The municipal market appeared to be stagnant on Tuesday, with U.S. Treasuries showing firmness and equities exhibiting a mix of performance towards the end of the trading session. Despite this, muni yields remained consistent with levels observed at the beginning of the summer last year. Experts like Tom Kozlik of HilltopSecurities predict that yields could
The groundbreaking drug Leqembi has shown promising results in slowing the progression of Alzheimer’s disease in patients over a period of three years. The need for long-term treatment has been highlighted by new data released by Japanese drugmaker Eisai. However, the study’s findings raise questions about the potential risks and benefits of sustained use of
The city of Gary, Indiana, is embarking on an ambitious revitalization effort that involves bond financing for several key projects. One of these projects includes the redevelopment of the Gary Metro Center station, as well as the construction of a convention center in Lake County. The partnership with Notre Dame’s School of Architecture through its
Cryptocurrency exchange Bybit is gearing up to host a livestream event that will delve into the exciting world of Web3 innovations. The event, titled “Blinks, AI, Ignition: Bridging Web3 and Web2,” will bring together Web3 experts to discuss the integration of blockchain technology into traditional digital environments such as social media platforms like Facebook and
Recent data indicates a slight improvement in home affordability for buyers over the summer months. The median new mortgage payment has decreased by 2.4% in June compared to May, which is a positive sign for potential homebuyers. This improvement is attributed to declining mortgage rates and a slight decrease in the median loan amount on
Spirit Airlines, a Florida-based carrier known for its budget air travel options in the U.S., is making a significant shift in its business model. In light of recent challenges such as a blocked takeover by JetBlue, engine recalls, and intense competition in the domestic market, the airline is introducing new packages for its highest-priced tickets.
The Farnborough Airshow, one of the biggest events in the aerospace industry, took place this year with a notable absence of massive airplane orders. This shift in focus from huge orders to production struggles at Boeing and Airbus highlights the challenges faced by the industry in ramping up airplane production post-pandemic. The issues, ranging from
Japan’s new top currency diplomat, Atsushi Mimura, has stated that the country will maintain its basic approach on the yen, with intervention as an option to address excessively volatile movements in the exchange rate. Mimura emphasized the importance of abiding by internationally agreed commitments that exchange rates should be determined by markets, while also acknowledging
The Bitcoin 2024 event in Nashville, Tennessee, marked a significant turning point for the cryptocurrency world. With over 20,000 attendees, including prominent figures like former U.S. President Donald J. Trump and Senator Cynthia Lummis, the event showcased unprecedented support for Bitcoin and the mining industry from various U.S. politicians. Trump’s speech, in particular, stood out
The fiscal 2025 budget in California addressed the revenue gap that emerged in fiscal 2024, which led to further adjustments to achieve fiscal balance in the following years. The Fitch Ratings commentary highlighted the necessity for additional actions to align spending with the lower revenue trajectory. Despite the challenges faced, the budget allowed California to