The House Committee on Transportation and Infrastructure is now grappling with the issue of how much the federal government should contribute to the reconstruction of the Francis Scott Key Bridge, originally financed by bonds. Following the collapse of the bridge due to a collision with a container vessel, President Biden expressed his intention for the
admin
There has been a growing trend among state and local governments to redeem or refund their Build America Bonds (BABs) in light of current interest rate fluctuations. This trend has raised questions regarding the legality of such actions, particularly as issuers navigate the complex landscape of subsidy payments and budget restrictions. BABs, which were introduced
Interactive Brokers (Nasdaq: NASDAQ:IBKR) has made a major announcement by introducing cryptocurrency trading in the United Kingdom through its platform. This move opens up new opportunities for individual and institutional investors alike to diversify their portfolios and explore the world of digital assets. With the addition of crypto assets such as Bitcoin, Ethereum, Litecoin, and
Despite a recent drop in mortgage rates to their lowest level since April, buyers are still facing challenges in affording today’s housing market. This struggle is evident in the stagnant pace of mortgage demand, which only increased by 0.5% from the previous week according to the Mortgage Bankers Association’s index. The average contract interest rate
In the recent trading session, most Asian currencies have shown a slight uptick against a weakening dollar. This movement comes as markets eagerly anticipate the release of key U.S. inflation data later in the day. The confidence in the Federal Reserve not hiking interest rates further in 2024, as indicated by Chair Jerome Powell’s comments,
The recent surge in AMC Entertainment’s stock price, driven by the return of “Roaring Kitty” aka Keith Gill, has sparked speculation about the company’s ability to capitalize on the momentum and potentially improve its financial situation. This resurgence comes on the heels of the massive short squeeze of 2021, which saw AMC shares more than
The average down payment for home purchases has increased to 13.6% in the first quarter of 2024, according to data from Realtor.com. Despite this uptick, it is still far below the perceived standard of 20% that many people associate with buying a home. The median down payment amount was reported at $26,000, indicating that buyers
The Colorado Legislature recently wrapped up its session after achieving significant milestones in various areas. The session saw the passing of a fiscal 2025 budget, changes in school funding, a property tax cut, and measures targeted at advancing multi-billion-dollar passenger rail projects and a bond-financed purchase of a historic hotel. Senate President Steve Fenberg described
Jefferies recently upgraded Boston Beer, the company behind famous brands like Samuel Adams and Truly hard seltzer. Analyst Kaumil Gajrawala believes that Boston Beer could see a significant expansion in multiples, particularly in categories such as flavored malt beverages and ready-to-drink cocktails. Gajrawala mentioned that sales in these categories could grow by 4% to 5%,
The U.S. dollar remained relatively stable on Tuesday, as traders awaited the release of crucial inflation data that could influence the trajectory of interest rates. The Dollar Index, which measures the dollar against a basket of other major currencies, inched up by 0.1% to 105.250 during early trading hours. Market participants are eagerly anticipating the