San Antonio’s vibrant arts and cultural scene is facing a period of deep uncertainty as the City Council prepares to adopt the 2026-2027 budget on September 17. With a projected budget shortfall of roughly 158 million dollars, city leaders are weighing significant spending cuts across various sectors. While officials are desperate to avoid raising property
The Federal Reserve broke a long streak of stability on Wednesday, raising its benchmark interest rate by 0.25 percent for the first time since 2023. The move pushes the flagship rate into a range between 3.75 and 4.00 percent, a decision made unanimously by policymakers who are grappling with a resurgence of inflation. While the
The Federal Reserve has voted unanimously to raise interest rates for the first time since July 2023, marking a decisive opening move for Chair Kevin Warsh. In a 12-0 decision, the open market committee increased the benchmark rate by a quarter-percentage point to a new range of 3.75 percent to 4 percent. Speaking at a
The tech heavy Nasdaq managed to hold onto its gains today despite a fresh move by the Federal Reserve to tighten monetary policy. In a decision that many investors had already priced into their expectations, the central bank raised interest rates by a quarter point, seeking to balance inflation control with economic stability. While rate
Colorado continues to hold a steady presence among the nation’s most affluent, though the barrier to entry for this year’s Forbes 400 has become significantly steeper. A massive surge in technology fortunes, particularly within the realms of artificial intelligence and semiconductors, pushed the collective wealth of the top 400 Americans up to 8 trillion dollars.
Investors reacted sharply on Wednesday as shares of J.B. Hunt Transport Services plummeted more than 10 percent following a warning that the logistics giant expects a dip in third-quarter earnings. Speaking at the Morgan Stanley Industrials conference, Chief Financial Officer Brad Delco revealed that the company anticipates profits to slide between 5 and 10 percent.
Wall Street is bracing for a significant pivot as investors increasingly expect the Federal Reserve to raise its benchmark interest rate this Wednesday. After three years without a hike, traders have placed a staggering 90 percent probability on a quarter percentage point increase, which would push the target range to between 3.75 and 4 percent.
Wall Street entered a period of cautious anticipation on Wednesday as U.S. Treasury yields dipped slightly ahead of a critical policy announcement from the Federal Reserve. The benchmark 10 year Treasury note yield drifted just below the psychological threshold of 5 percent, landing at roughly 4.967 percent, while shorter and longer term bonds followed suit
Airports across the United States are seeing a surprising trend where passenger happiness is climbing even as travel volumes approach all time highs. According to the latest North America Airport Satisfaction Study from J.D. Power, travelers are reporting significantly higher levels of satisfaction with their airport experiences. This marks the third consecutive year that sentiment
Prospective homebuyers are facing a tightening market as mortgage rates climbed for the sixth consecutive day on Tuesday, hitting their highest levels since January. The average top tier 30 year fixed rate has risen to 7.22 percent, while the most commonly quoted rate has touched 7.25 percent. This sudden surge represents an increase of 0.33