Author: Money Mechanics

As we have reported, MUNI sales are up ~21% this year compared to last year’s volume. State and local governments have sold $153 billion in new debt in the second quarter, already the largest ever, with just four trading days remaining in the period. The markets have absorbed this paper well; longer-dated paper is still hovering around 5%. However, the 20-year paper seems to be moving down slightly in yield despite this record issuance. A small city in Washington State filed a rare municipal bankruptcy after failing to reach an agreement with a developer over a $26 million court judgment.…

Newly manufactured cars awaiting export at a port in Yokohama, south of Tokyo, Japan, on March 27, 2025.Issei Kato | ReutersU.S. President Donald Trump signed an executive order Thursday stateside to implement a trade deal with Japan, with 15% baseline tariffs on most Japanese goods, including autos.The deal had been reached in July after months of negotiations, with Washington and Tokyo continuing to haggle over details for weeks before it was signed.As part of the deal, Tokyo agreed to invest $550 billion in projects selected by the U.S. government and ramp up its purchase of American agricultural products, such as…

ZDNET’s key takeaways The Coros Nomad is available now in Green, Brown, and Dark Grey for $349.It’s built to withstand the elements with detailed metrics and focused journal utilities for fishing.There is no speaker to playback voice notes, no solar charging, and no LED flashlight to see in the dark. Follow ZDNET: Add us as a preferred source on Google.I’ve had the opportunity to test a lot of smartwatches, but it’s still tough to find one watch that covers all the bases. I find myself always looking to the next one to fill the gaps. With every new model, brands shoot for unique…

Key Takeaways Broadcom shares surged in premarket trading Friday after the chipmaker posted better-than-expected quarterly results, boosted by strong AI demand.The price looks set to break out above a symmetrical triangle, signaling a continuation of the stock’s current uptrend.The measured move technique projects a bullish target of $349. Investors should watch crucial support levels on Broadcom’s chart around $282, $265 and $247. Broadcom (AVGO) shares surged Friday morning after the chipmaker posted quarterly results that topped Wall Street expectations amid booming AI demand. The company announced late Thursday that it generated $15.95 billion in revenue in its fiscal third quarter,…

(Oil Price)– American LNG exports hit a monthly record in August as newly started-up projects gradually ramp up output and shipments, and facilities ended planned maintenance. The August record will be beaten very soon as new export projects are close to launch and the supportive Trump Administration continues to approve proposed plants. Three U.S. LNG projects have taken final investment decision (FID) this year, and more are in the pipeline to do so in the coming months. The case for increased LNG exports remains solid—ample supply from U.S. domestic shale gas production, growing need for U.S. LNG, especially in Europe…

Key Takeaways The U.S. economy lost 13,000 jobs in June, the Bureau of Labor Statistics said Friday, downwardly revising its estimate of a gain of 14,000 jobs. It was the first time since 2020 that the U.S. economy lost jobs.The labor market returned to growth in July but grew far more slowly in August than economists expected.Employers have curtailed hiring as tariffs push up prices and squeeze consumer budgets. For the first time since the pandemic, the U.S. economy had a month of negative job creation.The U.S. economy added 22,000 jobs in August, down from 79,000 in July, the Bureau…

Key Takeaways Lululemon shares plunged Friday after the company lowered its outlook, citing weak sales in the U.S. and the impact of higher tariffs.The athletic apparel retailer’s same-store sales missed estimates on a drop in U.S. demand.With Friday’s drop, Lululemon shares have lost more than half of their value this year.  Lululemon Athletica (LULU) shares plunged Friday, after the athletic apparel retailer lowered its outlook, pointing to sluggish demand and higher tariffs. The stock was down nearly 18% in recent trading, bringing its year-to-date losses over 50%. Lululemon cut its full-year sales forecast to $10.85 billion to $11 billion, down…

Key Takeaways Samsara beat profit and sales forecasts as the “internet of things” platform firm benefited from big customers.The company’s customers with annual recurring revenue of more than $100,000 jumped 31% year-over-year.Samsara raised its full-year earnings and revenue guidance. Shares of Samsara (IOT) surged more than 15% Friday, a day after the “internet of things” platform company reported better-than-expected results and boosted its guidance as its base of big customers grew. Samsara, which provides technology for businesses to track and manage vehicles, equipment, and operations in real time, posted fiscal 2026 second-quarter adjusted earnings per share (EPS) of $0.12, with…

Key Takeaways Docusign shares jumped Friday after the maker of electronic signature software posted strong quarterly results and boosted its outlook.CEO Allan Thygesen called the performance “one of Docusign’s highest growth and profitability quarters in recent years,” thanks in part to its AI offerings.Total customers rose 9% from a year ago, and the number of customers who spent more than $300,000 rose 7%. Docusign (DOCU) shares jumped Friday, after the maker of electronic signature software posted strong quarterly results and boosted its outlook as it added more customers and expanded its artificial intelligence offerings. The company reported second-quarter adjusted earnings…

Key Takeaways Amazon is ending a program called Prime Invitee that allowed Prime members to share their free shipping benefit with someone outside their home.The program will be replaced with Amazon Family, with Prime shipping only able to be shared between a few accounts with the same primary residence.Amazon joins Netflix and Costco, among others, that have made efforts in recent years to encourage people to sign up for their own subscriptions instead of sharing benefits. Amazon is joining the wave of companies pushing consumers to get their own subscriptions and not share benefits, as the online retail giant recently…