In a climate fraught with economic instability, homebuyers are exhibiting surprising resilience, as evidenced by the continued uptick in mortgage applications—a 1.1% increase from the previous week alone. This shift indicates that potential buyers are beginning to prioritize the promise of new housing inventory over the fog of economic turbulence and tariffs hanging over the
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In a significant downturn for Hertz Global Holdings, the rental car giant witnessed its stock nosedive by over 20% after a disappointing earnings report for the first quarter of the year. The abrupt decline serves not only as a reflection of the company’s immediate financial woes, but also symbolizes a deeper malaise in a business
In a technology-driven world, the financial landscape constantly shifts, revealing new opportunities for investors. One such opportunity is Toast, a dynamic payments platform designed specifically for the restaurant industry. Recently, Josh Brown, CEO of Ritholtz Wealth Management, championed Toast’s stock after their impressive quarterly earnings. As someone who has kept a close watch on this
Newark Liberty International Airport, historically one of America’s busiest gateways, is now at a perilous crossroads. The infrastructure here has been neglected for so long that the repercussions have become glaringly visible, forcing the U.S. Department of Transportation (DOT) to intervene. Secretary Sean Duffy recently announced an unfortunate yet necessary reduction in flights, a move
In an ambitious financial maneuver, Harris County Hospital District is set to issue $839.5 million in limited tax bonds. This is the first outing of a whopping $2.5 billion approved by voters in 2023 for a sprawling healthcare expansion project, a $3.2 billion venture that is raising eyebrows among both supporters and skeptics. With Harris
The City of Chicago’s recent request for qualifications (RFQ) for bond underwriting services marks a significant shift in the city’s financial strategy. For decades, cities have relied heavily on established financial institutions to help navigate the intricate world of municipal bonds. However, as the economic landscape evolves, so too must the strategies to secure funding.
In a dramatic push to lower prescription drug costs, President Donald Trump is set to revive the “most favored nation” policy that aims to tether U.S. drug prices to lower rates abroad. For too long, American citizens have been the ones footing the bill for global pharmaceutical research and development, while foreign countries enjoy significantly
Late Friday, the House Ways and Means Committee shocked many by releasing a preliminary draft of the tax legislation, affectionately referred to by its proponents as the “big beautiful bill.” The anticipation surrounding it culminated in this 28-page document, which is expected to pave the way for significant financial ramifications. The bill aims to solidify
The recent temporary reduction of tariffs on Chinese imports is being heralded by market analyst Dan Ives as a “dream scenario” for tech investors. The effective rate on most Chinese imports is set to stabilize at 30%, unleashing a potential bull market environment reminiscent of the tech booms of the past. Naively viewing this solely
2025 has proven to be a tumultuous year for the stock market, with the S&P 500 sliding over 3%, reflecting growing fears about inflation, geopolitical tensions, and the specter of trade tariffs hanging ominously over our global economy. Economic uncertainty has made investors jittery, spurring a wave of market volatility that has some executives and