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
investment
The municipal bond market has shown little change in recent days, with U.S. Treasuries being firmer and equities experiencing mixed activity towards the end of the session. Despite this stability, municipal bond yields remain consistent with levels observed at the beginning of the summer last year. According to Tom Kozlik, the managing director and head
As the demand for data centers continues to surge, driven by the increasing computing needs of artificial intelligence, cryptocurrency, cloud service providers, and social media companies, the need for more data center capacity is becoming urgent. According to Moody’s Ratings, data center capacity will need to more than double by 2028 to keep up with
The recent Bitcoin 2024 event held in Nashville, Tennessee, brought together over 20,000 attendees, including influential figures like former U.S. president Donald J. Trump and Senator Cynthia Lummis. The support from U.S. politicians for Bitcoin and the mining industry was overwhelming, marking a significant shift in the perception of cryptocurrency at the government level. During
Vanguard, a renowned asset management giant known for its low-cost investment options, has been facing criticism over its customer service in recent years. The new CEO, Salim Ramji, has made it clear that improving the customer experience is at the top of his agenda. One common complaint from Vanguard customers is the difficulty in reaching
The U.S. Soccer Federation is embarking on a new venture, seeking to fund its headquarters and training facility in Georgia. The federation is issuing $200 million of tax-exempt revenue bonds to finance most of the project’s $225 million cost. The Arthur M. Blank U.S. Soccer Training Center aims to be a unique facility that will
The Bitcoin Conference 2024, which took place in Nashville from July 25-27, created a buzz among attendees with former President Donald Trump’s remarks on Bitcoin. His presence alone at the event stirred significant interest and optimism, leading to a noticeable rise in Bitcoin’s price. The anticipation that Trump might endorse Bitcoin as a strategic reserve
New York City is set to offer $1.2 billion of refunding general obligation bonds, marking its first deal of the fiscal year. With the market’s appetite for Big Apple debt being closely watched, there are both challenges and opportunities that come with such a significant issuance. The city’s regular presence in the market has created
Investors often turn to dividend-paying stocks to help stabilize their portfolios in times of market volatility. One such stock that stands out among Wall Street analysts is Western Midstream Partners (WES), a limited partnership that owns and operates midstream assets in several states. Analysts have praised WES for its impressive dividend yield of 8.8% and
Warren Buffett, also known as the Oracle of Omaha, has recently made a surprising move by downsizing one of his longest-held and largest positions – Bank of America. Berkshire Hathaway unexpectedly unloaded 52.8 million Bank of America shares worth $2.3 billion during a six-day selling spree. This marked the first time since late 2019 that