Denver voters will have the opportunity to consider a sales tax increase on the upcoming Nov. 5 ballot. This measure, proposed by Mayor Mike Johnston, aims to raise approximately $100 million annually to address the affordable housing crisis in the city. The city council voted 9-4 in favor of the 0.5% tax hike, emphasizing the
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Lowe’s, the home improvement retailer, recently announced a cut in its full-year forecast due to a decline in quarterly sales. The company now expects lower total sales and a decrease in comparable sales. This change in forecast is driven by weaker spending on do-it-yourself projects, according to Lowe’s. The company now anticipates adjusted earnings per
The underwriting spreads for all bonds have skyrocketed in the first half of 2024, exceeding $7 for the first time in 25 years. The data provided by LSEG indicates a significant increase in underwriting spreads from $3.70 in the first half of 2023 to $7.11 in the first half of 2024. This surge has been
The recent U.S. Treasury market selloff had a significant impact on the municipal bond market. However, despite the pressure felt by municipals, they outperformed their taxable counterparts. This can be attributed to better economic data, which led investors to shift towards equities in a risk-on trade. As a result, Triple-A yields rose slightly, varying between
The recent ruling by Judge Stephen Bough in the U.S. District Court for the Western District of Missouri has sparked controversy by striking down Missouri’s investment rules that aimed to regulate “non-financial” investment advice from broker-dealers and investment advisors. The rules required broker-dealers and investment advisors to disclose and obtain written consent from customers when
The construction boom in the U.S. has had a significant impact on the rental market, resulting in lower rents and other benefits for renters. The record levels of construction activity following the pandemic have led to an increase in the supply of empty units, making more inventory available for potential renters. In fact, more multifamily
With the announcement of the major party tickets, voters are paying close attention to the personal finance policies proposed by the candidates. Vice President Kamala Harris has teamed up with Minnesota Gov. Tim Walz, while former President Donald Trump has selected Sen. JD Vance of Ohio as his running mate. Both pairs are engaging in
Restaurant CEOs are constantly facing the pressure of explaining to investors why their sales are not meeting expectations. In recent times, the word “value” has become a focal point in these discussions, highlighting the industry‘s biggest concern. The current economic climate has seen a significant increase in food prices away from home, leading to a
In the midst of economic uncertainty and market volatility, dividend-paying stocks have emerged as a safe haven for investors looking to navigate the turbulent waters of the U.S. stock market. These stocks not only provide a steady stream of income but also offer a degree of stability that can help investors weather market fluctuations. One
With the Federal Reserve considering a rate cut in September, individuals who have been enjoying high yields on cash instruments are at risk of seeing their income decrease. This potential rate cut has prompted investors to explore alternative investment options to maintain profitability amidst falling rates. One strategy to combat declining cash yields is to