A company building a novel factory in California that has defaulted on its debt payments is seeking the state’s approval to sell an additional $53 million in tax-exempt bonds. CalPlant I LLC, constructing the world’s first facility converting rice cultivation debris into fiberboard, will appear before the California Pollution Control Financing Authority on Tuesday for
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Massachusetts Treasurer Deborah Goldberg and the state’s Pension Reserves Investment Management board have begun a collaborative project to improve measurement of environmental, social and governance data in the investment and financial sector. The effort with Massachusetts Institute of Technology’s Sloan School of Management, called the Aggregate Confusion Project, aims to build on research by scholars
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Thesis Welcome to Orchid’s Platinum Weekly report, in which we discuss platinum prices through the lenses of the GraniteShares Platinum Trust (NYSEARCA:PLTM). PLTM has continued its consolidation since our last update (mid-August), corroborating our view that the short-term upside had become limited. Although ETF investors have bought platinum at an increasingly strong pace in recent
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ByteDance has reached a preliminary “technical partnership” agreement with Oracle for TikTok’s US operations that does not include a full sale of the popular video app, according to three people with knowledge of the matter. As part of the deal, Oracle plans to address the national security concerns the Trump administration has raised over the
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Interior Design area of the Restoration Hardware store in the Meatpacking District of New York.  Source: RH How can you pinpoint compelling investing opportunities in the current environment? Stocks tumbled for the week in a tech-led selloff after reaching record highs. However, even after the pullback, the S&P 500 has still surged almost 15% on
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New Jersey Gov. Phil Murphy’s administration faces a fast-approaching deadline to finalize its borrowing strategy for the next fiscal year to combat expected revenue losses caused by the COVID-19 pandemic. Murphy has proposed a $32.4 billion budget for a shortened nine-month 2021 fiscal year starting Oct. 1 that would include $4 billion of borrowing either
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SoftBank executives have revived discussions about taking the technology group private as the Japanese conglomerate seeks to redefine its strategy after a series of big asset disposals, people with direct knowledge of the matter said.  The talks are driven by frustrations over the persistent discount in SoftBank’s $115bn equity valuation compared with the value of
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New York’s Metropolitan Transportation Authority received its latest hit from Wall Street on Friday when Moody’s Investors Service downgraded its primary transportation revenue bond credit to A3 from A2. The downgrade affects $24.4 billion of transportation revenue bonds. The outlook is negative. The MTA has scheduled the sale of $900 million in transportation revenue green
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Author’s note: This article was released to members on September 3, 2020. Please check latest data before investing. Chemist’s “High-High-Low” Closed-End Fund Report Quantitative screens help to rapidly narrow down attractive candidates from the database of 500+ closed-end funds (CEFs) for further due diligence and investigation. The “High-High-Low” report was inspired by a member of
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When Bernard Looney makes his long-awaited pitch to investors on the future of BP this week, the chief executive is expected to hammer home one message: that BP will be a stronger company when it produces less oil and gas. Since the veteran oil man took the helm in February, he has promoted with unlikely
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SpaceX CEO Elon Musk participates in a postlaunch news conference inside the Press Site auditorium at NASA’s Kennedy Space Center in Florida on May 30, 2020, following the launch of the agency’s SpaceX Demo-2 mission to the International Space Station. NASA/Kim Shiflett JPMorgan Chase thinks it’s found the next hot market for investors:  Taking stakes
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