The shortage of Federal Highway Administration emergency relief funds has brought up a significant debate surrounding the eventual replacement of the Francis Scott Key Bridge in Baltimore. The current funding shortfall of over $3.5 billion has left many eligible projects in limbo, with a backlog of projects in 38 states and territories stemming from more
It is no secret that the high cost of living has made it increasingly difficult for young adults to achieve financial independence. A recent report from Bank of America revealed that 46% of Gen Zers between the ages of 18 and 27 rely on financial assistance from their families. This dependency on parents highlights the
Despite facing the wrath of Hurricane Beryl, Galveston Wharves is pushing forward with its $160 million revenue bond sale. The once-Category 5 storm may have caused operational interruptions, but the port is showcasing its resilience by continuing with its scheduled activities. Port director and CEO, Rodger Rees, highlighted the port’s strength by pointing out that
The Bank of Israel (BOI) is making strides towards implementing a digital shekel currency to modernize the country’s payments system and promote innovation. Deputy Governor Andrew Abir has expressed the bank’s commitment to this project, which has been in the works since 2017. However, the BOI is hesitant to launch the digital shekel ahead of
Recently, Mayor Mike Johnston of Denver proposed a plan for a sales tax hike to fund affordable housing in the city. This proposal is aimed at increasing the sales tax by 0.5% in order to generate approximately $100 million annually. This initiative comes shortly after the city council’s approval to place a 0.34% sales tax
Dora, the unified search and action engine for the multichain world, recently closed a successful $5.5 million early stage funding round. This round was co-led by Dragonfly Capital and Lemniscap, with the participation of Robot Ventures, Ethereal Ventures, Maven11, and Arche Capital, as well as notable angel investors like Rushi Manche and Dino Savonin. The
As we approach Thursday, all eyes are on the release of the June consumer price index report. This report is expected to provide insight into the future actions of the Federal Reserve regarding interest rates. Economists are predicting a 0.1% month-over-month increase in CPI for June, with a 3.1% year-over-year increase. Additionally, core CPI, which
Athletic Brewing Company, a leading nonalcoholic brewer, has recently secured an impressive $50 million in equity financing, with General Atlantic leading the round. This substantial investment is a testament to the company’s rapid growth and increasing popularity in the nonalcoholic beer market. With plans to expand its production capacity and offerings, Athletic Brewing Company is
The possibility of former President Donald Trump winning back the White House in November has investors preparing for various scenarios, with “America’s backyard” high on the list of markets to look out for. The Trump administration had terse relations with much of Latin America, including during the distribution of COVID-19 vaccines and when the U.S.
Goldman Sachs has reiterated their buy rating on shares of Alphabet and Meta, with a new price target for both stocks. The financial institution cited raised estimates and valuation multiples as the key drivers for their decision. While it’s essential for analysts to provide clear reasoning behind their recommendations, it would be beneficial for investors