The Colorado Legislature recently wrapped up its session after achieving significant milestones in various areas. The session saw the passing of a fiscal 2025 budget, changes in school funding, a property tax cut, and measures targeted at advancing multi-billion-dollar passenger rail projects and a bond-financed purchase of a historic hotel. Senate President Steve Fenberg described
Jefferies recently upgraded Boston Beer, the company behind famous brands like Samuel Adams and Truly hard seltzer. Analyst Kaumil Gajrawala believes that Boston Beer could see a significant expansion in multiples, particularly in categories such as flavored malt beverages and ready-to-drink cocktails. Gajrawala mentioned that sales in these categories could grow by 4% to 5%,
The U.S. dollar remained relatively stable on Tuesday, as traders awaited the release of crucial inflation data that could influence the trajectory of interest rates. The Dollar Index, which measures the dollar against a basket of other major currencies, inched up by 0.1% to 105.250 during early trading hours. Market participants are eagerly anticipating the
Bitcoin price has shown slight growth on Tuesday, but it continues to remain within a trading range that has been established for the past couple of months. Despite the recovery in capital flows into crypto investment products, the overall price action has been minimal. Even though there were some inflows into crypto investment products, particularly
Novavax, a struggling vaccine maker, experienced a significant boost in its stock value following the announcement of a multibillion-dollar deal with French drugmaker Sanofi. The stock closed nearly 50% higher on Monday, marking a dramatic turnaround for the company that had previously issued a “going concern” warning due to doubts about its financial viability. The
As the value of homes continues to rise, more Americans find themselves potentially owing capital gains taxes upon selling their property. Typically, most individuals do not owe taxes on the sale of their primary residence due to the Section 121 exclusion. This special tax break allows up to $250,000 in profits for single filers and
As the hype around artificial intelligence (AI) continues to spread, the once-sleepy utilities sector is starting to perk up. According to a report by Wells Fargo, the S&P 500 utilities sector saw a 3.6% gain in the first quarter of 2024, followed by a surge of more than 8% in the second quarter. This growth
The Municipal Securities Rulemaking Board (MSRB) has recently sought approval from the Securities and Exchange Commission to revise its supervision rule in light of the growing prevalence of remote work settings. This amendment to Rule G-27 on supervision aims to align MSRB regulations with those of the Financial Industry Regulatory Authority (FINRA), providing dealers with
The recent rebound in Bitcoin price on Monday can be attributed to investors eagerly anticipating the upcoming United States inflation data for April. This data is expected to play a crucial role in influencing the decision of the Federal Reserve on whether or not to reduce borrowing costs in 2024. The dollar saw a slight
Recent data on Chinese inflation has had a significant impact on Asian currencies, particularly the yuan. While consumer price index inflation rose more than expected in April, indicating some positive signs for the Chinese economy, the producer price index inflation continued to shrink for the 19th consecutive month. This disparity in inflation data reflects the