On November 5th, Utah voters will be faced with a decision on whether to authorize $1.237 billion in general obligation debt for two major issuers. The Salt Lake City School District Board of Education has proposed a plan to seek $730 million in bonds for the rebuilding of two high schools, construction of an athletic
The recent ruling by Judge Stephen Bough in the U.S. District Court for the Western District of Missouri has sparked controversy by striking down Missouri’s investment rules that aimed to regulate “non-financial” investment advice from broker-dealers and investment advisors. The rules required broker-dealers and investment advisors to disclose and obtain written consent from customers when
Tennessee’s decision to introduce “Choice Lanes” as a means to alleviate congestion on state highways marks a significant shift in the state’s approach to transportation infrastructure. The use of municipal bonds for this purpose represents a departure from Tennessee’s historical reliance on pay-as-you-go funding for road projects. With the recent passage of the Transportation Modernization
Recently, BofA Securities analysts have brought attention to the Swiss National Bank’s (SNB) intervention in the foreign exchange markets, specifically aimed at weakening the Swiss franc (CHF) amidst heightened market volatility. This intervention came as the Real Effective Exchange Rate (REER) showed signs of recovery from its year-to-date decline, putting pressure on the SNB to
Renowned billionaire hedge fund manager Bill Ackman made headlines recently by revealing a new stake in the popular sports apparel company Nike. Ackman’s Pershing Square Capital Management disclosed that it owned more than 3 million shares of Nike, with a stake valued at approximately $229 million by the end of June. This move marks Ackman’s
Coinbase, a prominent cryptocurrency exchange, has been revealed to hold a staggering $52 billion worth of Bitcoin, solidifying its position as the top holder of BTC with over 4.3% of the total supply. This revelation has sparked discussions about the implications of such a significant Bitcoin reserve in the broader cryptocurrency ecosystem. Recently, Coinbase teased
Alaska Airlines flight attendants recently made headlines by rejecting a new labor deal that would have provided immediate raises averaging over 24%. This decision, communicated by their union on Wednesday, has put both the union and the company back into negotiations. The initial agreement, which was tentatively reached in June, was considered a “record” deal
The construction boom in the U.S. has had a significant impact on the rental market, resulting in lower rents and other benefits for renters. The record levels of construction activity following the pandemic have led to an increase in the supply of empty units, making more inventory available for potential renters. In fact, more multifamily
Starbucks recently made headlines by offering Brian Niccol, the incoming CEO and Chair, a significant pay increase to entice him to leave his position as chief executive at Chipotle Mexican Grill. Niccol is set to begin his new role on September 9th with the daunting task of reviving Starbucks’ declining sales, enhancing customer experiences, and
Municipal bonds experienced improvements on Wednesday as the primary market took center stage. Notably, Chicago made a comeback to price its delayed general obligation bond deal alongside deals from other entities such as the Triborough Bridge and Tunnel Authority, the Pennsylvania Turnpike Commission, and the Las Vegas Valley Water Department. The session was marked by