The real estate market has been experiencing a downturn in recent times, with the S & P 500’s real estate group being the only one to have fallen in 2024, recording a slide of 4.7%. This decline has been attributed to significant uncertainty in the commercial real estate market, particularly concerning interest rates and the
In a groundbreaking move, E Money Network, a modular RWA blockchain based in Bengaluru, India, has announced the launch of the largest RWA grant program in the crypto space. With a total funding of $2 million, the program aims to support RWA projects and accelerate the development of the RWA economy. E Money Network functions
The West Contra Costa Unified School District, based in Richmond, California, recently faced a setback when it failed to approve an accountability plan necessary to pass a budget by the end of the fiscal year. This failure has triggered concerns about the district’s financial stability, leading to intervention from Contra Costa County. County Intervention As
The latest report from Lookonchain has revealed a significant milestone for Ethereum – surpassing Bitcoin in fee income by an impressive 100% over the past year. With $2.73 billion in fee income, Ethereum has solidified its position as the leader in the industry, leaving Bitcoin in second place with $1.3 billion. The Tron Network follows
Bad weather can have a significant impact on flight operations, even when the skies above seem clear. Thunderstorms, in particular, can cause delays by disrupting air traffic control and forcing flights to take longer routes to avoid the storm. While larger weather systems like winter storms and hurricanes can be predicted in advance, thunderstorms can
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