In a critical time for North Carolina’s local governance, State Treasurer Brad Briner has appointed Jeff Poley as the interim director of the State and Local Government Finance Division. Frankly, under Poley’s temporary stewardship, the division stands at the threshold of an exciting shift. While it’s evident that Poley does not seek a permanent role,
Recent years have seen a monumental shift in the narrative surrounding America’s infrastructure, with government funds pouring into necessary upgrades and repairs. The American Society of Civil Engineers (ASCE) has released its latest report card, revealing that for the first time, America boasts an overall GPA of “C.” This improvement is no small feat, as
In a striking announcement poised to shift the landscape of U.S. manufacturing, Hyundai is set to invest $20 billion into onshoring operations, including a $5 billion steel plant in Louisiana. This ambitious venture is designed to secure jobs for around 1,500 Americans, but it raises crucial questions about the sustainability of such initiatives in an
In the world of investment, few companies epitomize volatility like Boeing. Recently, the aerospace giant experienced a notable uptick, climbing 10% following a lucrative contract win with the Pentagon. The excitement momentarily masked deeper issues that linger below the surface. Oppenheimer’s Ari Wald, a prominent figure in technical analysis, has raised an eyebrow over the
The allure of short-term rentals has captured the imagination of aspiring entrepreneurs across the globe, particularly in Asia, where lucrative opportunities abound. New data from AirDNA has unveiled that Hakuba, Japan, leads the pack with an astonishing average annual revenue of over $61,000, igniting a surge of interest in property investments in this snowy enclave.
Municipal bonds have hit a turbulent patch this week, as they face headwinds from rising United States Treasury yields. This week, municipal bond yields exhibited a mixed performance, with the ratios against Treasuries indicating a striking disparity. The two-year municipal to UST ratio was recorded at about 66%, signaling a notable gap from traditionally stable
Home Depot, one of America’s leading home improvement retailers, is currently navigating a turbulent economic atmosphere marked by shifting consumer sentiment and big-ticket spending challenges. Recently, analysts at Piper Sandler downgraded their price target for Home Depot, sensing a dip in luxury consumer spending that has raised concerns about the company’s immediate future. This short-term
United Airlines is stepping into uncharted territory by significantly increasing its fees for annual airport lounge memberships and rewarding credit cards. This bold move reflects an ongoing trend among national carriers to capitalize on consumer appetite for travel perks. Their recent announcement heralds higher costs while introducing enticing sign-up bonuses and enhanced benefits, stirring up
Viasat, a prominent name in the satellite communications industry, is currently navigating a landscape dominated by behemoths like SpaceX’s Starlink. Deutsche Bank’s recent upgrade of Viasat’s stock from a “hold” to a “buy” has sparked discussions among investors and analysts alike. With a price target raised from $13 to $15, signaling an expected growth of
In a move that could define the future of high-yield municipal bonds, the Salina Economic Development Authority is embarking on a $1.15 billion debt sale aimed at financing a tire manufacturing facility in Oklahoma. As the appetite for high-yield bonds continues unabated, the implications of this ambitious project deserve intense scrutiny. This situation presents not