As the Federal Reserve gears up for potential interest rate cuts in the near future, several regional banks are positioning themselves to reap the benefits. Evercore ISI has identified key players in the banking sector that are best suited to thrive in a lower interest rate environment. These banks have been proactive in adjusting their
The world of commodity trading has been shaken up this summer, leaving many investors questioning the future of this asset class. With major commodity ETFs like Invesco’s Optimum Yield Diversified Commodity Strategy ETF (PDBC) and the United States Oil Fund (USO) facing significant losses, it’s clear that the outlook is not optimistic. However, amidst the
The Biden administration has announced that it will be rolling out free at-home Covid-19 tests for American households in late September. This decision comes as the virus continues to pose a threat in the U.S. during the summer months. Americans will have the option to request four free tests through COVIDtests.gov, which are designed to
As of August 2024, shareholder returns for major homebuilders D.R. Horton and Lennar have surpassed the performance of the S&P 500. Despite this, analysts have recently downgraded the investment outlook for both companies. However, there is still a sense of optimism among some investors regarding the future performance of the industry. Industry observers note that
The city of Sparks, located east of Reno in Nevada, has put forth a proposal for the construction of a 13-mile toll road under a public-private partnership (P3) model. The estimated cost of the project is around $500 million, and the plan involves forming a partnership between the Washoe County Regional Transportation Commission and Sparks
In a groundbreaking move, ChainwirePlayFi, an AI-powered data network and blockchain designed for the live content industry, recently announced the successful sellout of its Genesis Node Sale in under 24 hours. This sale, which occurred on August 14th, 2024, was essential for bolstering the network’s strength and growth following a significant surge in activity that
The stock market has been experiencing a rollercoaster of ups and downs, with unpredictable movements that have left investors on edge. From record climbs in July to a steep global sell-off in early August followed by a rebound rally, the recent market action has been far from stable. The S & P 500 slipped on
In the early European trade session, the U.S. dollar experienced a slight decline against a basket of other currencies, as reflected in the Dollar Index. Despite a small rebound earlier in the week, the dollar has been facing consistent losses, signaling concerns about the economy’s weakness and expectations of interest rate cuts by the Federal
As U.S. Treasury yields experienced a rise and equities closed in the red on Thursday, the municipal bond market remained relatively stable. According to AllianceBernstein strategists, the technical picture for munis this summer has been notably stronger compared to the same period in 2023. Last year, total returns for June through August were reported at
Despite a modest 1.3% increase in closed sales of previously owned homes in July compared to June, the National Association of Realtors reported that sales were still 2.5% lower than the same time last year. Lawrence Yun, NAR’s chief economist, acknowledged this sluggishness in the market and attributed it to several factors. Regional Disparities in