Long Island Power Authority (LIPA) is gearing up to price a significant billion-dollar bond issuance with its fresh leadership team, expiring third-party manager contract, and an upgraded credit rating from Fitch. This bond issuance includes various components aimed at funding capital improvements, retiring existing bonds, and ensuring financial stability for the electric system. Bond Offering
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As most Asian currencies traded within a tight range on Monday, they failed to fully capitalize on a weaker dollar. The Japanese yen stood out as it strengthened significantly on safe haven demand and the anticipation of further interest rate hikes by the Bank of Japan. Meanwhile, other currencies like the Chinese yuan also appreciated,
In the wake of major disruptions last month, Delta Air Lines CEO Ed Bastian is offering employees two free travel passes as a token of appreciation for their efforts during the chaos. The disruptions were caused by a botched CrowdStrike software update which left thousands of customers and crew members stranded. Delta had a harder
New York City’s five pension funds saw a remarkable performance in the last fiscal year, surpassing their investment targets with a return of 10%. This success was largely driven by the exceptional performance of the U.S. stock market, particularly the S&P 500, which recorded a remarkable 22.7% return. With a combined asset value of $274
Goldman Sachs has identified Madison Square Garden Entertainment as an attractive stock option ahead of its earnings report. Analyst Stephen Laszczyk upgraded the stock to buy from neutral, highlighting positive catalysts on the horizon. The firm believes there is significant upside potential for Madison Square Garden Entertainment due to its unparalleled assets in the entertainment
Jeff Bezos, the founder and executive chairman of Amazon, has been attracting attention not just for his lavish real estate purchases, but also for his significant investments in artificial intelligence. While Bezos is known for his tech-focused investments, his recent buying binge in the AI sector through his family office, Bezos Expeditions, has been particularly
DraftKings, one of the leading mobile betting platforms, recently announced plans to introduce a gaming surcharge on winning bets in states with high sports betting tax rates. This decision comes as the company aims to increase its profits in the face of growing tax burdens imposed by several states on sports betting operators. Starting next
The U.S. Food and Drug Administration recently announced that all doses of Eli Lilly’s highly popular weight loss injection Zepbound and diabetes drug Mounjaro are now available in the United States. This update comes as a relief to many individuals who have been struggling to access these medications due to previous shortages. It was reported
The League of California Cities will be hosting a webinar to provide guidance to potential applicants interested in accessing $3.3 billion in funding that has been expedited by the governor from a bond measure approved by voters in March. This funding, which is set to be released in August, is just the first portion of
Five9 is a company that provides intelligent cloud software for contact centers, catering to customers in the United States and internationally. The company’s virtual contact center cloud platform offers a suite of applications that support various customer service, sales, and marketing functions across different industries. With a stock market value of $3.01B, Five9 has been