admin

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
0 Comments
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
0 Comments
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
0 Comments
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
0 Comments
Question: Why are there so many ETFs? Answer: ETF providers tend to make lots of money on each ETF so they create more products to sell. The large number of ETFs has little to do with serving your best interests. We leverage our data to identify three red flags you can use to avoid the
0 Comments
[embedded content] According to a 2019 report, Thailand ranks first in the world for mobile banking users. One of the reasons for this achievement is Siam Commercial Bank (SCB), which has spearheaded digital banking in the country over the past decade. SCB’s latest innovation—developed through its partnership with RippleNet—allows customers to make instant low-cost cross-border
0 Comments
Paul Tudor Jones Kevin Mazur | Getty Images Hedge fund manager Paul Tudor Jones said Thursday investors should commend Washington’s policy response to the economic shock from the coronavirus pandemic.  “Investors can take heart that we’ve counteracted this existential shock with the greatest fiscal, monetary bazooka. It’s not even a bazooka. It’s more like a nuclear bomb,”
0 Comments
California state agencies have received official word that they’ll have to tighten their belts as the state grapples with the COVID-19 pandemic. The Department of Finance sent out letters this week to the Legislature and department heads saying it would postpone its annual revised forecast ahead of the governor’s May budget revision and it will
0 Comments
This article uses market data as of Tuesday close. A sharp drawdown period for preferred stocks has hammered asset coverage and increased leverage across the CEF sector. Given the sharp losses in the sector, asset coverage may be the last thing on investors’ minds. Asset coverage, however, is key in the funds’ ability to sustain
0 Comments
Ben Bernanke, the former Federal Reserve chairman who served before and after the 2008 financial crisis, told CNBC on Wednesday that the coronavirus economic halt is more like a natural disaster than a depression. “It’s really much closer to a major snowstorm or a natural disaster than it is to a classic 1930s-style depression,” he said 
0 Comments
People look out from aboard the Grand Princess cruise ship, operated by Princess Cruises, as it maintains a holding pattern about 25 miles off the coast of San Francisco, California on March 8, 2020. Josh Edelson | AFP | Getty Images Check out the companies making headlines in midday trading.  Norwegian Cruise Line, Royal Caribbean,
0 Comments
Recent not-for-profit healthcare and higher education disclosure about COVID-19 provides a stark picture of the fiscal and operational hardships posed by the intensifying pandemic. A look at a series of recently sold and pending Midwest deals highlights how disclosure is ramping up in some bond offering documents as borrowers begin to feel the disease’s impact.
0 Comments