The recent Bitcoin halving that occurred on April 19 has left the crypto market in a state of uncertainty and significant price volatility. This event, which occurs every four years and reduces rewards for miners, has brought about unexpected movements in the market. The drop in Bitcoin’s price from $73,000 to $57,000 has raised concerns
The upcoming boxing match between Mike Tyson and Jake Paul has already generated significant hype, with ticket prices skyrocketing and a surge in bettor interest. Scheduled for July 20 at AT&T Stadium in Arlington, Texas, the event is expected to be the most heavily bet-on boxing match of the year. Fans are eagerly anticipating the
The municipal bond market remained relatively stable on Thursday, with municipal mutual funds experiencing inflows that surpassed $1 billion. At the same time, U.S. Treasuries showed strength, and equities finished the day in positive territory. The muni-to-Treasury ratio varied across different maturity levels, with the 30-year ratio standing at 82% according to Refinitiv Municipal Market
Squarespace Inc. (SQSP) has recently garnered attention from investors as it pushed higher to retest its April high following an announcement of raised guidance for 2024. However, the real story lies in the technical analysis of the stock’s movement. The weekly chart reveals a pattern known as a “big base breakout”, indicating the potential for
In a time when federal initiatives for student loan forgiveness are at the forefront of discussions, some states and municipalities are taking a different approach. By linking bond-financed mortgage programs to student loan forgiveness, these entities are aiming to boost homeownership among specific groups. One such program is the Maryland SmartBuy program, designed to assist
The U.S. dollar has shown signs of strength in the currency markets, particularly in anticipation of crucial economic data releases. The Dollar Index, which measures the greenback against a basket of other currencies, has edged higher in recent trading sessions. This increase comes as traders prepare for next week’s release of important U.S. inflation data.
In the ever-evolving landscape of the restaurant industry, casual dining chains like Applebee’s and IHOP are facing fierce competition from fast-food establishments and the growing trend of eating at home. With consumers becoming increasingly conscious of their spending, these traditional sit-down restaurants are having to find new ways to attract and retain customers. Dine Brands,
United Airlines Holdings Inc. and American Airlines Group Inc. have finally settled on an $8.5 billion revamp plan for Chicago’s O’Hare International Airport. This agreement comes after a series of disagreements over escalating costs and delays in the project implementation, which was initially announced in 2018. Both airlines, along with the city of Chicago, have
The recent slight decrease in mortgage rates after several weeks of increases has sparked new demand, particularly for refinances. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances decreased to 7.18% from 7.29%, which is a positive sign for potential buyers. This dip in rates has caused a 5% increase in
In a surprising turn of events, the market expectations for rate cuts at the end of 2024 took a drastic turn, with the total quantity of quarter-point rate cuts priced in reaching a staggering seven. This significant increase in rate cuts was largely attributed to Jerome Powell’s “dovish pivot” and the new FOMC December dot