In a groundbreaking move, New York City Comptroller Brad Lander has publicly endorsed a policy that could exclude all fossil fuel infrastructure from the city’s pension investment portfolio. This initiative puts the spotlight on three prominent pension funds—the New York City Employees’ Retirement System, the Teachers’ Retirement System, and the Board of Education Retirement System.
In a significant move towards fiscal restructuring, the Chicago City Council has recently endorsed a plan to refinance $1.5 billion of the city’s outstanding debt. This decision, finalized with a 35-12 vote on a Tuesday, follows a previous postponement during the council’s Oct. 9 meeting. The importance of this refinancing cannot be understated, as it
The food industry, particularly fast food giants, is no stranger to health-related scares that can have far-reaching implications on both public safety and corporate stability. Recently, a significant E. coli outbreak has emerged, directly linked to McDonald’s iconic Quarter Pounder, raising alarm among consumers and health authorities alike. With 75 confirmed cases spanning across 13
In a week characterized by fluctuating stock performances, Wall Street experienced a swaggering rebound, especially on Friday, as the S&P 500 and Nasdaq Composite surged to new record highs. This uptick was largely powered by a significant rise in technology stocks, with heavyweights like Amazon, Microsoft, and Nvidia showing robust gains in anticipation of their
As we delve into the upcoming earnings week, the financial landscape is poised for significant movements driven by major companies reporting their results. The impending week stands out as a critical moment in the earnings season, with a staggering one-third of the S&P 500 scheduled to unveil their latest fiscal performances. This includes a notable
The contemporary housing landscape is fraught with difficulties for potential homeowners, a situation exacerbated primarily by a significant shortage of available homes. Drew Scott, co-host of HGTV’s renowned show “Property Brothers,” recently highlighted this at CNBC’s Your Money event, noting that the scarcity of housing profoundly influences the entire market dynamics. According to his observations,
In an effort to rebound from significant financial struggles exacerbated by the pandemic, Spirit Airlines has recently announced a series of strategic initiatives aimed at cutting costs and increasing revenue. Following a challenging year that saw their stock price plummet over 80%, the airline’s latest moves are designed to reshape its operational model and restore
As the political landscape shifts with Donald Trump’s potential return to the White House, retailers are bracing themselves for a challenging economic environment. Recent analyses from Wells Fargo’s team, led by analyst Ike Boruchow, shed light on the ramifications of increased tariffs on imported goods, which could result in higher operational costs and dwindling sales.
The U.S. dollar is currently showing signs of a pause after a robust period of gains. Following a two-day decline, the dollar remains on course to secure its fourth consecutive week of appreciation, a feat driven by recent economic indicators that have tempered the anticipated actions of the Federal Reserve. As economic forecasts adjust, the
In the ever-evolving landscape of cryptocurrency, innovation and education play central roles in fostering growth and adoption. Charles Hoskinson, the founder of Cardano, has unveiled an ambitious plan aimed at enhancing the Bitcoin ecosystem by relaunching the Bitcoin Education Project in 2025. Initially established in 2013, this initiative provided invaluable, peer-reviewed educational resources about Bitcoin