Alaska Airlines flight attendants have rejected a new labor deal that would have provided immediate raises averaging more than 24%. This decision was announced by their union, setting the stage for further negotiations between the two parties. The union had previously reached a tentative agreement with the company in June, which was described as a
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Billionaire hedge fund manager Bill Ackman recently made headlines when he unveiled a new stake in sports apparel company Nike. This move was disclosed in a securities filing by Ackman’s Pershing Square Capital Management, revealing that they owned more than 3 million shares of Nike at the end of June, valued at approximately $229 million.
Recently, BofA Securities analysts have shed light on the Swiss National Bank’s (SNB) intervention in the foreign exchange markets, with the aim of weakening the Swiss franc (CHF) amidst market turmoil. This intervention comes as the Real Effective Exchange Rate (REER) has rebounded from its year-to-date decline, putting pressure on the SNB to ease monetary
Coinbase, a leading cryptocurrency exchange, has recently been revealed to hold a staggering $52 billion worth of Bitcoin, positioning it as the top holder of BTC with over 4.3% of the total supply, according to Arkham Intelligence. This significant revelation raises questions about the implications of Coinbase’s massive Bitcoin reserves, particularly in relation to the
On Wednesday, municipal bonds saw improvement as focus shifted to the primary market. Chicago entered the market after a delay to price its general obligation bond deal, alongside deals from the Triborough Bridge and Tunnel Authority, the Pennsylvania Turnpike Commission, and the Las Vegas Valley Water Department. This positive movement came on the heels of
Starbucks has recently announced a significant pay bump and generous one-time awards for their incoming CEO and Chair, Brian Niccol. Niccol, who previously served as the chief executive at Chipotle Mexican Grill, will officially assume his new role at Starbucks on September 9th. With the company facing challenges such as declining sales and a struggling
Prince George’s County Public Schools is embarking on a groundbreaking initiative to finance the construction of eight new schools through a $660 million taxable sustainable revenue bond issuance. This innovative approach involves a public-private partnership that aims to address the growing infrastructure needs of the community while tapping into the current demand for taxable paper
The construction boom in the U.S. has led to a surge in record-construction activity post-pandemic, resulting in a higher supply of empty units available for renters. This increase in inventory has benefited renters by leading to lower rents, as landlords are now offering rent concessions to attract new tenants. According to Zillow Group, an online
Oracle’s heavy investment in infrastructure and strategic partnerships to enhance its position in the AI market has been met with skepticism from investors due to the rich valuation of the stock. The competitive landscape and uncertainties surrounding revenue generation, integration challenges, and strong competition with advanced AI capabilities from rivals are causes for concern. The
As the blockchain community transitions from Polkadot 1.0 to Polkadot 2.0, several key tech upgrades such as Async Backing, Elastic Scaling, and Agile Coretime are set to revolutionize the network. These upgrades are expected to enhance the overall performance of the system and provide developers with more flexibility in creating custom blockchain projects. The core