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When it comes to tax-free municipal bonds, investors who are comfortable with taking more risk are seeing attractive returns. High-yield municipal bonds – issues that are rated below BBB by Standard & Poor's – have greater default risk than their investment-grade counterparts. Muni bonds provide tax-free income on a federal basis – and on a state basis if the investor resides in the same state as the issuer. High-yield muni bond funds have seen estimated net flows of $6.76 billion in 2024 as of June 30, according to Morningstar. Before you step in Investors looking at high-yield muni bonds, be it individual issues or the funds, ought to consider their risk appetite and their goals.
Persons: Morningstar, Beth Foos, munis, you've, Matthew Norton, Norton, Mathew Kiselak, that's, Kiselak, Morningstar's Organizations: Standard, Bank of America . Investment, muni, Morningstar, SEC Locations: corporates
The fleet of 500 vehicles operating in the city belongs to Apollo Go, a unit of Chinese tech giant Baidu (BIDU). There have also been complaints from residents in Wuhan about traffic jams, as driverless cars fail to respond to traffic lights. Uncertainty over the safety and reliability of driverless cars has cast a long shadow over the industry in the US. Last week, authorities in Shanghai’s Pudong New Area started handing out licenses to driverless car operators, including Apollo Go and Alibaba-backed AutoX, according to state media China Daily. California-based startup Pony.ai, backed by Toyota and Saudi Arabia, was also given the green light to test driverless vehicles in the financial hub.
Persons: You’ll, ” Tu Le, robotaxi, Apollo Go’s, Apollo, Waymo, Elon Musk, Go Organizations: Hong Kong CNN —, Weibo, Baidu, Global Times, Sino, CNN, National Bureau of Statistics, Apollo Go, United, GM, Department of Justice, McKinsey, Pudong New Area, Toyota, Beijing Municipal Bureau of, Information Technology, People’s Daily Locations: China, Hong Kong, Wuhan, Weibo, United States, United Arab Emirates, California, Beijing, Shenzhen, Pudong, . California, Saudi Arabia, Bao’an district, People’s
Muni yields are at their highest levels in years, offering significantly better compensation than in recent history. For example, let's say you're in the 35% tax bracket, comparing an 8% corporate bond to a 5.25% muni bond. Still, in 2024, municipal credit upgrades have outpaced downgrades by a ratio of 2.1 to 1, as of March 31, according to Moody's Analytics. The federal exemption for muni bond interestAmid the looming 2025 tax cliff and federal budget deficit, some experts also worry about the federal tax break for muni bond investors, Kozlik said. Although the exemption remained intact through TCJA negotiations, federal lawmakers enacted other changes that raised levies on muni bond issuers.
Persons: Joe Biden, Donald Trump, Emily Elconin, muni, Sean Beznicki, Beznicki, Kozlik Organizations: Republican, Michigan Conservative Coalition, Reuters, muni, VLP Financial, VLP, House, American Locations: Novi , Michigan, U.S, Vienna , Virginia, refinance
When it comes to investing in municipal bonds, the Fidelity Intermediate Municipal Income Fund (FLTMX) has a "steadfast" approach that has served investors well, according to Morningstar. They look at the yield curve, credit quality and structure of the bond when assessing assets, he added. The result is a 45.5% allocation to AA-rated munis, 31% in A-rated and 7% in BBB-rated municipal bonds. The team also makes a lot of small bets instead of relying on big investments that can make or break a portfolio, Maka added. So we've been buying some of those deep discount securities that were hit hard as rates rose," Maka explained.
Persons: Morningstar, Michael Maka, We're, Maka, FLTMX, Bond, we've, muni, it's, Elizabeth Foos Organizations: Fidelity, Income Fund, SEC, Federal Reserve, Revenue, BBB, AAA, Bloomberg
Eyes closed, she listened as the Mercato Partners cofounder Greg Warnock stepped into the living room of his houseboat. Before starting Mercato, Warnock bought a large stake in a chemical-distribution business and made his first few millions in the acquisition. For an aspiring investor in Silicon Slopes, Mercato Partners seemed the place to be. They say the complaints from female Mercato employees are emblematic of religious and social norms that place women in the home. Mercato Partners no longer promotes Savory Fund or Prelude on its website following an organizational shake-up.
