It may be time to take another look at municipal bonds. The assets, which have enjoyed attractive tax equivalent yields, are particularly favored by wealthy investors because the income is free from federal taxes. Income can also be exempt from state and local taxes if the investor lives in the state where the bond is issued. These days, munis are cheap relative to corporate bonds, Bank of America said in a note Friday. “Muni weakness is not the driver here, but rather corporate richness,” municipal research strategist Yingchen Li wrote. “We believe there is room for munis to cheapen further…
Author: usaeverydaylife
Beyoncé at the 2024 iHeartRadio Music Awards held at the Dolby Theatre in Los Angeles on April 1, 2024.Michael Buckner | Billboard | Getty ImagesLevi Strauss summoned the Beyhive on Monday after teasing a potential collaboration with Beyoncé in a post on Instagram.The brand’s shares briefly popped after the update and were last up about 1% Monday.The post included an image of a woman wearing a cowboy hat and riding a horse with the caption “INTRODUCING: A New Chapter.” Aside from the allusions to Beyoncé’s latest album, “Cowboy Carter,” Levi’s also tagged the superstar’s account in the post, fueling buzz…
Nearly 20 years ago, Conrad Piccirillo attended his first Indiana Fever game. The WNBA franchise was just five years into its existence and on the brink of its best year to date, but he admittedly was not there for the basketball. His daughters, 10-year-old Caitlyn and 11-year-old Claire, were members of the Fever Inferno’s youth dance team, and he was there to cheer them on during their performances.Eventually, his daughters aged out of the dance troupe, but by that point, Piccirillo was hooked. He bought six season tickets and invited friends, reveling in the Fever’s 2012 WNBA championship. Yet, when…
Then Iranian Deputy Foreign Minister Abbas Araqchi speaks over the Iran nuclear deal during a press conference in Tehran, Ian on August 9, 2015Fatemeh Bahrami | Anadolu Agency | Getty ImagesIran is ready to start nuclear negotiations on the sidelines of the U.N. General Assembly in New York if “other parties are willing,” Foreign Minister Abbas Araqchi said on Monday in a video published on his Telegram channel.The U.S., under then-President Donald Trump, withdrew in 2018 from a nuclear accord signed in 2015 by Iran and six world powers under which Tehran curbed its disputed nuclear programme in return for…
A swathe of retailers and home improvement stocks could outperform over the next year as the Federal Reserve begins its interest rate-cutting cycle. CEO and chief research officer Dana Telsey pointed out that retail stocks on average beat the S & P 500 in the nine months after the U.S. central bank begins to ease monetary policy. Specifically, she said the S & P 500 consumer discretionary sector has beaten the broader market in seven of the last nine easing cycles during that first-nine-month window. “Similarly, we found that retail stocks outperformed the S & P 500 Index in eight…
US Vice President Kamala Harris speaks about reproductive rights at a campaign event at the Cobb Energy Center in Atlanta, Georgia, on September 20, 2024. Mandel Ngan | AFP | Getty ImagesThree former chairs of the Maine Republican Party “enthusiastically endorsed” Democratic Vice President Kamala Harris for president over GOP nominee and former President Donald Trump in an opinion piece published by Bangor Daily News on Monday.”We led our party at a time when candidates of both parties were not only civil and believed in the rule of law, but, we believe, had the best interests of the state and entire…
Striking Boeing workers hold rally at the Boeing Portland Facility on September 19, 2024, in Portland, Oregon. Jordan Gale | AFP | Getty ImagesBoeing on Monday sweetened a contract offer and said it was its “best and final” proposal for its more than 30,000 machinists as their strike entered a second week.The new offer includes higher pay increases, reinstated annual bonuses and an increased ratification bonus, among other changes, Boeing said on its website.The labor union didn’t immediately comment on the offer.This is breaking news. Please refresh for updates.Read more CNBC airline news Source link
ANAHEIM, Calif. — In the days leading up to Mike Trout’s expected return from a torn meniscus, team officials asked the three-time MVP to sit down with them.They had cobbled together videos depicting the evolution of his swing since 2016. The Angels were trying to discern why Trout was striking out more, walking less and trending away from his once-robust offensive profile.“You’re trying to find similarities to what he did when he was the best player in the game,” Angels hitting coach Johnny Washington said. “You’re trying to find commonalities of what he did before, and compare to now, to…
Agricultural commodities have seen intermediate-term momentum shift positively as they advance from long-term lows. This has been an emerging technical theme that we are attracted to with volatility having picked up in the equity market. Last month on Fast Money and in the Fairlead Strategies Idea Generator , we highlighted agricultural commodity ETFs like the Teucrium Corn Fund (CORN) and the Invesco DB Agriculture Fund (DBA) as oversold opportunities. Agricultural commodities look ready to extend higher following a couple weeks of healthy consolidation, so we are revisiting the charts to leverage a bigger counter-trend move. An example of one agricultural…
The U.S. has experienced an unprecedented wealth boom. Yet, few Americans — including millionaires— feel confident about their financial standing.Only 12% of Americans consider themselves wealthy, according to a new report by Edelman Financial Engines.Despite their high net worth, just 33% of millionaires said the same, the report found. Edelman Financial Engines polled more than 3,000 adults over age 30 from June to July, including 1,500 affluent Americans with household assets between $500,000 and $3 million.More from Personal Finance:The ‘billion-dollar blind spot’ of 401(k)-to-IRA rolloversSocial Security increase for 2025 could lowest since 2021How high earners can funnel money to a Roth IRATo…
