Bitcoin has once again captured the spotlight as its price climbed past the $68,000 threshold for the first time since late July 2023. This surge has not only reinvigorated discussions among investors but has also prompted statements from notable figures in the cryptocurrency space. For instance, Michael Saylor, chairman of MicroStrategy, expressed his excitement in
In the midst of a relentless housing affordability crisis, advocates are increasingly vocal about the need for legislative action to support the construction and preservation of affordable housing units across the United States. Specifically, the House Committee on Ways and Means is being urged to prioritize the expansion of Private Activity Bonds (PABs) as a
Private credit has been gaining traction over recent years and presents an intriguing option for investors seeking alternative assets. As outlined in a recent report by Nuveen, this growth is fueled by robust investor interest and a rising demand for private debt solutions. Saira Malik, Nuveen’s chief investment officer, highlights that the current run in
As the United States approaches its presidential election, the US dollar is experiencing a significant uptick in value. Analysts at UBS have highlighted this trend, attributing it primarily to the increasing likelihood of a Republican victory, particularly that of Donald Trump. Recent polling data suggests a more favorable outlook for Trump, triggering market reactions that
The world of investments is constantly in flux, and the attention investors pay to earnings estimates can significantly impact their portfolios. As third-quarter earnings season approaches, the weight of expectations is heavy, and Wall Street is bracing for potential disappointments. Recent trends indicate a contraction in growth estimates that has compelled investors to be vigilant,
In currency markets, the U.S. dollar showed signs of weakness on Tuesday, pulling back from a recent peak that marked a two-month high. The Dollar Index, which gauges the performance of the greenback against a selection of six major currencies, remained relatively stable, showing little movement at 102.915. This slight retreat comes after a month
In recent days, Bitcoin has captured attention with a notable price ascent, igniting discussions among analysts about the potential for a significant breakout. Currently valued approximately at $66,883, the cryptocurrency has shown an increase of 1.57% in the last 24 hours, igniting optimism for a new all-time high. Renowned analyst Michaël van de Poppe remarked
As the Federal Reserve embarks on a rate-cutting spree, investors are facing a challenging landscape that requires reassessment of traditional cash holdings. With money market fund yields taking a downturn and a staggering amount of cash sitting idle in the market, it’s imperative to explore alternative investment options to safeguard and potentially grow capital during
United Airlines recently announced robust earnings for the third quarter of 2023, surpassing analysts’ expectations and solidifying its position in a highly competitive industry. The airline reported an adjusted earnings per share (EPS) of $3.33, exceeding the anticipated $3.17, and total revenue of $14.84 billion, slightly above projections of $14.78 billion. These results highlight United’s
The financial landscape for state and local government issuers is poised for a transformative shift with S&P Global Ratings’ recent update to its rating methodology. This change, which impacted over 400 government issuers just this month, aims to instill greater consistency and clarity in how credit ratings are assessed across various tiers of government. This