Persons: Powell, Elizabeth Moore, Greg Warnock, Moore, Warnock, Melia Russell, Jim Dreyfous, Paul Ahlstrom, Mercato, Emma Jackson, Elizabeth Moore's, Lake Powell, Mr, Staci, McCubbins, feely, David Bateman, Bateman's, Josh James, James, machismo, David McNew, Alan Hall, Jackson, wouldn't, Matthew Ashton, something's, massages, Melissa Walred, Walred, Greg, There's, gleeful Warnock, he'd untangle, Joe Kaiser, Ryan Sanders —, Savory, Warnock's, Davis Warnock, Davis, Victor Charlie, Larry H, TMRS, Staci McCubbins, Rosalie Chan Organizations: Mercato, Business, Lambda, Mercato Partners, BI, Opportunity, Thermal, vSpring, Beehive State, Getty, Pelion Venture Partners, Miller Company, Missouri State Employees, System, Nationwide Insurance, Family Insurance, Los, Employees, Association, Saudi Aramco, Google, Facebook Locations: Utah, Mercato, Lake, Coachella, Powell, Beehive, Silicon Slopes, Salt Lake City, Cottonwood Heights, Tibet, Missouri, Texas, Los Angeles, Saudi
Goldman's 2024 class began in early June, and this summer's cohort represents the most competitive and selective yet. And not just intern to intern, but even the VPs and associates and analysts on your deal team really included you and made you feel very much part of it. You're meeting all these new people, you're getting assignments you're super excited to work on, and you're also trying to show your value. If you slow down and check the work, you're inherently going to learn it better and be able to apply it better. He was in municipal banking, and I was on the credit syndicate team – we were both analysts on a deal team.
Persons: Elizabeth Reed, Goldman Sachs, Lizzie, , Reed, Goldman, You've, it's, Emmalyse Brownstein, — that's, they're, I've, Obama Organizations: Service, Goldman Sachs ' New, University of Notre Dame, Business, NYU, Goldman, TXU Corp, Wall Locations: Goldman Sachs ', Goldman Sachs ' New York, New Jersey, New York City, New York
A 27-year-old single mother from Valencia, Alvarez left Venezuela in 2017 when her son Gabriel was only one. We are all abroad: uncles, aunts, cousins… only my mom and my dad, and one of my brothers remain in Venezuela,” Alvarez told CNN. Alvarez and many other migrants in Bogota, think similarly: “Maduro can only win the election if he steals it. Gaby Oraa/ReutersWhat it means for AmericaIt’s the fate of migrants like Alvarez and millions of others like her that are making this such a closely watched election. Dib estimates that up to two million more migrants could be on the move by next year.
Persons: Barrio Hugo Chavez, Maria Alvarez, Alvarez, Gabriel, haven’t, … I’ve, , ” Alvarez, , , Christian Monterrosa, Nicolas Maduro, Edmundo Gonzalez, Maduro, Maria Corina Machado, Gonzalez, Laura Dib, I’d, Endel Gonzalez, Gaby Oraa, Joe Biden, Jose Raul Mulino, Brandon Bell, Biden, Jorge Rodriguez, Washington, ” Dib, there’s Organizations: CNN, Barrio, United Nations, Venezuela –, Getty, US State Department, Venezuelan, Carter Center, UN, Washington Office, Latin America, US Customs, Border Patrol, Democratic, Migrants, State Department Locations: Venezuela, Bogota, Colombia, Municipal, Valencia, Brazil, Ecuador, Chile, El Paso , Texas, Ciudad Juarez , Chihuahua, Mexico, AFP, Washington, Caracas, Maduro, Maracaibo, Carabobo State, United States, Panama, Central America, Northern Mexico, Peru, Rio Grande, China, Russia, Iran, Trump
Read previewA municipal police officer at Donald Trump's rally in Pennsylvania encountered the shooter before the assassination attempt but retreated, according to The Washington Post. Secret Service agents quickly surrounded the president, who later confirmed in a Truth Social post that a bullet struck his ear. A Secret Service sniper fatally shot Crooks. AdvertisementLaw enforcement officials and the Secret Service are facing criticism following the incident. According to the outlet, the roof was less than 164 yards from where Trump stood onstage.
