Recent reports indicate that the heat in the housing market is beginning to cool down, with home prices experiencing a decline in their upward trajectory. While prices remain higher compared to a year ago, the rate of price appreciation has slowed significantly. According to data from real estate brokerage Redfin, the typical house sold for
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The U.S. dollar showed signs of weakness in early European trade, reversing some of its gains from the previous session. The Dollar Index, which tracks the greenback against a basket of other currencies, traded slightly lower at 105.650. This decline followed a 0.4% increase in the previous session, pushing the dollar close to two-month highs.
Investing in municipal bonds can be a lucrative way for investors to earn tax-advantaged income. These bonds offer income that is free from federal taxes, making them an attractive option for wealthier individuals. In addition, investors who reside in the state where the bond is issued may also avoid state taxes, further increasing their potential
The Securities Industry and Financial Markets Association (SIFMA) and the State of Missouri are currently embroiled in a legal battle over the state’s innovative environmental, social, and governance (ESG) investment regulation. The lawsuit revolves around laws that require advisors and broker-dealers to obtain consent from customers before engaging in investment activities based on social or
Morgan Stanley, a major player in the financial industry, is making significant strides in the adoption of artificial intelligence. The introduction of their new AI assistant, Debrief, is set to revolutionize the way financial advisors operate. By automating tasks that would typically require hours of manual labor, Debrief is expected to enhance the efficiency and
The summer housing market is facing challenges due to a weaker-than-expected spring market. High home prices, coupled with rising mortgage rates, are hindering any significant growth in the housing sector. Despite a small increase in home listings, weekly mortgage demand has been stagnant for the second consecutive week. Total mortgage application volume saw only a
In a recent report, BTIG has revised its price target for crypto miner Core Scientific Inc (NASDAQ:CORZ) from $10 to $15. This decision was based on the company’s new data center contracts and the promising growth potential in the Bitcoin mining sector. The BTIG BTC mining basket, which consists of 14 companies, currently has an
Southwest Airlines recently announced a reduction in its second-quarter revenue forecast, which resulted in a 4% decrease in its shares during premarket trading. The airline cited changing booking patterns as the main reason for the revision. Southwest now expects its revenue per available seat mile to decline between 4% and 4.5% in the second quarter,
The Metropolitan Pier and Exposition Authority (MPEA) in Chicago has approved the sale of up to $231 million in refunding bonds for the McCormick Place Expansion Project. This project aims to upgrade the Lakeside Center building and renovate the guest rooms at the Hyatt Regency McCormick. The Series 2024A and Series 2024B bonds are set
Denver Health, Colorado’s primary safety net healthcare provider, is facing a critical financial situation. The escalating costs of uncompensated care have amounted to $140 million in the past year alone. Without additional funding, the health system will be forced to make significant cuts in services, causing delays in care and hindering necessary maintenance. To address