In recent months, many investors have flocked to cash vehicles, such as money market funds and certificates of deposit, as interest rates have risen. The total money market fund assets have reached unprecedented levels, standing at $6.12 trillion for the week ending on Wednesday. However, financial experts are now warning investors to start looking towards
The municipal bonds market has seen some fluctuations in recent weeks, with notable changes in yields and spreads. According to Barclays strategists Mikhail Foux and Clare Pickering, U.S. Treasury yields fell slightly this week, contributing to firmer municipals. The market rally, which started after showing signs of weakness in May, is expected to continue into
Recent reports from Zillow indicate that there has been a significant increase in the number of new listings hitting the market. In fact, new listings jumped by 13% in May compared to last year. However, despite this increase, homes are taking longer to sell due to the lack of buyers entering the market. The number
Boeing’s Starliner capsule, known as “Calypso,” has received an extension to its mission at the International Space Station, double its original planned duration. This developmental mission, referred to as Boeing’s crew flight test, involves a series of tests being conducted on the Starliner while it is docked with the ISS. The mission marks the first
Federal Reserve Bank of Cleveland President Loretta Mester recently expressed her concerns regarding inflation risks, stating that she still sees them as tilted to the upside. Despite some positive news in the latest data, Mester believes that the risks to inflation remain elevated. In an interview at Bloomberg’s New York office, she also mentioned that
The effects of climate change are becoming more evident as sea levels rise and storms intensify, posing a significant threat to coastal real estate across the United States. From Dana Point, California, to Long Island, New York, and Nantucket, Massachusetts, some of the nation’s most valuable coastal properties are facing unprecedented challenges. The current hurricane
The recent capitulation of Bitcoin miners has caught many in the cryptocurrency market by surprise. This unexpected turn of events could potentially have a significant impact on the future of the digital gold. Let’s take a closer look at why miner capitulation could be a pivotal moment for the growth of BTC. The concept of
The recent announcement by the Pentagon regarding the winning bidders in the rocket launch contract sweepstakes has certainly shaken things up in the space industry. One of the most notable winners is Jeff Bezos’ Blue Origin, which secured a spot for the first time in this lucrative endeavor. This marks a significant achievement for Blue
Indianapolis Mayor Joe Hogsett’s recent announcement about pursuing a Major League Soccer team for the city has raised questions about the previous plans for a new stadium development led by Ersal Ozdemir, owner of the Indy Eleven, the city’s United Soccer League team. Despite initial concerns that the Mayor’s MLS pursuit might overshadow the existing
One major U.S. bank that caught the attention of analysts on Friday was Bank of America, which received an upgrade from KBW. Analyst David Konrad believes that Bank of America could be at an inflection point in terms of net interest income, which could lead to a potential increase in the stock price. The upgrade