The municipal bond market is experiencing an unprecedented surge, raising the anticipation that this upward trajectory will persist beyond the upcoming November elections. At a recent infrastructure conference hosted by The Bond Buyer in Philadelphia, industry experts reiterated the dynamic climate surrounding municipal bond issuance in 2023, highlighting an exceptional year characterized by a historical
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As our world grapples with the unrelenting effects of climate change and increasing economic challenges, the role of state and local governments in building resilient infrastructure has never been more crucial. With the federal deficit hitting unprecedented levels, these smaller governmental entities are being called to action to finance essential infrastructure projects. This shift represents
The landscape of the U.S. residential real estate market is continuously evolving, presenting both challenges and opportunities for prospective buyers and sellers. The latest data from the National Association of Realtors (NAR) reflects a notable downturn in sales of previously owned homes, indicating a 2.5% decline in August from July, resulting in a seasonally adjusted
Darden Restaurants, a major player in the American dining sector, recently disclosed its quarterly earnings, revealing results that fell short of Wall Street’s expectations. Though the company’s various dining establishments, notably Olive Garden and its upscale offerings, have faced headwinds, the leadership remains optimistic about its long-term strategy. This article dissects Darden’s latest quarterly performance
In the ever-evolving world of finance and investment, market analysts play a pivotal role in guiding both institutional and retail investors. Their assessments, often encapsulated in buy, sell, or hold ratings, can significantly influence stock prices and broader market trends. Let’s explore some notable updates from analysts this week, focusing on strategic recommendations that illuminate
The financial landscape is often influenced by central banking decisions, and recent actions taken by the Federal Reserve serve as a prime example. On Thursday, the Fed announced a significant interest rate cut, triggering a short-lived rally in the cryptocurrency market, particularly Bitcoin. While the price surged by 2.9% to around $61,198.5, reaching peaks of
The foreign exchange market has recently been a tempestuous arena, most notably highlighted by the recent movements of the U.S. dollar. Following a substantial interest rate cut by the Federal Reserve, the dollar experienced a modest bounce back from a more than one-year low. As of early Thursday, the Dollar Index had increased by 0.1%,
The Women’s National Basketball Association (WNBA) is set to embark on a significant new journey as it announces the establishment of its 15th franchise in Portland. This strategic move marks the third addition to the league during its ongoing expansion phase, signaling a robust commitment to enhancing the profile of women’s sports. As the league
The recent announcement by former President Donald Trump regarding his support for lifting the cap on the State and Local Tax (SALT) deduction has sparked a renewed debate on tax equity, economic policy, and the implications for homeowners in high-tax states. The cap was established as part of the Tax Cuts and Jobs Act (TCJA)
Gold prices are exhibiting remarkable strength, reaching unprecedented levels amid a perfect storm of inflation fears, escalating geopolitical tensions, and shifts in monetary policy. As investors grapple with the implications of these global dynamics, the upcoming Federal Reserve announcement is poised to send shockwaves across financial markets. Scheduled for Wednesday at 2 p.m. ET, the