The dollar rallied on Thursday following a previous day’s fall due to central banks’ actions affecting currency markets. The dollar index, which tracks the currency against six others, rose by 0.35% to 104.40. Amid concerns about a slowing global economy and geopolitical tensions, investors turned to the dollar as a safe haven asset, despite the
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The Louisiana Public Facilities Authority is set to price $1.33 billion in toll bonds next week, as part of a public-private partnership aimed at replacing the Calcasieu River Bridge. The bonds, rated Baa3, will be backed by toll revenues. The project, managed by JPMorgan and Wells Fargo, is structured as a design-build-finance-operate-maintain and will involve
Recent late-stage trial data released by Eli Lilly showed promising benefits of their weight loss drug Zepbound in patients with a common type of heart failure and obesity. This new information is significant as it suggests that Zepbound, along with other GLP-1 drugs, may have additional health benefits beyond weight loss and blood sugar regulation.
Moderna, a leading biotech company, recently reported second-quarter revenue that exceeded expectations. However, they had to lower their full-year sales guidance due to various challenges in the market. One of the main reasons cited for the reduction in revenue projections was the lower expected sales in Europe. This, coupled with a “competitive environment” for respiratory
As we head into the second half of the year, Bank of America warns investors about the potential pain trade related to the reversal in Big Tech stocks. The first half of the year saw a significant surge in mega-cap technology stocks, with CNBC’s Magnificent 7 index gaining over 36% from January to June. However,
The month of July witnessed a notable surge in municipal issuance, which reached $33.935 billion across 576 issues. This represents a substantial increase of 21.2% compared to the previous year’s figures. The continuous rise in issuance volumes over the past seven months has been attributed to various factors, including pre-election front-loading, a conducive rate environment,
As the implementation of the Bipartisan Infrastructure Law (BIL) unfolds, it is evident that the process of rebuilding America’s roads and bridges is being impeded by regulations and red tape. Despite the good intentions behind these rules, they have inadvertently slowed down the pace of infrastructure improvements. The complexity of the Build America, Buy America
During a recent political event in Atlanta, Vice President Kamala Harris declared that building up the middle class would be a significant focus during her presidency. She emphasized the essential role of a strong middle class in ensuring the overall strength of the nation. Harris highlighted the importance of providing relief to families facing the
Following Microsoft’s recent earnings report, Wall Street analysts have expressed confidence in the technology giant despite a post-earnings pullback. Although Microsoft experienced a 1% dip in its stock price due to disappointing cloud revenue in the fiscal fourth quarter, analysts view this as a potential buying opportunity for investors. The Intelligent Cloud segment of the
Ford Motor has recently introduced the 2025 Ford Maverick, a small pickup truck that has been redesigned to include more advanced technology, new performance options, and hybrid models. This updated version of the Maverick boasts a range of new features, including refreshed exterior and interior styling, a 13.2-inch center touchscreen, and connectivity features such as