Persons: , Donald Trump's, Butler County Sheriff Michael T, Slupe, Thomas Matthew Crooks, Crooks, Trump, Joe Biden, Biden, Mike Johnson Organizations: Service, The Washington Post, Butler County Sheriff, Business, Trump, Secret Service, Defense Intelligence Agency, BI, GOP, Federal Bureau of Investigation, Republican National Convention Locations: Pennsylvania, Butler County, Butler, Milwaukee
The Van Epps family left behind two dogs, a stunned and grieving community, and an untold number of priceless memories. The Van Epps family in an undated photo from several years ago. The Van Epps family took a different route. James Ryan Van Epps pitched in a baseball tournament the morning of the plane crash. Courtesy Ansley Van EppsMeanwhile, she and others who loved the Van Epps family took care of other priorities.
Persons: Georgia CNN —, Ansley Van Epps, , Ryan Van Epps, Laura, Harrison, James Ryan, Roger Beggs, Van Epps, Regan Burr, Burr, Ryan’s, Ansley, Ryan, Christine Clements, Christine Marie, “ Harrison, Stefanie Gammage, ” Harrison, Rich Dennis, , ” James Ryan, Brent Bechard, James Ryan’s, They’d, Chase Timms, Roger, James Ryan Van Epps, Erik Rank, Timms, ” Timms, , , Piper, It’s, Walker, Laura wouldn’t, D.J, Jason, who’d, “ James Ryan Organizations: Georgia CNN, Perimeter, Roswell United Methodist Church, Roswell High School, Ridge Christian School, North Atlanta Football Club, Blue Jays, Baseball Hall of Fame, Mirage, Cooperstown, Team Elite National, Elite, Oneonta Municipal, National Transportation Safety Board, NTSB, JFK, Delta Airlines Locations: Milton, Georgia, New York, Catskill, Alpharetta, , Cooperstown, Savannah, Oneonta, Charleston , West Virginia, Atlanta, Lake Cecil, Masonville , New York
AP —Twelve schoolchildren and their driver were killed in South Africa on Wednesday when their minibus overturned and caught fire on a road in Gauteng province, officials said. Seven other children were injured in accident, which took place in the town of Merafong, west of the country’s economic hub Johannesburg. Education and transport officials visited the scene of the crash and the injured children at a hospital in the nearby area of Carletonville. Head of the Gauteng provincial government, Panyaza Lesufi, also visited the injured children. Gauteng education department spokesman Steve Mabona said 11 of the children who died attended Rocklands Primary School while the twelfth child went to Laerskool Blyvooruitsig in Carletonville.
Persons: Panyaza Lesufi, Steve Mabona, Laerskool, ” Mabona Organizations: Rocklands Primary Locations: South Africa, Gauteng, Merafong, Johannesburg, Carletonville, South
CNN —For years, Airbnb has known some of its hosts have used hidden cameras to secretly spy on guests, invading their most private and intimate moments. A CNN investigation found the use of hidden cameras is a persistent problem in the industry. The Airbnb representative testified that the company generated 35,000 customer support tickets about surveillance devices in the preceding decade. An Airbnb spokesperson told CNN that a single report could create multiple tickets. Airbnb makes “every effort” to support police investigations of hidden cameras, the company told CNN in a written statement.
Persons: Airbnb, ” Airbnb, “ I’ve, , Kim van Sparrentak, Organizations: CNN, European Union, EU Locations: United States
A handful of states, including Texas and Nevada, have set up dedicated systems designed to restore tenants to their homes after an illegal lockout. She and her family still don't have a new apartment, she said, and the eviction cases on her record don't help. BI reviewed two years' worth of lockout cases from the department and found city lawyers routinely dismissed tickets, often without documenting why. Bridget Bennett for Business InsiderThat afternoon, Brown had three cases on his docket in which tenants were alleging they'd been illegally locked out and dozens of cases in which landlords were seeking formal evictions. In 2022, Miami-Dade County passed a tenant's bill of rights that underlines the illegality of lockouts and limits a landlord's ability to harass tenants.
