The cryptocurrency landscape recently experienced a seismic shift with the introduction of the Investing.com OFFICIAL TRUMP Index. This new coin, linked to the political figure Donald Trump through the entity CIC Digital, has stirred an array of reactions across the crypto community and beyond. With a fully diluted market cap reaching an astonishing $73 billion
The year 2024 unfolded as a remarkable chapter in the saga of the U.S. stock market, particularly highlighted by the S&P 500 Index achieving a stellar performance, boasting a gain of over 20% for two years running. Key drivers of this robust market momentum included sustained inflationary pressures, soaring interest rates, persistent geopolitical unrest, heightened
The aspiration of owning a home remains a cornerstone of the American Dream. However, the path to homeownership is often paved with financial hurdles, particularly when it comes to saving for the quintessential 20% down payment. The timeline for achieving this milestone greatly varies depending on geographic location, economic conditions, and personal financial situations. This
In recent times, the housing crisis has emerged as a pressing issue for many Americans, with escalating prices isolating low- and middle-income families from homeownership opportunities. As the country navigates its economic landscape, it is crucial to recognize the interconnected nature of housing with broader economic health. The recent developments from governmental leadership highlight a
In a significant legal development, the Federal Trade Commission (FTC) has initiated a lawsuit against PepsiCo, raising serious allegations of illegal price discrimination. The FTC claims that the beverage and food conglomerate has engaged in practices that violate the Robinson-Patman Act by providing an unnamed retailer—reportedly Walmart—with preferential pricing over its competitors. This act, enacted
The recent gathering of cryptocurrency executives at the first-ever crypto inauguration ball in Washington, D.C., signifies a pivotal moment for the digital asset industry. Participants, donning formal attire, indulged in lavish food and enjoyed performances from prominent figures while anticipating a seismic shift in U.S. policy toward cryptocurrencies under President-elect Donald Trump. The event not
As international investors recalibrate their expectations following the recent U.S. economic indicators, the dollar has shown a mixed performance against various currencies. After a solid six-week string of gains, the dollar finally fell, affected by increasing speculation around the upcoming presidential inauguration of Donald Trump and the policies his administration might bring. By Friday, the
As the year draws to a close, the municipal bond market is experiencing notable fluctuations, shaped by a combination of selling pressures and investor sentiment. Recent trends indicate that municipal securities, despite facing some headwinds, are poised to perform better than their U.S. Treasury counterparts. As of last Friday, the pressure exerted on municipals led
The municipal bond market stands on the precipice of significant change as the House Ways and Means Committee engages in discussions that could lead to the elimination of tax-exempt bonds. This potential shift comes in response to a broader examination of policies aimed at financing an expansive tax extension plan, prompting concern among stakeholders in
The U.K. housing market, which has shown resilience over the past decade, is on the brink of a significant shift as mortgage rates are projected to rise further. Recently, Virgin Money, one of the country’s prominent lenders, announced an increase of 0.2% on their two- and five-year fixed-rate mortgages as well as their remortgage deals.