As the American political landscape braces itself for a new Congress, the discussion surrounding tax policy has surged to the forefront, particularly as it pertains to the legacy of the 2017 Tax Cuts and Jobs Act (TCJA). In a recent subcommittee hearing of the Senate Banking, Housing, and Urban Affairs, Sen. Elizabeth Warren of Massachusetts
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After a sluggish summer characterized by waning home sales, October 2023 marked a notable resurgence in the housing market, largely fueled by a sharp decline in mortgage rates. The National Association of Realtors (NAR) reported a 3.4% increase in sales of previously owned homes, raising the annualized rate to 3.96 million units. This uptick not
On November 21, 2024, Arcana Network unveiled its highly anticipated Arcana Wallet Beta, available on the Chrome Store. This innovative wallet sets new benchmarks in user experience and accessibility within the blockchain environment. At the heart of this advancement is the Chain Abstraction Protocol, facilitating a fluid multi-chain experience. As the very first Externally Owned
The municipal bond market has demonstrated resilience and vigor amid a challenging economic landscape. Recent developments have shown a continued divergence between municipal bonds and U.S. Treasury securities, with the former outperforming the latter. This article delves into the trends shaping the current state of municipal bonds, focusing on yields, inflows, and the implications for
In recent years, the National Hockey League (NHL) has established itself as a formidable player in the sports market, with its team valuations significantly climbing. According to CNBC’s 2024 NHL Valuations, the average worth of an NHL team now stands at $1.92 billion. This figure highlights a noteworthy shift in the perception of hockey as
The ongoing saga between the Pinellas County Commission and the Tampa Bay Rays has reached new heights of tension, highlighting a complex relationship fraught with financial complications and local sentiment. As the Rays push for a financing deal critical to building a new stadium, the commission recently opted to delay a crucial vote on $312
The latest developments in international relations and economic indicators have had a pronounced effect on currency markets, particularly enhancing the U.S. dollar’s appeal as a safe haven asset. The currency climbed throughout Wednesday, buoyed by geopolitical tensions following the U.S. closure of its embassy in Kyiv, Ukraine. This decision stemmed from credible threats of an
Acurx Pharmaceuticals has recently made headlines by approving a purchase of up to $1 million in bitcoin, a move that signals growing acceptance of cryptocurrency among mainstream businesses. This decision, made by the company’s board, reflects the changing landscape of corporate finance where traditional assets are increasingly being supplemented—or even replaced—by digital currencies. With this
In a seemingly paradoxical trend, there was a notable uptick in mortgage demand last week, counterintuitively occurring alongside a fourth consecutive rise in mortgage rates. According to the latest findings by the Mortgage Bankers Association (MBA), total application volume increased by 1.7% compared to the previous week, as reported by their seasonally adjusted index. Such
The U.S. dollar experienced a notable resurgence on a recent Wednesday, effectively reversing a three-day slide that had left many investors momentarily cautious. This rebound came just as anticipation grew around policies proposed by President-elect Donald Trump, stirring conversations about potential shifts in the economic landscape. The valuation of the dollar reflects not only market