Mexico’s ruling party, Morena, is currently in discussions regarding changes to a proposed judicial reform. The original proposal put forth by outgoing President Andres Manuel Lopez Obrador raised concerns among investors as it introduced the idea of electing nearly 1,600 judges, including those for the Supreme Court, through popular vote. This move sparked fears of
With the Federal Reserve considering a rate cut in September, individuals who have been enjoying high yields on cash instruments are at risk of seeing their income decrease. This potential rate cut has prompted investors to explore alternative investment options to maintain profitability amidst falling rates. One strategy to combat declining cash yields is to
Meta Platforms (META) has been stagnant since early February, oscillating within a long trading range characterized by a rectangle pattern. Despite breakout and breakdown attempts over the past six months, META has failed to show any significant follow-through in either direction. This lack of decisive movement suggests uncertainty in the market regarding the stock’s future
Eli Lilly’s second-quarter earnings report for this year has exceeded expectations, leading to a significant increase in their full-year revenue outlook. The company reported impressive sales figures for its diabetes drug Mounjaro and weight loss injection Zepbound, causing its stock price to surge in premarket trading. With a revised guidance for adjusted earnings and revenue
In a surprising turn of events, the North Carolina Local Government Commission has approved Cabarrus County’s request to sell $186 million in bonds. This decision comes after the county’s initial request in July was met with resistance and lack of approval. The vote on Tuesday resulted in a seven-to-one approval, with only the Commission Chair
Recently, “Black Swan” author and risk analyst Nassim Nicholas Taleb shared his views on the Japanese collapse that led to the recent crash of Bitcoin. He pointed out that the major decline in the Japanese Nikkei 225 stock index was a result of an interest rate hike conducted by the Japanese central bank. Taleb believes
Investors are always on the lookout for stocks that have the potential to weather economic storms and come out stronger on the other side. According to Citi, it is essential to focus on stocks with certain characteristics during market sell-offs. These criteria include being within the top 500 of the Russell 1000 by market capitalization,
The recent clash over environmental, social, and governance (ESG) investment policies among Congressional Republicans has sparked heated debates and discussions in the political arena. Last week, the House Republican ESG Working Group released a comprehensive 37-page report titled “The Failure of ESG: An Examination of Environmental, Social and Governance Factors in the American Boardroom and
Disney’s media business has long been viewed as a hindrance to the company’s overall success, with its streaming losses, declining traditional pay TV business, and box office failures causing concern among investors. This negative perception has been reflected in Disney’s stock performance, which has lagged behind the S&P 500 in recent years. However, the company’s
The approval of a $333.4 million general obligation bond referendum by the Omaha City Council signifies a significant step in the city’s capital planning process for the next four to five years. The bond proceeds will be allocated towards sewer construction and improvements, streets and parking, public safety and convention center facilities, parks and recreation,