In a critical turn of events this week, Kroll Bond Rating Agency (KBRA) announced that it has placed the City of Chicago’s A general obligation bond rating on a “Watch Downgrade” status. This decision coincides with the City Council’s upcoming vote on a contentious $300 million property tax increase, spearheaded by Mayor Brandon Johnson as
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In a significant move that reshapes its corporate landscape, Liberty Media announced a strategic spin-off, transferring most of its assets—except for its Formula One racing division—into a new publicly traded entity named Liberty Live. This development comes amid the resignation of CEO Greg Maffei at the end of the year, leading to the temporary appointment
In recent weeks, mortgage rates have seen a notable uptick, echoing broader concerns surrounding the economic policies of the current presidential administration. Investors have been carefully assessing the implications of a Trump presidency, leading to a cautious approach within the mortgage market. The Mortgage Bankers Association reported a marginal 0.5% increase in total application volume
The currency markets are in a bittersweet dance as the U.S. dollar recently experienced a slight retreat from a six-month high, set against a backdrop of anticipated U.S. inflation data that promises to shape monetary policies moving forward. Market dynamics are a reflection of broader uncertainties, where political changes intersect with economic indicators to influence
The evolving landscape of the stock market continuously invites varied strategies and assessments from Wall Street analysts. As investors are always on the lookout for informed guidance, the recent evaluations from prominent financial firms reveal both opportunities and warnings in the world of investing. This article aims to dissect some key calls on stocks from
On a day characterized by fluctuating performance across financial markets, municipal bonds demonstrated a unique resilience compared to their U.S. Treasury counterparts. Following significant gains resulting from post-election sentiment, the stock market took a breather, concluding the session in negative territory. This environment, however, did not significantly derail the municipal bond market. Triple-A rated municipal
The recent election marked a significant turning point in market sentiment, energizing particular sectors while pushing others into the shadows. Immediately following the election of President-elect Donald Trump, financial and energy stocks surged, feeding into the frenzy commonly referred to as the “Trump trade.” In the span of a week, the financial sector of the
The issue of congestion pricing in New York City has become increasingly contentious, especially with the political landscape shifting dramatically following the recent elections. The Metropolitan Transportation Authority (MTA) faces mounting pressure to secure funding and implement necessary infrastructure improvements, all while the potential for drastic changes in policy looms ahead with the incoming Presidential
In a rapidly evolving entertainment landscape, Netflix has embarked on a transformative journey since introducing its ad-supported subscription tier in November 2022. This strategic move was motivated by underlying pressures from stagnant subscriber growth, compelling the streaming giant to adapt its business model. Now, two years later, Netflix proudly reports that this initiative has attracted
In recent market movements, the U.S. dollar has surged to heights not seen in four months, buoyed by investor optimism concerning the upcoming Donald Trump administration. As the dollar climbs, reaching an index benchmark of 105.83, the implications ripple through global markets. With both houses of Congress under Republican control, expectations run high for significant