Month: September 2020

SpaceX deploys 60 Starlink satellites in orbit. SpaceX SpaceX gave an update on early tests of its Starlink satellite internet network, which showed speeds capable of playing online video games and streaming movies. Starlink is the ambitious plan by Elon Musk’s company to build an interconnected network of about 12,000 small satellites in low Earth orbit.
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New Jersey local governments gain new bonding capabilities to offset COVID-19-related revenue losses after Gov. Phil Murphy signed a revised municipal borrowing bill that addressed his previous debt concerns when he vetoed an earlier version of the measure. Murphy signed the legislation Monday three weeks after issuing a conditional veto noting opposition to the proposed
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Elon Musk, co-founder and chief executive officer of Tesla Motors. Yuriko Nakao | Bloomberg | Getty Images Baillie Gifford, Tesla’s largest outside shareholder, has reduced its position in the electric auto maker after the company’s rapid share appreciation made it an outsized influence on the firm’s holdings. A filing with the Securities and Exchange Commission
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Municipal bond financing takes center stage in briefs filed to the Supreme Court by the U.S. Department of Transportation and Brightline, Florida’s privately owned passenger rail project. Both briefs argue, in detail, about how federal tax-exempt private activity bonds have been properly authorized to help finance the construction of the train system’s 235-mile route between
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As you can see in the following chart, the United States Natural Gas Fund (UNG) has had a bit of a hot streak with prices rapidly reversing much of the losses seen this year. It is my view that UNG has gone too far in too short of an order and is due to correction.
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Exceptionally strong demand, historically low supply and record low mortgage rates are combining to fuel the fastest home price growth since 2018. Nationally, home prices in July were 5.5% higher than in 2019. That is a marked increase from the 4.3% annual gain seen in June, according to CoreLogic. Falling mortgage rates helped bolster the
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Over the past few weeks, the ProShares UltraShort Bloomberg Natural Gas (KOLD) has taken a very strong hit, as gas has rallied substantially. My current market view is that while KOLD is likely oversold in the short run, in the medium to longer term, KOLD is probably headed lower. Natural Gas Markets Let’s start this
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