Affordable housing has long been a topic of discussion in the United States, especially when it comes to economic growth and opportunity. Vice President Kamala Harris recently outlined a plan that focuses on making owning and renting homes more affordable in the country. Harris emphasized the need to increase the supply of housing units by
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Federal Reserve Board Gov. Michelle Bowman recently expressed her hesitancy to support an interest rate cut at the upcoming Federal Open Market Committee meeting. In her speech to the Alaska Bankers Association, Bowman highlighted her concerns about the persistent high levels of price growth, indicating that she remains cautious about the potential resurgence of inflation.
Lowe’s recently announced a cut in its full-year forecast, citing a decline in quarterly sales and anticipating weakened spending on DIY projects. The company revised its total sales projection to be between $82.7 billion to $83.2 billion, down from the previous expectation of $84 billion to $85 billion. Comparable sales are now expected to decrease
Analysts at Wells Fargo have named Eli Lilly as a top pick within the biotechnology sector, emphasizing the company’s improved supply and positive outlook on key drug trials. Despite a significant surge in stock price in the current year, Wells Fargo believes that Eli Lilly still has substantial growth potential ahead. With an overweight rating
New York City is gearing up for its latest bond issuance, with a hefty $1.8 billion being made available for investors. This sizable offering is part of a larger $12 billion new-issue calendar for the week. The deal consists of two series – $1.5 billion of tax-exempt general obligation (GOs) bonds and $300 million of
The current economic landscape has led to significant movements in the global currency markets, with the dollar facing pressure as expectations rise for interest rate cuts by the U.S. Federal Reserve. This has left the dollar hovering near a seven-month low, prompting traders to closely monitor Federal Reserve Chair Jerome Powell’s upcoming speech for potential
PEXX, a fintech startup specialising in stablecoin cross-border payments, recently made waves in the industry with its acquisition of Singapore-based blockchain media platform, Chain Debrief. This strategic move came hot on the heels of PEXX’s successful raise of $4.5 million led by TNB Aura and ANTLER. The acquisition of Chain Debrief represents a major milestone
United Auto Workers President Shawn Fain’s recent video accusing Stellantis CEO Carlos Tavares of price gouging consumers and failing to uphold parts of the union’s labor contract with the automaker has caused quite a stir in the automotive industry. While it is not uncommon for labor unions and corporate executives to clash over issues such
Colorado Governor Jared Polis has called for a special legislative session on August 26 to address further property tax cuts. This action comes in response to proposed ballot initiatives that could have a significant negative impact on public financing, education, and local government funding in the state. Governor Polis emphasized the importance of taking action,
Japan’s yen has been a subject of intense speculation and intervention by its authorities in recent years. The cat-and-mouse game between speculators and Japan’s government has resulted in significant volatility in the currency markets. While the Bank of Japan has intervened periodically to prop up the yen, the recent lifting of interest rates has shifted