The recent transaction involving Florida’s Brightline passenger train and Assured Guaranty highlighted the importance of insured bonds in infrastructure financing. Assured Guaranty wrapped over half of the senior bonds issued by the passenger rail line, giving them control in the event of debt payment trouble. This control is crucial as it allows Assured to make
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In Zurich, Switzerland, Galaxis is gearing up for its highly anticipated token launch on Bybit, with the IDO kicking off the first phase. To add more excitement to the launch, Galaxis has revealed a generous $1,000,000 Community Creator and Community Member Grant Program. This program aims to incentivize both community creators and members to actively
Renting a place in a major city can be a significant financial decision, particularly considering the high cost of living in these areas. Financial experts often recommend spending no more than around 30% of your pre-tax income on rent to ensure financial stability. Data collected in April from government websites and real estate marketplaces was
The healthcare sector has experienced a significant rebound in issuance, with a 122.2% increase year-over-year through April, reaching $9.062 billion in the first four months of 2024. This surge comes after a period of declining volume, driven by factors such as federal stimulus funding, strong investment returns, deferred capital plans, and rising rates. Hospital issuance
Wayfair, the online furniture retailer, announced a decline in sales during its first quarter. However, the company managed to reduce its losses after implementing a significant workforce reduction at the beginning of the year. Despite the drop in sales, Wayfair surpassed Wall Street’s expectations both on the top and bottom lines. The company reported a
The U.S. Department of Transportation recently made headlines with their announcement of the first-ever Transportation Infrastructure Financing and Innovation Act loan for a transit-oriented development project. This groundbreaking move is set to revolutionize the way we approach transportation infrastructure projects in the future. Let’s delve deeper into the implications of this significant development. The 2021
The recent statements made by Fed Chair Jerome Powell had a significant impact on the forex markets, particularly in relation to the U.S. dollar and Japanese yen. Powell’s ruling out of any rate hikes caught many traders off guard, leading to volatility in the market as investors reassessed their positions. Following Powell’s comments, the U.S.
As earnings season progresses, the repercussions for companies that fail to meet expectations are becoming increasingly severe. CNBC Pro has pinpointed certain stocks that investors should approach with caution due to significant reductions in earnings estimates prior to their reports. Despite a majority of S & P 500-listed companies exceeding Wall Street’s expectations, it is
President Biden’s recent efforts to revise environmental permitting rules in line with his climate and environmental justice goals have faced significant opposition from construction groups and Republicans. They argue that these changes will result in delays for crucial infrastructure projects and lead to increased costs. The administration’s final rule, aimed at revising the National Environmental
Johnson & Johnson (J&J) has recently announced its plan to pay $6.5 billion over a period of 25 years to settle the majority of the lawsuits in the U.S. related to its talc-based products allegedly causing ovarian cancer. This move comes after years of legal battles and negative publicity surrounding the safety of J&J’s talc