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
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