Governor Gavin Newsom of California recently issued an executive order instructing state agencies to adopt policies to clear homeless camps on state properties. This move comes after the U.S. Supreme Court’s Grants Pass decision, which overturned a Ninth Circuit Court of Appeals ruling that limited the ability of states and cities to clear homeless encampments
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The recent profit-taking in the Nasdaq-100 has been a cause for concern among investors, leading many to reduce their exposure to the “Mag 7.” This move has sparked concerns about further unwinding in the Nasdaq-100, which is closely tracked by the Invesco QQQ Trust ETF. The aftermath of the earnings reports from the “Magnificent Seven”
In a positive development for stakeholders, Bristol Myers Squibb reported second-quarter earnings and revenue that surpassed expectations, leading to a nearly 5% increase in its stock price during premarket trading. The pharmaceutical giant raised its full-year revenue forecast to an increase in the “upper end” of the low single-digit range, a significant improvement from its
Living in a major city in Asia can be quite expensive, especially in cities like Hong Kong and Singapore. According to Numbeo, the monthly rent for a city-center apartment in Shanghai can cost around $2,700. However, the costs can be even higher in financial hubs like Hong Kong and Singapore. Singapore and Hong Kong are
The release of key inflation data has always been a significant event in global currency markets. On Friday, the U.S. dollar steadied in early European trade, while the euro edged higher, and the Japanese yen slipped slightly but remained strong. This balance in the currency market was influenced by various factors such as economic indicators,
Cryptocurrency stocks experienced a significant surge in premarket trading, following the strong gains in Bitcoin (BTC). The world’s largest crypto asset saw an increase of more than 4.7% in the past 24 hours, reaching a trading price of $67,346.0 at 09:49 GMT. This upswing helped BTC recover some of the losses it had incurred earlier
The Asian currencies have been showing a lack of significant movement in the market, particularly with the Chinese yuan experiencing erratic swings due to suspected intervention by the People’s Bank. This lack of movement in most regional currencies can be attributed to weak risk appetite among traders, resulting in them favoring the Japanese yen as
The price of Bitcoin saw a 4.2% increase in the past 24 hours, reaching $67,006.2 by 02:07 ET (06:07 GMT). This rebound comes after hitting lows of around $63,000 earlier in the week. The cryptocurrency was affected by selling pressure in global financial markets, leading to a risk-off trend that particularly impacted the highly speculative
The Federal Deposit Insurance Agency board is set to vote on a notice of proposed rulemaking this Tuesday, addressing the Financial Data Transparency Act (FDTA). This controversial new legislation, signed into law on Dec. 23, 2022, aims to convert municipal securities disclosures into a machine-readable format. The implications of this move have been a topic
In the world of municipal bonds, two seasoned professionals have decided to take a leap of faith and venture out on their own. Charlie Visconsi and Ron Van Den Handel, both veterans in the municipal bond industry, have recently left Preston Hollow Community Capital to establish their own firm – V2 Municipal Capital. This new