Living in a major city can be a dream for many people, but it comes with a hefty price tag. According to data by Numbeo, the monthly rent in Shanghai’s city-center costs approximately $2,700. This high cost of living is not limited to Shanghai, as major cities in Asia like Hong Kong and Singapore also
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In a bold move, Charlie Visconsi and Ron Van Den Handel have departed from Preston Hollow Community Capital to establish V2 Municipal Capital, a firm dedicated to sourcing high-yield municipal deals in partnership with alternative asset manager Fundamental Advisors. This new venture marks a significant shift in the landscape of municipal finance, as Visconsi 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
As demand for carbon-free energy continues to grow, NextEra Energy is evaluating the possibility of restarting the Duane Arnold Energy Center in Palo, Iowa. The plant halted operations in 2020 after serving for 45 years. NextEra CEO John Ketchum emphasized the need for a comprehensive risk assessment before making a decision on restarting the reactor.
Alphabet investors were in for a rollercoaster ride as the tech giant reported its second-quarter earnings. While the company managed to exceed expectations, the news of lower-than-expected YouTube advertising revenue sent shares tumbling by about 5%. This decline was further exacerbated by Alphabet’s announcement of plans to significantly increase capital expenditures in order to meet
In the fast-paced world of technology, the demand for artificial intelligence and cloud computing services is on the rise. Companies like Microsoft are at the forefront of this trend, with a leading position in both AI and cloud computing. As Alphabet recently reported impressive cloud revenue growth, it is clear that Microsoft is poised to
In a groundbreaking move, LandX Finance and Dominion Blockchain Solutions Ltd. have joined forces to revolutionize grain inventory financing. This strategic partnership aims to bring about a significant shift in the landscape of decentralized finance, leveraging cutting-edge blockchain technology to bridge the gap in agricultural financing. At the core of this collaboration lies LandX Credit
The recent market trends have highlighted a shift in investor sentiment, with a rotation from big cap tech stocks to smaller cap stocks. This movement is driven by hopes of an improving interest rate and inflation outlook. However, amidst this shifting landscape, Bank of America’s Savita Subramanian has pointed out a corner of the market
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