The dollar maintained its firm position on Tuesday, with the yen struggling on the weaker side of the 156 level. Despite this, trade remained mostly rangebound as investors stuck to their views on the expected timing and extent of Federal Reserve rate cuts this year. Against the yen, the dollar saw a 0.11% rise to
China’s recent policies to boost the real estate market have been met with mixed reactions from analysts. Despite the government’s efforts, experts believe that these initiatives will take time to yield concrete results. S&P remains cautious about the situation, stating that the property market is still in search of a stable foundation. Edward Chan, director
Homeowners are continuously looking for ways to increase the value of their homes, especially with the spring housing market heating up. While the frenzy of home renovation activity may have calmed down slightly compared to the pandemic era, there are still certain projects that offer the highest return on investment. According to the 2024 Cost
After much deliberation and negotiation, Virginia’s two-year, $188 billion budget has finally been officially approved. This resolution was made possible with the help of compromise and a stronger than expected tax collection season. Governor Glenn Youngkin emphasized the role of the labor market and business investments in driving record revenues for the Commonwealth. The approval
The Municipal Forum of New York recently held their 33rd annual awards and leadership fellows fundraising dinner to honor industry leaders and veterans in the field. Among the recipients were Marjorie Henning, Albert Simons, and Jacques Jiha, each recognized for their outstanding contributions to the community and their respective fields. Marjorie Henning, the retired deputy
The recent news of Red Lobster filing for Chapter 11 bankruptcy protection serves as a stark reminder of the challenges faced by even well-established restaurant chains. With a staggering debt load and long-term leases weighing the company down, Red Lobster has been forced to take drastic measures to stay afloat. The seafood chain’s decision to
The U.S. dollar has been experiencing stable trading patterns against major currencies recently, according to analysis from Goldman Sachs. The Dollar Index, which measures the greenback against a basket of six other currencies, has remained largely unchanged at 104.330. This stability comes after a slight decrease of around 1% following soft U.S. inflation data released
In the first quarter of 2024, global venture capital investment in crypto companies reached $2.4 billion, marking a notable increase from the previous quarter. This rise in investment indicates a potential return of investor interest in the cryptocurrency space after a period of decline. The peak of crypto venture capital flows was observed in the
One of the biggest analyst calls on Monday was Morgan Stanley’s upgrade of Micron Technology, a leading chipmaker in the industry. While the upgrade came with a raised price target on the stock, it is important to note that the analysts only see limited gains ahead for the company. This cautious optimism raises questions about
As investors eagerly await additional information to help them navigate the future trajectory of U.S. interest rates, the dollar remains relatively stable following reserved remarks from Federal Reserve officials. Despite signs of a cooling inflation rate, the Japanese yen has displayed slight weakness against the dollar, hovering around 155.80 per unit as market participants keep