Chicago’s financial landscape is at a pivotal juncture, marked by the recent decision of Kroll Bond Rating Agency (KBRA) to place the city’s general obligation bond rating on a “Watch Downgrade.” This development comes as the City Council gears up to vote on a controversial $300 million property tax increase proposed by Mayor Brandon Johnson
Financial Planning
The recent announcement from the Federal Reserve regarding a quarter-point reduction in its benchmark interest rate comes as a critical juncture in the wake of the 2024 election, where President-elect Donald Trump emerged victorious. Many Americans have been grappling with economic anxiety primarily driven by high inflation, which has severely impacted their ability to meet
Microsoft (NASDAQ:MSFT) is at a crossroads as its shareholders prepare for a pivotal vote this December regarding a proposal that could diversify the tech giant’s balance sheet through the inclusion of Bitcoin (BTC). The anticipation surrounding this vote underscores the growing intrigue surrounding cryptocurrencies and their potential role in corporate finance. The prospect of a
North Carolina is on the verge of a significant transformation in its transportation infrastructure, particularly regarding the Interstate 77 corridor in Charlotte. The decision to pursue a public-private partnership (P3) for a project that involves adding toll lanes has sparked discussions throughout the state and beyond. This article delves into what this means for North
Buying a home is a monumental milestone that represents more than just a physical dwelling; it signifies a pivotal financial investment that can shape your future. In an age where real estate markets fluctuate rapidly and financial landscapes change, understanding the intricacies of home buying is more crucial than ever. Let’s dive into the steps
In recent years, the world of philanthropy has experienced a significant transformation, especially among younger generations such as millennials and Gen Z. According to an insightful study conducted by Bank of America Private Bank, affluent individuals under the age of 43 are not just redefining charitable giving; they are actively reimagining what it means to
The financial outlook for Houston recently took a turn for the worse, as Fitch Ratings downgraded the city’s AA rating from stable to negative. This decision follows a similar move by S&P Global Ratings, which had also adjusted its outlook just two months prior. The implications of these changes are significant, raising questions about the
As people approach retirement, many cling to the notion that owning a home significantly bolsters their financial security in their golden years. However, a growing body of expert opinion suggests that this belief may be overly optimistic, pointing to the complexities and liabilities that often accompany homeownership. While the sentiment around home equity is strong—with
Chicago’s latest budget forecast paints a grim picture of the city’s financial future. The corporate fund deficit is projected to skyrocket to $982.4 million by 2025, a significant increase from $222.9 million at the end of 2024. This steep rise in deficit raises concerns about the city’s ability to maintain its financial stability in the
The North Texas Tollway Authority is embarking on a significant bond sale worth $1.126 billion, with the aim of seeking savings through bond refundings and tenders. This huge deal is set to be executed in two series, with $446.14 million of first tier revenue bonds designated to fund a tender offer for taxable bonds sold