Tejon Ranch, the largest stretch of private land in California, is embarking on a project to expand its commercial center located roughly 83 miles north of downtown Los Angeles. The proposed expansion, financed through a $61.6 million municipal bond issuance, aims to more than double the size of the Tejon Ranch Commerce Center. The current
Legal
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
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
Jerome Powell, the current Federal Reserve Chair, has confirmed that he will be completing his four-year term as the top official within the Fed Board of Governors, which ends in May 2026. This confirmation came during an onstage interview at the Economic Club of Washington, D.C. on Monday afternoon. However, Powell declined to speculate on
Investors experienced a significant shift in the U.S. equities market on Thursday, with the Russell 2000 surging by approximately 3.5% while the S & P 500 saw a decline of nearly 1%. This divergence has sparked discussions on whether this is merely a case of profit-taking within the Magnificent 7 or if it signals the
Following the U.S. Supreme Court’s recent decision to overturn the Chevron doctrine, House Republican leaders have initiated a review of the Biden administration’s environmental, social, and governance agency regulations. This decision has led to significant concerns among policymakers regarding the impact of the ruling on existing regulations and future rulemaking. House Transportation and Infrastructure Committee
In a move that could potentially shake up the pharmaceutical industry, the Federal Trade Commission (FTC) is reportedly planning to sue three major U.S. health companies for their practices as middlemen in negotiating prices for medications, particularly insulin. The agency alleges that these practices are inflating costs for patients, causing concern among consumers and industry
Michael Saylor, co-founder of MicroStrategy, a business intelligence giant known for accumulating Bitcoin, recently addressed the crypto community with a bullish tweet regarding Bitcoin’s stability. This tweet came amidst a period where Bitcoin experienced significant volatility in the market. During the past 24 hours, Bitcoin saw a recovery of 4.89%, moving away from the $53,900
In a groundbreaking move, E Money Network, a modular RWA blockchain based in Bengaluru, India, has recently unveiled their massive $2 million RWA grant program. This initiative is aimed at empowering RWA projects to thrive on their blockchain platform and accelerate the growth of the RWA economy. By providing a solid foundation and a wide
As June came to a close in 2024, the municipal market seemed to end on a quiet note. Despite a new-issue slate of only $240 million, there were still significant movements to observe. Munis were able to outperform U.S. Treasuries on Friday, maintaining stability while government securities experienced losses. Equities also saw a decline following