Recent weeks have exposed the municipal bond market to significant uncertainty as President Trump’s tariff pronouncements rippled throughout various sectors. However, the true narrative reveals a resilient bond market that, despite the chaos, has shown unexpected strength and adaptability. Jamie Doffermyre of Truist Securities underscored this recovery at the Southeast Public Finance conference, indicating that
In a compelling display of resilience, mortgage demand among homebuyers has seen a notable uptick over the last two weeks, climbing by 1.1% and embodying a clear shift in sentiment. While many may assume that recent economic unrest and tariff implications would deter potential buyers, the increasing inventory of homes available appears to be swaying
In a shocking revelation that set the financial world abuzz, Hertz Global’s shares witnessed a catastrophic plunge on Tuesday, descending over 20% in early trading after the company unveiled disappointing first-quarter earnings alongside a staggering $250 million stock offering. This abrupt downturn served as a harsh reminder of the volatile nature of the rental car
In an era when skepticism often lingers around emerging tech stocks, Toast is an outlier that has not only weathered the turbulence but has surged impressively. Josh Brown, the astute CEO of Ritholtz Wealth Management, recently multiplied his stake in this payments platform that targets the restaurant industry. That decision was sparked by Toast’s latest
In an age of rapid technological advancement, it is startling to see our nation’s airport infrastructure languishing in outdated systems, especially at Newark Liberty International Airport. Recent announcements from Secretary of Transportation Sean Duffy paint a grim picture: a reduction in flights tied to systemic failures that are decades in the making. How did we
In an audacious initiative designed to reshape the medical landscape, Harris County Hospital District, the principal healthcare provider for Texas’s largest county, has announced a groundbreaking decision to issue $839.5 million in limited tax bonds. This strategic maneuver is a first step towards tapping into the ambitious $2.5 billion debt authorization approved by voters in
In a significant maneuver that is bound to stir up controversy and debate, President Donald Trump on Monday reintroduced an ambitious policy aimed at curbing drug costs by tying American prices to those of other nations. Labelled the “most favored nation” policy, this strategy is said to aim at rectifying the long-held grievance that foreign
The recent easing of tariffs between the United States and China has sparked a wave of optimism in the tech sector, a sentiment strongly echoed by market analyst Dan Ives from Wedbush. With the effective rate on most Chinese imports set to drop, the tech industry is arguably entering a new bull market phase. Ives
On a frenzied Friday in the House Ways and Means Committee, the preliminary draft of the tax portion of the so-called “big beautiful bill” was unveiled. Promoted as a panacea for economic woes, this 28-page document proposes to solidify the provisions of the 2017 Tax Cuts and Jobs Act—essentially putting a gilded seal on tax
Chicago’s recent call for qualifications (RFQ) regarding underwriting services marks a pivotal moment in the city’s financial dealings. Released on April 30 and setting a deadline for responses by June 18, this move is not just a routine bureaucratic process; it signifies Chicago’s substantial shifts in its economic strategy amid evolving market dynamics. The city