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RiverNorthPhotography/iStock Unreleased via Getty Images T. Rowe Price Group’s (NASDAQ:TROW) first federally tax-free municipal bond exchange-traded fund, the Intermediate Municipal Income ETF (TAXE), started trading Wednesday on the Nasdaq The new fund’s strategy focuses on investment-grade intermediate-term municipal bonds with a weighted average effective maturity of four to 12 years.Continue Reading

Shahid Jamil/iStock Editorial via Getty Images Apple (NASDAQ:AAPL) shares ticked up fractionally in premarket trading on Wednesday as investment firm Needham raised its price target, noting that the company is spending its capital on share buybacks instead of generative artificial intelligence infrastructure. Needham analyst Laura Martin raised her price targetContinue Reading