The recent special session of the Colorado Legislature concluded with the passing of House Bill 1001, aimed at addressing property tax cut initiatives that were creating concerns in the state’s municipal bond market. This bill was a result of a negotiated deal with the backers of Initiatives 50 and 108, who agreed to withdraw their
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In recent years, there has been a noticeable shift in consumer preferences when it comes to athletic footwear. According to a report by Stifel Financial, young consumers are increasingly turning to brands like New Balance and Adidas Sambas, rather than sticking with the traditional Nike offerings. While Nike still holds the top spot with its
Best Buy, a leading consumer electronics retailer, recently announced its fiscal-year profit guidance after surpassing both earnings and revenue expectations for the previous quarter. The company reported a net income of $291 million, or $1.34 per share, which exceeded Wall Street estimates. Despite a drop in net sales to $9.29 billion from $9.58 billion the
The U.S. dollar showed signs of recovery on Thursday, following recent lows, as investors anticipated a series of crucial economic data releases. The Dollar Index, which compares the greenback against a basket of other currencies, edged 0.2% higher to 101.182 after hitting a 13-month low earlier in the week. Despite concerns about trade tensions between
In recent days, Bitcoin’s price has remained relatively stable after experiencing significant declines. The movement of nearly $2 billion tokens between wallets on a major crypto exchange caused concern among traders, leading to a sharp drop in Bitcoin’s value. Despite wild price swings in recent sessions, Bitcoin has struggled to break out of a trading
The municipal bond market has experienced a period of stability as the largest deals of the week were finalized, and the Investment Company Institute reported more than $1 billion of inflows into municipal bond mutual funds. U.S. Treasuries remained relatively unchanged, with yields fluctuating slightly throughout the day. The two-year muni-to-Treasury ratio was at 63%,
Ford Motor Company is the latest organization to reconsider its commitments to diversity, equity, and inclusion initiatives. The company has stated that it has undergone a comprehensive review of its DEI policies and practices, taking into consideration the changing external and legal landscape related to political and social issues. In an internal communication, Ford shared
Nvidia (NVDA) has been a key player in the AI-driven market rally, thanks to its dominance in GPUs essential for AI computation. However, as the market becomes more cautious about the high capital expenditures needed to sustain this growth, investors are looking for clearer signs of when these investments will result in significant revenue. With
The idea of a national infrastructure bank was pitched to delegates and other political figures at the Democratic National Convention by supporters who believe in its potential to address the nation’s growing infrastructure needs. The National Infrastructure Bank Coalition made efforts to raise awareness about the bill proposed by Rep. Danny Davis, D-Illinois, and emphasized
The recent decline in mortgage rates for the fourth consecutive week did not seem to have a significant impact on both current homeowners and homebuyers. According to the Mortgage Bankers Association, there was only a slight increase of 0.5% in total mortgage application volume compared to the previous week. This lackluster response suggests that despite