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
The cryptocurrency market is abuzz with speculation as Ether experiences its largest two-day gain in nearly two years. The surge in price comes amidst discussions surrounding the approval of U.S. spot exchange-traded funds (ETFs) that track the world’s second-largest cryptocurrency. Ether, the native token of the Ethereum blockchain network, has soared by 8% to reach
Nvidia is a major player in the semiconductor industry, with a hefty 21% weighting in the VanEck Semiconductor ETF. The company has seen significant growth in the past year, driven by the increased demand for artificial intelligence technology. However, this success has led to “over-ownership” of Nvidia in the market, with over 500 different ETFs
Lowe’s recently released its quarterly earnings report, surpassing Wall Street’s expectations in both earnings per share and revenue. Despite a decrease in sales from the previous year, the home improvement retailer managed to outperform forecasts, unlike its competitor Home Depot. In the three-month period ending on May 3, Lowe’s reported a net income of $1.76
Hong Kong-based crypto custodian Hex Trust Group has recently introduced its native decentralized stablecoin, USDX, on the Flare blockchain. This stablecoin is backed 1:1 by the U.S. dollar and serves as a DeFi primitive on Flare, offering various financial opportunities to users. Unlike centralized stablecoins such as USDC and USDT, which are backed by real-world