Houston’s city council recently approved the issuance of $650 million in general obligation judgment bonds to help address the long-standing contract dispute with the firefighters union. This move, part of Mayor John Whitmire’s plan to end years of impasse and litigation, aims to provide lump sum payments to current and retired firefighters for overtime pay
In a market where interest rate cuts from the Federal Reserve are highly anticipated, Sallie Mae has made a bold move by increasing rates on its one-year certificates of deposit. Last week, the company raised the annual percentage yield for its 12-month CD by 10 basis points, bringing it up to 5.15%. This puts Sallie
One of the companies facing potential trouble in the market is Northrop Grumman, an aerospace and defense stock that has experienced a 9% pullback in 2024. Despite recent positive news such as being awarded a $119 million U.S. Navy contract and increasing its quarterly dividend by more than 10%, Northrop Grumman is closing in on
Recent fluctuations in mortgage rates have had a significant impact on the housing market, with rates dropping initially before jumping back up following a stronger-than-expected employment report. This volatility has left many potential homebuyers uncertain about when to make their move. The drop in mortgage rates earlier in the week led to a surge in
The recent market uncertainty has left most Asian currencies relatively stable on Wednesday. Traders are bracing themselves for upcoming cues on U.S. interest rates from the Federal Reserve and crucial inflation data. The sentiment towards Asia has been hindered by fears of renewed U.S.-China trade tensions. Reports of the White House planning stricter curbs on
Bitcoin, the world’s biggest cryptocurrency, experienced a decline of 0.8% in the past 24 hours, dropping to $67,372.3. This decrease came after a period of volatility where Bitcoin reached as high as $72,000. The fluctuation in Bitcoin’s price can be attributed to the anticipation of the Federal Reserve meeting and key inflation data. The anticipation
The news of Major League Eating parting ways with 16-time champion Joey “Jaws” Chestnut ahead of the Nathan’s Famous Fourth of July hot dog eating contest has sparked controversy. Chestnut was reportedly offered a lucrative contract by MLE to continue participating in the competition, but his decision to represent a rival brand that sells plant-based
As we approach the Federal Open Market Committee meeting and Consumer Price Index report, the municipal market remains relatively stable. Despite some fluctuations in U.S. Treasury yields and mixed performance in equities, experts like Vikram Rai from Wells Fargo are noting a downward adjustment in market expectations for Fed cuts since the beginning of the
As the Artificial Intelligence (AI) industry continues to expand and evolve, we are witnessing a shift towards cloud-based solutions. This transformation has led to a surge in demand for cybersecurity services as companies strive to protect their data and infrastructure from potential threats. The recent frenzy around AI has created a ripple effect, benefiting various
The Government Finance Officers Association’s Washington, D.C. team is gearing up for the aftermath of this fall’s national election by sowing the seeds of municipal market priorities during the summer months. With the anticipation of potential changes in Congress and even the administration, the GFOA is not shying away from its advocacy efforts. Federal liaison