The village of Dolton, a suburb of Chicago, has found itself in dire financial straits, with a negative $3.65 million balance in its general fund as of May. What is even more alarming is the fact that the village has failed to submit any audited financial reports since the fiscal year 2021, despite statutory requirements
Revenue
The news of Blink Fitness filing for Chapter 11 bankruptcy protection is a clear indication of the financial struggles faced by companies in the fitness industry post-pandemic. With the closure of gyms and fitness centers during lockdowns, many companies have been hit hard, leading to bankruptcy filings and restructurings. Blink Fitness, with over 100 centers
Morgan Stanley’s focus on defensive quality stocks has become more pronounced in recent months, according to its chief U.S. equity strategist, Michael Wilson. Despite the ongoing surge of major U.S. indexes to record highs, the firm continues to emphasize the importance of defensive positioning in investor portfolios. Wilson believes that amidst increasing market volatility, investors
In the midst of economic uncertainty and market volatility, dividend-paying stocks have emerged as a safe haven for investors looking to navigate the turbulent waters of the U.S. stock market. These stocks not only provide a steady stream of income but also offer a degree of stability that can help investors weather market fluctuations. One
In today’s volatile stock market, investors are constantly seeking safe investments to protect their capital. The recent fluctuations in the market have left many unsure about where to invest their money. However, there are some large-cap stocks in the health care sector that have proven to be reliable even in tumultuous times. One sector that
Bank of America analysts believe that Apple remains a strong buy, with analyst Wamsi Mohan emphasizing that “the best is yet to come” for the iPhone maker. Despite a recent decline in Apple shares, Mohan is optimistic about the potential for significant acceleration in smartphone units in the upcoming quarter, as well as overall growth
The recent global rout in the stock market has undoubtedly created a period of volatility, causing major indexes to tumble. However, despite the initial downturn, there seems to be a glimmer of hope for certain stocks to rebound. The key question that arises is whether investors should seize this opportunity for potential gains or exercise
Tim Walz, the governor of Minnesota, has been at the forefront of proposing major investments in the state’s infrastructure. His $3.3 billion bonding bill, which aimed to address various infrastructure needs, was considered to be the largest in the state’s history. Additionally, earlier in the year, he proposed a $1 billion infrastructure package, showcasing his
Automaker Stellantis has recently announced plans to indefinitely lay off up to 2,450 U.S. factory workers as it discontinues production of an older version of its Ram 1500 pickup truck in Michigan. This decision comes as the company shifts its focus to the newer generation of the Ram 1500, which has been in production since
The municipal bonds market witnessed a weaker trend on Thursday due to the rise in U.S. Treasury yields and the rally in equities. Triple-A yields saw an increase of two to seven basis points, while USTs rose four to five points as volatility persisted in both markets. This recent trend has been characterized by “crazy