This year, the energy sector has made a surprising comeback, outperforming nearly every other sector in the market. With a 17% increase, energy has overtaken the S & P 500, trailing only the media and entertainment sector, which has seen a 20% gain. In fact, energy has been the best performer over the past month,
Spirit Airlines recently announced that it will be deferring deliveries of new Airbus planes in an effort to boost liquidity. This decision comes as the airline plans to furlough approximately 260 pilots. CEO Ted Christie emphasized the necessity of these steps in ensuring a strong and profitable future for Spirit. The deferral of Airbus planes
The solar eclipse on Monday had an unexpected impact on some of the country’s smaller airports, causing disruptions that are not typically seen on a regular basis. While delays and cancellations are often a result of bad weather and heavy traffic at major airports, the high demand for prime eclipse viewing locations led to some
Agency mortgage-backed securities (MBS) are debt obligations backed by the government and issued by agencies like Fannie Mae, Freddie Mac, and Ginnie Mae. These securities are considered a high-quality asset class with minimal credit risk and high liquidity. Leslie Falconio, head of taxable fixed income strategy at UBS Americas, highlights the current yields of around
StakeLayer, a cutting-edge Restaking platform operating on Bitcoin L2, has recently celebrated a major achievement by successfully completing two phases of its Presale, securing a noteworthy $500,000 in funding. The platform’s native token, $STAKE, was made available to early participants during the Presale, offering them the opportunity to access additional rewards from vaults and engage
Recently, Jefferies made the decision to upgrade U.S. shares of SQM, a Latin American lithium producer, from hold to buy. This upgrade came from analyst Alejandro Demichelis, who also raised the price target significantly. With a new price target of $62.80, there is now an upside of 31.9% for investors looking at SQM. Despite some
As New York State officials extend the state’s fiscal 2025 budget deadline for the second time, challenges regarding education, affordable housing funding, and more remain unresolved. The new deadline, set for Monday, April 8, highlights the complexities faced by legislators as they work towards a final agreement. The delay in finalizing the budget may not
The craze surrounding meme coins is gaining momentum on the Solana blockchain, showcasing a thriving market where these unconventional digital assets are not only surviving but thriving. The team behind this trend suggests that Solana’s blockchain stands out due to its impressive transaction capacity and low fees, making it an ideal platform for the launch
As investors brace themselves for the upcoming U.S. inflation data, the dollar has hit a pause. The recent fluctuation in the market can be attributed to a mixed bag of economic data in the United States. Last week saw a slowdown in services growth followed by unexpectedly strong hiring numbers, causing traders to rethink their
Throughout Asia, currency markets have experienced minimal movement as traders react to the latest nonfarm payrolls report. The report, which revealed a strong U.S. labor market, has led to a shift in expectations regarding the Federal Reserve’s stance on interest rates. As a result, the dollar has seen a slight increase in value, with traders