Josh Brown, the CEO of Ritholtz Wealth Management, made waves with his recent revelation that Uber has become the cornerstone of his investment portfolio. This speaks volumes not only about his confidence in the ride-hailing giant but also about the seismic shifts occurring in the transportation sector. Brown argues that the ongoing advancements in autonomous
Zohran Mamdani, a self-identified democratic socialist and rising politician in New York, has seized the spotlight with a staggering proposal to eliminate the city’s affordable housing crisis. Running second in the Democratic mayoral primary, his vision involves an audacious plan to inject an additional $70 billion into the city’s housing sector over the next decade.
In a surprising twist for an industry often marked by volatility, the housing market is experiencing a notable calming phase. As supply grows steadily and demand begins to ease, home prices are taking a breather, with a slight national dip documented in the most recent S&P CoreLogic Case-Shiller Index. Just a 2.7% rise in home
In a striking move that sends ripples across the investment landscape, Utah has unveiled a plan to finance a monumental development project with a staggering $247.74 million in unrated tax-exempt revenue bonds. Scheduled for pricing on an upcoming Thursday, this financing strategy is emblematic of a broader trend towards ambitious public-private partnerships. What’s particularly noteworthy
The global market landscape is shifting, and international stocks are marking a notable resurgence compared to the sluggish performance of the S&P 500. For investors eager to branch out beyond the confines of U.S. equities, this trend is not just an opportunity—it’s a necessity that can’t be ignored. As geopolitical tensions and economic uncertainties cast
The recent passage of House Bill 2025 by the Oregon state House legislative committee is a glaring example of government overreach cloaked in the guise of infrastructure improvement. The proposed $14.6 billion tax increase over the next decade is not just a minor fiscal adjustment; it’s a massive financial burden that threatens to destabilize the
When examining the powerful institutions that shape America, Harvard University often emerges as a symbol of prestige and intellectual credibility. However, recent allegations surrounding its $750 million bond sale have sparked a serious debate about accountability, transparency, and the implications of higher education institutions not disclosing critical information. New York Republican Representative Elise Stefanik’s request
In what should have been a celebratory announcement, the latest figures from the National Association of Realtors (NAR) revealed a meager 0.8% bump in sales of previously owned homes for May, reaching a seasonally adjusted annualized rate of 4.03 million units. For a market starved for dynamism, this slight upward tick feels more like a
The current climate of the U.S. housing market reflects a grim scenario for homebuilders and potential buyers alike. With higher mortgage rates serving as an effective barrier to entry for many hopeful homeowners, the sentiment among builders is plummeting. The recent report from the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI)
In an era where uncertainty reigns, one might consider the defensive positions of major defense stocks as a safe harbor. Despite the skepticism surrounding President Donald Trump’s ambitious missile defense project dubbed the “Golden Dome,” analysts at Bernstein suggest a nuanced perspective: the financial landscape for the defense industry may continue to thrive regardless of