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
Innovation
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
Despite recent reports suggesting a scaling back of plans for Saudi Arabia’s $1.5 trillion NEOM megaproject, the kingdom’s economy minister, Faisal Al Ibrahim, has vehemently denied any such claims. In an interview with CNBC’s Dan Murphy at the World Economic Forum‘s special meeting in Riyadh, Al Ibrahim emphasized that all projects are moving full steam
The first stock favored by the Street’s top pros is Netflix (NFLX). The streaming giant recently reported better-than-expected results for the first quarter of 2024. Despite the positive earnings report, investors were disappointed with the company’s decision to stop reporting quarterly subscriber numbers. Netflix emphasized a shift in focus towards revenue and operating margin metrics.
The American economy is facing significant challenges as the Federal Reserve continues to raise interest rates, leading to fears of slower growth and inflation. However, Jose Rasco, chief investment officer of the Americas at HSBC’s wealth division, believes that certain key drivers will help sustain economic growth. One such driver is technology deflation. While advancements
In a recent announcement from Helsinki, Finland, it was revealed that THENA has launched a new upgrade to ALPHA, their intent-based decentralized derivatives exchange. This upgrade is powered by a combination of IntentX, Orbs, and SYMMIO, and is now live on the BNB Smart Chain. One of the major improvements introduced with this upgrade is
The world of hedge fund investing has seen a significant shift in focus with the rise of artificial intelligence (AI). Ivana Delevska, a veteran in the industry, recognized the potential of AI early on and leveraged her experience at top firms to launch her own fund in August 2021. Delevska’s expertise in the industrial sector
As of now, it seems that municipal bonds for water infrastructure may not be as necessary as they once were. Data from 2023 shows that bond issuance for water and sewer purposes has actually declined, despite the ongoing need for improvements in this sector. This decline could be attributed to the availability of federal grants
Alphabet’s latest quarterly release has brought a sense of relief to analysts and investors, as the company’s performance in the first quarter exceeded both earnings and revenue expectations. This positive outcome has alleviated concerns regarding the state of artificial intelligence and the overall tech sector following a recent sell-off. Analysts from major firms, including UBS
The recent approval by the Food and Drug Administration of Pfizer’s gene therapy for a rare genetic bleeding disorder, specifically hemophilia B, marks a significant milestone in the field of healthcare and pharmaceuticals. This groundbreaking treatment, marketed as Beqvez, is poised to revolutionize the way individuals with moderate to severe hemophilia B manage their condition.