In the current financial landscape, high interest rates have proven to be advantageous for Americans who are holding cash. However, there is growing concern among experts on Wall Street about the potential pitfalls of this strategy. As the Federal Reserve continues to raise interest rates, individuals have been flocking to cash vehicles such as money
The municipal market has been experiencing firmness ahead of an expected uptick in issuance next week. This comes as U.S. Treasury yields have seen a slight decline and equities have ended on a mixed note. Barclays strategists Mikhail Foux and Clare Pickering have pointed out that the rally in USTs has been supported by softer
As sea levels continue to rise and the frequency of storms increases, coastal real estate is facing unprecedented challenges. From California to New York, some of the most expensive coastal properties are at risk due to the effects of climate change. This year’s hurricane season is predicted to be particularly active, with the National Oceanic
The recent capitulation of Bitcoin miners has taken many in the cryptocurrency market by surprise. This phenomenon, characterized by a visible decline in the hashrate of the network, signals that some miners are either shutting down their operations or scaling back on their mining activities. This shift is significant because it affects the processing power
Indianapolis Mayor Joe Hogsett’s recent pursuit of a Major League Soccer team for the city has cast doubt on previous plans for a new stadium development led by Ersal Ozdemir, the owner of the city’s United Soccer League team, the Indy Eleven. Despite initial concerns that Hogsett’s announcement derailed Ozdemir’s project, it was later revealed
The Pentagon recently revealed the first set of victors in the rocket launch contract challenge, with Jeff Bezos’ Blue Origin securing a position for the first time. This triumph for Blue Origin was part of the contracts distributed as part of the Pentagon’s National Security Space Launch program, which is valued at $5.6 billion. Along
On Friday, KBW analyst David Konrad upgraded Bank of America to outperform, citing a strong net interest income forecast. This upgrade comes as Konrad believes the bank could be reaching an inflection point that will drive the stock higher. The price target was raised to $46 per share from $37, implying a 17% upside from
Political turmoil can have a significant impact on currency exchange rates, as seen in the recent fluctuations in the U.S. dollar and euro. This article will analyze how political events can influence the value of currencies and what investors can expect in the coming weeks. The U.S. dollar slipped marginally on Friday, while the Dollar
The Bitcoin price remained relatively stagnant in Asian trade on Friday, while the broader cryptocurrency market saw a retreat. This movement came as traders shifted their focus towards the US dollar in anticipation of fewer interest rate cuts by the Federal Reserve. Despite the progress towards a spot Ether exchange-traded fund, sentiment towards cryptocurrency markets
The municipal bond market showed signs of strength on Thursday, with firmer municipals following a robust U.S. Treasury session. Equities, however, closed with mixed results. Triple-A yields experienced a decline of one to five basis points, while USTs saw gains of seven to nine basis points. This movement led to a slight increase in muni