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
strategies
The municipal market experienced little change on Wednesday, with a focus on the primary market activities that showcased a high volume of issuance from major entities such as the New York City Transitional Finance Authority and the Regents of the University of California. Additionally, the market was influenced by the performance of U.S. Treasuries and
In a move to transform the global currency exchange market, Ripmex has announced the presale of its revolutionary RPX tokens. RPX, a real-time gross settlement token, is designed to facilitate secure and low-cost transactions for banks, payment providers, digital asset exchanges, and businesses. By eliminating commission fees, RPX not only enhances potential profitability but also
As the second-quarter earnings season kicks off, Mark Mahaney from Evercore ISI has provided an update on his tactical calls for the large-cap internet sector. His optimistic outlook for the sector is based on sustainable valuations and favorable market conditions for the remainder of the year. Analysis of Top Picks Mahaney’s top picks include Alphabet,
As the second-quarter earnings season gains momentum, investors are eagerly awaiting the reports of several key companies to determine the future direction of the stock market. Last week, major players such as Citigroup, JPMorgan Chase, Delta Air Lines, and PepsiCo set the tone with their earnings releases. With FactSet data showing an impressive 18% earnings
Bill Ackman, the founder of Pershing Square, credits Warren Buffett as the primary inspiration behind his successful 20-year-old hedge fund management company. In a recent virtual presentation during a roadshow to pitch Pershing Square USA Ltd., Ackman reflected on how discovering Buffett’s writings in his early 20s significantly influenced his investment philosophy. Ackman acknowledged learning
As the U.S. presidential election approaches, professional investors are emphasizing the importance of diversification in their portfolios. The stock market has seen significant growth this year, reaching all-time highs, despite uncertainties surrounding interest rates and election-related risks. To better understand how investors should position their assets, three Wall Street professionals shared their insights on the
Smith & Nephew, a British medical technology company, has made a name for itself in the global market by developing, manufacturing, and selling a wide range of medical devices and services. With segments like Orthopedics, Sports Medicine, and Ear, Nose and Throat, as well as Advanced Wound Management, the company has established itself as a
One of the notable highlights in the recent analyst calls and Wall Street chatter was the upgrade of Spotify Technology by Jefferies. The upgrade included a shift from hold to buy, with a price target of $385, implying an upside of 26.2% from the previous close. Analyst James Heaney expressed confidence in Spotify’s potential to
Many U.S. cities, including New Orleans, New York City, Miami, and south San Francisco, are experiencing the concerning issue of land subsidence. This phenomenon poses a serious threat to the integrity of buildings and infrastructure, ultimately affecting homeowners. Studies have shown that land subsidence can cost homeowners up to 6% of their home value. In