In a financial landscape often fraught with uncertainty, few dynamics possess the potential to reshape investments quite like the advent of autonomous technology. Many portfolio managers revel in the whirlwind of market volatility, yet few have the conviction demonstrated by Josh Brown, CEO of Ritholtz Wealth Management, who recently declared Uber as his most significant
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In a transformative move for Utah’s economic landscape, the state has announced a substantial bond issuance valued at $247.74 million aimed at financing a monumental development on state-owned land. Slated to kick off with the Point Phase 1 Public Infrastructure District No. 1, the project promises to lay the groundwork for a sprawling 600-acre area.
The housing market is experiencing a monumental shift, with emerging trends that leave many analysts surprisingly cautious. For the first time in years, home prices are wavering; a mere 2.7% rise noted in April signals not just stagnation but a significant cooling off from the 3.4% climb observed back in March. What once appeared to
In the midst of New York City’s ever-worsening affordable housing crisis, one politician is boldly striding forth with a significantly radical proposal. Zohran Mamdani, the democratic socialist and second-place candidate in the Democratic mayoral primary, has recently suggested that the city should borrow an additional $70 billion over the next decade to tackle the housing
In a climate where tax fatigue is palpable, Oregon’s House Bill 2025 proposes a staggering increase in taxes and fees amounting to a projected $14.6 billion over the next decade. Supporters within the Oregon Democratic party frame this bill as a transformative leap toward modernizing the state’s crumbling infrastructure. Yet beneath the surface, one cannot
Investors have witnessed a dramatic shift in the stock market this year, with international stocks surprisingly outperforming the well-known S&P 500. A mere 2% increase in the S&P 500 starkly contrasts the remarkable double-digit growth seen in the preceding years, 2023 and 2024. This sudden stagnation raises alarming questions about the strength and sustainability of
In recent months, the American housing market has shown signs of stagnation that can’t be ignored. Data from May indicates that sales of previously-owned homes crept up by a bare 0.8% from April, arriving at a seasonally adjusted annualized rate of 4.03 million units, according to the National Association of Realtors. While a minor uptick
In the rarified air of academic excellence, few institutions command the respect and resources that Harvard University does. However, recent developments surrounding a bond sale reveal the cracks in this illustrious facade, leading to serious scrutiny from political figures, notably New York Republican Rep. Elise Stefanik. Her request for the Securities and Exchange Commission (SEC)
It’s hard to overstate the malaise currently engulfing the housing market. As higher mortgage rates persist and economic insecurity festers, the National Association of Home Builders’ (NAHB) Housing Market Index (HMI) has reported a disheartening dip in builder sentiment. June figures show a drop of two points to a gloomy score of 32, reflecting a
In a city boasting a rich sports culture, the recent approval of a $900 million arena for the Oklahoma City Thunder through a bond-financed deal raises eyebrows among taxpayers and community members. The deal, which guarantees that the team will remain in Oklahoma City through at least 2053, appears on the surface to be a