Lawmakers and lobbyists are currently in a state of uncertainty due to the recent election, the national debt, and the key legislative achievements of the Trump administration. One particular issue that has them on edge is the possible elimination of the tax exemption for municipal bonds. This move could have significant implications for state and
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The National Association of Home Builders has reported an increase in the construction of built-for-rent single-family homes in the United States. This trend is believed to be a response to the ongoing housing affordability crisis, which has been exacerbated by rising mortgage rates and the difficulty of purchasing a home. Chief economist Robert Dietz at
The existing home sales market is facing a major crisis, with sales reaching a 30-year low. In May, sales remained stagnant, dropping by 0.7% from April to a seasonally adjusted, annualized rate of 4.11 million units. This reflects a 2.8% decrease from the same period last year. Lawrence Yun, chief economist at the National Association
Forever 21, a once prominent fast fashion player, is now facing a myriad of challenges as it struggles to keep up with competitors in an oversaturated market. With more than 380 stores in the U.S., the retailer has asked landlords for a significant reduction in rent, demonstrating the extent of its financial difficulties. Despite its
The U.S. dollar saw a rise to new highs recently, outperforming its European counterparts as the Federal Reserve hinted at a more hawkish monetary policy stance. Despite data indicating a slowdown in the U.S. economy, the Dollar Index, which measures the greenback against a basket of other currencies, remained relatively strong. The housing and labor
After carefully examining the recent analyst call by Jefferies regarding Ingersoll Rand, it is evident that there is a positive outlook on the industrial stock. Analyst Stephen Volkmann’s decision to reiterate a buy rating and raise the price target to $110 from $105 signals confidence in the company’s future performance. The acquisition of ILC Dover,
ChainwireW3GG has just announced the exciting launch of an exclusive private sale of its W3GG tokens, set to begin on July 1, 2024. This sale presents a unique opportunity for community members to purchase tokens at an initial price of $0.05 each, showcasing W3GG’s commitment to community-driven growth and rewarding early supporters. The private sale
As we delve into the current state of the municipal bond market, it is evident that there is lighter trading and steady yields being observed. With the last deals of substantial size having priced, the muni mutual funds have witnessed minor inflows. In comparison, U.S. Treasuries displayed a slight weakness, and equities were seen to
The Accelerating Deployment of Versatile, Advanced Nuclear for Clean Energy Act has recently passed in the U.S. Senate and is on its way to President Biden’s desk for signing. This legislation is expected to stimulate nuclear power production in the country, signaling a step towards a more sustainable energy future. The bipartisan nature of the
In recent times, the once-obscure chipmaker Broadcom has experienced an unprecedented rally in its stock price, propelling its market capitalization to new heights. This surge has brought Broadcom’s market cap tantalizingly close to Warren Buffett’s renowned Berkshire Hathaway conglomerate, a significant achievement for the Palo Alto-based semiconductor supplier. Key Players in the Tech Industry Broadcom’s