California has recently announced a plan to sell $2.5 billion of tax-exempt general obligation bonds, marking it as the state’s second largest offering this year. The proceeds from this sale will be utilized to finance various voter-approved projects, pay off outstanding commercial paper, and refund outstanding general obligation bonds. Fitch Ratings has assigned a AA
The Swiss National Bank (SNB) is grappling with unexpected challenges as Switzerland’s inflation rate unexpectedly drops to 1.1% year-on-year in August, below both July’s figure of 1.3% and the projected rate of 1.2%. This decline indicates a significant slowdown in inflation, putting the SNB in a difficult position as it strives to meet its 1.5%
Chicago recently released a budget forecast projecting a significant increase in its corporate fund deficit in the coming years. The deficit is expected to grow to $982.4 million by 2025, up from $222.9 million at the end of 2024. Mayor Brandon Johnson’s administration presented downside and upside scenarios for future years, with a negative scenario
Nobel Prize-winning economist Joseph Stiglitz has recently criticized the Federal Reserve’s monetary policy, calling for a half-point interest rate cut at the upcoming meeting. Stiglitz argues that the central bank has been too aggressive with its tightening measures, exacerbating the inflation problem. He believes that the Fed’s decision to keep interest rates near zero for
Activist investor Starboard Value has recently made a bold move to dissolve News Corp’s dual-class share structure, a move that directly challenges the Murdoch family’s control over the media conglomerate. This comes as a significant challenge to the long-standing control that the Murdoch family has maintained over the Wall Street Journal parent company. Striving for
The quest to become the world’s first trillionaire has captivated not only the financial world but the general public as well. The idea of amassing such an astronomical amount of wealth seems almost unfathomable, yet it may become a reality sooner than we think. With several high-profile individuals and companies on the brink of reaching
Recent analysis from on-chain analytics firm IntoTheBlock suggests that Bitcoin’s historical cycles point towards a significant rally potentially occurring in 2025. The average duration between Bitcoin’s halving events and the subsequent peak has been approximately 480 days. This pattern indicates that the next peak could be expected in the summer of 2025. Bitcoin’s Halving Events
As the summer holidays come to an end, investors in China are facing a challenging outlook as consumption and growth are expected to remain sluggish for a while. This sentiment was echoed by JPMorgan, which recently downgraded its opinion on Chinese stocks to neutral from overweight due to the tough economic conditions. The team at
Investors looking for promising stock picks in the current economic climate can turn to the recommendations of leading Wall Street analysts. One such pick is Planet Fitness (PLNT), a well-known franchisor and operator of over 2,600 fitness centers. Despite the initial turbulence in September, the company reported impressive second-quarter results and maintained its full-year guidance.
It’s no secret that corporate governance can sometimes be a murky environment where decisions are made that may not always benefit shareholders. In the case of Ionic Digital, concerns have been raised about potential misconduct by the Board of Directors. Specifically, Figure Markets and shareholder Veton Vejseli have requested access to company records in order