The recent success of the Dormitory Authority of the State of New York (DASNY) in selling $1.2 billion of revenue bonds is a testament to the robust demand for highly rated state bonds in a calm market environment. According to DASNY spokesperson Jeffrey Gordon, last week’s bond sale was a success due to the favorable
Sales
The U.S. dollar has been experiencing some fluctuations in response to economic data releases and geopolitical events. Recent labor and manufacturing data have added to the uncertainty surrounding when the Federal Reserve might start cutting rates. This uncertainty has led to investors turning to the dollar as a safe-haven asset, especially as tensions between the
Do you find yourself wondering if you are ready to make the leap from renting to buying a home? According to recent analysis by Zillow, a significant number of renter households may have been able to purchase a home in the previous year. However, many individuals are unaware of their actual financial standing and may
The municipal market experienced little change on Wednesday, with a focus on the primary market activities that showcased a high volume of issuance from major entities such as the New York City Transitional Finance Authority and the Regents of the University of California. Additionally, the market was influenced by the performance of U.S. Treasuries and
In a recent tweet, Michael Saylor, the chairman and co-founder of MicroStrategy, boldly declared that “Bitcoin is the bridge from chaos to hope.” This statement has caught the attention of many in the crypto community, especially as Bitcoin once again reaches the $60,000 mark. Saylor’s message highlights the role of Bitcoin as a stabilizing force
Bank of America recently released a series of stock recommendations ahead of earnings season. While the firm is known for its expertise in the financial sector, some of the recommendations made raise concerns about their validity and potential pitfalls for investors. There are several key points to consider when evaluating the reliability of these recommendations.
One of the notable highlights in the recent analyst calls and Wall Street chatter was the upgrade of Spotify Technology by Jefferies. The upgrade included a shift from hold to buy, with a price target of $385, implying an upside of 26.2% from the previous close. Analyst James Heaney expressed confidence in Spotify’s potential to
Bitcoin’s price has been on a downward trajectory, dropping by 17% in the past month and hitting its lowest level since February 2024. The recent rebound of 1.33% over the last five days has not been significant enough to offset the substantial fall seen in recent weeks. Currently trading around $57,800, Bitcoin has dipped below
Denver is facing a crucial shortage of affordable housing, with both long-time residents and newcomers struggling to find suitable living arrangements. The proposal put forward by Mayor Mike Johnston aims to address this pressing issue by implementing a 0.5% sales tax increase to generate around $100 million annually. This comes on the heels of a
The cryptocurrency market experienced a slight increase in Bitcoin price, following recent losses due to concerns over a potential spike in token supply. Meanwhile, Ether saw a sharp rise fueled by speculation surrounding a spot exchange-traded fund. Bitcoin, the world’s largest cryptocurrency, had been facing significant losses over the past two weeks, hitting a four-month