The recent passage of HB 727 by the Kentucky Legislature marks a significant step towards alleviating the challenges faced by local schools in the state. With rising inflation and soaring building costs, the bill aims to enable school districts to directly issue general obligation bonds. Representative Michael Meredith, the sponsor of the bill, emphasized the
China’s real estate industry continues to face challenges that are far from over, according to a recent report by global investment firm KKR. The firm’s head of global and macro asset allocation, Henry H. McVey, highlighted the need for addressing the fundamentally overbuilt real estate sector quickly. The property industry in China has been on
The task of bringing inflation down is a complex and challenging one, according to hedge fund manager David Einhorn. In a recent interview with CNBC, Einhorn expressed his skepticism regarding the effectiveness of interest rate cuts by the Federal Reserve. He believes that fewer than three cuts may occur this year, and there is even
Once again, for the second year in a row, the Treasury Department’s Green Book has failed to mention tax-exempt municipal bonds in the Biden administration’s tax policy initiatives and proposals. This absence is particularly puzzling given President Joe Biden’s strong emphasis on infrastructure as a key focus of his administration and campaign for reelection. The
Disney shareholders celebrated a major victory this week as they reelected the media conglomerate’s full board. The preliminary results delivered a stinging defeat to activist Nelson Peltz and former Marvel CEO Ike Perlmutter, who had been pushing for changes within the company. The board’s decisions, including bringing back CEO Bob Iger and efforts to reinvigorate
In a recent announcement, the VGX Foundation, based in the Cayman Islands, has formed a partnership with Genopets to incorporate the VGX token as a reward within their popular move-to-earn NFT mobile game on Solana. This collaboration aims to introduce VGX as a reward token in the Genopets game, offering players utility and rewards for
The recent approval of more than $1 billion in financing requests from state agencies and local governments by the North Carolina Local Government Commission raises concerns about the financial implications and sustainability of these projects. While the commission’s mandate is to review the feasibility of proposed projects and the borrowing capacity of municipalities, the scale
In the current global economic scenario, the dollar index has been holding strong, reaching its highest level in over four months. This has had a significant impact on the Japanese yen, pushing it towards its lowest levels in decades. The increased threat of currency intervention by Tokyo has managed to cap further declines in the
Ault Alliance, Inc. (NYSE American: AULT) revealed that its subsidiary, Sentinum, Inc., mined approximately 105 Bitcoin in March 2024, showcasing a potential annual run rate of $82 million based on the current Bitcoin price of $65,000 per coin. This successful mining effort was spread out between Sentinum’s data center located in Michigan and machines hosted
In the given information, it is mentioned that the U.S. dollar slipped slightly lower in European trade but remained near an over four-month peak as traders continued to monitor the path of U.S. interest rates. The Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 104.505. It