The month of August was filled with ups and downs for investors, with a historic surge in volatility catching many off guard. Despite this, some investors were able to capitalize on a brief buying opportunity that presented itself. As we enter September, the S & P 500 is now less than 1% away from its
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The U.S. dollar showed some signs of strength on Friday, ending a five-week losing streak as investors awaited the release of key inflation data. The Dollar Index, which measures the greenback against a basket of major currencies, edged 0.1% higher to 101.314 at 04:00 ET (09:00 GMT). This slight uptick came after the dollar reached
The month of August has not been kind to Bitcoin, as the world’s biggest cryptocurrency experienced a steep decline in value. This decline comes at a time when there is caution over an upcoming U.S. inflation reading that is likely to impact the outlook for interest rate cuts. The price of Bitcoin fell 1% to
The recent lawsuit filed by the American Sustainable Business Council against Texas Comptroller Glenn Hegar and Attorney General Ken Paxton in federal court in Austin sheds light on the controversial nature of a 2021 Texas law targeting financial firms. This law, which penalizes banks and other financial institutions for “boycotting” the fossil fuel industry, has
The municipal bond market has been relatively stable over the past few weeks despite rising U.S. Treasury yields and mixed equity markets. Looking at the recent inflow trends into municipal bond mutual funds, it is evident that investors have been adding significant amounts of capital into these funds, indicating a growing interest in the municipal
The recently concluded special session in the Colorado Legislature had far-reaching implications, particularly with the passage of House Bill 1001 aimed at addressing property tax cut initiatives that caused concern within the state’s municipal bond market. This article will delve into the details of the session and analyze the implications of the bill on various
In recent times, there has been a noticeable shift in the sneaker market, with young consumers turning their attention towards alternative brands like New Balance and Adidas Sambas. According to Stifel Financial, this shift could potentially pose a threat to Nike’s market dominance. While Nike still holds the crown with its popular Dunk shoe, the
Best Buy recently raised its fiscal-year profit guidance, indicating optimism in their financial outlook. The retailer now expects adjusted earnings per share to be in the range of $6.10 to $6.35, which is higher than the previous range of $5.75 to $6.20. This increase in profit guidance suggests that the company is performing better than
The U.S. dollar managed to edge higher recently, recovering from its recent lows as investors awaited key economic data releases. The Dollar Index, which measures the dollar against a basket of other currencies, saw a slight increase of 0.2% to 101.182. This bounce back was partly due to the greenback’s safe-haven status amid concerns over
The recent fluctuations in Bitcoin’s price have left traders uncertain about the cryptocurrency’s next move. After a significant drop earlier in the week, Bitcoin has struggled to find stability. The movement of $2 billion tokens between exchange wallets sparked fears of a major sell-off, contributing to the uncertainty in the market. The stability of Bitcoin’s