New York City is set to offer $1.2 billion of refunding general obligation bonds, marking its first deal of the fiscal year. With the market’s appetite for Big Apple debt being closely watched, there are both challenges and opportunities that come with such a significant issuance. The city’s regular presence in the market has created
Income
Warren Buffett, also known as the Oracle of Omaha, has recently made a surprising move by downsizing one of his longest-held and largest positions – Bank of America. Berkshire Hathaway unexpectedly unloaded 52.8 million Bank of America shares worth $2.3 billion during a six-day selling spree. This marked the first time since late 2019 that
With the upcoming change in administration in 2025, traders and investors are left wondering about the impact on the markets and economy. The stark differences in policy platforms between the two parties raise concerns about the future. A hypothetical handbook titled “What to Expect When You’re Electing” could provide insights into the potential economic prospects
The automotive industry took a hit this week as major U.S. automotive stocks experienced a decline. Ford Motor, in particular, faced a significant drop of more than 17% in early trading Thursday, marking its worst decline since 2009. The company missed Wall Street’s bottom-line earnings expectations, largely due to ongoing warranty problems. General Motors and
Lamb Weston, the Idaho-based supplier of frozen potato and vegetable products, faced a major setback as it emerged as the worst-performing stock in the S & P 500 following disappointing quarterly results. The fully diluted earnings per share plummeted over 70% from the same period the previous year, triggering a massive dip in the stock
Vice President Kamala Harris has been a vocal supporter of affordable housing throughout her career, with a strong commitment to protecting homeowners and renters from unfair practices. As she prepares to potentially become the Democratic nominee for president, it is important to analyze her housing policies and how they align with those of President Joe
Ford Motor recently reported its second-quarter earnings, falling short of Wall Street’s expectations on earnings per share while exceeding revenue estimates. The automaker faced challenges due to warranty costs that have been an ongoing issue for several years. Despite beating revenue projections, Ford’s stock took a hit, dropping about 11% after the markets closed. The
Chipotle Mexican Grill reported quarterly earnings and revenue that exceeded analysts’ expectations, showcasing its ability to thrive in a challenging market environment. The company’s earnings per share of 34 cents adjusted versus the expected 32 cents, and revenue of $2.97 billion compared to the projected $2.94 billion, reflect its strong performance in the second quarter.
Coca-Cola recently announced a boost in its full-year outlook due to the increasing global demand for its beverages in the second quarter. The company now expects organic revenue growth of 9% to 10% for 2024, up from its initial forecast of 8% to 9%. Additionally, Coca-Cola raised its outlook for comparable earnings growth, projecting a
General Motors is set to lead the pack among Detroit’s traditional automakers as it prepares to report its second-quarter results. Analysts are bullish on GM, forecasting a solid adjusted profit of $2.75 per share, representing a 44.2% increase from the previous year. The company is also expected to post a revenue of $45.46 billion, marking