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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
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Vice President Kamala Harris has been a vocal advocate for affordable housing throughout her career. From her time as California’s attorney general to her tenure as a senator, Harris has championed various policies aimed at protecting homeowners and renters from unfair practices and increasing access to affordable housing options. One of her notable achievements includes
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Investors are showing a positive sentiment towards the Singapore dollar, marking a shift from previous bearish bets. Long positions on the Singapore dollar have reached their highest levels since early April 2023, indicating growing confidence in the local currency. This shift is attributed to the city-state’s strong growth and inflation dynamics, which continue to support
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The recent tech sell-off witnessed in the market has sent shockwaves through the industry, with hedge fund manager Dan Niles sounding the alarm on the future of the tech trade. Niles, the founder of Niles Investment Management, expressed his concern over the market’s response to Google parent Alphabet’s quarterly results, citing it as a wake-up
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Ford Motor’s second-quarter earnings fell short of Wall Street’s expectations, causing the company’s stock to plummet by 11% after markets closed. Despite beating revenue forecasts, the automaker’s earnings per share were just 47 cents, significantly lower than the expected 68 cents. This underperformance was attributed to skyrocketing warranty costs that have been a persistent issue
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Alphabet investors were taken by surprise as the search giant topped second-quarter earnings expectations, only to see its shares fall about 5% due to lower-than-expected YouTube advertising revenue. This change in revenue dynamics has prompted the company to highlight plans to boost capital expenditures, particularly in the realm of artificial intelligence (AI). Chief Financial Officer
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