As the 2024 presidential election approaches, the landscape of tax policy in the United States is set for intense scrutiny and contentious debate. With Vice President Kamala Harris potentially at the forefront of the administration’s tax strategy if she wins, advocates for municipal finance (muni) find themselves preparing for a critical struggle. The Republican Coalition,
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In a week where market enthusiasm was palpable, Wall Street celebrated its fifth consecutive week of gains, setting the stage for a buoyant outlook ahead. The S&P 500 reached an impressive new high, propelled by robust performances from key players in the financial sector—JPMorgan Chase and Wells Fargo—marking an auspicious start to the third-quarter earnings
The aviation giant Boeing is navigating turbulent skies as it grapples with significant financial losses and operational challenges exacerbated by ongoing labor disputes. In an unprecedented move, the company announced it will reduce its workforce by approximately 10%, translating to around 17,000 employees. This drastic measure comes in the wake of striking machinists that have
In an era where educational institutions constantly seek innovative funding solutions, the Equitable School Revolving Fund LLC (ESRF) is making headlines with its upcoming launch of $300 million in A-rated social bonds. Set to debut next week, this initiative is a part of a larger commitment to bolster charter schools across the United States. This
Recently, Shiba Inu (SHIB) has experienced a significant uptick in large transaction volumes, with 4.1 trillion SHIB changing hands in just a day. This spike closely approaches a seven-day high, signaling that large investors, often referred to as “whales,” are becoming more active. Such behavior typically indicates a rise in interest from substantial holders in
Cook County, Illinois, recently introduced a notable executive budget recommendation totaling $9.89 billion, aiming to navigate fiscal uncertainty without imposing new taxes or initiating layoffs. The budget proposal, unveiled by Cook County Board President Toni Preckwinkle, reflects an intricate balance of revenue management, projected expenditures, and strategic adjustments to cope with shifting economic landscapes. While
In recent years, a notable shift has occurred in the realm of philanthropy, particularly among wealthy millennials and Generation Z. Rather than simply fulfilling traditional roles as donors, these younger affluent individuals are approaching charitable giving with an activist mentality. A recent survey by Bank of America Private Bank, which included over 1,000 respondents with
The recent surge in mortgage interest rates has momentously altered the housing landscape, sending ripples of decline through both homeowner refinancing and potential buyer applications. According to the latest data from the Mortgage Bankers Association, the volume of mortgage applications witnessed a notable drop of 5.1% in just a week, highlighting a significant response from
Warren Buffett’s Berkshire Hathaway, a stalwart in the investment landscape, has recently recalibrated its holdings in Bank of America (BofA), reducing its stake below the 10% threshold. This shift follows a notable selling phase that initiated in mid-July, culminating in the divestment of over 9.5 million shares in just three transactions filed with the U.S.
The Asian financial markets have recently witnessed a notable shift as regional currencies exhibit slight resilience, primarily attributed to fluctuations in the U.S. dollar. Friday’s trading session highlighted the interplay between higher consumer inflation rates and changing expectations regarding the Federal Reserve’s monetary policy. Despite a prevailing trend of losses among most currencies in the