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Miscellaneous

Through our Miscellaneous category, Utah Money Watch provides perspective and contextual insights on subjects ranging from Clothing to Media and from Science to Transportation as viewed through the lens of finance.

CATCHING-UP: The Top 49 Utah-focused Monetary, Financial and/or Business News Nuggets for the Last Quarter of 2024 that You Might have Missed

CATCHING-UP: The Top 49 Utah-focused Monetary, Financial and/or Business News Nuggets for the Last Quarter of 2024 that You Might have Missed

{AUTHOR'S NOTE: With apologies in advance, it's clear that things got a bit hectic for "Yours Truly" in the latter part of the year, especially with the births of a grandson in October and a granddaughter in November, as well as landing two new

The Utah Transit Authority Lands a $62.8 Million Federal Grant for a 7-Mile, 15-Stop Cross-Valley, Bus Rapid Transit Line in Salt Lake County

The Utah Transit Authority Lands a $62.8 Million Federal Grant for a 7-Mile, 15-Stop Cross-Valley, Bus Rapid Transit Line in Salt Lake County

The $62.8 million grant from the Federal Transit Administration will cover ~60% of the total to fund the expected $104.1 million cost to build / launch the UTA's new BRT line. Plus, the FTA grant will also cover the cost for all Midvalley Express BRT riders for

How to Lose $4.25 Billion in Five Weeks: The Still Unfolding Tale of New York's Hindenburg Research vs. PACS Group, One of Utah's Hottest Firms in 2024

How to Lose $4.25 Billion in Five Weeks: The Still Unfolding Tale of New York's Hindenburg Research vs. PACS Group, One of Utah's Hottest Firms in 2024

On 04 November 2024, Hindenburg Research released a 15,000-word, deep-dive report alleging multiple misdeeds leading up to the April 2024 Initial Public Offering of PACS Group (NYSE:PACS), the Farmington, Utah-based owner, manager and operator of over 310 skilled nursing facilities in 17 states across the

NEWS BRIEF: Utah Transit Authority to Spend $129 Million for 20 New Low-Profile Light Rail Vehicles for TRAX

NOTE: UTA's contract with Utah-based Stadler USA for these 20 new TRAX cars includes an option to purchase up to 60 additional vehicles during the the coming decade (pending additional funding). The Utah Transit Authority has placed a $129 million order to purchase 20 new low-profile,

"Global Chaos" — The Inflection Point Driving the Coming Transformation of Utah's Quiet, yet Decades-Old, Emerging Ecosystem that will be at the Center of the Next Business Revolution in the "State of Deseret"

Welcome to this 3,500-word Report, the longest ever published by Utah Money Watch. We share this today because we believe the information reported on today, along with the implications contained herein, potentially portend a massive transformation for the business ecosystem in Utah. As such, we welcome your feedback

NEWS BRIEF: Sweden's Hexatronic Begins Operations at its New $30 Million Production Facility in Ogden, Utah

NEWS BRIEF: Sweden's Hexatronic Begins Operations at its New $30 Million Production Facility in Ogden, Utah

Gothenburg, Sweden-based Hexatronic Group has begun operations in its newest production facility, a manufacturing plant located in Ogden, Utah. According to the Hexatronic news release, the company spent ~$30 million over the past 16 months (through its Lexington, Kentucky-based subsidiary, Blue Diamond Industries), to build-out and equip

In Roughly 45 Days, the LDS Church Will Have Spent Nearly $500 Million to Buy over 105,000 Total Acres of Farm Land in Australia and the U.S.

In Roughly 45 Days, the LDS Church Will Have Spent Nearly $500 Million to Buy over 105,000 Total Acres of Farm Land in Australia and the U.S.

On Wednesday, 16 October 2024, the Church of Jesus Christ of Latter-day Saints will purchase 46 farms in the United States totaling over 41,000 acres for over $289 million, news likely deemed "material" by the seller's legal counsel, making it imperative the news was