The Securities Industry and Financial Markets Association (SIFMA) and the State of Missouri find themselves caught in a legal battle over the state’s groundbreaking environmental, social, and governance (ESG) investment regulation. Both parties have filed summary judgment bids in an attempt to sway the judge in their favor. The court has scheduled oral arguments for
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The summer housing market is facing ongoing challenges following a disappointing spring season. Despite the anticipation for an improvement, the current state of affairs is far from ideal. The high prices of homes persist, mortgage rates remain at elevated levels, and there is only a slight uptick in the number of homes being listed. These
The Metropolitan Pier and Exposition Authority (MPEA) in Chicago has approved the sale of up to $231 million of bonds for the McCormick Place Expansion Project. The project includes upgrades to the Lakeside Center building and renovation of guest rooms at the Hyatt Regency McCormick. The bond sale, consisting of Series 2024A and Series 2024B
Core Scientific Inc (NASDAQ:CORZ) is making headlines with its recent announcement of new data center contracts, prompting BTIG to raise its price target for the crypto miner to $15 from $10. These new contracts, including a 200MW high-performance computing (HPC) agreement with CoreWeave and additional 70MW data center contracts, have ignited investor interest and propelled
Southwest Airlines saw a decrease of approximately 4% in premarket trading following the announcement of a revised second-quarter revenue forecast. The airline attributed this change to shifting booking patterns, with revenue per available seat mile expected to decrease by 4% to 4.5% compared to the previous year. In addition to the revenue forecast adjustment, Southwest
The yen has dropped to its lowest level against the dollar since 1986, causing concerns among traders and analysts in the currency markets. The persistent decline of the yen has raised questions about potential intervention by Japanese authorities to stabilize the currency. This article examines the underlying factors contributing to the yen’s weakening against the
The housing market is currently facing challenges that are hindering its recovery, according to Bank of America economists. The surge in housing activity during the pandemic has since retreated and stabilized. This has created a lock-in effect for homeowners, limiting housing activity and reducing affordability. The forces that have led to these issues are expected
In the world of investing, there is a select group of stocks that are showing promise in providing investors with a unique opportunity for both unexpected income and price appreciation. According to Todd Castagno, a strategist at Morgan Stanley, special dividends, which are one-time payments made to shareholders outside of a company’s regular dividend cycle,
The first half of the year has seen a 2.9% increase in U.S. auto sales compared to the previous year. However, there are growing concerns about whether this momentum can be sustained for the remainder of the year. Inventory levels are rising, incentives are going up, and there is uncertainty surrounding the economy, interest rates,
Denver Health, Colorado’s only safety net healthcare provider, is facing a crisis. The escalating costs of uncompensated care have led to a staggering total of $140 million in the previous year, up significantly from $87 million in 2021. The strain on the health system’s budget is evident, with CEO Donna Lynne highlighting the lack of