Long Island Power Authority (LIPA) is gearing up to issue a $1.021 billion bond, with a fresh leadership team and an improved rating from Fitch. The bond will consist of $736 million of tax-exempt fixed-rate bonds and $285 million of tax-exempt fixed-rate mandatory tender bonds. Series A will fund capital improvements and refund existing bonds,
Business
Pop Mart, a Chinese toy company, has managed to buck the trend of reduced consumer spending over the summer by reporting impressive double-digit growth in the first half of the year. This growth has exceeded expectations, with revenue projected to increase by at least 55% and profits by 90% or more. The stock market responded
Over 14 years ago, Bitcoin could be acquired for a mere $0.05, according to Bitcoin historian Pete Rizzo. This seemingly insignificant value stands in stark contrast to Bitcoin’s current market price of over $60,000. The evolution and mainstream adoption of Bitcoin over the years have been nothing short of remarkable. In 2010, Bitcoin was still
The automotive industry is constantly evolving, with companies like Ford Motor leading the charge in innovation and technological advancements. One such example is the redesigned 2025 Ford Maverick, a small but mighty pickup truck that is making waves in the market. The latest updates to the Maverick include a host of exciting features that are
The city of Gary, Indiana, is embarking on a revitalization effort aimed at transforming the downtown area through strategic bond financings. With projects in the pipeline such as the Gary Metro Center station redevelopment and the construction of a convention center in Lake County, the city is collaborating with Notre Dame’s School of Architecture to
On July 31, 2024, Bybit, the world’s second-largest cryptocurrency exchange, will host a livestream event featuring Web3 experts discussing the topic of “Blinks, AI, Ignition: Bridging Web3 and Web2.” The event aims to shed light on new crypto innovations that integrate blockchain applications into traditional digital platforms like Facebook and Twitter, enabling new crypto payment
With the upcoming change in administration in 2025, traders and investors are left wondering about the impact on the markets and economy. The stark differences in policy platforms between the two parties raise concerns about the future. A hypothetical handbook titled “What to Expect When You’re Electing” could provide insights into the potential economic prospects
The automotive industry took a hit this week as major U.S. automotive stocks experienced a decline. Ford Motor, in particular, faced a significant drop of more than 17% in early trading Thursday, marking its worst decline since 2009. The company missed Wall Street’s bottom-line earnings expectations, largely due to ongoing warranty problems. General Motors and
Lamb Weston, the Idaho-based supplier of frozen potato and vegetable products, faced a major setback as it emerged as the worst-performing stock in the S & P 500 following disappointing quarterly results. The fully diluted earnings per share plummeted over 70% from the same period the previous year, triggering a massive dip in the stock
Ford Motor recently reported its second-quarter earnings, falling short of Wall Street’s expectations on earnings per share while exceeding revenue estimates. The automaker faced challenges due to warranty costs that have been an ongoing issue for several years. Despite beating revenue projections, Ford’s stock took a hit, dropping about 11% after the markets closed. The