As the path towards the next presidential election becomes clearer, advocates for municipal bonds are bracing themselves for a potential clash over tax reform. Particularly if Kamala Harris rises to the presidency, the political landscape around tax policies could shift dramatically, igniting fierce debates among policymakers and advocates alike. With Congressional Republicans ramping up their
As the cryptocurrency market continues its turbulent journey, particular attention has shifted towards notable cryptocurrencies like Shiba Inu (SHIB) and Bitcoin (BTC). With recent fluctuations, large transaction volumes, and emerging technical patterns, investors are weighing their options amidst a highly dynamic environment. In this article, we will delve into the intricacies of these movements, the
On Thursday, officials from Cook County, Illinois, unveiled a comprehensive executive budget recommendation amounting to $9.89 billion. Described during a press briefing by Cook County Board President Toni Preckwinkle, this financial plan comes with significant assurances: no new taxes or layoffs are expected. The anticipated stability in the budget reflects a broader economic environment while
The mortgage landscape has recently witnessed a significant increase in interest rates, prompting immediate repercussions across the housing market. According to the Mortgage Bankers Association (MBA), mortgage application volumes have experienced a sharp decline of 5.1% compared to the previous week. This unsettling trend indicates that potential homebuyers and even homeowners looking to refinance are
In the ever-evolving landscape of charitable giving, a new generation of affluent individuals is emerging with a profound desire to enact change, going beyond traditional methods of donation. Recent survey findings from Bank of America Private Bank reveal that wealthy millennials and Generation Z individuals—those under 43—view their charitable actions through an activist lens. This
In the rapidly evolving landscape of education financing, the Equitable School Revolving Fund (ESRF) is making significant strides. Next week, the ESRF will introduce a groundbreaking $300 million offering of A-rated social bonds exclusively designed for charter schools. Led by Anand Kesavan, CEO of Equitable Facilities Fund, this initiative reflects a continued commitment to ensure
In the ever-fluctuating world of currency exchanges, recent developments have cast a spotlight on Asian currencies, revealing a nuanced landscape influenced by U.S. economic reports and local central bank decisions. Despite minor gains on a Friday, most regional currencies have experienced a rough ride in the preceding week. This article explores the implications of the
In a notable shift, Warren Buffett’s Berkshire Hathaway has trimmed its investment in Bank of America, taking its stake below the pivotal 10% mark. This decision follows a series of selling activities that commenced in mid-July. As reported in a recent SEC filing, Buffett disclosed the offloading of approximately 9.5 million shares over three discrete
The municipal bond market has recently experienced a slight decline for the fourth consecutive day, amidst a backdrop of fluctuating U.S. Treasury yields and advancing equity markets. This scenario indicates a dynamic interplay between these investment vehicles, particularly as municipal yields have seen marginal increases, specifically up to three basis points across various maturities. Concurrently,
In recent trading sessions, the U.S. dollar has displayed notable strength against other major currencies, marking a significant shift in market sentiment. As the global economy grapples with uncertainties, particularly pertaining to demand from China, this uptick in the dollar’s value reflects a complex interplay of factors influencing traders and investors alike. On Wednesday, the