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Despite recent safety issues plaguing the aviation industry, airline executives have noted that there is no slowdown in demand for flights. United Airlines, along with other major carriers, is expecting to see record numbers of travelers this summer. The Chief Commercial Officer of United Airlines, Andrew Nocella, reported that demand remains strong, with the airline
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The municipal bond market experienced little change on Wednesday due to a slowdown in supply and small inflows into muni mutual funds. Despite this, U.S. Treasury yields declined, and equities faced losses, showcasing a complex interplay of factors affecting the market. The Investment Company Institute reported modest inflows into municipal bond mutual funds for the
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The cryptocurrency community was abuzz with speculation after Ripple CTO David Schwartz made a bold claim on social media regarding the real identity of pseudonymous Bitcoin creator Satoshi Nakamoto. A prominent Bitcoin community member known as “Ryuushi” suggested that Craig Wright is still the most likely candidate to be Nakamoto, despite facing legal challenges. Schwartz,
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The former chair of the U.S. Federal Deposit Insurance Corp, Sheila Bair, has raised concerns about the quarterly earnings of regional banks that are set to be released this week. According to Bair, there are critical weaknesses that may be exposed in these earnings reports. She highlights the overreliance on industry deposits, concentrated commercial real
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When discussing fixed income investments, many people focus on hitting home runs and going for the big wins. However, according to Mary Ellen Stanek, co-chief investment officer at Baird Advisors, success in this asset class is more about consistency and maintaining a high batting average. Stanek emphasizes the importance of avoiding high strikeout percentages by
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The Internal Revenue Service budget has been a topic of debate in a recent Senate Finance Committee hearing. IRS Commissioner Danny Werfel defended the agency‘s budget and called for an extension of IRA funding through fiscal 2034. According to Werfel, this extension would provide $104 billion over a 10-year period and generate an additional $341
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In a recent development shared by @WuBlockchain X handle, the Hong Kong Securities and Futures Commission approved several spot Bitcoin and Ethereum exchange-traded fund (ETF) applications. This move opens up new investment avenues for crypto enthusiasts in Hong Kong and signals a growing acceptance of digital assets by traditional financial regulators. The issuers greenlit by
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