News – Page 1814 – Ranson Financial Group LLC

Prairie Village Police Are Enforcing Stay At Home Orders In City Parks

info2020-03-27T09:19:38-05:00March 27th, 2020|

On Wednesday, the first really gorgeous afternoon of the year, a couple dozen people were playing pickleball at Meadowbrook Park at 91st and Nall. That was until two Prairie Village police officers showed up to tell the players they were violating the emergency order limiting gatherings to no more than ten people. It wasn’t quite a bust but the officers came armed with copies of the emergency order issued by the county health department last Saturday. The officers said while the order is enforceable they were there to “educate” people. One player described the officers as “perfectly nice.” When asked if [...]

Fed will have 10 days to begin municipal bond purchases

info2020-03-27T08:58:05-05:00March 26th, 2020|

The Federal Reserve will have up to 10 days after President Trump signs the $2 trillion Coronavirus emergency relief bill to start voluntary purchases of municipal securities through a new Economic Stabilization Fund. Emily Brock, director of the federal liaison center for the Government Finance Officers Association, said that Federal Reserve officials are hoping to begin muni purchases before the 10 days fully elapse. The House planned to send that legislation to the White House Friday. (Read more: The Bond Buyer)

Municipal bond interest rates plummeted for a second straight day on Fed efforts to combat coronavirus impact

info2020-03-27T08:59:06-05:00March 26th, 2020|

Municipal yields are plummeting for a second straight day, with midday AAA benchmark reads showing declines of 50 to 60 basis points as the market rebounds from the massive coronavirus-led selloff of the last two weeks. The municipal market has navigated massive swings in yields moving up and down over the course of a 12-day period that have become a part of a new dynamic since the coronavirus pandemic hit the U.S. But it appears that the market is accepting the Fed is here to help and buyers are back. The massive stimulus package expected to be signed into law as [...]

Another firm fined for acting simultaneously as the issuer’s financial advisor and underwriter

info2020-03-27T09:11:24-05:00March 26th, 2020|

Ameritas paid $10,000 to settle charges of violating MSRB Rule G-23 on activities of financial advisors. Between Feb. 10, 2018, and Aug. 20, 2018, Ameritas provided underwriting services for an issue with which it had an active “blanket” financial advisory agreement, therefore acting simultaneously as the issuer’s financial advisor and underwriter, FINRA found. In 2011, the MSRB amended its Rule G-23 so that a firm with a financial advisory relationship to an issuance of muni securities cannot act as an underwriter for that same issuance. (Read more: The Bond Buyer)

Hutchinson closes playgrounds

info2020-03-27T09:11:40-05:00March 26th, 2020|

City officials on Thursday ordered all Hutchinson playgrounds be closed to slow the spread of the coronavirus pandemic locally. Plastic and metal are used extensively within the playgrounds and according to the Centers for Disease Control, COVID-19 can live multiple days on those surfaces. Although the playgrounds are closed, parks and trails remain open for outdoor activities and exercise. (Read more: Local - The Hutchinson News)

“Rally Reno” to provide local economic relief

info2020-03-27T09:11:55-05:00March 26th, 2020|

Three local agencies have joined together to launch an online program that enables residents to put dollars in the hands of their favorite retail, service and hospitality businesses, while also helping those affected by layoffs or pay cuts. The Hutchinson Community Foundation, Hutchinson/Reno County Chamber, and United Way of Reno, with the support of unnamed donors, have created “Rally Reno County.” The program operates off the basic premise of “buy local, give local.” (Read more: Local - The Hutchinson News)

With shortage of coronavirus tests, Johnson County might pay private labs to do more

info2020-03-27T09:36:45-05:00March 26th, 2020|

In the face of rapidly rising coronavirus cases in Johnson County and a clampdown on who can get tested, officials on Thursday called for more funds to pay private labs to step up testing. “Yesterday we spoke with four different labs that are able to carry this out,” said Sanmi Areola, who started this week as director of the Johnson County Department of Public Health and Environment. “The opportunity to do the testing is there, but we do need the resources to be able to implement it.” The number of confirmed cases of the new coronavirus in Johnson County increased by [...]

Short-Term Treasury Yields Go Negative in Scramble for Cash

info2020-03-26T09:11:35-05:00March 26th, 2020|

Yields on the safest, short-term Treasurys settled into negative territory for the first time in more than four years, as investors continued clamoring for cash and safe dollar assets even as some markets showed signs of normalization. The one-month Treasury bill yield closed at minus 0.041% Wednesday and the three-month ended at minus 0.046%, the first time they have closed the day below 0% since late 2015, according to Tradeweb. Yields remained in negative territory early Thursday with the yield on the three-month Treasury at minus 0.028%. (Read more: WSJ.com: Markets)

64,000 newly out of work in Missouri, Kansas as coronavirus shuts down U.S. economy

info2020-03-26T09:10:24-05:00March 26th, 2020|

Nearly 65,000 people in Missouri and Kansas filed unemployment claims last week as the coronavirus shut down many parts of the U.S. economy. Federal data released Thursday shows that 40,508 Missourians filed initial unemployment claims for the week ending March 21. That’s up from 4,016 the previous week — an increase of more than 900%. In Kansas, 23,687 workers filed new unemployment claims last week. That’s a spike of 1,250% over the 1,755 Kansans who filed claims the week prior. Across the country, the seasonally adjusted number of initial unemployment claims filed last week increased to nearly 3.3 million, an increase [...]

Wichitans use 3D printers to make face shields for first responders and health officials

info2020-03-26T09:08:38-05:00March 26th, 2020|

First responders and health officials are on the front lines of the coronavirus pandemic. They are battling more than the virus, but also a shortage of protective gear. “They are in need of face shields and part of the way you can do that immediately is with 3D printing,” said Nathan Smith, WSU Project Innovation Hub Manager. Wichita Police Department, Sgt. Teddy Wisely is teaming up with other community members to use 3D printers to make personal protective equipment. “Our goal is to produce this equipment, donate it, and help slow the spread of the virus,” said Sgt. Wisely. (Read more: [...]