Persons: Henisha Dunn, Dunn, Zion Griffin, Griffin, Dunn's, Alyssa Pointer, , Caryn Schreiber, Paul Panusky, He's, Jeffrey Uno, Uno, David Brogan, Griffin's, didn't, Brandon Johnson, Abel Uribe, Rolando Quebrado, lockouts, Quebrado, Pangea, Troy Marr, Marr, James Byczek, Byczek, Michael Dudek, wasn't, Dudek, Marr's, lockouts that's, David Brown, Bridget Bennett, Brown, they'd, They're, doesn't, Dana Karni, Karni, Brooke Boyett, Harris, Marlon Coleman, Coleman, Shay Awosiyan, Mr, Awosiyan, he'd, Callaghan O'Hare, Schreiber, Jay Trumbull, Trumbull, Tom Butler, Ron DeSantis, Joe Raedle, Florida's, Austin, Coleman's Organizations: Business, BI, Survey, Department of Justice, Legal, Foundation of Los, New, Apartment Association, Atlanta Legal, Chicago police, Police, Chicago, Nevada Business, Regional Justice Center, Las Vegas Regional Justice Center, Las Vegas Justice, Justice, Lone Star Legal, Harris County's, Administration, Houston, Texas Excel Property Management, Houston Police Department, Excel's Villa Nueva, Texas Excel, Apartments, Republican, Florida Realtors, Gov Locations: Georgia, New Jersey, Minnesota, California, Texas, Nevada, New York, Atlanta, Michigan, Foundation of Los Angeles, Fulton County, Chicago, Chicago's Jefferson, They're, Las Vegas, Harris County, Houston, In Texas, Harris, Greater Inwood, Miami, Dade County, Florida, Dallas, Applebee's
But the program has since moved to another station, and its legacy in San Diego is a faint, fond memory. AdvertisementWith such a rich history of aerial dynamism, it's no surprise that San Diego has become a major hub of this technology. Defense, AI, and a warming reception from VCsLong before AI became a household buzzword, Shield AI launched in San Diego. AdvertisementBut San Diego seemed to be a better fit with its access to open land and proximity to the ocean. That pipeline continues to feed into the San Diego tech ecosystem, feeding and driving the aerial innovation it has become known for over a century.
Persons: , Tom Cruise, Larsen Jensen, Palmer Luckey's Anduril, Brandon Tseng, VCs Long, Tseng, Ryan, presciently, Hivemind, It's, shouldn't, Jensen, Ian Muceus, Muceus, we've, Firestorm's, Firestorm, Glenn Curtiss, Grant Jordan, Andreessen Horowitz, — Jordan, Jordan, SkySafe, Tim Draper, Aleksey Matyushev, Matyushev, Oakland — Natilus, Natilus, General Atomics, Northrop Grumman, Lockheed Martin Organizations: Service, Kawasaki Ninja, hotshot Navy, US Naval Air Station, Business, Navy, Harpoon Ventures, Defense, aha, Navy SEAL, US Department of Defense, Coast Guard, Air Force, Marine Corps, BAT, SpaceX, Marque Ventures, Silent Ventures, US Navy, Soma, Oakland, San Diego International Airport, Brown Field Municipal, Northrop, Lockheed Locations: San Diego, Miramar, Diego's, Diego, Afghanistan, Persian, Israel, Caribbean, Bay, San Diego Bay, West, San Jose, San Francisco, Central Valley, Vallejo, Kona
A CNN investigation found that Airbnb consistently fails to protect its guests despite knowing hidden cameras are a persistent concern within its industry. Video Ad Feedback A woman describes the moment she realized her Airbnb host had placed a hidden camera in her room. And, while hotels can be held legally responsible for guests harmed on their property, Airbnb frequently is not. In January, CNN began reaching out to former Airbnb employees to ask about hidden camera concerns within the industry. “Less than a month for every victim,” said Wyzynajtys, the guest who found Allee’s hidden camera.
