As we navigate the complexities of public transit funding in the aftermath of the pandemic, it’s essential to recognize the precarious position that many transit authorities find themselves in. Funding streams, once buoyed by the ambitious Infrastructure Investment and Jobs Act (IIJA), are beginning to taper off, revealing cracks in an already fragile system. With
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In an ever-changing healthcare landscape, the University of Pittsburgh Medical Center (UPMC) has taken a bold step by issuing a $735 million bond deal. Scheduled for pricing this Wednesday, the deal speaks volumes about UPMC’s self-assuredness, suggesting that the institution believes it is exiting a phase marred by industry pressures. But despite the optimism, it’s
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The landscape of the stock market is ever-evolving, with traditional titans like Berkshire Hathaway facing growing skepticism over their outdated conglomerate models. TD Cowen’s recent downgrade of Berkshire Hathaway, bringing its price target down from $741,000 to an unassuming $723,000, highlights a crucial point: the allure of old-school structures is waning. Despite a robust insurance
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Utah’s legislative session recently culminated with the approval of a $30.8 billion budget for fiscal year 2026, signaling a forward-thinking approach during a time of economic uncertainty. Governor Spencer Cox is now sifting through pivotal bills that promise to bolster infrastructure and invigorate local economies. While optimism abounds, critical reflection on these measures is warranted.
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The municipal bond market is currently grappling with a tumultuous landscape that combines both volatility and opportunity. As observed recently, yields have risen sharply, with an average increase of 15.1 basis points, painting a disconcerting picture for investors. The past week has been tumultuous; municipalities witnessed a steep decline as the balance of supply versus
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