In a significant move for women’s sports, Willow Bay and Bob Iger have taken a controlling stake in the world’s most valuable women’s professional sports team, Angel City Football Club. The National Women’s Soccer League team announced on Wednesday that the couple had made an investment of an undisclosed amount, valuing the team at an
The recent drop in mortgage rates to the lowest level since March has led to a significant increase in refinancing applications. According to the Mortgage Bankers Association, applications to refinance a home loan surged by 15% last week, reaching the highest level since August 2022. This jump in demand is a positive sign for homeowners
In recent years, there has been a noticeable shift in the dynamics of initial public offerings (IPOs), with companies opting to stay private for longer periods before going public. According to Morgan Stanley equity strategist Edward Stanley, the average private company now remains private for approximately 11 years, a significant increase from the previous median
In a recent announcement, Transportation Secretary Pete Buttigieg revealed that more than a dozen aging bridges in 16 states will benefit from $5 billion in federal grants. These bridges play a crucial role in supporting not only the regions they are located in but also the overall U.S. economy. According to Buttigieg, these spans are
As the world continues to face challenges related to public deficits, energy transition, and the increasing demand for artificial intelligence, the need for private infrastructure investment has never been more critical. BlackRock Chief Executive Officer, Larry Fink, recently highlighted major opportunities in this sector, emphasizing the crucial role that private capital will play in meeting
Morgan Stanley has reported second-quarter earnings that surpassed analysts’ estimates, with profit and revenue coming in stronger than expected. The bank reported earnings of $1.82 per share, compared to the $1.65 per share estimated by LSEG. Additionally, revenue reached $15.02 billion, exceeding the $14.3 billion estimate. This indicates a significant improvement from the year-earlier period,
America is currently facing a severe housing crisis, with a tight supply of homes leading to a scarcity of affordable housing options. This crisis is exacerbated by persistently high mortgage rates, making it increasingly difficult for individuals to find suitable housing. The impact of this crisis varies from state to state, with companies taking the
Phoenix is making a return to the municipal market with its first new money general obligation bond issue in over a decade. Chief Financial Officer Kathleen Gitkin expresses high expectations for the $238.8 million tax-exempt and taxable deal scheduled to price through a Piper Sandler-led underwriting team. The city has not issued new money GO
As the second-quarter earnings season gains momentum, Mark Mahaney from Evercore ISI has made some strategic updates to his list of tactical calls. Mahaney, the head of internet research at the firm, has expressed a positive outlook on the large-cap internet sector for the remainder of the year. Despite the significant 34% rally in the
The U.S. dollar has been subject to significant fluctuations in early European trade as a result of recent political events. With the increased chance of former President Donald Trump returning to the White House, traders have been left grappling with the implications of this scenario on the value of the dollar. The Dollar Index, which