Michigan’s $82.5 billion fiscal 2025 budget is set to be signed by Gov. Gretchen Whitmer and includes significant investments in roads and bridges. The funding for these infrastructure projects will come from the $700 million final tranche of Rebuilding Michigan Plan bonds, which will be issued later this year. This includes repairs to a key
App
The recent weakening of most Asian currencies can be attributed to the recovering dollar and the uncertainty surrounding interest rates. Despite expectations of a possible interest rate cut by the Federal Reserve in September, regional currencies have shown little support. This lack of enthusiasm for risk-driven assets indicates a cautious approach among traders, who are
The report from UBS regarding Apple’s market share decline in China is a significant concern for investors. The consecutive monthly declines in iPhone sell-through should be a red flag for those holding Apple stock. It is essential to closely monitor the situation in China and how it may impact Apple’s overall performance moving forward. With
The second quarter of the year was marked by a significant amount of buzz surrounding Bitcoin exchange-traded funds (ETFs). However, despite this excitement, the digital assets landscape as a whole experienced mixed performance. According to a research report by broker Canaccord Genuity, crypto assets lagged behind more traditional assets during this period. This lag can
In a surprising turn of events, President Cyril Ramaphosa announced a new coalition cabinet that sparked a positive response from investors, leading to a rally in the South African rand. The inclusion of the leader of the former opposition Democratic Alliance (DA) in key government positions has brought about optimism in the market. President Ramaphosa’s
Boeing recently announced its decision to acquire Spirit AeroSystems, a struggling fuselage maker, in a deal valued at $8.3 billion. The planemaker emphasized that this acquisition is aimed at enhancing safety and quality control within its production processes. This move comes in the wake of a series of safety incidents, including a fuselage panel blowout
The price of Bitcoin saw a 4% increase in the past 24 hours, reaching $63,259.0 by 00:57 ET (04:57 GMT). Despite this recovery, the sentiment towards Bitcoin and the broader crypto markets remained largely negative. This negativity was fueled by concerns over a potential major liquidation event involving the now defunct exchange Mt Gox distributing
Disney and Pixar’s “Inside Out 2” has achieved a remarkable milestone by joining the prestigious billion-dollar club. The animated sequel has surpassed $1 billion in worldwide box office revenue, solidifying its status as the highest-grossing film of 2024. This achievement marks a significant success for the film industry, particularly in a post-pandemic era where theatrical
Billionaire investor Peter Thiel recently shared his views on Bitcoin, suggesting that the cryptocurrency may have already reached a substantial portion of its potential value. He expressed skepticism about the possibility of significant price increases for Bitcoin in the foreseeable future, indicating that the days of dramatic growth may be over. Thiel’s cautious outlook on
Sonic, the first atomic SVM chain enabling sovereign game economies on Solana, has recently achieved a significant milestone with the launch of its incentivized testnet named “Odyssey.” This testnet has successfully connected over 100,000 wallets and facilitated more than 17 million transactions, setting the stage for a successful mainnet launch in the near future. Backed