As the political landscape begins to heat up ahead of the next presidential election, municipal bond advocates are preparing for a potentially tumultuous battle over tax policy. With Vice President Kamala Harris as a leading candidate for the Democratic nomination, Republican lawmakers are already laying the groundwork for a campaign aimed at discrediting her proposed
In a remarkable week for the stock market, major indices closed with significant gains, marking a notable fifth consecutive week of upward momentum. The S&P 500 even set a new record, underscoring investor confidence. Amid this promising performance, the financial sector began to take center stage as heavyweights like JPMorgan Chase and Wells Fargo released
In recent trading sessions, Asian currencies have exhibited a slight strengthening against a backdrop of fluctuating U.S. economic indicators and shifting monetary policies. As the world’s most powerful currency, the U.S. dollar has experienced a decline from its near two-month highs, primarily propelled by the latest consumer inflation data that has implications for the Federal
Shiba Inu (SHIB) has recently recorded a remarkable surge in transaction volume, with a staggering 4.1 trillion SHIB traded in large transactions over the course of just one day. This level of activity almost marks a seven-day high, suggesting that significant interest from large holders, or “whales,” is noticeably increasing. Such behavior raises questions about
Recently, Cook County, Illinois, unveiled a comprehensive executive budget recommendation totaling $9.89 billion for the upcoming fiscal year. This substantial budget marks a strategic effort by county officials to balance fiscal responsibility with necessary investments in public services, all while assuring constituents of no new taxes or layoffs. Cook County Board President Toni Preckwinkle emphasized
In a notable shift in investment strategy, Warren Buffett’s Berkshire Hathaway has decreased its shareholding in Bank of America (BofA) to below 10%. This decision, unveiled in a recent filing with the U.S. Securities and Exchange Commission (SEC), follows a wave of share sales that commenced in mid-July. Specifically, Buffett’s firm sold over 9.5 million
In the realm of educational financing, the launch of the Equitable School Revolving Fund LLC (ESRF) signifies a pivotal shift aimed at supporting charter schools across the United States. This initiative, which is on track to introduce $300 million in A-rated social bonds to the market, is poised to reshape how educational institutions access vital
As the landscape of philanthropy undergoes significant transformation, the rising generations of wealthy individuals—namely millennials and Gen Z—are leading a paradigm shift characterized by active participation rather than passive financial contribution. A recent study by Bank of America Private Bank, targeting affluent individuals under 43, illuminates this trend, revealing that their approach to charitable endeavors
The recent surge in mortgage interest rates is sending shockwaves through the housing market, resulting in a notable decline in demand from both prospective homebuyers and existing homeowners. According to data from the Mortgage Bankers Association (MBA), total mortgage application volume experienced a 5.1% decrease compared to the previous week. This downward trend highlights the
The U.S. District Court for the District of Columbia has delivered a crucial judgment regarding the infamous 2016 Bitcoin heist, determining that the cryptocurrency exchange Bitfinex is likely the only entity entitled to restitution from the 119,754 BTC that were stolen during the unlawful breach. This decision comes on the heels of guilty pleas from