A small-town southwest Missouri hospital is scrambling to restructure after its bond trustee declared it to be in default. In a special meeting Friday, the board of Nevada Regional Medical Center agreed to hire Stroudwater Associates’ Jason McCormick as its chief restructuring officer. The hospital had been searching for someone to fill that role after
Municipals saw losses Friday but outperformed by mostly sitting out a larger sell-off in U.S. Treasuries after jobs data showed higher-than-expected gains, forcing another recalibration for participants on rate cut timing. The January employment report came in stronger than expected, with wages rising at the highest rate since March 2022, leading analysts to suggest Federal
Los Angeles International Airport had the private-activity bonds supporting its people mover train downgraded to junk with Fitch Ratings citing continuous and ongoing delays and a strained relationship between the developer and the airport. The $1.2 billion in PABs issued through the California Municipal Finance Authority for the project were downgraded to BB-plus from BBB-minus
Cleveland-based KeyBanc Capital Markets has tapped AJ Maggio as managing director and national sales manager of fixed income. Maggio will be based in Chicago and report to Brian Brennan, national head of fixed income and derivatives. “AJ has a demonstrated track record growing, recruiting and managing sales producers across all products,” said Brennan. “He also
The Biden administration will not be appealing to the Supreme Court an Eleventh Circuit ruling in favor of states, who’ve challenged the American Rescue Plan Offset Provision that bars states from using federal aid dollars to fund tax cuts, in what may be an end to those state challenges. That decision was communicated in a
The Education Finance Council is turning up the pressure on the Internal Revenue Service for clarifications on bond rules that have gone unanswered for four years. The trade group, which represents state-based and nonprofit higher education finance organizations, is asking the agency via a letter to clarify requirements listed in Section 144(b) of the Internal
Loading… Loading… During midday Thursday trading in New York, U.S. stocks displayed mixed performance, with the technology sector outperforming others as investors maintained a bullish outlook on artificial intelligence, temporarily setting aside concerns about interest rates. Additionally, economic data released Thursday morning revealed a robust labor market, with unemployment benefits registering well below expectations for
The gig economy seems to be here to stay. In the U.S. alone, there are more than 70.4 million freelancers, and that number has been growing for the past few years. By 2028, it is projected that there will be upwards of 90 million gig workers who will constitute close to 50% of the domestic
Loading… Loading… MX Technologies, the fintech known for automating money experiences,announced the launch of Customer Analytics, which can help financial services providers with enhanced transaction data and insights to reduce costs and boost engagement. MX describedthe launch as a game changer, leveraging artificial intelligence and machine learning, enabling organizations to harness the power of data
celestial nomads — Why interstellar objects like Oumuamua and Borisov may hold clues to exoplanets Two celestial interlopers in Solar System have scientists eagerly anticipating more. Theo Nicitopoulos, Knowable Magazine – Feb 2, 2024 12:15 pm UTC Enlarge / The first interstellar interloper detected passing through the Solar System, 1l/Oumuamua, came within 24 million miles
When Stephen Miller left his primary care practice to work in public health a little under two years ago, he said, he was shocked by how many cases of syphilis the clinic was treating. This story also ran on WPLN. It can be republished for free. For decades, rates of the sexually transmitted infection were
toxic waste, seriously? — Teslas week gets worse: Fines, safety investigation, and massive recall There have been 2,388 complaints about steering failure in the Model 3 and Model Y. Jonathan M. Gitlin – Feb 2, 2024 3:35 pm UTC Enlarge / More than 2,000 Tesla model-year 2023 Model Y and Model 3s have suffered steering
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US economy added 353,000 jobs in January, almost twice as many as expected, leading investors to rein in expectations of interest rate cuts. Economists had expected the country to have added 180,000 jobs last
Sneksy | E+ | Getty Images Rent prices are coming down in some areas, but not at the pace needed to relieve tenants struggling to pay rent. Half of renters in the U.S. spent more than 30% of their income in 2022 on rent and utilities, according to the new America’s Rental Housing report by
The gig economy seems to be here to stay. In the U.S. alone, there are more than 70.4 million freelancers, and that number has been growing for the past few years. By 2028, it is projected that there will be upwards of 90 million gig workers who will constitute close to 50% of the domestic
Loading… Loading… As we step into 2024, the retail landscape is witnessing a transformative trend the meteoric rise of Buy Now, Pay Later (BNPL) services. This year, these services are not just growing but reshaping how consumers approach shopping, especially online. BNPL payments in the United States are expected to grow by 19.0% to reach
Loading… Loading… During midday Thursday trading in New York, U.S. stocks displayed mixed performance, with the technology sector outperforming others as investors maintained a bullish outlook on artificial intelligence, temporarily setting aside concerns about interest rates. Additionally, economic data released Thursday morning revealed a robust labor market, with unemployment benefits registering well below expectations for
Looking for the next unicorn to invest in? Check out OurCrowds growing list of portfolio companies. From artificial intelligence to telehealth, startups from all corners of the world are churning out innovative and game-changing technology, businesses and solutions. Historically, getting access to these startups as an investor has proven difficult unless you are an insider
Stacked — Rocket Report: SpaceX at the service of a rival; Endeavour goes vertical The US military appears interested in owning and operating its own fleet of Starships. Stephen Clark – Feb 2, 2024 12:00 pm UTC Enlarge / Space shuttle Endeavour, seen here in protective wrapping, was mounted on an external tank and inert
Crime doesn’t pay — Convicted console hacker says he paid Nintendo $25 a month from prison As Gary Bowser rebuilds his life, fellow Team Xecuter indictees have yet to face trial. Kyle Orland – Feb 1, 2024 11:57 pm UTC Enlarge / It’s-a me, the long arm of the law.Aurich Lawson / Nintendo / Getty