Recent approvals by North Carolina’s Local Government Commission for over half a billion dollars in bonds raise critical questions about the state’s fiscal priorities. While infrastructure and public health are undeniably vital, the scale and purpose of these borrowings suggest a gamble on growth that may not be sustainable. Cities like Charlotte are securing $130
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The recent uptick in healthcare stocks, exemplified by Viatris (VTRS), might seem like a beacon of recovery in a turbulent market. But this seemingly bullish trend, driven by technical patterns like inverse head-and-shoulders, provides only a superficial glimpse into the underlying health— or rather, the vulnerability— of these gains. Investors should question whether such patterns
The recent Oklahoma Supreme Court decision denying tax exemptions to Native American tribal members residing on reservations marks a troubling setback for tribal sovereignty and individual rights. While the court insists its hands are tied, this legal judgment overlooks the broader implications of the landmark McGirt v. Oklahoma ruling. The Supreme Court’s 2020 decision unequivocally
In a surprising turn, mortgage rates have plummeted to their lowest levels since April, igniting a flurry of refinancing activity among current homeowners. This decline appears, on the surface, to be a boon for many Americans seeking to reduce their borrowing costs. The Mortgage Bankers Association reports a 7% weekly surge in refinance applications, over
In recent months, Shake Shack has positioned itself as a compelling contender in the hyper-competitive fast-casual dining industry. Despite the turbulent ride that often accompanies rapid growth stocks, this company appears poised for a dramatic breakout, potentially shattering its previous all-time highs and establishing a new valuation plateau. Critics might warn that such optimism is
This year, the municipal bond landscape appears almost frenetic—a relentless influx of issuance underscores a broader narrative of both opportunism and fear. The market’s active borrowing spree signals a crucial shift in investor and issuer behavior driven by a mixture of strategic frontloading, economic uncertainties, and political anxieties. With issuance surpassing $280 billion by mid-2025
As 2025 unfolded, many in the luxury retail sector clung to the hope that the industry’s recent dip was merely a hiccup on the way to a robust recovery. Analysts and luxury brands alike anticipated a resurgence driven by post-election optimism, pent-up demand, and holiday shopping fever. However, reality cast a much darker shadow. Despite
The municipal bond market is caught in a peculiar state: seemingly stable but subtly stagnant. Despite minor fluctuations in yields and consistent inflows to muni funds, the market struggles to ignite robust investor enthusiasm. This dynamic reflects a broader uncertainty among investors, who find munis cheap in relative terms but remain hesitant to push the
Oregon’s recent law taxing professional baseball players to finance a massive stadium project reeks of overambition masquerading as economic development. Governor Tina Kotek’s decision to approve a bill that imposes income taxes on athletes and team employees in both home and visiting teams shows a desperate gamble on attracting a Major League Baseball (MLB) franchise
In an investment landscape often dominated by equity drama and tech frenzy, the current bond market stands out like a lighthouse—its beacon signaling an opportunity that doesn’t come around often. Rick Rieder from BlackRock labels the present high-yield environment a “generational opportunity” for investors. This is no small claim, considering Rieder’s two-decade career watching bond