Author: arthursheikin@gmail.com

[ad_1] Investors looking for a great entry point in municipal bonds can find it in water revenue issues, according to Nuveen. The muni market, in general, has been the worst-performing fixed-income asset class so far this year through the second quarter, said Dan Close, head of municipals at Nuveen. That has created a unique opportunity to nab the bonds at bargain prices — with yields that are approaching 10-year highs, he said. Yields move inversely to prices, so the market’s recent weakness equates to higher yields. For instance, an AA-rated water revenue bond from New York City Water Finance Authority…

[ad_1] 2025-07-10T18:51:27Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. The 40-year-old OG Hermès Birkin bag sold for $10.1 million at a Sotheby’s Paris auction. The Birkin bag, inspired by Jane Birkin, is a coveted status symbol among the wealthy. The sale set a record, surpassing the Hermès White Himalaya Niloticus Crocodile bag. A 40-year-old worn-in Hermès Birkin bag has become…

[ad_1] Investors are hoping that the Federal Reserve will cut interest rates in 2025, but Josh Brown of Ritholtz Wealth Management says that a cut shouldn’t be on Wall Street’s radar. “A rate cut doesn’t matter,” the firm’s CEO said on CNBC’s ” Halftime Report ” on Thursday. “Nobody should be baking in any specific number of rate cuts as a means to say stocks, therefore, are 8% to 10% undervalued. That should not be the bull case – that we’re going to get accommodative policy because the employment situation is going to start to suck. The logic is completely…

[ad_1] Homebuilder stocks have been chronic underperformers in 2025, failing to develop any sort of bullish rotation while the major benchmarks have recovered quite well. Since the April 7th market low, the iShares U.S. Home Construction ETF (ITB) has experienced minimal gains, resulting in weak relative performance versus the S & P 500. A review of the charts this week shows that the ITB has rotated to an accumulation phase, marked by a pattern of higher highs and higher lows. Let’s look closer at this week’s breakout and see how this could be just the beginning for this improving industry…

[ad_1] In just five days, startup leaders from across the country will descend on Boston’s SoWa Power Station for TechCrunch All Stage 2025 — and your chance to lock in the lowest ticket prices will be gone. Whether you’re preparing for your next raise, looking to fine-tune your go-to-market strategy, or building your founding team, TC All Stage is where real startup momentum happens. This is a full-day event packed with actionable sessions, tactical advice, and conversations that push your company forward. Right now, Founder Passes are just $100 and Investor Passes are $200 — but those savings (up to…

[ad_1] Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldJPMorgan Chase chief executive Jamie Dimon warned European leaders they have a competitiveness problem and that they are currently “losing” the battle to rival the US and China. “Europe has gone from 90 per cent US GDP to 65 per cent over 10 or 15 years. That’s not good,” Dimon said at an event in Dublin organised by the Irish foreign ministry. “You’re losing.” The comments from Dimon, one of the most influential voices in global finance, underscore the challenges facing…

[ad_1] Inflated used car prices as President Donald Trump’s tariffs “leave the station” could be a boon for dealer stocks, according to Morgan Stanley’s Adam Jonas. The analyst cited data from the Manheim Used Vehicle Value Index that showed prices jumped nearly 2% month-over-month in June and more than 6% year-over-year. The firm tied part of the reason for the sharp jump in prices to the effect of tariffs on sales and tight supply for both new and used cars. Other catalysts for the increase, Jonas added, were consumers opting to front load and make purchases ahead of the full…

[ad_1] Grok 4 crunched the numbers and predicted a winner of the World Series. To the disappointment of San Francisco Giants fans, it thinks the Los Angeles Dodgers are in pole position.Sports bettors rely on a variety of tools for their wagers. Betting sites like FanDuel and BetMGM have their own odds, as do prediction markets like Polymarket. Grok 4, the newest iteration of xAI’s large language model, may be their next resource.During the launch of Grok 4 — just a day after its previous iteration, Grok 3, went on several antisemitic rants — Elon Musk and his xAI panel…

[ad_1] One of the most-purchased items so far during Amazon’s Prime Day isn’t an Alexa-enabled device or the Nintendo Switch 2. It’s a hydration drink mix.Liquid IV packets were the most-bought item by number of units sold during Prime Day’s first day and a half, according to Numerator data that tracked transactions.Some shoppers have turned to Amazon’s marquee sales event in past years for discounts on electronics or other big-ticket items. This time, though, early results suggest customers are largely buying less-expensive household items, such as cleaning supplies and personal care goods.This year, Amazon’s Prime Day lasts four days between July 8…

[ad_1] What do you put in a swag bag for a billionaire CEO?If the outfits at Sun Valley offer any indication, the answer is…pretty similar to what the average Joe or finance guy would get.The annual Allen & Co. Sun Valley Conference is taking place this week, offering power brokers in tech and media fertile ground to hobnob, make deals, and play a few rounds of golf.Many are sporting looks befitting of the conference nicknamed “summer camp for billionaires.” Some also appear to be going around with swag that attendees presumably receive.Microsoft CEO Satya Nadella and Uber CEO Dara Khosrowshahi,…