Recent movements in Asian currencies have shown a mixed picture, with most currencies firming up against the dollar. However, the New Zealand dollar stood out with steep losses after the Reserve Bank of New Zealand unexpectedly cut interest rates. This move caught markets by surprise and highlighted the challenges central banks face in navigating economic
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Dallas Fort Worth International Airport is preparing to enter the municipal bond market with a $750 million deal after receiving a rating upgrade from S&P Global Ratings. The airport’s rating was increased to AA-minus from A-plus, indicating its strong enplanements, history of financial resiliency, and stable debt service coverage. This upgrade reflects the airport’s improved
The latest data from CoreLogic reveals that homeowners in the United States are collectively sitting on a whopping $17 trillion in equity as of the end of the first quarter of 2024. This significant increase in homeowners’ equity represents a growth of $28,000 on average per homeowner compared to the previous year. While this substantial
The Chief Financial Officer of Home Depot, Richard McPhail, mentioned in an interview with CNBC that homeowners have been delaying moving into new houses or starting major projects due to higher interest rates. The anticipation of a potential interest rate cut has further intensified this waiting game. Homeowners are being advised to wait for lower
Brian Niccol’s appointment as the new CEO and Chairman of Starbucks has generated a lot of buzz on Wall Street, with investors hopeful that he will bring fresh perspective and drive growth for the company. His hiring marks a significant shift from the Howard Schultz era and signals a new direction for the coffee giant.
The crypto markets have once again shown lackluster performance this week, with risk sentiment remaining vulnerable as investors wait for the release of the U.S. inflation report for July. In the midst of this uncertainty, Polkadot price has taken a hit, falling approximately 3% in the past 24 hours to $4.45. Despite this recent drop,
Bybit, the second-largest cryptocurrency exchange in the world by trading volume, recently announced the implementation of a comprehensive listing and delisting framework. This framework is designed to enhance user protection, uphold market integrity, and promote the overall health of the blockchain ecosystem. This move comes as Bybit’s spot market share rises above 20%, solidifying its
In recent days, Bitcoin prices have experienced some fluctuations due to various factors in the market. While there was a slight rise in Bitcoin prices on Tuesday, following a weekend rout, the overall sentiment remained cautious as traders awaited key U.S. economic indicators. Data on capital flows revealed that bargain buying attracted traders to crypto
The village of Dolton, a suburb of Chicago, has been facing significant financial challenges since 2021, with a negative $3.65 million balance in its general fund as of May. Despite statutory requirements to submit audited financial reports, Dolton has failed to do so. The absence of a city treasurer and the vacancy of the finance
Citi Research, a prominent financial institution, has recently taken a more pessimistic stance on risk investments. They are advising investors to sell any EUR/USD rallies in the current market environment. This shift in sentiment comes at a time when the EUR/USD pair is trading slightly higher at $1.0926, after experiencing a small decline of 0.3%