In a world where investment strategies often lack conviction, Josh Brown, the CEO of Ritholtz Wealth Management, bravely stands out by making Uber his largest personal stock holding. His daring proclamation on CNBC’s “Halftime Report” has sent ripples across Wall Street, with Brown labeling it as his “highest conviction pick,” anchored in the impending revolution
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The housing market is at a pivotal junction, demonstrating the consequences of shifting supply and demand dynamics. Recent reports indicate that home prices are beginning to descend, a stark contrast to the rampant appreciation witnessed during the pandemic. The S&P CoreLogic Case-Shiller Index revealed a mere 2.7% year-over-year increase in April, down from a more
New York City is at a critical juncture, grappling with a spiraling housing crisis exacerbated by rising costs and diminishing availability of rentals. Enter Zohran Mamdani, a member of the Democratic Socialists of America, who has proposed an audacious plan intended to tackle the affordability problem through monumental borrowing. His proposal to borrow an additional
The forthcoming issuance of $247.74 million in unrated tax-exempt revenue bonds for a grand development plan on state-owned land in Utah raises eyebrows that must not be overlooked. Marketed as a shining example of public-private collaboration, this ambitious project dubbed “The Point” intends to reshape not merely the landscape, but the very economic fabric of
In 2025, while the S&P 500 plods along with a meager 2% increase, international stocks are enjoying a remarkable resurgence, making them a more attractive prospect for investors seeking higher returns. The volatility of U.S. markets, underscored by uncertainty regarding interest rate policies and geopolitical tensions, is causing many to reassess their investment strategies. The
Oregon is facing a colossal decision as a state transportation bill, HB 2025, passes through the legislative process. With a staggering price tag of $14.6 billion in tax and fee increases over the next decade, the potential fallout from this initiative could have lasting effects on both the state’s infrastructure and its citizens’ wallets. Proponents
In an age where institutions are constantly under scrutiny, the alarm bells are ringing louder for Harvard University following allegations of financial impropriety linked to a recent bond sale. Representative Elise Stefanik, a Republican from New York, has called for an investigation by the Securities and Exchange Commission (SEC) concerning a $750 million taxable bond
In May, the sales of previously owned homes saw a minor uptick of 0.8% from April, leading to an adjusted annual sales rate of 4.03 million units. Analysts had anticipated a decline of 1%, so on the surface, this increase may seem like a sign of resilience. However, the reality is more nuanced. Sales are
Oklahoma City Council’s recent approval of the Thunder’s arena deal may seem like a victorious stride for local sports fans, yet beneath the surface lies a tangled web of potential pitfalls that could haunt the city long after the cheers have faded. At first glance, a new, state-of-the-art arena appears to be a cherished investment
As we traverse through 2023, the landscape of home construction paints a troubling picture. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) has seen a daunting drop to 32 in June—a stark indicator that the mood among builders is low. With anything below 50 signaling negativity, this figure is more than