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New Orleans, where the GOP-dominated Louisiana State Bond Commission has been a venue of conflict with Democratic city leaders.Bloomberg News Bond-related conflicts between Louisiana’s state government, its bond commission, and New Orleans and partisan changes to the North Carolina Local Government Commission, come in the context of wider Republican efforts to use state governments’ fiscal…
Mercedes-Benz CEO Ola Källenius has found religion in synthetic engine noise. He said his conversion came when he drove the new electric version of the AMG CLA 45, Mercedes’ performance sedan. It uses artificial sounds and sensations to mimic a combustion-powered car. “I was like a born-again Christian,” he told UK car enthusiast publication Autocar….
The median sales price for an existing US home reached approximately $441,000 in June, an all-time high, according to NAR. Mortgage rates hovered near 6.5% during the month and have since risen further. The 30-year fixed-rate mortgage hit its highest reading since August 2025, reaching 6.65% in the week ending July 10, according to the Mortgage…
Dario Amodei, Anthropic Co-Founder and CEO, and Marc Benioff, Salesforce CEO and Co-Founder, attend Dreamforce 2026 summit in San Francisco, California, U.S., Sept.15, 2026. Carlos Barria | Reuters At Salesforce’s annual Dreamforce mega-conference in San Francisco this week, the keynote conversations between CEO Marc Benioff and the heads of Anthropic, OpenAI and Nvidia delved into…
Regulators have long recognized a simple truth: diversification matters. That is why funds and ETFs operate under rules designed to prevent excessive issuer concentration. Under the Investment Company Act of 1940, a “diversified” fund generally must keep 75% of its assets in cash, government securities, other investment companies, and securities where no single issuer represents…
Small cap stocks are often overlooked but, for that reason, they can reward patient investors over the long term. “Small caps offer a rare combination of attractive valuations, growth, and diversification,” said Abby Glennie, co-manager, Aberdeen UK Smaller Companies Growth Trust. “We’ve also gone through market periods globally where the dominant tech themes have driven…