Berkshire Hathaway, under the leadership of Warren Buffett, has been keeping a tight lid on its recent investment in the financial industry. The veil of secrecy surrounding this confidential wager has sparked speculation among investors and analysts alike. With the upcoming annual shareholder meeting, there is anticipation that the identity of the stock or stocks
investment
Apple’s recent earnings announcement may not have provided specific updates on its artificial intelligence capabilities, but Wall Street analysts are optimistic about the company’s AI strategy. This optimism has been reflected in Apple’s stock performance, with shares rising nearly 7% after the earnings report. More substantial updates on Apple’s AI offerings are expected to be
Hawaii Governor Josh Green faced a significant setback when he failed to convince lawmakers to consider legislation that would have allowed struggling Hawaii Electric Co. (HECO) to issue bonds backed by a rate increase. Senate Bill 2922, introduced by Senate Commerce and Consumer Protection Chair Jarrett Keohokalole, aimed to enable HECO to issue up to
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
Jeffrey Gundlach, the CEO of DoubleLine, has recently highlighted a new opportunity for income-seeking investors – closed-end funds. These funds, which are a relative of traditional open-end mutual funds, trade on public exchanges and offer a limited number of shares. This limited availability can cause the share price to trade at either a discount or
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
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 current trend in the Ethereum market is depicted by an ascending price channel, indicating a positive outlook in the short term. However, the placement of Ethereum near the lower boundary of the channel raises concerns about a potential breakdown acceleration towards the $2,700 mark. This would signify a significant shift in market sentiment and
The municipal market has seen little movement in secondary trading, with the primary market taking center stage due to a number of deals being launched. Leading the pack is a substantial $1.9 billion Novant healthcare revenue bond deal in the negotiated market, alongside a general obligation sale from Delaware. While U.S. Treasuries experienced weakness, equities
Transportation Secretary Pete Buttigieg recently presented the Biden administration’s priorities for the upcoming fiscal year to House lawmakers. These priorities encompass a broad spectrum, ranging from the maintenance of existing infrastructure to the promotion of innovative projects such as high-speed rail. One of the key focus areas outlined by Buttigieg is the prevention of infrastructure