Meta Platforms (META) has been in a stagnant state since early February, creating a sense of uncertainty in the stock market. The stock experienced a surge to all-time highs post-earnings in February, followed by a continued upward trend for two months. However, META took a downward turn in April after earnings, leading to a series
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The municipal bonds market experienced weakness on Thursday, accompanied by a rise in U.S. Treasury yields and a rally in equities. This scenario has led to increased volatility in both markets, bringing about fluctuations in triple-A yields by two to seven basis points and USTs by four to five points. Jennifer Johnston, the director of
Delta Air Lines recently disclosed that the CrowdStrike outage in the previous month cost the airline a significant amount of $550 million. This financial hit includes a $380 million loss in revenue for the current quarter, mainly due to refunding customers for canceled flights and providing compensation in the form of cash and SkyMiles. In
The recent decision by the North Carolina Local Government Commission to approve Cabarrus County’s request to sell $186 million of bonds has sparked controversy within the state. Despite a previous rejection of the county’s bond request in July, the commission reversed course and voted seven-to-one in favor of the issuance. This decision has raised concerns
Eli Lilly made headlines recently with its impressive second-quarter earnings report. The company reported earnings and revenue that exceeded expectations, leading to a significant increase in its full-year revenue outlook. This positive news caused shares of Eli Lilly to spike by more than 9% in premarket trading. The drugmaker now anticipates adjusted earnings of $16.10
One of the top news stories in the cryptocurrency world is the recent crash of Bitcoin following the collapse of the Japanese Nikkei 225 stock index. Nassim Nicholas Taleb, the author of “Black Swan” and a risk analyst, shared his views on this issue. According to Taleb, the market bloodbath can be attributed to the
Disney’s media business has been a subject of concern for investors since 2022, with streaming losses, traditional pay TV declines, and box office failures overshadowing the success of its theme parks and resorts. This negative narrative has caused Disney’s shares to fall by about 24% in the past two years, while the S&P 500 has
In the midst of economic turbulence and market sell-offs, investors are seeking out stocks that demonstrate resilience and promise. According to insights from Citi, identifying stocks that can withstand an economic shakeout while also being attractively valued is crucial in navigating the current volatile landscape. The recent downturn in major averages, fueled by concerns of
Last week, Congressional Republicans escalated the ongoing partisan battle over environmental, social, and governance (ESG) investment policies. The House Republican ESG Working Group released a report titled “The Failure of ESG: An Examination of Environmental, Social and Governance Factors in the American Boardroom and Needed Reforms.” This move signifies a significant pushback against the increasing
The Omaha City Council recently approved the placement of a $333.4 million general obligation bond referendum on the upcoming general election ballot. The funds from this bond will be allocated to various critical areas such as sewer construction and improvements, streets and parking, public safety and convention center facilities, parks and recreation, highways and bridges,