Supporters of a national infrastructure bank have been advocating for the establishment of one, with a bill by Rep. Danny Davis, D-Ill., that would set it up. The pitch for this idea was made to numerous delegates and politicians at the Democratic National Convention, aiming to capitalize on the increasing momentum for the issue. During
One of the main challenges faced by Polkadot in the past has been its struggle to build an active user base for decentralized applications (dApps). This has put it behind other platforms such as Ethereum, Solana, and Avalanche. The complex ecosystem of Polkadot has made it difficult for developers to get started. Understanding its Layer
The recent decline in mortgage rates for the fourth consecutive week did not generate much excitement among current homeowners or potential homebuyers. Despite the decrease in average contract interest rates for 30-year fixed-rate mortgages, the Mortgage Bankers Association reported only a marginal 0.5% increase in total mortgage application volume. This lackluster response raises questions about
Nvidia (NVDA) has been a key player in the AI-driven market rally in recent months, thanks to its dominant position in providing GPUs for AI computations. The market has been closely watching the company’s performance, especially in terms of revenue generation from these investments. The upcoming earnings report is expected to shed light on the
The dollar has been struggling against a basket of peers, hovering near its lowest level in more than a year. The focus of the market is primarily on the anticipated U.S. interest rate cut next month. With Sterling trading close to multi-year highs, the market sentiment seems to be cautious yet optimistic. Cryptocurrency bitcoin witnessed
As the market continues its recovery from a steep sell-off in early August, some stocks are standing out as potential winners. The S & P 500, Dow Jones Industrial Average, and Nasdaq Composite have all bounced back from their losses, with the S & P 500 up roughly 2% in August. It is worth considering
The recent data released on the S&P CoreLogic Case-Shiller U.S. National Home Price Index revealed that home prices have reached their highest level ever, despite the fact that mortgage interest rates have been on the rise. The three-month running average ended in June showing that prices nationally were 5.4% higher than they were in June
The municipal market saw a narrow mix on Tuesday, influenced by rising U.S. Treasury yields and a slightly higher equities market towards the close of the day. While the two-year muni-to-Treasury ratio stood at 63%, there was a slight variation in ratios for different maturities as per Refinitiv Municipal Market Data. This data was further
The negotiations surrounding the transfer of ownership of the RFK stadium site from the federal government to the District of Columbia have hit a roadblock, with major players expressing concerns over the current political climate. Josh Harris, managing partner of the Washington Commanders, highlighted that the focus on the upcoming election has shifted attention away
Bitcoin’s price took a hit on Tuesday, dropping 1.4% to $3,106.6 as geopolitical tensions escalated around the globe. The decline in Bitcoin’s price mirrored losses in stock markets, highlighting the interconnectedness of various asset classes. The imposition of trade tariffs by Canada on China, along with similar actions by Europe and the U.S., raised fears