Recent developments in the digital asset industry have caught the attention of analysts at JMP Securities. They believe that political tides are shifting in favor of digital assets, potentially serving as a significant catalyst for companies like Coinbase. Despite some reservations about the extent of this shift, analysts note positive momentum building around bipartisanship, particularly
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The recent trends in public-private partnership (P3) activity in the United States have been unsettling, with a noticeable decline in such partnerships last year. Despite this setback, the longtime trajectory of a growing number of P3s remains intact, indicating a promising future with a robust project pipeline and infrastructure funds seeking investment opportunities. The southeastern
Lowe’s, a well-known home improvement retailer, recently released its quarterly earnings report, surpassing Wall Street’s expectations for both earnings and revenue. Despite a decrease in sales and a shift in customer purchasing habits towards lower-priced items, Lowe’s managed to outperform its rival, Home Depot. This indicates a potential resilience in the face of market challenges,
After a prolonged back-and-forth, the state of Virginia has finally reached a resolution on its budget approval process. The two-year, $188 billion budget was officially approved after a special session in the General Assembly, with the House of Delegates voting 94-6 and the Senate voting 39-1 in favor of the measure. This approval was made
In the world of media presentations, sports took center stage last year as media giants sought to attract advertisers during the Upfronts meeting week. With the backdrop of a looming Hollywood strike and cost-cutting measures impacting content production, companies turned to live sports as a reliable source of viewership and advertising revenue. The aftermath of
Virginia Beach recently entered the municipal bond market to secure funding for a surf park development project supported by Pharrell Williams. The Virginia Beach Development Authority successfully priced approximately $189 million in debt, with the bond proceeds going towards the construction of various facilities for the Atlantic Park project. This includes a 3,500-person entertainment venue,
The recent exit of unprofitable bitcoin miners from the network following the halving has come as a relief to those who remain. This exodus has made it less expensive to produce a single bitcoin. However, the profitability of miners heavily depends on the price of bitcoin, which is currently facing various near-term challenges. According to
Under Armour, the athletic apparel retailer, has been facing some major challenges with a significant drop in sales in its largest market, North America. Sales plummeted by 10%, leading to a prediction of even worse trends in the current fiscal year. Additionally, the company witnessed a staggering decline in profits, with a more than 96%
Netflix, the streaming giant, has recently announced that its cheaper, ad-supported tier has seen a massive growth, amassing 40 million global monthly active users. This figure is almost double the 23 million users the company had shared earlier this year. The company’s decision to enter the ad-supported market marks a significant shift in its revenue
The House Committee on Transportation and Infrastructure is facing uncertainty regarding how much the federal government can contribute to the reconstruction of the Francis Scott Key Bridge, originally financed by bonds. Following the collapse of the bridge, President Biden expressed his intention for the federal government to cover the entire cost of the reconstruction. This