NASA and Boeing recently announced that the first Starliner crewed flight, known as “Calypso”, will be staying longer at the International Space Station for further testing on the ground. This decision comes as the team conducts a test campaign of the spacecraft’s thruster technology at White Sands, New Mexico. Initially planned for a nine-day mission
In a groundbreaking move, ApeChain, developed on behalf of the ApeCoin DAO, has integrated zkVerify, a zero-knowledge proof verification protocol created by Horizen Labs. This integration, set on ApeChain’s Jenkins Testnet, aims to elevate the efficiency and cost-effectiveness of zero-knowledge proof verification for Web3 games, particularly on the highly anticipated Arbitrum Orbit Chain. While zero-knowledge
As the month came to a close in 2024, the municipal market appeared relatively calm, with minimal activity ahead of the Fourth of July holiday-shortened week. Despite a new-issue slate totaling a modest $240 million, there were significant developments to observe on the sidelines. Munis demonstrated resilience compared to U.S. Treasuries, holding steady while government
As we approach the end of the first half of 2024, it is clear that the stock market has seen significant gains. All three major indexes are poised to finish the first half with positive returns, driven by the ongoing artificial intelligence boom. The S & P 500 has surged by 15%, the Dow Jones
The recent announcements from Nike have left Wall Street in a state of shock and uncertainty. After a lackluster fiscal year and a disappointing quarterly report, Nike CEO John Donahoe is facing criticism and doubt about his leadership. The company’s projected sales decline of 10% for the current quarter is far worse than anticipated, causing
California is currently facing tax revenue shortfalls that are putting pressure on the state’s policy agenda under the leadership of Governor Gavin Newsom. In a recent State of the State speech, Newsom focused more on national politics rather than addressing the challenges within the state. The agreement reached on the budget and the $297.7 billion
Asian markets experienced a period of uncertainty on Friday as most Asian currencies struggled to break out of a tight range. The strength of the dollar, hovering near two-month highs, was a key factor influencing the currency markets. This strength in the dollar led to the weakening of the Japanese yen beyond levels that were
The municipal bond market saw minimal movement on Thursday, with the final large deals pricing and mutual funds experiencing outflows. U.S. Treasury yields decreased, while equities showed an uptick towards the end of the day. The ratios between municipal bonds and Treasury securities varied across different timeframes, highlighting the uncertainty in the market. Municipal bond
The House Committee on Transportation and Infrastructure, chaired by Rep. Sam Graves, has raised concerns about the sluggish pace at which the Department of Transportation is distributing funds allocated under the Infrastructure Investment and Jobs Act (IIJA). Despite receiving over $364 billion since the enactment of IIJA, the DOT has only obligated a little over
The financial industry is presenting positive signs of a potential comeback in Wall Street deals, as highlighted by Morgan Stanley analyst Andrei Stadnik. Completed mergers and acquisitions have seen a notable increase of 16% in the second quarter compared to the same period last year. This rise indicates a favorable landscape for asset managers, banks,