Persons: Airbnb, , Brian Chesky, Chloe LeBrument, , LeBrument, … it’s, Bianca Zuniga, Goldwater, “ I’ve, Comfort , Texas David Wyzynajtys, Airbnb’s, Wyzynajtys, ” Wyzynajtys, David Wyzynajtys, Austin Steele, CNN Wyzynajtys, Jay Allee, Allee, , Vrbo, CNN Allee, Butch Matjeka, ” Matjeka, Kim van Sparrentak, Murray Cox, Cox, Shannon Schott, “ They’re, They’re, ” Schott, Jan Schakowsky, Kyung, ’ Allee, didn’t, Airbnb superhost Peter Madden, Madden, he’d, “ I’m, ” Madden, undressed, Patricia DiCarlo, Matt Lait, Logan Whiteside, Yahya Abou, Ghazala Organizations: CNN, Social, ” CNN, Hyatt Hotels Corporation, Marriott International, Ontario Airbnb, Police, Sheriff’s, European Union, EU, Communications, Facebook, Illinois, Democratic, Airbnb’s San, Attorney, Westbrook Police, Vrbo Locations: Texas, San Francisco, London , Ontario, Ontario, Comfort , Texas, Jay Allee Kendall, Allee’s, California, Kendall, Allee, United States, New York, York, Florida, Airbnb’s, Airbnb’s San Francisco, Chesky, Melbourne, Australia, Maine, Cumberland County
“We demand that our friends in Mother Nature Cambodia, and all political prisoners, be released immediately,” said Fridays for Future, the youth-led global climate strike movement founded by Thunberg, in a statement. “Like what we are seeing with dictators in other countries, Cambodia is becoming more repressed,” said Alejandro Gonzalez-Davidson, a Spaniard who co-founded Mother Nature Cambodia over a decade ago, alongside local Cambodian activists. Environmental activists stage a mock funeral procession in the streets of Phnom Penh. Video footage showed activists Mother Nature Cambodia activists Ly Chandaravuth, Long Kunthea, Thun Ratha, Phuon Keoraksmey and Yim Leanghy surrounded by dozens of armed police officers and dragged away into waiting cars, bound for prisons across the country. “This week, a new generation of Cambodian activists was born – one that did not exist back in 2012,” he said.
Persons: Greta Thunberg, , Thunberg, Mu Sochua, , ” “, ” Mu Sochua, Chantha Lach, Hun Sen –, Hun Manet, Hun Sen, Alejandro Gonzalez, Davidson, Pen Bona, Ole von Uexkuell, Magnus Lejhall, Gonzalez, Valeria Mongelli, , Ly Chandaravuth, Long, Phuon Keoraksmey, Yim, Pilorge, lèse, Thameen Al, Kheetan Organizations: CNN, Nature Cambodia, Reuters, United States Agency for International Development, USAID, Nature, TT, Agency, AFP, Getty, Facebook, Court, Cambodian League, Promotion, Human, Journalists, ” United Nations Human Rights Locations: Cambodia, Nature, Reuters Cambodia, Nature Cambodia, Phnom Penh, Cambodian, Sweden, Stockholm, Sihanoukville, Thun
The prospect of "higher for longer" rates has also made short-term fixed income assets especially attractive. "We had a lot of investors who were in, if not cash, then sub-2-year duration fixed income at the start of the year." Takeaways for investors It doesn't hurt for retail investors to review their fixed income allocation now that the year is halfway over. A combination of fixed income assets may be what it takes to benefit from today's higher rates, lock in yields and capture rising prices once the Fed cuts. "We don't buy that there's one fixed income asset class that you should tilt toward," said Calcagni.
