Asian currencies experienced a downturn on Tuesday as market participants awaited a Federal Reserve meeting later in the week. The sentiment remained largely in favor of the US dollar, leading to a decline in most regional currencies. The Japanese yen, in particular, saw a slight drop after a recent rebound that was suspected to be
admin
Shreveport, Louisiana, recently saw a significant victory as voters approved $256 million of general obligation bonds to invest in critical infrastructure projects. This approval includes $125 million for streets and drainage, $82 million for water and sewer, and $49 million for police and fire infrastructure. Overwhelming Support from the Community The citizens of Shreveport showed
In a recent development, a federal judge in New Jersey has issued a ruling rejecting the legal challenges made by Johnson & Johnson and Bristol Myers Squibb against the Biden administration’s Medicare drug price negotiations. This decision marks a significant win for the Biden administration in its efforts to make medications more affordable for seniors.
Peacock, the streaming service owned by Comcast, has announced an upcoming price increase for its subscription plans. The ad-supported option will see a $2 rise to $7.99 a month, while the ad-free offering will also increase by the same amount to $13.99 per month. Additionally, the annual prices for these plans will be $79.99 and
Tribal governments have long been at a disadvantage when it comes to accessing tax-exempt bonds compared to state and local governments. The essential government function test, also known as Section 7871, has been a major barrier preventing tribes from issuing tax-exempt bonds for a wide range of projects. This limitation puts tribes at a significant
The current average 30-year, fixed-rate mortgage has risen to 7.17% as of the week ended April 25, according to Freddie Mac data reported by the Federal Reserve. This represents a slight increase from the previous week’s rate of 7.10%. With the uncertainty surrounding future rate cuts by the Federal Reserve, potential home buyers and sellers
With the Federal Reserve contemplating a decrease in interest rates, investors are facing a changing landscape in the financial markets. The conventional wisdom is that lower interest rates may make fixed income assets less appealing, leading investors to seek alternative sources of income. In this context, dividend-paying stocks are emerging as a potential income stream
The recent whirlwind earnings week has left traders navigating through a sea of big moves in the market. With companies experiencing both positive and negative earnings surprises, the impact on stock prices has been fluctuating. On average, stocks of companies with negative earnings surprises have seen a decline of 2.5%, slightly higher than the typical
In a move reminiscent of a high-stakes drama on “Succession,” Paramount Global is gearing up to oust CEO Bob Bakish in a strategic maneuver set to reshape the company’s future. This pivotal decision is set to take place on Monday, just before the company announces its earnings post-market close. The objective behind this dramatic move
Despite recent reports suggesting a scaling back of Saudi Arabia’s $1.5 trillion NEOM megaproject, Economy Minister Faisal Al Ibrahim has adamantly stated that all projects are moving full steam ahead. The futuristic desert development on the Red Sea coast, hailed as unprecedented, is still on track to deliver something groundbreaking. Reports surfaced in early April