The U.S. dollar saw a surge in value as it inched closer to its highest level in November, just ahead of the latest Federal Reserve policy-setting meeting. The Dollar Index, tracking the greenback against a basket of six other currencies, showed a 0.1% increase at 106.240. This increase brings it close to the 106.51 mark,
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The municipal market has seen little movement in secondary trading, with the primary market taking center stage due to a number of deals being launched. Leading the pack is a substantial $1.9 billion Novant healthcare revenue bond deal in the negotiated market, alongside a general obligation sale from Delaware. While U.S. Treasuries experienced weakness, equities
Transportation Secretary Pete Buttigieg recently presented the Biden administration’s priorities for the upcoming fiscal year to House lawmakers. These priorities encompass a broad spectrum, ranging from the maintenance of existing infrastructure to the promotion of innovative projects such as high-speed rail. One of the key focus areas outlined by Buttigieg is the prevention of infrastructure
In today’s rapidly evolving digital landscape, security and privacy are paramount concerns for nearly one million passport holders. Galxe, the leading web3 infrastructure and digital identity network, has taken a significant step forward with the unveiling of Galxe Passport V2. This latest version promises to redefine identity verification and management across the web3 ecosystem, enhancing
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
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
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
As spring approaches and the housing market picks up, buyers and sellers are closely monitoring the fluctuating mortgage rates. According to Freddie Mac data via the Federal Reserve, the average 30-year fixed-rate mortgage rose to 7.17% for the week ended April 25th, up from 7.10% the previous week. There is uncertainty surrounding when the Federal
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
The price of Peacock, Comcast’s streaming platform, is set to increase by $2 this summer. This adjustment by NBCUniversal aims to capitalize on the upcoming Summer Olympics in Paris, which will be broadcasted on NBC’s TV networks and on Peacock. The ad-supported option of Peacock will see a price hike to $7.99 a month, while