CareMax, Inc. (NASDAQ:CMAX), a provider of nursing and personal care services, has tapped into a $5 million loan to cover short-term operating expenses, as disclosed in a recent SEC filing. The transaction, carried out today, involved drawing funds under an existing credit agreement with Jefferies Finance LLC and other lenders. The Miami-based company, which operates under the healthcare sector with a focus on nursing and personal care facilities, is actively seeking ways to alleviate its capital strain. Efforts include cutting operating costs and exploring strategic alternatives such as refinancing and asset sales. Despite these actions, there’s an acknowledgment of the…
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Want to fix the racist legacy of America’s highways? One rule of thumb applies: Two wrongs don’t make a right.Advocates hoping to reconnect mostly poor, communities of color that were severed by the highway construction of the early- and mid-20th century are learning that righting this historical wrong can only be accomplished by including the community voices that were ignored when the damage was originally done.That was the key takeaway from “The Highway Divide,” a panel held last week at the Transportation Alternatives Vision Zero Cities conference, a session that was just as notable for what was said as for what wasn’t. For instance,…
Shares of his Berkshire Hathaway have risen 28% year to date. Source link
Stocks closed mixed on Monday as the 10-year Treasury yield rose and investors braced for a packed week of top-tier earnings that could drive or drag on a record-setting rally.The S&P 500 (^GSPC) dropped almost 0.2%, coming off a fresh all-time closing high and a sixth weekly win in a row. The Dow Jones Industrial Average (^DJI) dropped more than 300 points, closing about 0.8% lower, while the tech-heavy Nasdaq Composite (^IXIC) closed up 0.2%.AI chip heavyweight Nvidia (NVDA) gained more than 4% to close at a fresh all-time high, while iPhone maker Apple (AAPL) also eked out a closing…
By Vladimir Soldatkin and Guy Faulconbridge KAZAN, Russia (Reuters) – Russia wants the BRICS summit to showcase the rising clout of the non-Western world, but Moscow’s partners from China, India, Brazil and the Arab world are urging President Vladimir Putin to find a way to end the war in Ukraine. The BRICS group now accounts for 45% of the world’s population and 35% of its economy, based on purchasing power parity, though China accounts for over half of its economic might. Putin, who is cast by the West as a war criminal, told reporters from BRICS nations that “BRICS does…
Jonquel Jones #35 of the New York Liberty celebrates with the 2024 WNBA Finals MVP trophy after defeating the Minnesota Lynx during Game Five of the 2024 WNBA Finals on October 20, 2024 in Brooklyn, New York. David L. Nemec | National Basketball Association | Getty ImagesThe WNBA players union has decided to opt out of the current collective bargaining agreement, two years before its expiration. The league and players union had the option to do so before Nov. 1.The early opt-out marks a crucial juncture for the league. The WNBA signed a historic 11-year media rights deal worth $200 million a year.The league…
Leading investment consultant will bolster Hightower’s access to institutional-quality investment research, alternative assets, and OCIO capabilities for the private wealth segmentCHICAGO & BOSTON, October 21, 2024–(BUSINESS WIRE)–Hightower Holding today announced that it will acquire a majority interest in NEPC, LLC (“NEPC”), a leading investment consultant and outsourced chief investment officer (“OCIO”). Combining under a common parent company will allow each organization, NEPC and Hightower Advisors (“Hightower”), one of the country’s leading RIAs, to expand their commitments to clients to deliver institutional-quality investment solutions and research-driven advice.As more private wealth investors express interest in allocations to private market investments, NEPC’s institutional…
Today, KKR Real Estate Finance Trust Inc. (NYSE:KREF) disclosed its financial outcomes for the quarter ending September 30, 2024. The real estate investment trust, headquartered in New York, provided this information in compliance with the Securities and Exchange Commission’s (SEC) regulations. The details of the financial results were made public through an earnings release and supplemental financial information, which are now accessible as part of the company’s official filings. KKR Real Estate Finance Trust emphasized that the information furnished in these documents is for informational purposes only and should not be considered filed under the SEC’s regulations. Moreover, the data…
Stellantis is celebrating the impending end of the Dodge Durango lineup with a series of special-edition SUVs, the latest being the 2025 Dodge Durango SRT Hellcat Brass Monkey. This new variant features distinctive brass wheels, a satin-finished hood, and a luxurious brown leather interior. However, aside from these aesthetic enhancements, it doesn’t offer significantly different features from other Durango Hellcats, leaving some enthusiasts wanting more from this commemorative model. The announcement of the Brass Monkey edition follows a pattern set earlier this year when Dodge revealed plans to keep the Durango available in 2024, even as other models like the…
HONG KONG – Powell Max Limited (NASDAQ:PMAX), a company specializing in financial communications services, today announced a change in its executive team with the resignation of Mr. Chun Ho Lam as Chief Financial Officer due to personal reasons. The company expressed gratitude for Mr. Lam’s contributions during his tenure. Following the departure of Mr. Lam, Powell Max Limited has named Ms. Kam Lai Kwok as the new Chief Financial Officer. Ms. Kwok, an associate of the Hong Kong Institute of Certified Public Accountants since January 1997, brings over three decades of experience in public accounting and financial management to the…