Rep. Steven Horsford of Nevada is anticipated to take the vacant seat on the Ways and Means committee after the passing of Rep. Bill Pascrell. As a former member of the Ways and Means Committee, Horsford brings valuable experience to the table, having served two terms from 2019 – 2023. His knowledge of public finance
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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
Amidst expectations of interest rate cuts by the Federal Reserve in September, dividend-paying stocks are gaining attention as potential outperformers. This is especially true as the dividend yields from such stocks are poised to become more attractive compared to other income-generating assets like bonds. With a plethora of companies offering dividends, choosing the right stocks
The recent tumble of PDD’s stock price by nearly 30% due to disappointing quarterly results highlights a significant slowdown in China’s consumer market. This decline serves as a stark reminder that the era of double-digit growth in Chinese consumer spending may be coming to an end. While PDD’s revenue and profit showed impressive growth, the
GE Aerospace is positioned to thrive in the face of ongoing manufacturing challenges at Boeing, as stated by Artisan Partners’ Chris Smith. The introduction of their new leap engine has effectively established a monopoly for GE, with the engine expected to power a majority of new narrow-body planes in the coming years. This dominance could
The landscape of consumer behavior is evolving, with more Americans opting to rent rather than own their possessions. According to a report by Intuit Credit Karma, affordability is a key driver behind this shift, leading individuals to rent everything from cars and apartments to clothing and furniture. The rental industry has expanded significantly in recent
The landscape of cannabis consumption is evolving rapidly, especially in New York City. The legalization of adult-use marijuana in the state has paved the way for a thriving market, with licensed cannabis sales surpassing $100 million last year. The luxury market is now embracing cannabis consumption, as evidenced by the presence of dispensaries on Fifth
Netflix’s recent surge to a record high in August has left analysts optimistic about the stock’s potential for even further growth. Breaking above the $700 mark, Netflix reached an intraday record of $711.33, showcasing a 44% increase in shares year to date. Despite facing intensifying competition in the streaming sector and a slowdown in consumer
Goldman Sachs analysts have identified CAE as a potential undervalued gem in the stock market. Despite facing challenges in its civil aviation and defense divisions, the stock has been unfairly punished according to analyst Noah Poponak. The company’s undervaluation is primarily attributed to the struggling defense business, leading to a significant discount compared to its
In a market that has seen its fair share of ups and downs, a handful of stocks are showing promising signs as they head into September. These stocks are displaying what investors typically view as a bullish chart pattern, signaling potential growth in the coming weeks. After a slow start to August, the stock market