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As it approaches a deadline on a state-backed incentive package, electric automaker Rivian faces fresh legal headaches in its plans for a $5 billion production plant in rural Georgia. A deal negotiated between Rivian, the Georgia Economic Development Commission, and the Joint Development Authority for Jasper, Morgan, Newton, and Walton Counties, with the blessing of
As a town planner specialising in gaining consents to alter listed buildings, I agreed with just about everything in Hugo Cox’s article about the struggle to make England’s older homes energy efficient (“Retrofit roadblocks”, House & Home, April 22). Delays have never been worse, inconsistency never greater. A main reason for this is the under-funding
Municipals were steady throughout most of the curve ahead of a new-issue calendar of $6 billion. U.S. Treasuries were firmer and equities were mixed. “Investors’ jitters in the lead up to next week’s Fed meeting resulted in some large macro market moves and a rise in volatility,” noted BofA Securities strategists in a weekly report.
POLAND – 2023/03/21: In this photo illustration, a First Republic Bank logo is displayed on a smartphone with stock market percentages in the background. (Photo Illustration by Omar Marques/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Check out the companies making headlines in midday trading. First Republic — Shares of the
The rate of capture of sales and use taxes supporting the Puerto Rico Sales Tax Financing Corp. (COFINA) bonds has improved, the Puerto Rico Treasury Department said. The collection rate compared to the legally liable amount was 77% in fiscal 2022, a study by the Treasury’s Office of Economic and Financial Affairs showed. That compared
US authorities ordered a tanker of Iranian crude oil to redirect towards the US in recent days, in a move officials believe was the trigger for Iran’s decision to capture a US-bound tanker on Thursday. Three people briefed on the situation said the US had intervened to summon a ship loaded with Iranian crude, originally
A California appellate court Thursday resurrected a lawsuit accusing prominent Wall Street banks of conspiring to manipulate the variable-rate debt market. The 1st District Court of Appeal reversed a lower court ruling less than two days after hearing arguments in the case, which dates back nearly 10 years. It’s the latest turn in a series
Indianapolis Public Schools and at least 30 Michigan school district voters will decide Tuesday the fate of more than $2.5 billion worth of borrowing for infrastructure work, new schools, and safety-related projects. Indianapolis Public Schools seeks $410 million for projects throughout the district with 23 schools in line for improvements. The borrowing would help pay
Macro Markets, hosted by crypto analyst Marcel Pechman, airs every Friday on the Cointelegraph Markets & Research YouTube channel and explains complex concepts in layperson’s terms, focusing on the cause and effect of traditional financial events on day-to-day crypto activity. The risks of a United States debt default are the first topic of this week’s
The New York Stock Exchange (NYSE) in New York, US, on Tuesday, March 28, 2023. Victor J. Blue | Bloomberg | Getty Images As investors navigate another uncertain year in markets, actively managed funds could add differentiated performance to their portfolios – if traders choose carefully. Actively managed funds have historically underperformed passive strategies, but
While a home with exceptional architecture showcases the great creative and innovative strides that humankind can achieve, a home with exceptional views showcases our limits—after all, there is perhaps no greater architect than mother nature. Of course, truly superlative homes are those that combine the best of human and natural designs or, as famed linguist,
Energy was the best performing sector the last 2 years. Will it do it again in 2023? Visit our website: https://www.zacks.com Visit our Stocktwits account: https://stocktwits.com/ZacksResearch Check out our weekly promotion: https://www.zacks.com/promo If you’re interested in our services, please check out Zacks Ultimate: https://www.zacks.com/ultimate/?adid=YOUTUBE&cid=sm-YOUTUBE
The cryptocurrency market witnessed sharp volatility on April 26 on rumors that large sums of Bitcoin (BTC) were on the move from the wallets linked to the defunct cryptocurrency exchange Mt. Gox and the United States government. A minor positive is that Bitcoin and select altcoins held their respective support levels. After Bitcoin’s sharp rally
Since Silicon Valley Bank failed in March, regulators have been studying why, exactly, they didn’t better identify the risks of having the country’s 16th-largest bank keep more than 90 per cent of its deposits uninsured. Now the Fed is out with an initial report on what went wrong: The four key takeaways of the report
Milton Friedman famously declared that inflation is always and everywhere a monetary phenomenon. While this is undeniably true, no policymaker can afford to overlook the behavioural dynamics that are part and parcel of the inflationary process. In confronting an energy price shock it would be helpful, as Huw Pill, chief economist of the Bank of
The revised $106.7 billion fiscal 2024 budget proposed by Mayor Eric Adams is the largest spending plan ever for New York City and while it contains near-record reserves, it also projects growing budget gaps in future years. “Our fiscal year 2024 budget is balanced at $106.7 billion. That is $4 billion more than it was in
A Bank of America (BOFA) commodity strategist has postulated that gold, should it continue to flourish in 2023, could pave the way for a climb to $2,500 per ounce. Presently priced at $1,983 per unit, the precious metal remains just shy of the $2,000 threshold. However, if it were to achieve the projected $2,500 target,
The banking equivalent of defenestration that befell Credit Suisse might have been sudden, but, the like the run-up, the aftermath is likely to be long, messy and litigious. A press release from legal gunslingers Quinn Emanuel Urquhart & Sullivan just landed in Alphaville’s inbox. It says the litigation firm is joining forces with a handful
Our weekly roundup of news from East Asia curates the industry’s most important developments. Hong Kong inching close on a clear crypto regulatory pathway A few months after prominent industry players lamented the lack of registration pathways for cryptocurrency exchanges in Hong Kong, some respite may finally be on the horizon. On Apr. 27, Julia