The Municipal Forum of New York recently hosted its 33rd annual awards and leadership fellows fundraising dinner to honor outstanding individuals in the municipal finance industry. Among the recipients were Marjorie Henning, Albert Simons, and Jacques Jiha, who were recognized for their significant contributions and achievements. The event serves as an opportunity to celebrate the
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Red Lobster, a well-known seafood chain, recently filed for Chapter 11 bankruptcy protection. This decision comes as a result of the company facing significant debt and long-term leases, which have weighed it down. In a statement, the company mentioned having a “stalking horse bid” from its existing lenders to buy the company, unless a higher
The global venture capital investment in crypto companies has seen a resurgence, reaching $2.4 billion in the first quarter of 2024. This marks a significant increase from the $1.7 billion invested in the last quarter of 2023, signaling a renewed interest from investors in the crypto industry. Despite this positive development, it is essential to
Wall Street analysts have significantly increased their price targets on Nvidia, a prominent player in the artificial intelligence market. Stifel, Baird, and Barclays all raised their price targets, with Stifel’s forecast implying a nearly 30% upside. Despite the positive outlook, it is essential to consider the potential risks associated with such ambitious targets. The analysts’
Bitcoin price showed little movement on Monday, remaining within a trading range of $60,000 to $70,000 established since mid-March. Despite a rebound over the weekend, the cryptocurrency steadied at $67,148.4 by 01:01 ET (05:01 GMT), with few catalysts in sight for an immediate breakout. The stability can be attributed to persistent caution over the outlook
The recent cautious comments from Federal Reserve officials have left investors uncertain about the future path of U.S. interest rates. Despite signs of cooling inflation, the dollar remains stable as traders await further clues. Speculation on potential rate cuts has led to varying predictions, with markets pricing in at least two rate cuts this year.
In a surprising turn of events, Warren Buffett’s Berkshire Hathaway has been consistently offloading its stock holdings for the past six quarters. Despite making headlines with the recent acquisition of a stake in insurer Chubb, Berkshire has reported net sales exceeding $17 billion in publicly-traded stocks in the first quarter alone. This trend of selling
The electric car market in China is witnessing a shift in consumer preferences that goes beyond mere price competitiveness. Recent surveys conducted by industry analysts have revealed that Chinese consumers are now placing a greater emphasis on the features and technology offered by electric vehicles. While price sensitivity remains a factor, the willingness to pay
Phoenix seems to be making strides towards winning the battle against inflation compared to other cities. Recent data shows that when rental prices decrease, overall inflation tends to follow suit. In Phoenix, consumer prices rose by 2.6% from April 2023 to last month, which is slower than the national average of 3.4% and lower than
In the first quarter of the year, hedge funds exhibited a diversified approach to technology investing as the sector continued to extend its 2024 rally. Despite the significant gains seen in technology stocks, some major players chose to lock in profits during this period. For instance, Scion Asset Management’s Michael Burry and Viking Global’s Ole