Persons: , Don Calcagni, it's, Shannon Saccocia, Neuberger Berman, Michael Rosen, Rosen, Janus Henderson, Vishal Khanduja, Eaton Vance, Khanduja, Callie Cox Organizations: Federal Reserve, FedWatch, Investment Company Institute, Money, Mercer Advisors, Investors, Municipal, Angeles Investment Advisors, AAA CLOs, Janus Henderson AAA CLO, SEC, Morgan Stanley Investment Management, Bond, Ritholtz Wealth Management, Stay Locations: Santa Monica, Calif
Like the American federal government, Canada's national government doesn't have a lot of control over housing policy. Related storiesOverall, the federal push has already been quite successful in changing the housing policy landscape across the country, Moffat said. Over the last several years, an influx of new immigrants, rampant investor speculation, and rapidly rising construction costs have also sent prices up. It would also impose a fine on cities that tolerate "NIMBY" — the anti-development "Not in My Backyard" philosophy — opposition to housing construction. Some American fans of Canada's Housing Accelerator Fund suggest it could be a model for US efforts to incentivize denser and more abundant housing construction.
Persons: i'm, it's, Mike Moffatt, Moffat, , Justin Trudeau, Trudeau, Matti Siemiatycki, Siemiatycki, there's, densification, Pierre Poilievre, hasn't, Joe Biden's Organizations: Service, Business, Smart Prosperity, University of Ottawa, Housing, Liberal, Infrastructure Institute, University of Toronto's, of Cities, Concordia University, Conservative Party, Investment, Jobs Locations: Canada, Ottawa, British Columbia, Ontario, Alberta, California, United States
UBS executives covering fixed income and equity strategies outlined in a recent note four different scenarios come November: a blue sweep, a Biden presidency with a split Congress, a red sweep, and a Trump presidency with a split Congress. The two overwhelmingly likely outcomes would be a Biden presidency with a divided Congress (40%) and a Trump presidency with a Republican Congress (45%), per UBS. A Biden victory with a divided CongressA Biden presidency will likely usher in increased tax rates and regulatory oversight, UBS said. A Trump presidency combined with a Republican Congress would mean an extension of the current lower marginal tax rates, the bank said. While antitrust regulation will likely ease under Trump, he's hardly a Big Tech supporter: Trump sued Facebook, Google, and Twitter (now X) in 2021.
Persons: , Biden, David Lefkowtiz, Trump's, Tom McLoughlin, UBS's, Lefkowitz, he's, Trump, Leslie Falconio, Goldman Sachs Organizations: Service, UBS, Biden, Trump, Republican Congress, Business, Nvidia, OpenAI, Big Tech, Republican, Republicans, Democrats, Facebook, Google, Twitter, World Gold, Trust
Some states, municipalities and private-sector companies are pushing to make composting as commonplace as recycling. Yet data from the Environmental Protection Agency shows little residential food waste is composted in the U.S. — 3.7% as of an April 2023 report. These include at-home options, curbside bins, drop-off locations and private valet services that pick up food waste from multi-family homes. Thousands of composting facilities neededFranciosi said his organization has been fielding more calls from municipalities that are interested in composting, but funding challenges remain. Another challenge is the dearth of composting facilities.
Persons: Scott Smithline, Jenny Grant, Frank Franciosi, Stacy Savage, Franciosi, Grant, Lauren Organizations: PepsiCo, Environmental Protection Agency, California Department of Resources Recycling, Zero, Local Locations: U.S, Vermont, California, Europe, REA, New York City, Bronx, Manhattan, Brooklyn, Queens, Staten
Nearly four years after Patrick Braxton won the mayoral election for the small town of Newbern, Ala., in November 2020, he could soon get to serve his first term. Mr. Braxton said in a lawsuit that, after he won the election, he never received access to manage the town’s finances, was barred from opening the municipal mailbox and was even locked out of the town hall, after the locks had been changed twice in six months. Finally, on Friday, Newbern and Mr. Braxton filed a settlement agreement that, if approved by Judge Kristi K. DuBose of the Southern District of Alabama, will allow Mr. Braxton to begin his first term — three and a half years after it started. “Every time I turned a corner, there was another obstacle in my way,” Mr. Braxton, a handyman who has long worked as a community volunteer, said in an interview.
