Struggling with declining enrollment, Oregon’s Portland State University had its outlook revised to negative by Moody’s Investors Service, affecting $193 million of outstanding debt. Enrollment declined by more than 20% over the past six years, and expectations of continued declines over the next four years at the downtown Portland university were cited by Moody’s in
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The United States equities markets rallied sharply on June 2 even though the nonfarm payrolls in May rose 339,000, blowing past economists’ expectations of a 190,000 increase. A few analysts pointed out that the market was possibly encouraged by the slower growth rate of hourly earnings which was slightly below estimates and an uptick in
Aerial views of new homes under construction in the Pinal County, AZ town of Florence Wednesday, Jan. 26, 2022. Brian Van Der Brug | Los Angeles Times | Getty Images Arizona will not allow new housing construction in the Phoenix area that depends on groundwater, a decision that comes as the state grapples with a
Municipals were slightly firmer Friday, outperforming a U.S. Treasury selloff after a hotter-than-expected jobs report. Equities rallied. Triple-A yields were firmer by up to four basis points while Treasuries were weaker by up to 15 on the short end. Short ratios fell as a result. The two-year muni-Treasury ratio Friday was at 66%, the three-year
Reinvestment needs will top new-issue supply by about $30 billion from June to August, which should boost the asset class after May’s atypical losses. Reinvestments, which includes maturities, called bonds and coupons, total over $114 billion over the next four months, according to ICE Data. While June often begins softer as investors assess how new-issue
AES Puerto Rico, a firm that supplies about 21% of the electricity transmitted by the Puerto Rico Electric Power Authority, defaulted Thursday, missing an $18 million interest and principal payment on outstanding municipals it priced through a conduit in 2000. In a notice to the Municipal Securities Rulemaking Board’s EMMA site on Friday, AES Puerto
The Austin City Council on Thursday approved an $88 million settlement with an airport terminal operator that will allow a largely bond-financed expansion and development program at the Austin-Bergstrom International Airport to move forward with a midfield concourse project. The settlement paid with airport revenue will end litigation against the city by LoneStar Airport Holdings,
A two-bedroom condo in famed architect Robert A.M. Stern’s celebrity-filled 15 Central Park West takes in panoramic views of the park. The apartment sits on the 27th floor of “the Tower” of the two-building complex, overlooking the iconic green space and the Manhattan skyline that borders it. The building was constructed in the mid-2000s and
CIA director Bill Burns travelled to China last month, a clandestine visit by one of President Joe Biden’s most trusted officials that signals how concerned the White House had become about deteriorating relations between Beijing and Washington. Five people familiar with the situation said Burns, a former top diplomat who is frequently entrusted with delicate
The European crypto scene has gained significant traction over the past few years, with a surge in the interest in and adoption of cryptocurrencies and blockchain technology. While the crypto industry is often associated with decentralization, innovation and financial freedom, it is not immune to various political ideologies and influences, and right-wing movements are no
In this article FDS Follow your favorite stocksCREATE FREE ACCOUNT A view of a Canadian athletic apparel retailer Lululemon logo seen at one of their stores. Alex Tai | LightRocket | Getty Images Check out the companies making headlines in early morning trading. MongoDB — The data developer platform stock surged 27% after the company issued
The number of staked Ether (ETH) in May reached a new all-time high of 2.96 million ETH, or approximately 2.46% of the total ETH supply. The amount of staked ETH in May does not include withdrawals and is more than twice as big as the second-highest staked amount of ETH registered in February 2022. The
Bitcoin (BTC) bounced near multiple support trend lines into June 2 as market indecision remained in force. Traders bet on $27,500 BTC price ceiling Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $26,519 on Bitstamp after the daily close. The pair showed little signs of trend change as a stalemate between
Crypto Twitter has been flooded with warnings from users, after the Twitter account of Mita Murati, the chief technology officer of artificial intelligence firm OpenAI, was seemingly hacked — promoting a “scam” cryptocurrency airdrop. On June 2, Murati’s account tweeted what appears to be a phishing link promising an airdrop of a purported ERC-20 token OPENAI
Massachusetts state senators approved a $56 billion budget for the fiscal year 2024 last week, forwarding along for final debate a package that preserves many of the central features of Gov. Maura Healey’s landmark tax relief package. Senators followed in step with their counterparts in Massachusetts’ House in approving a package along the lines of
Modern Family actress Sofia Vergara is saying goodbye to her $18 million Los Angeles mansion—again. Vergara and her husband, Joe Manganiello, have officially relisted their Mediterranean-style Beverly Hills mansion with a $2 million price cut. Last year, the couple listed the home for $20 million, and while they’ve slashed the price, it’s still $7.4 million
Two Missouri-based hospital operators, BJC HealthCare and Saint Luke’s Health System, are the latest to join the trend of large-system mergers. The two signed a letter of intent to form an integrated not-for-profit Missouri-based health system Wednesday. The systems will work to reach a definitive agreement “in the coming months” with a closing anticipated by the
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Ejs9 | E+ | Getty Images Assessing how fast prices are changing for consumers may sound straightforward. But that’s not always the case — measurement quirks in consumer price index categories such as housing, technology and health insurance mean inflation readings don’t always jibe with the actual prices people pay. The dynamic is important: It
A lawsuit against the Oklahoma Turnpike Authority over the initial disclosure to the general public of its $5 billion, bond-financed extension project ended in defeat Wednesday with the state Supreme Court overturning a lower court ruling that found the agency violated the Open Meeting Act. The ruling comes as the high court continues to weigh