In a daring move, the Federal Housing Finance Agency (FHFA) has taken a groundbreaking step by mandating that Fannie Mae and Freddie Mac begin to recognize cryptocurrency as a legitimate asset in the assessment of single-family mortgage loans. This initiative, articulated by FHFA Director William J. Pulte, showcases an audacious leap into the future where
In a rapidly evolving airline industry, Southwest Airlines finds itself at a crucial juncture. As customers have become willing to fly with other airlines for premium experiences, CEO Bob Jordan’s recent statements reveal a bold acknowledgment of Southwest’s need for change. The CEO’s comments during an airport industry conference indicate a willingness to rethink the
The process of budget reconciliation, a parliamentary procedure aimed at expediting the passage of budgetary legislation, is currently facing significant hurdles. It seems as though every week brings a new challenge, underscoring just how precarious our fiscal landscape has become. The Byrd Rule is a centerpiece of these ongoing complications—a rule that some might consider
In a world where politics and finance are inexorably intertwined, the recent volatility surrounding Flagstar Bank serves as a stark reminder of the ramifications that policy decisions can have on the market. With shares tumbling by 6% following the Democratic primary victory of Zohran Mamdani in New York, the interconnectedness of real estate, banking, and
The ride-hailing giant Uber is at the forefront of a transformative shift in transportation, with autonomous driving technologies reshaping the landscape. Josh Brown, CEO of Ritholtz Wealth Management, recently declared that Uber holds the most significant stake in his personal investment portfolio. This bold choice stems from an unshakeable belief in the impending robotaxi revolution.
The housing market is currently navigating a turbulent sea of rising supply coupled with faltering demand, factors that are conspicuously pointing toward a period of price cooling. Recent data from the S&P CoreLogic Case-Shiller Index reveals that nationwide home prices recorded a mere 2.7% increase in April compared to the previous year, marking a significant
As a beacon of growing economic potential, the state of Utah is launching an audacious $2.7 billion development project on state-owned land. This initiative, dubbed “The Point,” seeks to transform a neglected 600-acre area into a bustling hub of infrastructure, housing, retail, and innovation—while raising eyebrows among fiscal conservatives and community skeptics alike. Bond financing
New York City is facing a series of stark challenges, not least of which is the dire affordable housing crisis that has reached critical proportions. Among the voices calling for change is Zohran Mamdani, a candidate in the New York Democratic mayoral primary who is making waves with his ambitious proposal to borrow $70 billion
The narrative surrounding international stocks in 2025 is one of resurgence, especially when juxtaposed against the ongoing struggles of the S&P 500. While many analysts and investors have fixated on the underwhelming performance of U.S. equities—which are merely up 2% this year—there exists a compelling case for diversifying into global markets. This phenomenon isn’t just
In a stunning turn of events, Republican Representative Elise Stefanik has drawn attention to the financial practices of one of America’s most respected institutions, Harvard University. On the surface, a bond sale might seem like a peculiar avenue for political confrontation, yet beneath this financial transaction lies an intricate tapestry of ethics, transparency, and accountability.