The Municipal Forum of New York recently hosted its 33rd annual awards and leadership fellows fundraising dinner to honor outstanding individuals in the municipal finance industry. Among the recipients were Marjorie Henning, Albert Simons, and Jacques Jiha, who were recognized for their significant contributions and achievements. The event serves as an opportunity to celebrate the
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Red Lobster, a well-known seafood chain, recently filed for Chapter 11 bankruptcy protection. This decision comes as a result of the company facing significant debt and long-term leases, which have weighed it down. In a statement, the company mentioned having a “stalking horse bid” from its existing lenders to buy the company, unless a higher
The U.S. dollar has recently been experiencing a period of calm trading against major currencies, with Goldman Sachs predicting that these narrow ranges will persist for some time. Despite losing approximately 1% last week due to soft U.S. inflation data, the Dollar Index, which measures the greenback against a basket of six other currencies, remained
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The global venture capital investment in crypto companies has seen a resurgence, reaching $2.4 billion in the first quarter of 2024. This marks a significant increase from the $1.7 billion invested in the last quarter of 2023, signaling a renewed interest from investors in the crypto industry. Despite this positive development, it is essential to
Wall Street analysts have significantly increased their price targets on Nvidia, a prominent player in the artificial intelligence market. Stifel, Baird, and Barclays all raised their price targets, with Stifel’s forecast implying a nearly 30% upside. Despite the positive outlook, it is essential to consider the potential risks associated with such ambitious targets. The analysts’
Bitcoin price showed little movement on Monday, remaining within a trading range of $60,000 to $70,000 established since mid-March. Despite a rebound over the weekend, the cryptocurrency steadied at $67,148.4 by 01:01 ET (05:01 GMT), with few catalysts in sight for an immediate breakout. The stability can be attributed to persistent caution over the outlook
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The recent cautious comments from Federal Reserve officials have left investors uncertain about the future path of U.S. interest rates. Despite signs of cooling inflation, the dollar remains stable as traders await further clues. Speculation on potential rate cuts has led to varying predictions, with markets pricing in at least two rate cuts this year.