In 2025, state and local pension funds found themselves teetering on a precipice, with losses mounting to nearly a quarter of a trillion dollars—a staggering figure that should send shivers down the spine of policymakers and taxpayers alike. The reason? The intertwining of public equities and trade policies, particularly following the Trump administration’s controversial tariff
Mortgage rates are undergoing a sharp increase this week, and it’s imperative to understand the chain reaction this trend ignites. The primary culprit? Investors are offloading U.S. Treasury bonds at an alarming rate. There’s a clear correlation between mortgage rates and the yield on the 10-year Treasury; as one rises, the other inevitably follows. Beyond
The recent announcement surrounding the $125 million bond issuance to finance an ambitious bus rapid transit project in Indianapolis evokes both optimism and caution. While on the surface it appears as a bold step towards enhancing public transit, deeper scrutiny reveals a more nuanced and troubling financial situation as municipal market dynamics shift. IndyGo, representing
Delta Air Lines has recently unveiled a critically alarming forecast that highlights a significant decline in consumer confidence, attributed largely to the shifting winds of President Trump’s trade policies. What was once a projected expansion in flight capacities for the latter half of the year has now been retracted, showcasing a substantial shift in strategy
The financial landscape of Washington, D.C., is teetering on the edge of a precipice, largely due to the recent legislative developments in Congress. The continuing resolution (CR) that passed through the House is a glaring signal of trouble, placing a shadow over the District’s fiscal stability. Missing from this vital CR is the language that
In an alarming turn of events this week, mortgage rates ascended to heights not witnessed in over a month, leaving many prospective homebuyers disheartened. The average rate for a 30-year fixed mortgage surged by a total of 25 basis points, crescendoing at a staggering 6.85%. This abrupt spike not only negates a prior improvement but
Walgreens has recently announced its fiscal second-quarter earnings, presenting a rather mixed bag that both excites investors and raises eyebrows among industry watchers. The numbers showed that revenue outperformed Wall Street’s expectations, coming in at $38.59 billion—an increase of 4.1% from the previous year. However, a deeper analysis reveals that Walgreens is grappling with an
In the tumultuous environment of the semiconductor industry, Advanced Micro Devices (AMD) stands at a crossroads. Recent downgrades by analysts signal troubling trends that may put AMD in a precarious position compared to its competitors. KeyBanc’s John Vinh has released a concerning evaluation, downgrading AMD to a state of “sector weight.” While Intel and Nvidia
In a bold financial move, Colorado’s Statewide Bridge and Tunnel Enterprise (BTE) plans to issue $212.45 million in revenue bonds, as it navigates a precarious landscape marked by litigation and fiscal uncertainty. These bonds, backed by upgraded underlying ratings since their last issuance, are not just a simple fundraising strategy; they symbolize a critical effort
The financial markets are currently experiencing one of their more tumultuous periods, exacerbated by tariff-related discussions that have triggered anxiety among investors. The recent actions taken by the Trump administration have left the S&P 500 reeling, with a staggering 10% drop over the span of just two trading days. The dreaded bear market has infiltrated