its lowest level since comparable records began almost 50 years ago as the rising cost of living stokes concerns over personal finances and economic prospects. In monthly research from data provider GfK, the August index score for overall consumer confidence fell to -44 from a figure of -41 the
In this article BBBY Activist investor Ryan Cohen has exited his position in retailer Bed Bath & Beyond, according to a securities filing released Thursday afternoon. The filing shows that Cohen’s RC Ventures dumped its stock on Tuesday and Wednesday at a range of prices between $18.68 per share and $29.22 per share. The firm
After an impressive 73% rally between July 13 and Aug. 13, Avalanche (AVAX) has faced a 16% rejection from the $30.30 resistance level. Some analysts will try to pin the correction as a “technical adjustment,” but the network’s deposits and decentralized applications reflect worsening conditions. To date, Avalanche remains 83% below its November 2021 all-time
Municipals were weaker again Thursday led by continued pressure on the short end while municipal bond mutual funds saw outflows for the second consecutive week. Triple-A yield curves saw cuts of up to nine basis points on bonds five years and in, depending on the curve, while U.S. Treasuries made small gains to close out
In this article CSCO BBBY BJ WOLF WBA Check out the companies making the biggest moves midday: Cisco Systems — Shares of the networking equipment producer jumped 5.8%. The company reported earnings after the bell on Wednesday that beat estimates. Cisco also provided a better-than-expected forecast for 2023. Bed Bath & Beyond — The latest
Two rating agencies cut Hazelwood, Missouri’s ratings this month as the city remains locked in a battle with a fire protection district over the cost for services that city officials have warned could lead to Chapter 9 bankruptcy. Fiscal problems city leaders blame on the dispute with the Robertson Fire Protection District came to a
From a 15th century manor house with a panoramic view to a medieval chateau converted to a luxury hotel, these properties will have you feeling like you are living in a fairytale, all for under EUR 4 million (about US $4.05 million). Here’s closer look: Medieval Chateau Turned Luxury Hotel In Savoie Where: Located in
(Click here to subscribe to the Delivering Alpha newsletter.) When Peter Kraus founded Aperture Investors, he deviated from the traditional active management model. Rather than raking in fixed fees, Kraus’ $3.8 billion firm operates on a fee structure linked to performance, charging 30 percent of alpha. That’s higher than the industry standard but since inception, about half
Technology has been one of the hottest sectors of the year. Can it keep the momentum? Coupa Software: https://www.zacks.com/stock/quote/COUP?cid=CS-YOUTUBE-FT-VID Salesforce: https://www.zacks.com/stock/quote/CRM?cid=CS-YOUTUBE-FT-VID Guidewire Software: https://www.zacks.com/stock/quote/GWRE?cid=CS-YOUTUBE-FT-VID Ambarella: https://www.zacks.com/stock/quote/AMBA?cid=CS-YOUTUBE-FT-VID Ciena: https://www.zacks.com/stock/quote/CIEN?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: http://stocktwits.com/ZacksResearch Follow us on Twitter: https://twitter.com/ZacksResearch Like us on Facebook: https://www.facebook.com/ZacksInvestmentResearch
This video is aimed at anyone new to trading the commodity markets. We look at which commodities you can trade with Trading 212, and take a generalised look at the futures markets and how they help commodity producers to hedge their exposure. Test and practice your investment strategies in real market conditions with virtual money.
Municipals sold off Wednesday with the largest losses up front, pushing the one-year triple-A yield well above 2%, the first time since March 2020. U.S. Treasuries were weaker and equities ended down. U.S. Treasuries started the day with large losses after higher inflation numbers out of Europe led to volatility early on but they pared
Federal Reserve officials discussed the need to keep interest rates at levels that restrict the US economy “for some time” in a bid to contain the highest inflation in roughly 40 years, according to an account of their most recent meeting. Minutes from the meeting, at which the US central bank raised its benchmark policy
A county judge declined to dismiss a lawsuit challenging the Oklahoma Turnpike Authority’s extension plan at the same time the OTA asked the state supreme court to validate bonds for the project. The ruling was the first in either of two lawsuits seeking to block OTA from building certain extensions as part of its bond-financed
The Ethereum network’s long-awaited transition from proof-of-work to proof-of-stake is set to occur from Sept 15 to 16 and for the last year, traders and analysts have been discussing various outcomes for the upgrade and possible trading strategies. Let’s take a look at three options investors and traders have. Hodl ETH to earn the expected
Bitcoin’s (BTC) bounce fizzled out near $24,500 on Aug. 17, indicating that the recovery still faces stiff resistance from the bears. On-chain monitoring resource Material Indicators said the ask liquidity on the Fire Charts was similar to prior local tops. Another reason for caution among crypto investors was that the recovery in the S&P 500