The Asian currencies stayed within a narrow range as the dollar maintained its position near a two-month high. This situation comes ahead of crucial inflation data that could influence the Federal Reserve’s stance on interest rates. The Japanese yen, in particular, faced weakening against the dollar beyond anticipated levels, prompting concerns about potential government intervention.
The municipal bond market experienced minimal changes on Thursday as the largest deals were finalized. Despite this, municipal bond mutual funds reported a return to outflows. U.S. Treasury yields declined while equities saw an increase near the market close. The ratios of municipal bond yields to Treasury yields varied on Thursday, with the two-year at
The House Committee on Transportation and Infrastructure is pressing the Department of Transportation for explanations regarding the seemingly slow progress of infrastructure spending. Despite the Department receiving over $364 billion since the enactment of the Infrastructure Investment and Jobs Act (IIJA), concerns have been raised about the allocation of funds. Committee Chair Rep. Sam Graves
In a recent report, Morgan Stanley highlighted a promising uptick in mergers and acquisitions on Wall Street, with completed deals rising by 16% in the second quarter compared to the same period last year. This increase signals a potential recovery for the M&A market, which has been hampered by high borrowing costs in recent years.
The real estate market is experiencing a noticeable change as home prices are starting to plateau after months of consistent growth. While prices are still higher compared to a year ago, reports indicate a decrease in price gains and a shift towards more balanced buyer-seller dynamics. The Covid-19 pandemic initially caused a halt in home
The automotive industry is on the brink of a significant shift, with Chinese automakers expected to substantially increase their global market share from 21% to 33% by the year 2030. This growth is likely to be driven by the expansion of Chinese brands beyond their home country, with sales expected to triple from 3 million
In a recent announcement on June 27th, 2024, AdEx revealed the launch of its updated platform, positioning itself as a powerful tool tailored for Web3 advertisers seeking to engage with a broader Web2 audience. This repositioning comes with a host of technological advancements, such as the integration of Artificial Intelligence (AI) and Zero-Knowledge (ZK) privacy
The currency markets are constantly influenced by a variety of global events and economic indicators. In recent trading sessions, the U.S. dollar has fluctuated, with the Dollar Index trading slightly lower at 105.650. This comes after Federal Reserve Governor Michelle Bowman’s comments about inflation and potential rate cuts in the future. The upcoming release of
Morgan Stanley, a major player in the financial industry, is expanding its use of artificial intelligence by introducing a new assistant called Debrief. This AI assistant is expected to revolutionize the way financial advisors at the bank operate by streamlining tasks that were previously time-consuming. Debrief keeps detailed logs of advisors’ meetings, automatically generates draft
Investing in municipal bonds can provide investors with tax-advantaged income, making them a popular choice for those seeking to minimize their tax liabilities. The income earned on municipal bonds is free from federal taxes, making them particularly attractive to wealthier investors who are looking to maximize their after-tax returns. Additionally, investors who reside in the