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☆ Get tax-exempt income on the cheap as bond shake-up hits munis
▼ + stars: | 2023-10-12 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Tax-exempt income and relative safety are on sale for investors who are sniffing around municipal bonds. Tax-exempt income Interest income from municipal bonds is exempt from federal income tax — and can avoid state and local levies, too, if an investor and the bond issuer are in the same jurisdiction. This feature makes munis especially attractive to high-income investors in the 32% marginal federal income tax bracket and higher. Investors weighing a tax-exempt municipal bond against a corporate bond would do well to check out the tax equivalent yield. Schwab's Howard noted that the 5- to 7-year part of the municipal bond curve is favorable.

Persons: MUB, Nathan Will, Will, it's, Cooper Howard, Schwab's Howard, Shannon Saccocia Organizations: Federal Reserve, Muni Bond ETF, Vanguard, AAA, Bond, ., New York Life Investments, Schwab Center, Financial Research Locations: munis, muni

CHICAGO (AP) — Like so many tennis fans around the world, Nathan Willett was captivated by Carlos Alcaraz's five-set victory over Novak Djokovic in the Wimbledon final this summer. Only Willett was on the road with the Cold War Kids, opening for Tears for Fears on a North America tour. There are 30 more dates on his schedule after Cold War Kids announced a tour on Tuesday in support of its self-titled 10th album — 12 songs that touch on everything from breaking up with a therapist to gender norms to confronting a toxic past. After releasing a trilogy of albums over three straight years and mulling over a more dramatic departure from the band's indie rock sound, Willett said Cold War Kids' new music is more about what it does best — leading to the eponymous title. It was a suggestion by his wife, Kristina Dahlin, who thought he needed a new hobby while Cold War Kids was off the road for a while.

Persons: Nathan Willett, Carlos Alcaraz's, Novak Djokovic, Willett, ” Willett, ”, “, Kristina Dahlin, —, “ There’s Organizations: CHICAGO, Wimbledon, Kids, Esperanza High School Locations: America, California, Anaheim , California, Southern California

☆ NBA roundup: Warriors hang 157 on Blazers, glide into playoffs
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: +12 min

Shaedon Sharpe added 18 points to go with a team-high seven rebounds, while Jeenathan Williams had 17 points for Portland. New Orleans' Brandon Ingram had 42 points and 12 rebounds, CJ McCollum scored 23 points and Trey Murphy III had 20. Lindell Wigginton scored 17 points and Bobby Portis had 16 for the Bucks. Jaden Hardy led all scorers with 25 points, with Theo Pinson forging a triple-double (23 points, 13 rebounds, 12 assists) for the Mavericks. De'Aaron Fox, who scored 13 points, played less than 18 minutes.

☆ India's TCS CEO Gopinathan to step down, veteran Krithivasan to take over
▼ + stars: | 2023-03-16 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, March 16 (Reuters) - India's largest IT services provider Tata Consultancy Services (TCS) (TCS.NS) said on Thursday Rajesh Gopinathan will resign as chief executive officer, just a year into his second five-year term at the helm of the company. The company said Gopinathan — who was re-appointed last year as the Indian IT behemoth's CEO till 2027 — will leave TCS to pursue other interests. Gopinathan has been with TCS since 2001 and has held multiple leadership positions, including that of chief financial officer. Under his leadership, TCS shares have nearly tripled, revenue has almost doubled and profit has risen about 60%, as of last quarter. TCS shares, which have lost about 2.2% so far this year, closed down 0.4% on Thursday.

☆ Fed Rate Policy Is Shaking Up the World of Muni Debt
▼ + stars: | 2023-02-24 | by ( Heather Gillers | ) www.wsj.com time to read: 1 min

Concerns that the Federal Reserve will continue to increase rates have affected municipal fund inflows. The markets’ bumpy start to 2023 is causing whiplash even in the historically placid realm of state and local government debt. Municipal bonds this month have erased nearly all of their January gains after fears of rate increases cooled investor appetites. “It has been a roller coaster,” said Nathan Will , head of municipal credit research at Vanguard Group.

☆ Investors will reap billions if Kroger takes over Albertsons. Workers and shoppers may not be as happy.
▼ + stars: | 2022-11-05 | by ( Gretchen Morgenson | Gretchen Morgenson Is The Senior Financial Reporter For The Nbc News Investigative Unit. A Former Stockbroker | She Won The Pulitzer Prize In For Her | ) www.nbcnews.com time to read: +11 min

Wealthy investors in Safeway’s parent, Albertsons Companies, have done better. And next week, they were slated to reap a $4 billion cash dividend in connection with a proposed $25 billion takeover of Albertsons by rival Kroger. Based on that stake and the amount of the dividend, Cerberus stands to receive roughly $1 billion of the dividend payout. Six of Albertsons’ 14 directors who voted for the dividend are affiliated with the major investors. This is the last, best and final hope for a truly unionized chain.”Nervous about the pensionThe proposed $4 billion cash dividend is large by many measures.

☆ An Apple and Tesla exec who quit to build his own startup now has a star-studded list of investors
▼ + stars: | 2022-10-28 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +5 min

"I felt there was something left in me to build a zero-to-one startup," said Sukemasa Kabayama, the co-founder and CEO of Uplift Labs. The opportunity to work for not just one but two tech giants was "very rewarding" for Sukemasa Kabayama. I was thinking, it would be much more exciting to really build something from scratch, from the ground up. "I was thinking, it would be much more exciting to really build something from scratch, from the ground up." Uplift Labs

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