Indianapolis Mayor Joe Hogsett’s recent pursuit of a Major League Soccer team for the city has cast doubt on previous plans for a new stadium development led by Ersal Ozdemir, the owner of the city’s United Soccer League team, the Indy Eleven. Despite initial concerns that Hogsett’s announcement derailed Ozdemir’s project, it was later revealed
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The municipal bond market showed signs of strength on Thursday, with firmer municipals following a robust U.S. Treasury session. Equities, however, closed with mixed results. Triple-A yields experienced a decline of one to five basis points, while USTs saw gains of seven to nine basis points. This movement led to a slight increase in muni
Houston’s city council recently approved the issuance of $650 million in general obligation judgment bonds as part of a proposed settlement with the firefighters union. The settlement aims to resolve an eight-year contract impasse and litigation that has been ongoing in Harris County District Court. Mayor John Whitmire has been a driving force behind this
In the midst of the market trading near record highs, there are troubling signs for certain stocks that are not experiencing the same level of success. While the S & P 500 and Nasdaq Composite have reached fresh record highs, indicating a positive momentum in the market, some individual stocks are facing challenges that may
Recently, there has been a significant drop in mortgage rates leading to a surge in total mortgage application volume. The Mortgage Bankers Association reported that the volume increased by nearly 16% compared to the previous week. This increase was mainly due to the decrease in the average contract interest rate for 30-year fixed-rate mortgages. However,
The price of Bitcoin experienced a significant decline on Wednesday, continuing a downtrend from the previous session. This decline can be attributed to a general lack of risk appetite among investors due to the anticipation of the Federal Reserve meeting and key inflation data. In the past 24 hours, the world’s largest cryptocurrency fell by
Most Asian currencies experienced minimal movement on Wednesday, with the dollar holding steady as traders awaited key cues on U.S. interest rates from the Federal Reserve. Sentiment in the Asian markets was dampened by concerns over renewed U.S.-China trade tensions following reports of potential stricter restrictions on chip sales to Russia, which could have repercussions
The municipal bond market showed stability on Tuesday as investors anticipated the upcoming Federal Open Market Committee meeting and Consumer Price Index report. This was accompanied by a decline in U.S. Treasury yields and mixed performance in the equity markets towards the end of trading. Vikram Rai, head of municipal markets strategy at Wells Fargo,
As the cost of buying a home continues to rise in the U.S., it is crucial to recognize that the expenses associated with keeping and maintaining a home have also increased significantly. A recent report by Bankrate.com reveals that the “hidden costs” of homeownership amount to an average of $18,118 annually, equivalent to $1,510 a
Artificial Intelligence (AI) has become a major trend in the tech industry, with many companies benefiting indirectly from the AI boom. One sector that is seeing growth due to AI advancements is cybersecurity. As AI technology continues to evolve and shift to the cloud, cybersecurity companies are experiencing a surge in demand for their products