The Biden administration recently announced a significant change in the standards for public infrastructure built with federal emergency funds in response to the escalating climate risk. This new standard, which has been years in the making, mandates that buildings and other infrastructure constructed with Federal Emergency Management Agency (FEMA) funding must now be elevated higher
In recent developments, there seems to be a ray of hope for the thousands of Americans who have been struggling with locked funds in frozen fintech accounts. Banks involved in the aftermath of the collapse of fintech intermediary Synapse have reportedly made significant progress in piecing together account information for stranded customers. This progress could
In the fast-paced world of blockchain technology, staying ahead of the curve is essential. The recent announcement of the Dora 2.0 update brings forth a series of significant upgrades to the Dora platform. These upgrades aim to provide users with a seamless experience across multiple chains, bridging the gap between different ecosystems and offering a
Land subsidence is becoming a major issue in many U.S. cities such as New Orleans, New York City, Miami, and south San Francisco. This phenomenon has the potential to severely impact the integrity of buildings and infrastructure within these urban areas. Additionally, when combined with rising sea levels, land subsidence can significantly increase the risk
Wells Fargo recently raised its price target on AMD after the company’s acquisition in the artificial intelligence space. Analyst Aaron Rakers reiterated his overweight rating and increased the price target by $15 to $205. This move reflects a positive outlook on the stock, with the potential for an 11.4% gain. The acquisition of Silo AI,
The U.S. dollar saw a decline in early European trading as investors awaited a crucial inflation report later in the day. The Dollar Index, which tracks the greenback against a basket of major currencies, dropped by 0.2% to 104.552, reaching its lowest level since mid-June. This downward trend was further fueled by Federal Reserve Chair
Following comments from Federal Reserve Chair Jerome Powell, most Asian currencies experienced gains as the dollar weakened. Powell’s remarks regarding potential interest rate cuts by the Fed provided traders with a sense of optimism, shifting focus towards upcoming inflation data. Despite the overall positive trend in Asian currencies, the Japanese yen continued to struggle, remaining
The Federal Trade Commission is gearing up to take legal action against three major U.S. health companies for their practices as middlemen in negotiating medication prices, particularly insulin. According to a source familiar with the matter, the FTC believes that these companies are significantly inflating costs for patients. The targeted entities include UnitedHealth Group’s Optum
Bitcoin price has been on a downward trajectory recently, experiencing a 17% drop over the past month. This decline has brought the cryptocurrency to its lowest level since February 2024. While there has been a slight rebound in the last five days, this minor uptick has not been sufficient to offset the significant fall seen
Bernstein’s approach to selecting stocks involves a combination of quantitative and fundamental analyses. The firm believes that integrating these two methods can yield better results than using either method alone. While this may seem like a sound strategy, it is important to note that such an integrated approach is not foolproof. The stock market is