The House Committee on Transportation and Infrastructure has expressed growing concern over the Department of Transportation’s sluggish distribution of funds from the Infrastructure Investment and Jobs Act (IIJA). Since the enactment of the IIJA, the Department has received over $364 billion in funds. However, only a little over half of these funds have been obligated,
The housing market is showing signs of cooling off, with home prices starting to dip slightly compared to a year ago. Reports indicate that price gains are shrinking, and sellers are beginning to adjust their expectations after a stagnant spring market. Redfin data reveals that, for the first time since the Covid-19 pandemic, the typical
In a recent report, Morgan Stanley highlighted the resurgence of Wall Street deals and the potential benefits for financial stocks. Completed mergers and acquisitions have seen a significant increase of 16% in the second quarter compared to the previous year. This positive trend indicates a more active deal-making environment, which is favorable for asset managers,
In a recent announcement on June 27th, 2024, AdEx revealed the launch of its updated platform, positioning itself as a valuable tool for Web3 advertisers looking to connect with the wider Web2 audience. The new platform comes with several groundbreaking improvements, including the integration of Artificial Intelligence (AI) and Zero-Knowledge (ZK) privacy protocols. Enhancements for
The U.S. dollar has exhibited some volatility recently, with fluctuations in early European trade on Thursday. The Dollar Index, which tracks the dollar against a basket of other currencies, was down by 0.1% at 105.650. Despite this slight dip, the greenback had seen gains of around 0.4% in the previous session, pushing it close to
Municipal bonds offer investors a unique opportunity to generate tax-advantaged income. The income earned on muni bonds is free of federal taxes, making them particularly attractive to wealthy investors. In addition, investors residing in the state where the bond is issued may also avoid state taxes. According to BlackRock, the taxable equivalent yields on municipal
Morgan Stanley, a major player in the financial world, is making big moves in the realm of artificial intelligence with the introduction of their new assistant, Debrief. This AI assistant is set to revolutionize the way financial advisors operate by taking over thousands of hours of manual labor. Debrief keeps detailed logs of advisors’ meetings,
The housing market is facing challenges as the spring season transitions into summer. Despite expectations for a more robust market, the reality is quite different. High home prices persist, mortgage rates remain elevated, and there is a lackluster response from consumers even with a slight uptick in home listings. This is evident in the stagnant
The legal battles surrounding the State of Missouri’s groundbreaking environmental, social, and governance (ESG) investment regulation are heating up as both the Securities Industry and Financial Markets Association (SIFMA) and the State of Missouri have filed summary judgement bids in an attempt to sway the court in their favor. This lawsuit, which centers around Missouri’s
Southwest Airlines recently announced a cut in its second-quarter revenue forecast, leading to a 4% decrease in its share value during premarket trading. The airline attributes this decrease to changing booking patterns, which have had a significant impact on its projected revenue per available seat mile. Initially expecting a decline of 1.5% to 3.5%, Southwest