Disney shareholders recently reelected the media conglomerate’s full board in a move that dealt a blow to activist Nelson Peltz and former Marvel CEO Ike Perlmutter. Despite the efforts of Peltz-led Trian Partners to push for change within the company, the board’s decisions, including the reinstatement of CEO Bob Iger and efforts to rejuvenate the
Investors may be underestimating the challenges of bringing inflation down, according to hedge fund manager David Einhorn. During the Sohn Investment Conference in New York, Einhorn expressed his skepticism about the Federal Reserve’s ability to curb inflation with interest rate cuts. He believes that fewer than three rate cuts will occur this year, and there
The absence of tax-exempt municipal bonds in the Treasury Department’s Green Book for the second consecutive year has raised concerns among experts in the municipal bond market. Despite President Joe Biden’s focus on infrastructure development, the lack of mention of these bonds in the Green Book is perplexing. According to Edwin Oswald, a tax partner
The North Carolina Local Government Commission recently approved over $1 billion in financing requests from state agencies and local governments. One of the largest requests came from the North Carolina Housing Finance Agency, which received approval to issue $750 million of revenue bonds aimed at increasing the state’s supply of affordable housing. The agency plans
The VGX Foundation, a Cayman Islands Foundation, has recently collaborated with Genopets to integrate the VGX token into their popular move-to-earn NFT mobile game on Solana. This partnership aims to introduce VGX as a reward token within the Genopets game, offering utility and rewards for players using VGX within the Genopets ecosystem. Genopets, a gaming
The dollar index is currently hovering near its highest level in over four months, putting pressure on the Japanese yen which is close to its lowest in decades. Despite the increased threat of currency intervention by Tokyo, the yen has struggled to make significant gains. The euro and pound have maintained stability against the dollar,
Ault Alliance, Inc. recently made headlines with its subsidiary, Sentinum, Inc., mining approximately 105 Bitcoin in March 2024. This achievement points to an impressive annual run rate of about $82 million based on the current price of Bitcoin. The company strategically split its mining operations between a data center in Michigan and machines hosted with
In the midst of market unease and uncertainty, investors are faced with the challenge of making sound investment decisions. Piper Sandler, a reputable investment firm, suggests that now might be the ideal time to shift focus towards quality stocks. The firm emphasizes the importance of prioritizing companies with strong fundamentals at a reasonable price, rather
The latest data shows that mortgage rates have remained relatively stable over the past week, and this lack of movement is reflected in the demand for mortgages as well. Potential homebuyers are facing significant hurdles due to high costs and limited supply, while existing homeowners are finding little reason to refinance their loans at the
The U.S. dollar experienced a slight decline in European trade recently, but it remained near a four-month high, signaling some stability in the currency market. Traders were closely monitoring the path of U.S. interest rates, which greatly influenced the movement of the Dollar Index against a basket of six other currencies. Despite the minor dip