Author: starbpo

Investors now have additional options for obtaining exposure to tax-exempt debt as the number of exchange-traded funds devoted to the municipal bond market seems poised to grow. “The ETF business in munis is in the early innings,” Morgan Stanley Investment Management co-head of municipals Craig Brandon stated over the phone. “I think you’re going to see more and more of the muni space moving toward ETFs.” Investors seeking tax-exempt income, especially those who are “very wealthy,” are drawn to the $4 trillion muni market, according to Brandon. He stated that Morgan Stanley, which already offers two muni ETFs—the Eaton Vance…

On Thursday, Intel Corp. shares are rising once more, and the recent robust advance may make them even more alluring. The struggling chip stock is up 29.2% over its current four-session winning streak and up 10% in Thursday’s trade. According to Dow Jones Market Data, that might be the biggest four-day run for Intel (INTC) since the period ending Nov. 2, 1987, when it increased 38.3%. Early on Tuesday, Vice President J.D. Vance emphasized the importance of U.S. semiconductor production to the new government, which gave Intel a boost. Investors believed that Intel, being the largest chip manufacturer in the…

The Top 12 AI Stocks Taking Wall Street by Storm is a list we recently put together. This article will examine Tesla, Inc.’s (NASDAQ:TSLA) position in relation to other AI stocks. Is strict regulation the best course of action when it comes to AI? Not nearly, said U.S. Vice President JD Vance. Rather, Vance rejects content moderation as “authoritarian censorship” and believes that “massive” controls on AI could stifle the technology. Similarly, the United States and the United Kingdom have refused to sign the final declaration of a recent AI summit, which stated that AI should be safe, ethical, open,…

Time to give the chiefs a round of applause. Originally celebrating the birthday of our first president, George Washington, Presidents Day commemorates individuals who have served as president of the United States. In fact, the government calendar and the calendar of the New York Stock Exchange still refer to the event as Washington’s Birthday. Every year on the third Monday in February, which is February 17 this year, it is observed. On Monday, a lot of establishments, including financial markets, offices, and enterprises, will be closed. This is what to anticipate. Does President’s Day see the opening of the stock…

After the biotech company reported a larger-than-expected fourth-quarter loss and provided modest outlook for 2025, Moderna Inc.’s stock overcame early losses to recover 3.4% on Friday, offsetting a sales beat. Moderna, a company based in Cambridge, Massachusetts, reported a net loss of $1.1 billion for the quarter, or $2.91 per share, following $217 million in earnings, or 55 cents per share, for the same time last year. Revenue dropped from $2.8 billion to $1 billion in the previous year. The FactSet consensus predicted $943 million in revenue and a $2.68 per share loss. The early release of the revised COVID-19…

Following reports that the Trump administration convinced the tech titans that they would not be subject to legal repercussions for supporting the Chinese-owned social media site, TikTok was reinstated in the app stores operated by Apple Inc. and Alphabet Inc. on Thursday. Due to a bipartisan law that forbade it in the United States, the well-known video-sharing software was taken down from Alphabet’s (GOOG) (GOOGL) Google Play store and Apple’s (AAPL) software Store on January 19. President Donald Trump issued an executive order postponing the law’s enforcement on his first day back in office. The tech behemoths, however, excluded TikTok…

In premarket trading, GameStop Corp. shares increased by almost 7% after it was reported that the business is considering investing in bitcoin. The videogame store and original meme stock (GME), according to CNBC, is thinking about investing in alternative asset classes, such as bitcoin (BTCUSD) and other cryptocurrencies, citing people with knowledge of the situation. After hours on Thursday, GameStop’s stock first increased by almost sixteen percent before reversing its gains. In premarket trading, the stock has increased by 7.5%. A request for comment on the report from MarketWatch was not immediately answered by the corporation. Related: After CEO Ryan…

As travel demand levels off but remains strong, Airbnb Inc. said it plans to continue investing in expansion and building on the progress it made last year, despite its first-quarter sales projection coming up just short of Wall Street’s forecasts on Thursday. According to the corporation, it anticipates $2.23 billion to $2.27 billion in revenue in the first quarter. According to a FactSet survey, Wall Street experts anticipate $2.29 billion in sales. Over that period, Airbnb (ABNB) anticipates “relatively stable” increase in the number of nights booked. An adjusted profits before interest, taxes, depreciation, and amortization margin of “at least…

Performance of the Stock and the Reason for the Decline According to Dow Jones Market Data, Reddit’s stock sank 8.8% as of 9:34 a.m. Eastern time, one of the biggest drops since March 28, 2024, when it fell 14.6%. The selloff occurred after the business blamed “volatility” in Google search traffic, which was brought on by an algorithmic update, for its lower-than-expected user growth. ‍Josh Beck, an analyst at Raymond James, thinks this is a buying opportunity despite the investors’ unfavorable response. He pointed out that the lower-than-expected number of daily active unique users in the United States was probably…

It is possible that Arm Holdings PLC is about to undergo a significant change in its business strategy, which would place it directly in rivalry with its clients, such as Qualcomm Inc. and Nvidia Corp. The Financial Times reported on Thursday that Arm (ARM) intends to introduce a new processor as early as this summer, with Meta Platforms Inc. (META) serving as its initial client. Because the U.K.-based company licenses out its chip designs rather than selling actual chips, Arm is notable in the semiconductor sector. The core processors for smartphones, such as the iPhone from Apple Inc. (AAPL), are…