Elliott Management’s recent acquisition of a significant stake in Starbucks has sent ripples through the financial world. The Wall Street Journal reported that Elliott is actively engaging with Starbucks management in order to devise strategies that will boost the company’s share price. This development has sparked speculation and curiosity among investors and industry insiders alike.
The recent global IT outage that affected several airlines around the world was a massive disruption that left thousands of passengers stranded and delayed. The outage, which was linked to a tech update by cybersecurity giant CrowdStrike, caused chaos in the aviation industry as well as other sectors. The extent of the impact was so
California voters are placing a significant emphasis on environmental policy in the upcoming elections, with a recent poll indicating that it could sway their decision on who to support for president. A majority of voters are in favor of a $10 billion bond measure aimed at funding flood control and climate resiliency projects, highlighting the
When it comes to infrastructure costs in the United States, one of the contributing factors to the high expenditures is the lack of capacity within state transportation departments. A recent study conducted by economics experts from various universities sheds light on the relationship between state DOT capacity and project-level costs. According to Will Nober, an
Michelle Mack, the leader of a nationwide organized retail crime operation targeting Ulta Beauty and other major retailers, has been sentenced to more than five years in a California state prison. This sentence comes after a plea deal where her husband, Kenneth, received the same sentence but will be released after one year. The couple
The recent sale of $1.2 billion of revenue bonds by the Dormitory Authority of the State of New York (DASNY) was met with good demand, resulting in tighter spreads compared to a previous negotiated deal. According to DASNY spokesperson Jeffrey Gordon, the bond sale was a success and benefited from a calm market and robust
The recent events in the political landscape, with Donald Trump gaining ground in the polls and the Republican Party rallying around him, have had a significant impact on the solar energy sector. As a result of the shocking assassination attempt on Trump on July 13th, the Democratic Party has been left in disarray, especially after
The U.S. dollar saw a slight increase on Friday, showing signs of a positive week amidst the release of weak retail sales data. The Dollar Index, which monitors the greenback against a selection of other currencies, rose by 0.2% to 104.065 at 04:10 ET (09:10 GMT). This rebound comes after reaching near four-month lows, positioning
The recent rebound in the crypto markets has hit a stumbling block as Bitcoin prices fell slightly on Friday. Investors were hopeful as the world’s biggest cryptocurrency experienced a strong rebound earlier in the week, fueled by optimism surrounding a potential shift in regulatory environment under a Donald Trump presidency. However, it seems that this
Single-party dominance in a state has been found to have an effect on local government savings and the yields in the secondary municipal bond market. The recent paper titled “State government trifectas and municipal bond pricing” presented at the Brookings Municipal Finance conference sheds light on this phenomenon. The study was conducted by Angela Gore,