Persons: Patrick Braxton, Braxton, Newbern, Judge Kristi K, DuBose, ” Mr Organizations: Southern, Southern District of Locations: Newbern, Ala, Southern District, Southern District of Alabama
Here's where BlackRock sees opportunity in municipal bonds
  + stars: | 2024-06-26 | by ( Michelle Fox | ) www.cnbc.com   time to read: +3 min
Municipal bonds are a great way for investors to grab some tax-advantaged income, they'll just have to be nimble, according to BlackRock. "Municipal bonds offer investors high after-tax income with less volatility compared to other fixed income assets and remain a good diversifier to equity and equity-like risk," Carney said. Where BlackRock sees opportunity Within muni bonds, BlackRock specifically likes focusing on states that primarily rely on consumption taxes. Those states that focused on personal income taxes, like California and New York, experienced much greater declines, he said. Lastly, essential revenue bonds tend to be more durable since they are drawing on revenue.
Persons: they'll, Sean Carney, Carney, BlackRock, munis Organizations: muni, BlackRock, Bond, Reserve, AA Locations: BlackRock, Florida , Nevada , Tennessee, Washington, California, New York
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDelayed rate cuts make munis more compelling: Capital Group's Courtney WolfCourtney Wolf, Capital Group fixed income portfolio manager, joins 'The Exchange' to discuss opportunities in municipal bonds amid Fed rate uncertainties, recent pressures on the senior living sector, and more.
Persons: Group's Courtney Wolf Courtney Wolf Organizations: Capital Group
Joanna Bailey, a family physician and obesity specialist, doesn’t want to tell her patients that they can’t take Wegovy, but she has gotten used to it. Around a quarter of the people she sees in her small clinic in Wyoming County would benefit from the weight-loss medications known as GLP-1s, which also include Ozempic, Zepbound and Mounjaro, she says. The drugs have helped some of them lose 15 to 20 percent of their weight. But most people in the area she serves don’t have insurance that covers the cost, and virtually no one can afford sticker prices of $1,000 to $1,400 a month. “Even my richest patients can’t afford it,” Dr. Bailey said.
Persons: Joanna Bailey, ” Dr, Bailey Organizations: West Virginia —, West Virginia’s Public Employees Insurance Agency Locations: Wyoming, West Virginia
Fixed-income investors may want to consider making a few tweaks to their portfolio as the second half of the year gets underway. But the central bank is expected to start cutting rates in the coming months, perhaps as soon as September. However, many on Wall Street still believe two cuts are likely this year, including Charles Schwab. Jones anticipates better returns for fixed income in the second half but believes volatility will remain high. Investors can have a barbell portfolio with Treasurys on one end and investment-grade bonds and an agency MBS on the other, she suggested.
Persons: Charles Schwab, Kathy Jones, Jones, Sameer Samana Organizations: Federal Reserve, Fed, nab, MBS, JPMorgan, Treasury, Wells, Wells Fargo Investment Institute Locations: Wells Fargo, Samana, munis
New Delhi CNN —Nights are getting uncomfortably and dangerously hotter in India’s capital as people in the world’s most populous nation feel little respite from unrelenting temperatures. Northern India has endured a scorching summer — with one part of the capital of Delhi recording the country’s highest-ever temperature 49.9 degrees Celsius (121.8 degrees Fahrenheit) earlier this month. Bicycle rickshaw driver Sagar Mandal told CNN that he’s been getting fewer passengers because people opt for air-conditioned taxis over open-air transport. Outdoor workers like Nikhil Kumar find no respite as the heat lingers on even at night. Residents fill their containers with water supplied by a municipal tanker in New Delhi on 19 June, 2024.
Persons: Sagar, he’s, , , Nikhil Kumar, Esha Mitra, “ We’ve, Kalyani Saha, hasn’t, ” Saha, Saha, Money Sharma, Ajay Chauhan, Ram Manohar Lohiya, ” Chauhan, Chauhan, “ that’s, Sarita Kumari, ” Kumari Organizations: New, New Delhi CNN, Centre for Science, Environment, Sagar Mandal, CNN, Getty, Ministry of Health, NGO Centre, Health Development India Locations: New Delhi, Northern India, Delhi, United States, Mandal, Australian, Lajpat Nagar, India
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