Finance Board Moves $1 Million From Education Budget
The Newtown Board of Finance has made the decision to move $1 million from the education budget due to financial challenges faced by the town’s taxpayers. During a three-hour meeting on February 26, the finance board debated over the final numbers of the proposed 2024-25 education budget. After removing $455,000 in maintenance costs and making […]
Digital Transformation Trends and the Finance Function
Digital transformation is becoming increasingly important for companies as they navigate various changes and strive to remain resilient. New technologies offer significant benefits for companies, particularly in the finance function. These benefits include easier compliance with regulatory requirements, enhanced operational efficiency, and improved decision-making facilitated by data analysis. One crucial trend for financial management in […]
S&P 500 and Nasdaq Reach Fresh Records, Marking Best February in Nearly a Decade
The S&P 500 and Nasdaq Composite closed at record highs on Thursday, capping off the best February performance for both indices in nearly a decade. The Nasdaq Composite finished the day up 0.9% at 16,091.92, marking its highest close on record since November 2021. The S&P 500 added 0.5% to reach a new record high […]
US Futures Stall After Record-Setting Rally
US stock futures showed signs of hesitation on Friday, losing momentum following a record-setting rally and a strong month. S&P 500 futures remained largely unchanged after the benchmark index achieved its best February performance in nearly a decade. Futures for the Dow Jones Industrial Average and the tech-heavy Nasdaq 100 also fluctuated around the flatline. […]
WhiteHorse Finance, Inc. Reports Q4 2023 Earnings in Line with Expectations
WhiteHorse Finance, Inc. (NASDAQ:WHF) has reported its Q4 2023 earnings, which were in line with expectations. The company’s reported earnings per share (EPS) stood at $0.46, matching the projected EPS of $0.46. The Q4 GAAP net investment income and core net interest income were $10.6 million or $0.456 per share, exceeding the quarterly base dividend […]
Finance Deals of the Week: $150M Acquisition Loan on Six State Industrial Portfolio
In the week of February 26 to March 1, several notable finance deals took place. Affinius Capital provided a $150 million loan for the acquisition of a six-state industrial portfolio. The lender for this transaction was Ares Management. Another significant deal involved X-Caliber Funding and CastleGreen Finance, who provided $122 million to refinance and convert […]
Launch of New Business Support Pack in Waterford
Minister Paschal Donohoe has launched Ireland’s first comprehensive business support pack in Waterford, in collaboration with the Dungarvan and West Waterford Chamber. The pack, exclusively sponsored by Eirgrid, was created by the Dungarvan and West Waterford Chamber (DWW) to provide information on grants, resources, funding, and supports for businesses at all stages of their journey […]
Stocks Maintain Record-Setting Rally in Today’s Market
Stocks continued their record-setting rally in today’s market, regaining momentum after a strong month of February. The S&P 500 gained 0.4%, reaching another record intraday high, while the Dow Jones Industrial Average rose 0.1% and the Nasdaq 100 increased by 0.5%. Investors reacted positively to the latest Personal Consumption Expenditures (PCE) data, which showed a […]
Huntsville Recognizes Companies for Air Pollution Control Efforts
The City of Huntsville has honored local corporations for their commitment to reducing air pollution in the area. The Air Pollution Control Board of Huntsville announced the winners of its Air Pollution Control Achievement Awards for 2023. The awards, which have been given out since 1997, recognize companies that go above and beyond regulatory requirements […]
Mosaic Brands Appoints Former Iconic CEO as New Chief Executive Officer
Mosaic Brands, a specialty fashion retailer, has announced the appointment of Erica Berchtold as its new CEO. Berchtold, the former CEO of The Iconic, will succeed Scott Evans, who has led the company for the past decade and has announced his intention to retire. Berchtold brings over 20 years of retail experience, including a stint […]