Getty Images Money has piled into municipal bonds, known as muni bonds or “munis,” as investors aim to lower risk and reduce taxes. But some may worry about price drops amid rising interest rates. Investors funneled a record-breaking $96.8 billion of net money into U.S. muni mutual and exchange-traded funds in 2021, according to Refinitiv
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A proposed constitutional amendment (ACA 11) in California would increase taxes by $12,250 per household, roughly doubling the state’s already high tax collections, to fund a first-in-the-nation single-payer health-care system. The top marginal rate on wage income would soar to 18.05 percent—nationally, the median top marginal rate is 5.3 percent—and the state would adopt a
A look at the latest news in the world of crypto.
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 31, 2018. Brendan McDermid | Reuters Surging bond yields have triggered hedge funds to sell growth-focused technology shares at a speed not seen in the past decade. The hedge fund community dumped tech stocks in the four sessions
In this article BBBY Customer shopping in a Bed Bath & Beyond store Courtesy: Bed Bath & Beyond Bed Bath & Beyond shares tumbled nearly 10% in premarket trading Thursday after the home goods retailer missed analysts’ expectations for fiscal third quarter. Chief Executive Mark Tritton said a lack of inventory due to supply chain
In this article HUM RIVN BIRD GS CRWD CAG Rivian electric trucks are seen parked near the Nasdaq MarketSite building in Times Square on November 10, 2021 in New York City. Michael M. Santiago | Getty Images Here are the stocks making headlines on Wall Street in midday trading. Humana — Shares of the insurance
The pursuit of the American dream has been a part of my story from the beginning. If not for the courage of my family, I wouldn’t be here. My mom sacrificed to have me stay in America so I could take advantage of every opportunity available. As a first-generation Haitian American, education was always viewed
Getty Images Powerball’s $632.6 million jackpot has two winners. Or three, if you count Uncle Sam. After three months of no ticket matching all six numbers drawn, Wednesday night’s drawing produced two winning jackpot tickets: one in California and the other in Wisconsin. The amount marks the seventh-largest in Powerball’s history. More from Personal Finance:Here
In this article SPCE Virgin Galactic’s passenger rocket plane VSS Unity, carrying billionaire entrepreneur Richard Branson and his crew, lands after reaching the edge of space above Spaceport America near Truth or Consequences, New Mexico, U.S., July 11, 2021. Joe Skipper | Reuters Shares of space tourism company Virgin Galactic fell below $11.75 in trading
Austin, Texas. Ryan Martinez | Moment | Getty Images Several states have stopped accepting applications for federal rental assistance. The programs in New Jersey, New York, Oregon and Texas, as well as Washington, D.C., are either closed or on hold, leaving many struggling renters cut off from their only hope of paying off their debt
People crowd not following social distancing norms amid Covid-19 pandemic at Juhu Beach, on January 2, 2022 in Mumbai, India. Pratik Chorge | Hindustan Times | Getty Images India’s financial hub Mumbai has a robust health-care infrastructure that can withstand a growing number of Covid cases, the city’s governing civic body told CNBC on Thursday.
In this article PJC DJCO Jeenah Moon | Getty Images News | Getty Images Check out the companies making headlines in midday trading Wednesday: Salesforce, Adobe — The software stocks fell more than 4% each after UBS downgraded both companies to neutral from buy. UBS said that enterprise tech spending was pulled forward by the