The Metropolitan Pier and Exposition Authority in Chicago is planning to sell up to $231 million of refunding bonds for the McCormick Place Expansion Project. The authority aims to use these funds to explore upgrades to the Lakeside Center building and renovate the guest rooms at the Hyatt Regency McCormick. Despite challenges posed by the
The yen’s recent drop to its lowest level against the dollar since 1986 has raised concerns in the currency markets, triggering a wave of speculation about potential intervention by Japanese authorities. This drastic depreciation of the yen has been attributed to the significant interest rate gap between Japan and the United States, leading to a
Crypto miner Core Scientific Inc (NASDAQ:CORZ) has recently caught the attention of analysts at BTIG, who have raised their price target for the company to $15 from $10. This increase is based on new data center contracts and the overall growth potential in the Bitcoin mining sector. The BTIG BTC mining basket, which consists of
In a recent report, Morgan Stanley analysts shed light on a fascinating strategy for investors looking to tap into hidden income potential in the stock market. According to Todd Castagno, a strategist at Morgan Stanley, special dividends could be the key to unlocking an appealing combination of unexpected income and price appreciation. These one-time payments,
Denver Health, Colorado’s primary safety net healthcare provider, is facing a significant financial crisis due to rising uncompensated care costs. With uncompensated care totaling $140 million last year, the health system is struggling to maintain its $1.4 billion budget. Denver Health CEO Donna Lynne has warned that without additional funding, the organization may have to
The housing market is facing significant challenges according to Bank of America economists. They do not foresee a quick recovery in the housing sector and believe that affordability will not improve unless a recession occurs. The bank points out various factors that are working against a substantial increase in sales and a decrease in prices
The U.S. auto industry has seen a 2.9% increase in sales during the first half of the year compared to the previous year. However, concerns are rising about the sustainability of this growth for the rest of the year. Factors such as growing vehicle inventory levels, increasing incentives, and uncertainties surrounding the economy, interest rates,
In the realm of economic news, the South African rand experienced a slight rebound in early trading on Tuesday. This resurgence comes amidst reports from local media outlets indicating progress in negotiations over cabinet positions between the African National Congress (ANC) and the Democratic Alliance (DA) – the two biggest parties in the unity government.
In the realm of cryptocurrency, political meme coins have been gaining significant traction, with former President Donald Trump leading the pack over his rival, Joe Biden. These tokens, known as “PolitiFi” coins, have seen a surge in volume and value as the upcoming U.S. presidential election approaches. While the market for these tokens is relatively
Recently, California Gov. Gavin Newsom and lawmakers came to a budget agreement that aims to address multi-year deficits by cutting $16 billion and declaring a statewide fiscal emergency to tap into reserves. This deal follows Newsom’s initial budget revision in May, which proposed a fiscal structure to balance the budget in 2024-25 and 2025-26 based