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Shrugging off plus-side returns for the week, for the eighth week in a row investors were overall net redeemers of fund assets (including those of conventional funds and ETFs), withdrawing $15.9 billion for Refinitiv Lipper’s fund-flows week ended September 30, 2020. Fund investors were net redeemers of all four asset classes, withdrawing $14.0 billion from
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New York City and New York State, their finances reeling from the effects of COVID-19, were downgraded late Thursday by Moody’s Investors Service. Moody’s dropped city general obligation bonds to Aa2 from Aa1, affecting $38.7 billion of city debt. The new rating will apply to the city’s $900 million fiscal 2021 Serices C issuance coming
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Donald Trump said he and his wife Melania would begin a “quarantine process” after Hope Hicks, one of the US president’s closest advisers, tested positive for coronavirus. “Hope Hicks, who has been working so hard without even taking a small break, has just tested positive for Covid 19. Terrible!” Mr Trump tweeted on Thursday night.
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U.S. House Speaker Nancy Pelosi (D-CA) and Senate Minority Leader Chuck Schumer (D-NY) speak to reporters after their coronavirus relief negotiations with Treasury Secretary Steven Mnuchin and White House Chief of Staff Mark Meadows at the U.S. Capitol in Washington, U.S. August 7, 2020. Jonathan Ernst | Reuters The trading community is actively debating the
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Furloughs and contract adjustments could allow the Metropolitan Opera Association to weather the COVID-19 pandemic without further credit rating hits despite cancelling its 2020-21 season, according to analysts. The 137-year old Manhattan cultural organization became one of the first municipal issuers to incur a virus-related credit downgrade in late March when Moody’s Investors Service lowered
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US personal income dropped by 2.7 per cent in August after the lapse of emergency unemployment benefits for millions of Americans, raising fears that lower consumption could dampen the economic recovery. According to data from the commerce department’s Bureau of Economic Analysis, the drop in income was worth $543.5bn and larger than economists were predicting.
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Written by Nick Ackerman, co-produced by Stanford Chemist The Calamos Strategic Total Return Fund (CSQ) offers investors an attractive blend of convertible exposure and common equity exposure. Equities dominate the largest allocation of the fund’s portfolio, led by the tech sector. Though the allocation to tech isn’t egregiously large overall. In fact, the allocation of
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Call: -Allows you to buy stock -If you have one call that means you are able to buy that stock at your set price -It has to reach the set price on or before your contract’s expiration -If it doesn’t reach the set price, your contract deteriorates in value and you lose your option premium
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