In response to the challenges posed by high inflation, Walmart has made a strategic move by introducing a new private label grocery brand called BetterGoods. This initiative aims to retain the customer base that the retail giant has built over the years, especially within the highly competitive grocery industry. With the BetterGoods line focusing on
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As traders brace themselves for the upcoming Federal Reserve meeting, most Asian currencies are facing downward pressure against the dollar. The Japanese yen, in particular, experienced a slight decline after bouncing back amidst suspicions of government intervention. Throughout April, regional currencies have been struggling as market participants gradually rule out the possibility of early interest
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In a recent legal battle, Johnson & Johnson and Bristol Myers Squibb faced a setback in their challenge to the Biden administration’s Medicare drug price negotiations. A federal judge in New Jersey rejected their legal arguments, ruling that the program is constitutional. The decision is a significant win for the Biden administration in its efforts
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In the current economic climate, with the Federal Reserve contemplating lowering rates, investors are urged to consider dividend-paying stocks as a viable source of income. Citi Research suggests that as interest rates decrease, traditional fixed income assets may become less attractive, leading investors to seek out companies with a history of consistent dividend payments. Scott
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In a recent development, the voters of Shreveport, Louisiana, approved $256 million of general obligation bonds in a landmark decision. The allocation included $125 million for streets and drainage, $82 million for water and sewer, and $49 million for police and fire infrastructure. The overwhelming majority support for the first two bonds at 80% in
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Tribal governments have long faced obstacles when it comes to accessing tax-exempt financing. In a recent paper titled “Tax code constraints limit tribal tax-exempt bonding,” Federal Reserve Bank of Minneapolis economists highlighted the disparities between tax-exempt bonds issued by tribes versus state and local governments. The limited access to this financing tool has hindered tribal
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