logo
Muni Market Poised for ‘Space Bonds' With New Senate Tax Bill

Muni Market Poised for ‘Space Bonds' With New Senate Tax Bill

Bloomberg01-07-2025
The municipal-bond market is poised to go to infinity — and beyond — with a new financing tool included in President Donald Trump's tax and spending bill that passed the Senate Tuesday.
The legislation includes a provision that would let spaceports sell tax-exempt bonds similar to airports. The bill now goes to the House.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

On Holding AG (ONON): I'm Double Minded About The Stock, Says Jim Cramer
On Holding AG (ONON): I'm Double Minded About The Stock, Says Jim Cramer

Yahoo

time16 minutes ago

  • Yahoo

On Holding AG (ONON): I'm Double Minded About The Stock, Says Jim Cramer

We recently published . On Holding AG (NYSE:ONON) is one of the stocks Jim Cramer recently discussed. On Holding AG (NYSE:ONON) is an athletic apparel retailer whose stock has lost 18% year-to-date on the back of investor concerns about the broader retail industry. The shares dipped by 8% last week after Tapestry warned that it expected tariffs to hit its profits. Cramer discussed the movement in On Holding AG (NYSE:ONON)'s shares and warned that he might have been too bullish about the firm previously. Here is what he said: 'A lot of the apparel stocks are down off of Tapestry. I've got to tell you, I mean Ralph Lauren is too. But the one that I've been watching is On Holding. I thought On Holding had a good quarter. I've been either disabused of that notion or perhaps I've been too bullish about these guys. If ONON is not doing as well, then you have to start thinking about Nike again. ' Mbuso Sydwell Nkosi/ Here are his previous comments about On Holding AG (NYSE:ONON): 'One of my favorite companies is On Holding. Now it has been stuck in a holding pattern. They reported very good numbers today, the stock was initially up seven, now it's down. There's a substantial short position, the shorts have been winning in this battle. I think Roger Federer in the end wins. But it is a very contested group.' While we acknowledge the potential of ONON as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.

Laura Coates Uses Trump's Own Words to Shatter ‘Woke' Smithsonian Claims: ‘Couldn't Have Said It Better Myself, Mr. President'
Laura Coates Uses Trump's Own Words to Shatter ‘Woke' Smithsonian Claims: ‘Couldn't Have Said It Better Myself, Mr. President'

Yahoo

time16 minutes ago

  • Yahoo

Laura Coates Uses Trump's Own Words to Shatter ‘Woke' Smithsonian Claims: ‘Couldn't Have Said It Better Myself, Mr. President'

In 2017, Trump called the Smithsonian's National Museum of African American History and Culture a "beautiful tribute to so many American heroes" CNN's Laura Coates took issue Tuesday night with President Donald Trump's repeated claims that the Smithsonian Institute has gone 'out of control' with woke content and used some of his own words from 2017 to prove him wrong. Trump took to Truth Social Tuesday to announce that he has instructed his attorneys to review the Smithsonian's museums. More from TheWrap Laura Coates Uses Trump's Own Words to Shatter 'Woke' Smithsonian Claims: 'Couldn't Have Said It Better Myself, Mr. President' | Video Trump's White House Lashes Out at Rosie O'Donnell Again in Response to Mark Hamill's Near Emigration 'Morning Joe' Warns Rep. Elise Stefanik's Home District Boos Are a 'Terrible Sign' for Republicans | Video Shonda Rhimes Says Self-Censorship Is Palpable as Networks Cower to Trump 'The Smithsonian is OUT OF CONTROL, where everything discussed is how horrible our Country is, how bad Slavery was, and how unaccomplished the downtrodden have been,' Trump wrote. 'This Country cannot be WOKE, because WOKE IS BROKE.' Among the museums that Trump has targeted is the Smithsonian's National Museum of African American History and Culture, which Coates was quick to point out Tuesday. The CNN anchor was also quick to note that, contrary to his recent claims, Trump had nothing but good things to say about the museum in question after he toured it in 2017. To prove her point, Coates played a clip of the speech Trump gave following his visit. 'This museum is a beautiful tribute to so many American heroes. It's amazing to see,' Trump said at the time. 'We did a pretty comprehensive tour, but not comprehensive enough. So, [Smithsonian Secretary] Lonnie [Bunch III] I'll be back. I told you that. Because I could stay here for a lot longer, believe me. It's really incredible. This tour was a meaningful reminder of why we have to fight bigotry, intolerance, and hatred in all of its very ugly forms.' You can watch the clip yourself in the video below. For her part, Coates took particular issue with Trump's insistence that the museums his administration is reviewing focus only on suffering and oppression. 'Yes, it goes into the unvarnished truth of slavery in America, the brutal reality that millions endured and the impact that's still felt today,' Coates acknowledge about the National Museum of African American History and Culture. 'But the museum, if you actually go to it rather than just talk about it and see it on paper from a Truth Social post, it doesn't only focus on suffering. It is about resilience and achievement and celebration. Umbrella? History.' The CNN anchor noted that the museum highlights the achievements of Black icons like Muhammad Ali, Louis Armstrong, Jim Brown, Gabby Douglas and Carl Lewis. 'If that's woke, then maybe woke just means telling the whole story because every exhibition that I've just mentioned showcases exactly what Trump says that he wants: success, brightness, a look toward the future,' Coates argued. Responding to Trump's 2017 remark that the museum is a 'reminder of why we have to fight bigotry, intolerance, and hatred in all of its very ugly forms,' Coates concluded, '[I] couldn't have said it better myself, Mr. President.' The post Laura Coates Uses Trump's Own Words to Shatter 'Woke' Smithsonian Claims: 'Couldn't Have Said It Better Myself, Mr. President' | Video appeared first on TheWrap.

Tech Stocks Are Under Pressure. Why Some Wall Street Analysts Say That May Not Last
Tech Stocks Are Under Pressure. Why Some Wall Street Analysts Say That May Not Last

Yahoo

time16 minutes ago

  • Yahoo

Tech Stocks Are Under Pressure. Why Some Wall Street Analysts Say That May Not Last

Tech stocks are having a rough day, extending their recent slump amid a sector rotation away from big tech leaders. The Nasdaq lost close to 1% in recent trading, and the S&P 500 slid 0.4% as tech sector losses weighed on the indexes. The Dow Jones Industrial Average was little changed as retail and consumer defensive names gained, while Amazon (AMZN), Apple (AAPL), and Nvidia (NVDA) ranked among its weakest performers as all of the "Magnificent Seven" stocks declined. Caution ahead of a speech from Federal Reserve Chair Jerome Powell on Friday, uncertainty about policy changes from the Trump administration, and worries about returns from AI spending have all added to pressures on the sector. However, some Wall Street analysts said they don't expect that to last long. "While some near-term tech volatility is not surprising given the run-up in valuations, we advise investors against becoming overly defensive," UBS said Wednesday. "While we think some caution may be warranted in the more cyclical parts of tech, we remain confident in the broader AI sector's long-term growth and resilience. We recommend investors seek balanced exposure across the AI value chain (infrastructure, semis, and applications), with a preference for laggards offering a more attractive risk-reward balance," UBS said. "We view tech sell-offs like yesterday as opportunities," bullish analysts at Wedbush told clients in a note Wednesday, suggesting the slump could be short-lived, and pointed to earnings from AI chipmaker Nvidia next week as a potential positive catalyst. "When Nvidia reports earnings next week on August 27th the tech world and Wall Street will be listening closely," they said, adding that they believe the "tech bull cycle will be well intact at least for another 2-3 years given the trillions being spent on AI." Read the original article on Investopedia Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store