The public power sector is experiencing a seismic shift, transitioning from conventional funding methods to innovative systems facilitated by programs like elective pay. This transformation, primarily set in motion by the Inflation Reduction Act, allows publicly owned power companies to convert tax credits into cash. With the implications tied closely to the revival and support
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As we move deeper into 2024, investors can no longer afford to maintain a cavalier attitude towards lower-rated investment-grade corporate bonds. Historically, BBB-rated corporates have been a tempting draw, as they offered relatively high yields without significantly compromising on credit quality. Companies in this tier often appeared to glide smoothly between the security of upper-rated
In an era where technological advancements continuously reshape the healthcare landscape, Teal Health’s recent FDA approval for the Teal Wand signifies a monumental shift in how we approach cervical cancer screenings. This at-home test has the potential to democratize access to health services and place the power of prevention directly into the hands of women.
When it comes to tax policy, few issues encapsulate the political chasm in America quite like the state and local tax (SALT) deduction cap. Initially established during the Tax Cuts and Jobs Act (TCJA) of 2017, this cap limits deductions to $10,000, effectively targeting taxpayers in high-tax states, mainly those governed by Democrats. Recently, Rep.
Shreveport, Louisiana, finds itself in a precarious financial situation, wrestling with an alarming rate of debt while attempting to stimulate its local economy. The recent proposal of a $28.9 million general obligation bond—backed by bond insurance—has raised eyebrows. As the city grapples with its troubling credit ratings, the pressing question lingers: can this historically significant
Restaurant Brands International (RBI), the parent company behind major fast-food chains like Popeyes, Tim Hortons, and Burger King, recently issued a disappointing earnings report for the first quarter that fell below analysts’ expectations. The quarterly earnings, an adjusted 75 cents per share, missed the anticipated 78 cents. Revenue also lagged, coming in at $2.11 billion
In times of uncertainty, Americans naturally gravitate towards investments that feel secure and reliable. A recent Gallup report reveals a striking statistic: 37% of U.S. adults believe that real estate is the optimal long-term investment. Meanwhile, 23% have their eyes on gold. Although these numbers might sound comforting, they reflect a troubling trend—that many are
Wells Fargo’s recent bullish stance on AppLovin affirms the potential of this innovative player in the mobile advertising sphere. Following a first-quarter earnings report that significantly surpassed analysts’ expectations, Wells Fargo raised its price target for the company. This shift indicates the financial community’s growing confidence in AppLovin’s prospects, as analyst Alec Brondolo reflects a
In a striking financial maneuver, the North Carolina Local Government Commission has approved a jaw-dropping $865 million in bonds split between the city of Charlotte and the Duke University Health System. This colossal financial decision raises an eyebrow, as it reflects the current sentiment of risk-taking that is pervading local governance and institutions. History has
In a time when Americans are juggling rising costs and economic uncertainty, the Federal Open Market Committee (FOMC) has decided to maintain interest rates between 4.25% and 4.5%. This choice might seem pragmatic, but it reveals a troubling reality for those living paycheck to paycheck. As the risks of inflation and rising unemployment loom larger,