The U.S. higher education sector is pressured by declining enrollment and inflation-adjusted tuition revenue declines, according to Moody’s Investors Service and Fitch Ratings. In the current fiscal year median enrollment is expected to decline by 0.4% for private universities and by 1.3% for public ones compared to the preceding fiscal year, said Moody’s Senior Credit
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Municipals saw healthy secondary trading on the short-end of the yield curve Wednesday, while U.S. Treasuries saw larger gains out long and equities improved after the Federal Open Market Committee minutes showed an expectation of slowing rate hikes. The improved tone continued Wednesday, with triple-A muni yields falling up to nine basis points on the
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As revenue projections inch toward pre-pandemic norms, the Port Authority of New York and New Jersey plans on more capital spending heading into new year, according to its recently proposed fiscal 2023 budget. “We are laser-focused on building a future that benefits all users of our facilities and supports the entire region’s economy,” Port Authority
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Through the first week of November 2022, the Web Summit, hosted in Lisbon, Portugal, brought together over 70,000 technology-focused attendees from across the globe. Perspectives on the opportunities and challenges facing business, innovation, and government were discussed. Beyond speaking engagements, the Web Summit featured pitch competitions and afterparties, with one featuringDJsDavid Guetta and Armin Van
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If youre nuts about fintech, are new to the industry or even a seasoned pro, youll want to join the more than 1,000 attendees expected at this years Benzinga Fintech Deal Day & Awards. Make critical connections with successful fintech leaders. Meet more fintech business leaders in oneday than you would in a year. Its
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On Friday, Kris Marszalek, CEO of cryptocurrency exchange Crypto.com,announced that he would share a full audited proof of reserve. The dashboard view of the Crypto.com reserve, provided by Nansen, showed that over 20% of the exchanges reserve was held in Shiba InuSHIB/USD tokens, a speculative Eth-based meme coin. However, after reviewing the shared data, Twitter
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Increased activity at Houston airports led S&P Global Ratings to boost certain ratings by a notch as the city eyes debt issuance for the three-airport system in the first quarter of 2023. The rating agency raised the system’s subordinate-lien general airport revenue bond rating to A-plus from A with a stable outlook affecting about $2.2
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Despite a negative return in the latest quarter, New York State’s retirement fund is “built to weather the ups and downs of the markets,” even with an investment environment termed “challenging,” according to New York State Comptroller Thomas DiNapoli. The New York State Common Retirement Fund’s estimated value at the end of the second quarter
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Puerto Rico Electric Power Authority bondholders, insurers and the PREPA bond trustee defended their lien on authority revenues in a bankruptcy adversary proceeding. Responding to the Oversight Board’s filing in the lien adversary proceeding, bondholders said their liens extend beyond money in the Sinking Fund and Self-Insurance Fund to revenues generally including future revenues and
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A beautifully designed kitchen is essential for several reasons. Primarily, it is the space where we spend the most amount of time with family, cooking, eating, or even working. It’s also important to keep in mind that the right kitchen can add to the resale value of a home. While all-white and farmhouse-style kitchens have
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Municipals were firmer Tuesday on the short end, while U.S. Treasury yields saw larger gains five years and out. Equities closed in the black as the markets digested more Fedspeak. While Federal Reserve members have continued to emphasize the need to continue tightening, comments from San Francisco Fed President Mary Daly indicated a “pause is
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