The West Contra Costa Unified School District, based in Richmond, California, recently faced a financial crisis when it failed to approve an accountability plan necessary to pass a budget by the end of the fiscal year. This failure prompted Contra Costa County to step in and prepare to take over budget activities. Typically, if a
Art
The U.S. dollar saw a retreat in early European trading as Federal Reserve Chair Jerome Powell indicated progress in the fight against inflation. The Dollar Index, which measures the greenback against a selection of other currencies, was down 0.1% at 105.287. Powell’s comments at a conference sponsored by the European Central Bank fueled expectations of
The S & P 500 has shown an impressive performance in the first half of the year, marking its third consecutive quarterly advance. This streak of success has left many investors wondering about the potential for further gains in the second half. Looking back at historical data, we see that the index’s longest quarterly winning
The municipal bond market remained stable on Tuesday, benefiting from a decline in U.S. Treasury yields and a positive performance in equities. Analysts have noted that there will be limited new issuances this week, as many issuers tend to hold off during holiday-shortened weeks. With around $31 billion of July reinvestment cash hitting the market
Pi Squared, a company based in Champaign, Illinois, recently closed their first capital raise with the support of leading investors such as Polychain Capital, ABCDE, Bloccelerate, Generative Ventures, Robot Ventures, and Samsung Next. Additionally, several notable angel investors, including Shumo Chu, Harish Devarajan, and Justin Drake, have shown their support for the innovative technology developed
General Motors recently reported its best quarterly sales in over three years, showcasing a notable increase in both full-size pickup trucks and all-electric vehicles. The Detroit automaker announced that its sales for the second quarter reached 696,086 units, marking a 0.6% increase from the same period last year. This represents the highest quarterly sales figure
The recent surge in U.S. yields has had a significant impact on global currencies, particularly affecting low-yielding currencies like the Japanese yen and the Chinese yuan. Investors are closely watching the developments in the markets, waiting for signals from the Federal Reserve Chair, Jerome Powell, to guide their next moves. The increase in benchmark 10-year
In the world of cryptocurrency, new players are constantly entering the scene, vying for attention and investment from eager crypto enthusiasts. One such newcomer is Solciety, a platform that has quickly gained traction in the market, capitalizing on the popularity of PolitiFi and Solana meme coins. With a successful presale raising over $619,000 in just
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
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