Maryland recently faced a setback as Moody’s changed its outlook on the state’s credit rating to negative from stable. This decision was primarily driven by the depletion of the state’s general fund surplus, which raised concerns about future structural imbalances. Despite affirming the state’s issuer and general obligation bond ratings at Aaa, Moody’s pointed out
Opportunities
Oregon economists recently released their June forecast, predicting a 50-50 chance that residents of the state will receive a kicker tax credit in 2026. This credit is triggered when personal income taxes come in at least 2% higher than initial forecasts. The quarterly Oregon Economic and Revenue Forecast reported that collections on April personal income
In the midst of recent market sell-offs, the S & P 500, Nasdaq Composite, and the Dow Jones Industrial Average have all been facing losses. This break in the winning streak represents a significant shift in the market landscape. Despite this downturn, there are opportunities for investors to take advantage of potential rebounds and gain
UBS recently released a list of its highest-conviction energy picks for the remainder of the year. Analyst Josh Silverstein highlighted the firm’s top buy-rated stocks in the energy and utilities sectors, including companies like Suncor Energy, Coterra Energy, SLB, NextEra Energy, and First Solar. These picks are based on the current market trends and potential
The Metropolitan Washington Airports Authority is gearing up to bring $829.4 million of airport system revenue and refunding bonds to the market. This strategic move comes as part of their yearly plan to either take advantage of refunding opportunities or meet new money requirements. Senior Vice President for Finance and CFO, Andrew Rountree, highlighted that
The meme stock rally may have fizzled out, but GameStop has once again captured the attention of short sellers. As of mid-May, GameStop emerged as a favorite among short sellers, with short interest surging by 6% to more than 68 million shares, representing over 25% of its float. This resurgence came on the heels of
The dollar saw an increase in value as the Federal Reserve is anticipated to postpone rate cuts until later this year due to heightened expectations. This comes ahead of crucial inflation data to be released, which will have a significant impact on the market. The yen, on the other hand, weakened to its lowest point
In recent news, Multipool, a key player in the blockchain and cryptocurrency industry, has successfully concluded its Fjord Foundry LBP by selling out all 5 million tokens. This accomplishment has paved the way for the launch of Multipool’s native token, $MUL, on Uniswap V3 with an impressive market cap of $13M. Steven Murray, a Core
The use of GLP-1 medications such as Ozempic has been highly promoted as a means of achieving significant weight loss. However, the reality is that many individuals who take these medications may still remain obese or overweight despite experiencing some weight loss. While losing weight can be a life-changing experience for some patients, it is
The global currency markets have been relatively stable recently, with most European and Asian currencies showing little movement. The dollar, on the other hand, has remained steady in thin trade as investors eagerly anticipate key inflation data to be released later in the week. Market holidays in the U.S. and the U.K. have also contributed