An Oklahoma judge recently made a significant decision by issuing a permanent injunction against the enforcement of a state law that targeted financial firms for divestment purposes. The Energy Discrimination Elimination Act, which led to four investment banks being banned from underwriting municipal bonds, faced opposition due to its vague nature and violation of Oklahoma’s
Industry
An unprecedented IT outage on Friday caused major disruptions in global operations, affecting several airlines and resulting in halted flights, delays, and service disruptions. The outage was linked to a technical update by cybersecurity giant CrowdStrike, leaving organizations like Microsoft scrambling to restore apps and services. Flight update monitors at airports around the world displayed
The capacity of state transportation departments has been identified as a significant factor contributing to the high infrastructure costs in the United States. According to a recent study presented at the Brookings Municipal Finance Conference, the shrinking workforce within state DOTs over the past decade has led to outsourcing and the hiring of expensive consultants.
The recent case involving Michelle Mack, the ringleader of a nationwide organized retail crime operation, has shed light on the severe impact such criminal activities can have on major retailers like Ulta Beauty and Sephora. Mack’s operation, which was primarily run from her 4,500-square foot mansion in Bonsall, California, involved a network of about a
The solar industry has been facing a challenging week as solar stocks have taken a hit due to the political landscape. With Donald Trump gaining ground in the polls and the Republican Party rallying around him post an assassination attempt, the future of the renewable energy sector seems uncertain. This article examines the recent developments
The debate over strategies and long-term fiscal responsibility regarding pension investments in funds that favor environmental, social, and governance factors continues to be a hot topic among red and blue state treasurers. While some argue that ESG is a key strategy to determine the long-term sustainability of a company, others believe that it may invite
Ford Motor Company has recently announced a significant change in its production plans, shifting focus from electric vehicles (EVs) to the expansion of its large Super Duty trucks. This decision comes after previously earmarking a Canadian plant for EV production. Let’s delve into the details of this strategic pivot and analyze the implications it may
Willow Bay and Bob Iger have recently acquired a controlling stake in Angel City Football Club, the most valuable women’s professional sports team in the world. This investment, whose exact amount remains undisclosed, has put the team’s value at an impressive $250 million. In addition to this initial investment, Bay and Iger have committed to
In a move to transform the global currency exchange market, Ripmex has announced the presale of its revolutionary RPX tokens. RPX, a real-time gross settlement token, is designed to facilitate secure and low-cost transactions for banks, payment providers, digital asset exchanges, and businesses. By eliminating commission fees, RPX not only enhances potential profitability but also
Phoenix is returning to the municipal market after 12 years with a new money general obligation bond issue. The city’s chief financial officer, Kathleen Gitkin, has expressed high expectations for the $238.8 million tax-exempt and taxable deal, which is scheduled to price through a Piper Sandler-led team of underwriters. According to Gitkin, there is a