The U.S. dollar has seen a decline in early European trade after Federal Reserve Chair Jerome Powell indicated progress towards lowering inflation rates, leading to expectations of impending interest rate cuts. Powell’s comments during a conference in Portugal suggested that the Federal Reserve has made significant strides in bringing the pace of price increases back
General Motors recently announced their best quarterly sales in over three years, demonstrating a strong performance in the market. The Detroit automaker reported sales of 696,086 units for the second quarter of the year, marking an increase of 0.6% compared to the same period last year. This is the highest number of units sold since
The S & P 500 has shown remarkable strength in the first half of 2024, with three consecutive quarterly advances and six out of the last seven quarters ending in gains. This trend is reminiscent of a historical period in the late 90s when the index saw a staggering 14 straight quarters of growth. While
The municipal market in the US remained steady this past week as U.S. Treasury yields experienced a decline while equities registered an increase. Industry experts are predicting slow activity in the market this week due to the usual trend of issuers taking a break during holiday-shortened weeks. This is expected to result in a “muted”
Pi Squared, a startup based in Champaign, Illinois, has recently closed its first capital raise led by Polychain Capital. The capital raise included a syndicate of investors such as ABCDE, Bloccelerate, Generative Ventures, Robot Ventures, and Samsung Next. This investment will propel Pi Squared’s vision of revolutionizing verifiable computing using zero-knowledge (ZK) technology in a
Michigan’s fiscal 2025 budget of $82.5 billion is set to include investments in roads and bridges, courtesy of the $700 million final tranche of Rebuilding Michigan Plan bonds. These bonds are expected to be issued later this year and will fund projects ranging from repairs to a key bridge in Erie Township, road work on
The article discusses how the rising U.S. yields have supported the dollar, putting pressure on low-yielding currencies such as the Japanese yen and China’s yuan. The benchmark 10-year Treasury yields saw a significant increase overnight, with analysts attributing this rise to the expectations of a potential Donald Trump presidency. This anticipation of higher tariffs and
Solciety, a cryptocurrency platform based in London, has taken the crypto world by storm by raising over $619,000 in just the first two weeks of its presale. This impressive feat can be attributed to the growing popularity of PolitiFi and Solana meme coins. With a strong community of over 15,000 followers on social media platforms
The recent fluctuations in the global market have had a significant impact on Asian currencies. While the dollar has been gaining strength, regional currencies have been facing downward pressure. Let’s delve deeper into the factors contributing to these changes and analyze the potential implications for investors and traders. The dollar’s recovery from recent losses has
The landscape of Manhattan real estate is experiencing a significant shift, with apartment prices falling and inventory levels on the rise in the second quarter of 2024. Reports from Douglas Elliman and Miller Samuel indicate that the average sales price for real estate in Manhattan has dropped by 3%, hovering just above $2 million. Additionally,