United Airlines recently announced a decrease in its aircraft-delivery expectations for the year due to delays from Boeing. The airline had initially anticipated receiving 101 new narrow-body planes, but has now adjusted that number to 61. This decision comes as a result of the challenges posed by Boeing’s safety crisis, which has impacted the manufacturer’s
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Mary Ellen Stanek, the co-chief investment officer at Baird Advisors, emphasizes the importance of maintaining a high batting average rather than focusing on hitting home runs in the fixed income market. Stanek’s philosophy revolves around consistency and avoiding high-risk strategies that may lead to significant losses. Instead of aiming for extraordinary gains, she prioritizes a
During a recent Senate Finance Committee hearing, IRS Commissioner Danny Werfel defended the agency’s need for increased funding. Werfel requested an extension of IRA funding through fiscal 2034, arguing that it would generate additional revenue for the government. He highlighted the positive impact of the Inflation Reduction Act funding on the IRS’s operations, leading to
In a significant development, several spot Bitcoin and Ethereum exchange-traded fund (ETF) applications have received official approval from the Hong Kong Securities and Futures Commission. The approved issuers include HashKey, Bosera Capital, and China Asset Management. This move was anticipated after Bloomberg reported last week that these products were likely to receive approval on April
The Nvidia-led tech rally has been on a bullish run for months, but signs are starting to show that it may be losing steam. A bearish engulfing candle appeared on March 8th, signaling a potential shift in direction in the chip sector, as seen in the iShares Semiconductor ETF (SOXX) chart. This trend is reflected
Asian currencies experienced a weakening trend on Tuesday as the dollar soared to over five-month highs. This rise in the dollar was fueled by escalating geopolitical tensions between Iran and Israel, as well as increasing expectations of higher U.S. interest rates. Despite stronger-than-expected Chinese gross domestic product (GDP) data, which initially sparked some optimism towards
The Pennsylvania Department of Transportation has set a deadline of the end of April for the private sector to submit unsolicited proposals for transportation projects. The Office of Public-Private Partnerships at PennDOT is known for being one of the most active P3 state DOT agencies in the country, accepting bids twice a year in April
San Diego Mayor Todd Gloria recently unveiled a $5.65 billion proposed budget for the city, which includes borrowing and other short-term fixes to address a structural deficit. The budget plan focuses on increasing spending on homeless prevention programs, infrastructure projects, and critical services, while cutting non-personnel expenses and diverting funds from special accounts. However, the
Bitcoin analyst Willy Woo has made a bold prediction regarding the future of Bitcoin, suggesting that once ETFs have completed their role, Bitcoin will outperform the gold market cap. This forecast comes as recently launched Bitcoin ETFs have brought new attention to the cryptocurrency market. Woo anticipates BTC price targets of $91,000 at the bear
The recent selloff in the major averages has raised concerns among investors, as the S & P 500 dropped over 1% on Monday afternoon. The increase in the CBOE Volatility Index, known as the market’s fear gauge, indicates a heightened level of uncertainty in the market. Several factors, including the escalating conflict in the Middle