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Monthly Archives: July 2016

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Oracle’s $14 Billion Corporate Bond Offering Is Big, But These 5 Deals Were Bigger

Oracle Corporation ORCL announced a massive $14 billion corporate bond sale this week. The company plans on using the proceeds for stock repurchases, dividend payments, debt refinancing and other budget items.

July 7, 2016 in Market News.

Mortgage Rates Plunge To 3-Year Low Following Brexit Vote

While it may take years to determine just how much the U.K.’s Brexit vote will impact global economies around the world, the Brexit has already had a meaningful impact on one major U.S. market: housing.

July 7, 2016 in Market News.

Casino Stocks In Focus As Vegas Strip Gaming Win Down Nearly 12%

With revenue in the world’s largest gaming destination — Macau, China — still depressed, casino investors are looking to the state of Nevada for some much-needed revenue growth this year.

July 7, 2016 in Market News.

Citi Doesn’t See Bitcoin Disrupting Trusted Names Like Visa, Mastercard

Digital currency bitcoin has come out of nowhere in the past several years and has reached the point where it served as a safety play for many currency traders during the aftermath of the Brexit vote. The bitcoin blockchain now has a market cap of roughly $10 billion, but how much of a disruptive force…

July 7, 2016 in Market News.

Jobless Claims Numbers Have Remained Below 300,000 For 69 Weeks Straight

The U.S. Labor Department reported weekly jobless claim applications have risen by 10,000 to a seasonally-adjusted 268,000. The latest number is mostly in-line with the four-week average of 267,000 and marks the 69th consecutive week that jobless claims have come in below 300,000.

July 7, 2016 in Market News.

Even In A Low-Yield Environment, Municipal Bonds May Nudge Out Other Taxable Assets

Despite record-low yields and growing concerns about the health of many U.S. local governments, Citi analyst Vikram Rai believes investors should still be buying municipal bonds. According to Rai, the situation is far from ideal, but municipal bonds offer advantages over other fixed-income investments that make them worthwhile.

July 7, 2016 in Market News.

Cord Cutting May Not Be Hurting Traditional Media As Much As You Think

There’s no question that the rise of connected devices has completely changed media consumption. However, according to Citi analyst Mark May, smartphones and other digital media devices may not be taking as much share from traditional TV as many think.

July 7, 2016 in Market News.

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