In the ongoing discussions surrounding the state and local tax (SALT) deduction cap, Rep. Nick LaLota from New York has emerged as a vocal advocate for raising this limit, a stance that resonates not just with fairness but also with a calculated understanding of the political landscape. The SALT deduction, capped at $10,000 since the
AppLovin has recently captured the spotlight in the tech industry, defying skeptics and enjoying a meteoric rise, with a staggering 700% increase in share prices over the past year. This leap has rejuvenated investor interest, particularly after a first-quarter report that exceeded expectations on both earnings and revenue fronts. However, such dramatic growth raises valid
It is a well-known fact that many Americans are drawn to tangible assets, particularly gold and real estate, believing they offer the best long-term investment opportunities. According to a recent Gallup survey, a striking 37% of surveyed U.S. adults consider real estate to be their top choice for secure investment, while 23% express a preference
Shreveport, Louisiana, a city home to approximately 178,000 residents, is treading a risky path as it prepares to issue nearly $29 million in general obligation bonds backed by questionable credit ratings. The financial landscape here is troubling, characterized by declining reserves and elevated long-term liabilities. The city has positioned itself for further borrowing, with plans
In a striking display of financial confidence, the North Carolina Local Government Commission has sanctioned an impressive $865 million in bond approvals this week, a significant maneuver that juxtaposes both the city of Charlotte and the Duke University Health System’s ambitions. While some may view this as just another financial event, the implications extend far
In a world where technological advancements dictate market trends, Alphabet’s current predicament cannot be ignored. During his appearance on CNBC’s “Halftime Report,” Ritholtz Wealth Management CEO John Brown expressed concern over Alphabet’s waning dominance against emerging competitors like AI platforms. His assessment serves as a wake-up call for investors who still cling to the notion
The Federal Open Market Committee’s decision to maintain interest rates between 4.25% and 4.5% reflects a precarious balancing act in the face of rising uncertainty in the economic landscape. While signs such as solid consumer spending and labor market resilience might suggest a more stable economy, underlying threats of inflation and potential increases in unemployment
Netflix has once again stirred the waters of digital entertainment by launching an ambitious redesign of its homepage. This overhaul, loaded with innovative features, is not just a cosmetic makeover but a direct response to the growing needs of a vast and discerning audience. With competition intensifying across the streaming landscape, this comprehensive revamp serves
In a rather bewildering twist of market dynamics, mortgage interest rates have dropped for the second consecutive week, albeit marginally. The average rate for 30-year fixed-rate mortgages slid from 6.89% to 6.84%. You might think this would be greeted with stable optimism; however, the economy’s pulse feels faint. Reports indicating a negative trajectory in GDP
The U.S. Department of Transportation (DOT) is embarking on a groundbreaking shift in its funding strategies, signaling an end to the stringent diversity, equity, and inclusion (DEI) requirements that have, for too long, muddied the waters of infrastructure projects. U.S. Transportation Secretary Sean P. Duffy has made a bold proclamation—”America is building again”—reflecting a newfound