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This article was written byto followWith over 15 years of experience, he has made contrarian bets based on a macro perspective and stock-specific turnaround stories, achieving outsized returns with a favorable risk/reward profile. If you’d like us to cover a particular stock or have questions about an article, please let us know.Analyst Disclosure: I/the Company do not have any stock, options, or similar derivative positions in any of the companies mentioned and do not plan to enter into any such positions in the next 72 hours. This article was written by me and expresses my own opinions. I received no…

Housing inventory in California and across the Sunbelt has soared to levels not seen in years, raising the prospect of falling prices in a market that remains expensive despite high mortgage rates. Suggests. The number of active listings in California reached 61,000 in September, the highest level in five years, according to Realtor.com data cited by Nick Ghaly, CEO of Reventure Consulting. This marked a dramatic increase of 41% compared to the previous year. Don’t miss: Gerli said supply is increasing in areas such as San Diego, Stockton, Modesto and Oxnard. The situation is similar across the South, where inventories…

For much of the past two decades, businesses, investors, and policymakers have lived on the easy cash provided by historically low interest rates. Business models built around zero interest rates are adapting to returns from higher costs of capital. Those days are over. It will not return unless another black swan phenomenon occurs. Business models built around zero interest rates and service companies with exposure to them are adapting to the return of a positive term premium in monetary prices. The demise of easy money and the high leverage it encouraged is stimulating a period of rediscovery and reinvention of…

BOULDER, Colorado — Not far from the majestic Rocky Mountains lies an ordinary suburban neighborhood with tree-lined streets and modest light gray homes.This is not the place you would imagine an investigation into the black market Ozempic would begin. But it happened.A CNBC investigation into counterfeit weight loss drugs uncovers an international illegal market where criminals brazenly modify drugs and ship genuine products from overseas. This is what is called drug trafficking and violates federal law.The operation primarily involves counterfeit or illegal versions of Novo Nordisk’s diabetes drug Ozempic and obesity drug Wegoby, as well as Eli Lilly’s Mounjaro and…

When Minnesota voters go to the polls on Nov. 5, they will be asked to decide on the future of the Environment and Natural Resources Trust Fund, which dedicates 40% of state lottery revenue to the outdoors.ENRTF has its roots in a bill passed in 1988, the same year Minnesota voters approved a state-run lottery. As stated on the Ballotpedia website, the ENRTF did not receive any dedicated revenue until 1990, when voters overwhelmingly approved an amendment to dedicate at least 40% of lottery revenues to the environment and natural resources. It had no source. Voters in 1998 then approved…

(Bloomberg) – Citycon Oysi’s high-risk subordinated debt fell by the most in two years on Wednesday after the Finnish landlord’s CEO resigned shortly after issuing a profit warning earlier this week.321 million euros ($352 million) of banknotes issued in 2021 fell 2.8 cents to 81.5 cents per euro, the lowest in a single day since October 2022, according to data compiled by Bloomberg. This was the biggest decline. The 265.7 million euro issue fell 2 cents to 90.9 cents, according to data compiled by Bloomberg. . A Citycon representative declined to comment when contacted by Bloomberg.The real estate company announced…

Property tax collections in the south suburbs fell this year in part due to a record surge in taxes and economic factors such as inflation, according to a report from Cook County Treasurer Maria Pappas.Pappas’ office said the overall collection rate for the 2023 tax year across the Chicago region was just over 95%, but still the lowest collection rate in more than a decade. .This means that approximately $225 million in property taxes that would have been paid to local communities, school districts, and other taxing entities will not be collected, but property owners who are behind on their…

King Risk Partners acquires Insurance Solutions Group | Insurance Business American Insurance News King Risk Partners acquires Insurance Solutions Group Principal mentions “key values” that benefit clients and teams insurance news Written by Terry Ganquanco Expanding insurance broker King Risk Partners announced the acquisition of North Carolina-based Insurance Solutions Group. This independent agency operates in Garner and Fuquay-Varina and has been serving the greater Raleigh area for more than 20 years. We offer personal, business, and life insurance coverage options. Michelle Keener, principal at Insurance Solutions Group, said: Their resources and shared commitment to client-first service enable us to enhance…

listen to this article Written by David E. Wood For every law firm to thrive, it must replace retiring partners and the revenue they generate. If companies are unable to do this, sales will decline as partners leave the industry, and this comes with all the negative consequences. Although business leaders work hard to avoid this outcome, they are often hampered by compensation-related obstacles. One of these hurdles concerns the timing of senior partner compensation. Partners may wait until the last minute to announce their retirement plans, fearing that their compensation will be reduced if they announce their retirement plans…

BNP Paribas Asset Management’s (BNPP AM) second European sub-investment grade infrastructure bond fund has secured €280 million in initial capital commitments from eight investors. The manager said initial capital commitments for BNP Paribas Europe Junior Infrastructure Bond Fund II have been secured from institutional investors in Europe and Asia, but did not reveal their identity or specific investments. The fund has a hard cap of €1 billion and aims to raise between €500 million and €750 million. Like its predecessor, Junior Infrastructure Debt II will “prioritize assets under management and offer regular coupons and attractive returns” to support energy transition,…