The tide has turned for some Illinois public universities’ already bruised ratings as COVID-19 pressures on their balance sheet and state funding levels ease. S&P Global Ratings on Friday upgraded the University of Illinois, the state’s flagship, by two notches noting its resilient balance sheet independent of state help and analysts revised the outlook on
Asian countries that led the way in controlling Covid-19 last year have become laggards in the battle against the virus as their efforts to vaccinate their populations fall behind other parts of the world. The problems with rollout vary from country to country, but across most of Asia one factor is constant: a lack of
Red flags waved as Providence Mayor Jorge Elorza proposed issuing $704 million in pension obligation bonds to deal with a pestering unfunded liability problem in Rhode Island’s capital city. The amount exceeds the city’s annual operating budget. Bond markets often frown on such borrowing and sentiment among state officials who must sign off is uncertain.
Illinois will dip into its growing pot of tax revenues to pay off the remaining $2.175 billion of outstanding debt borrowed through the Federal Reserve’s Municipal Liquidity Facility to manage last year’s COVID-19 tax blows. The Treasury Department’s interim guidance, released May 10, barring debt repayment as an eligible use of American Rescue Plan dollars
European leaders have called for an immediate international response after Belarus forced a Ryanair flight bound for Lithuania to land in Minsk on Sunday and arrested one of its passengers, a top opposition activist. Sviatlana Tsikhanouskaya, Belarus’s exiled opposition leader, said online activist Roman Protasevich, resident in Lithuania, had been detained in the Belarusian capital.
Todd Bunton, CFA, Growth & Income Stock Strategist at Zacks Investment Research, discusses a stock that might be worth a closer look by investors: Omega Healthcare Investors (OHI). This healthcare REIT is a dominate player in the skilled nursing facility space. It recently delivered a solid ‘beat and raise’, prompting analysts to revise their estimates
The Atlantic hurricane season hasn’t even begun (it officially starts June 1), but excessive spring flooding has already displaced thousands of residents in Louisiana.   A freak ice storm in Texas in February took out much of the state’s power grid, plunging nearly 10 million people into a cold, dark catastrophe. More than 150 people
The Federal Reserve should get a conversation going on tapering its bond-purchase program “sooner rather than later,” Philadelphia Fed President Patrick Harker said, adding his voice to a growing minority of U.S. central bank officials signaling the process should begin sometime soon. “It is something that, in my mind, we should start to have a
In this article ALKS Hiraman | E+ | Getty Images Company: Alkermes Plc (ALKS) Business: Alkermes is a biopharmaceutical company that researches, develops, and commercializes pharmaceutical products to address unmet medical needs of patients in various therapeutic areas in the United States, Ireland, and internationally. Its marketed products include ARISTADA (aripiprazole lauroxil), an extended-release intramuscular
Sign in restaurant window. Elizabeth W. Kearley | Moment Open | Getty Images Workers are getting higher wages, but at some point that could bite into companies’ profits. As the economy reopens, costs are climbing for everything from packaging and raw materials to shipping. In addition to these expenses, companies are also paying more to
The question might seem so ridiculous that it borders on idiotic—after all, Malibu is known around the world for its epic coastal hills that slope dramatically into soft-sanded beaches lining the Pacific, as well as its Mediterranean climate and famous residents that include the likes of Will Smith, Leonardo DiCaprio and Pierce Brosnan. But if
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Kevin Matras looks at the ‘short ratio’ as a market sentiment indicator, and shows how to use it for finding winners. Highlighted stocks include ECHO, GLT, LIZ, SBH and SQNM.
Gary Gensler, chairman of the Commodity Futures Trading Commission (CFTC), speaks during a Senate Banking Committee hearing in Washington, D.C., U.S., on Tuesday, July 30, 2013. Andrew Harrer | Bloomberg | Getty Images Securities and Exchange Commission Chair Gary Gensler said he would be aggressively pursuing bad financial actors who were “playing with working families’