The decision by the New York Metropolitan Transportation Authority Board to grant approval for refunding its outstanding Build America Bonds (BABs) has significant financial implications for the agency. With the potential to redeem as much as $3.73 billion of its outstanding taxable paper, the MTA is poised to make a strategic move to optimize its
As the market continues to hit new highs and investors search for income opportunities, Bank of America has identified a group of small-cap stocks with high-quality dividend yields. Despite the underperformance of the Russell 2000 index compared to the S&P 500 and Nasdaq Composite, there are hidden gems within the small-cap space that offer attractive
Recent analysis by JMP Securities suggests that there are positive shifts occurring in the political landscape for digital assets. These changes, if they continue, could serve as a significant catalyst for companies like Coinbase. In fact, JMP Securities has reiterated a Market Outperform rating and a $320 price target for Coinbase shares. The analysts point
The real estate market experienced a setback in April, with sales of previously owned homes falling short of expectations. The National Association of Realtors reported a 1.9% drop in sales to 4.14 million units on a seasonally adjusted annualized basis. This decline came as a surprise to many, as the forecast had anticipated a slight
The recent announcement by Comptroller Brad Lander regarding the New York City Employees’ Retirement System’s investment of up to $60 million in affordable housing units marks a significant milestone in the city’s efforts to address the housing crisis. With nearly 35,000 units at stake, the partnership aims to not only preserve these units, 80% of
The growth of pickleball in the United States has been nothing short of astounding in recent years. According to a report by the Trust for Public Land, the number of outdoor public park pickleball courts in major cities has increased by a staggering 650% over the past seven years. This growth has been fueled by
The Consumer Financial Protection Bureau (CFPB) made a significant announcement on Wednesday regarding the buy now, pay later industry. The agency declared that customers utilizing BNPL services must now adhere to the same federal protections as those using credit cards. This move comes in the form of an “interpretive rule” that essentially categorizes BNPL lenders
As the U.S. dollar traded calmly on Wednesday, investors were eagerly anticipating the release of the minutes from the last Federal Reserve meeting. At 04:55 ET (08:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded marginally higher at 104.600. Traders were hesitant to make any significant moves
The recent fluctuations in Bitcoin and Ether prices have been largely attributed to the anticipation of cues on U.S. interest rates. The cautious approach of traders towards the crypto markets can be directly linked to the warnings on sticky U.S. inflation and the possibility of high-for-longer interest rates. This has led to a slight fall
The U.S. public-private partnership activity exhibited a weakness in the past year, yet the long-term trend of an increasing number of P3s remained robust. The future outlook seems promising with a healthy project pipeline and infrastructure funds eagerly looking to invest. The southeast region maintained its lead in this space, with significant projects lined up