Category Archives for Discussions

CBO Trims GDP Forecast for 2020, Lifts 2021 Projection

The U.S. economy will see a slightly deeper contraction this year but a bigger rebound in 2021 than previously forecast, according to updated estimates from the Congressional Budget Office.

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Investors reward Lemonade with $3.8B valuation

Venture-backed insurance seller Lemonade got a sweet reception from investors on the day of its initial public offering. Listed on the technology-heavy Nasdaq index, the company (LMND) ended the day with its shares trading at $69.38, more than double its amended target price of $29. That target gave the company a valuation of $1.6 billion, […]

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Swift Transportation Deploys SmartDrive Across Fleet

SmartDrive is deploying its video-based safety program across Swift Transportation’s entire fleet, the company announced June 16.

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City Council passes limited property tax reprieve, disappointing landlords

The New York City Council today gave landlords a slight reprieve on property taxes, but advocates for the industry called it insufficient. A bill sponsored by Public Advocate Jumaane Williams temporarily gives buildings assessed at less than $250,000 zero percent interest on late payments. A second piece of legislation, sponsored by City Council member Margaret […]

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