Month: March 2020

[embedded content] Scott Chamberlain, Entrepreneurial Fellow at Australian National University (ANU) School of Law, grows very animated when talking about the potential of blockchain and law.  “Imagine an eBay-like platform that can resolve consumer law disputes without engaging the court system,” he marvels. Chamberlain’s research has long focused on innovations in and the impact of
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Getty Images April 1 is here.  Meeting routine financial obligations, such as rent and student loans bills, will be a challenge for the millions of Americans who find themselves without a paycheck thanks to the coronavirus outbreak.  Overwhelmed? Scared? Begin by making a list of all your bills, experts say. At the top should be the things
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The Milwaukee comptroller’s office is highlighting what it describes as the city’s tax revenue insulation from the economic turbulence caused by COVID-19 as the city prepares to wade into the market. The city — hit with two new negative rating outlooks — plans Thursday to competitively sell five series of bonds and notes. City officials
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Investors who are seeking to capitalize on the stock market’s recent steep declines must be disciplined, Bank of America Vice Chairman Keith Banks said Tuesday.  “I think a lot of people are trying to get clever and time the market,” Banks said on “Squawk Box.” “The reality is, it’s time in the market, not timing the market.”
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President Donald Trump’s decision to keep coronavirus safety guidelines in place until April 30, coupled with some promising developments from health care companies has helped calm some of the angst in the stock market, for now.  Stocks were up about 2% Monday morning, and health care was best-performing sector, up 3.6%. Johnson & Johnson jumped more
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Investors should be buying individual stocks, not indexes, as there is still more coronavirus-driven market volatility ahead, economist Mohamed El-Erian said Monday.  “If you feel it’s the all clear, go out and buy the index … I don’t think we’re there yet,” the chief economic advisor at Allianz said on CNBC’s “Squawk Box.” ”We’re not in an all clear.” El-Erian,
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Municipal benchmark yields were five to 10 basis points lower Friday, extending the market’s recent rally through the end of the week. The municipal market has weathered an unprecedented, volatile month during which the market swung from record-low yields to a 200-basis-point selloff before erasing much of the losses as the impact of the coronavirus
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Puerto Rico bankruptcy Judge Laura Taylor Swain on Friday ordered the postponement of deadlines in the central government bankruptcy. The Puerto Rico Oversight Board, citing the impact of the COVID-19 virus on the island and involved lawyers, asked for the postponement on Sunday. Puerto Rico bankruptcy Judge Laura Taylor Swain has delayed some parts of
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CNBC’s Jim Cramer said Friday he did not think investors were properly factoring in the likelihood a successful antiviral treatment for COVID-19 is developed.  “Is anyone even thinking anymore that there is something going on at any drug company that actually may have an antiviral?” Cramer said on “Squawk on the Street.” “I have just been
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Ohio Treasurer Robert Sprague launched a program this week to bolster liquidity and ease the financial burden Ohio hospitals face because of the COVID-19 pandemic. The state plans to buy up to $900 million in short-term debt that Ohio hospitals commonly issue to help fund their operations through a newly established Variable Rate Demand Obligation
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The money market funds asset group set a record for net inflows (+$259.8 billion) for the third consecutive week as the economic impact of the coronavirus continued to wreak havoc on investing. Conversely, taxable bond funds (-$62 billion) and municipal bond funds (-$13.7 billion) each had record-setting net outflows for the second consecutive week, while
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