The Water Resources Development Act of 2024 has recently passed a key Senate committee, showcasing a significant shift towards advancing a pilot public-private partnership program initially proposed by the Army Corps of Engineers a decade ago. This latest bill marks a crucial moment in the realm of water project delivery methods, signaling a growing interest
The recent increase in mortgage rates has had an immediate impact on the mortgage demand that had been steadily increasing over the past few weeks. With the average contract interest rate for 30-year fixed-rate mortgages rising to 7.05%, the demand for mortgages has seen a decline. This increase in rates, although seemingly small, has caused
Dick’s Sporting Goods recently reported a strong first fiscal quarter, much to the surprise of Wall Street analysts. The big-box sports retailer saw a significant increase in comparable sales, surpassing expectations and demonstrating robust customer demand. The company’s earnings per share and revenue numbers also exceeded forecasts, leading to a positive outlook for the rest
The dollar has seen a boost in May, with rising expectations that the Federal Reserve will delay any rate cuts until later in the year. This has been supported by crucial inflation readings that are set to take place this week. The Federal Reserve’s preferred measure of inflation, the core personal consumption expenditures (PCE) price
American Airlines shocked the aviation industry on Tuesday by slashing its sales outlook and announcing the departure of its chief commercial officer, Vasu Raja. This abrupt change in leadership comes as a surprise and raises questions about the airline’s financial health and strategic direction. Raja, who has been with the company for just over two
The market anticipation for the trading of spot Ethereum Exchange Traded Funds (ETFs) is at an all-time high, with the final confirmation pending before trading can commence. Analysts and traders alike are optimistic about the prospects of these ETFs being approved in the coming weeks. Ana de Mattos, a technical analyst, highlights the need for
A recent tax measure aimed at providing financial support for the San Francisco Bay Area Rapid Transit (BART) district has sparked controversy and opposition among local stakeholders. Senate Bill 1031, introduced by Sen. Scott Wiener and Sen. Aisha Wahab, proposes a ballot measure to generate funds for the struggling BART system, which has been facing
After failing to meet earnings estimates in February 2024, Boston Beer (SAM) has been on a continuous decline, reaching a new 52-week low recently. To confirm the bearish trend, two technical indicators are used: RSI (Relative Strength Index) and DMI (Directional Movement Index). RSI measures the momentum of a stock’s price movement, and in the
Porsche has unveiled the first-ever production hybrid version of its iconic 911 sports car, marking a significant change to the renowned German sports car in response to the automotive industry’s shift towards electrification and increased fuel economy standards. The 2025 911 Carrera GTS hybrid comes with a starting price of $164,900, signaling Porsche’s commitment to
For all the die-hard fans of the classic movie “Home Alone,” here comes an exciting news! The mesmerizing house in the Chicago suburbs, which served as the backdrop for the iconic film, is now up for grabs. Located at 671 Lincoln Ave. in Winnetka, the house is not just any ordinary property. It is the