The passage of House Bill 2025 in Oregon threatens to reshape the state’s economy through a staggering $14.6 billion tax and fee increase over the next ten years. This is not just an incremental bump in funding for transport; it is an audacious attempt by state legislators to usher in what they are calling “transformative
The recent data on the housing market presents a mixed bag of indicators—but beneath the slight rise in home sales lies a more troubling narrative. In May, the sale of previously owned homes saw a marginal increase of just 0.8%, climbing to an annualized rate of 4.03 million units, as reported by the National Association
As of June 2023, the pulse of the American housing market reveals alarming signs of distress. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) has seen a concerning dip to 32, down from 34 in May, indicating that builder sentiment is plunging deeper into negativity. With anything below 50 signaling an
The defense sector stands at a unique crossroads, where uncertainty surrounding ambitious projects like President Trump’s “Golden Dome” missile defense initiative does not spell doom for major defense stocks. Bernstein’s analysis showcases that, irrespective of the project’s ultimate success, the push for increased military preparedness is likely to keep the money flowing into the coffers
The recent approval by the Oklahoma City Council to secure the National Basketball League’s Thunder in a new, massive arena highlights the city’s willingness to invest heavily in sports infrastructure—a decision that might not only define the sports culture but also the economic trajectory of the city for years to come. At a staggering cost
As the probability of a new Federal Reserve Chair under the Trump administration looms, one must ponder the implications of such a decision on the nation’s economic policy. Former Treasury Secretary Lawrence Summers has indicated that there is a fair chance Trump could nominate a candidate palatable to both sides of the aisle. However, this
JPMorgan Chase has historically lagged behind its competitors in the realm of online investing, showing a marked hesitance to adapt to the evolving digital landscape. Yet, this once slow-moving behemoth is finally stepping into the limelight as a contender in the digital investing space. The bank’s recent decision to unveil new tools that empower users
Warren Buffett, often hailed as the unrivaled maestro of investing, has recently raised eyebrows as his proposed succession plan has led to an unanticipated decline in Berkshire Hathaway’s stock value. Predictably, investors have been searching for answers in the wake of his announcement to step down as CEO, leaving followers to assess the implications for
The United States, a nation renowned for its fierce entrepreneurial spirit, is on track to harbor a staggering 23.8 million millionaires by 2024, as revealed by a recent UBS report. The growth of 379,000 new millionaires last year alone—an average of over 1,000 each day—paints a picture of remarkable affluence. However, the rise of millionaires
The recent legislative session in Florida has yielded a budget of $115.1 billion, reflecting a modest reduction from last year’s $118.6 billion allocation. This figure comes as the Republican leadership grapples with internal disagreements and pressures to appease both fiscal conservatives and the influential governor, Ron DeSantis. Notably, the budget incorporates significantly scaled-back tax cuts