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The number of distressed charter schools rose to a record in the beginning of 2024 as the sector struggles with the end of pandemic assistance and rising costs.

(Bloomberg) -- The number of distressed charter schools rose to a record in the beginning of 2024 as the sector struggles with the end of pandemic assistance and rising costs.Most Read from BloombergBiden’s Attempt to Address Memory Issue Backfires With New GaffeChina’s Property Crisis Is Starting to Ripple Across the World‘Big Round Number’ for S&P 500 Triggers More Gains: Markets WrapA 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on ChinaNew York City Is Considering a Laundry Pods Crackdo

(Bloomberg) -- Brightline, the first US private passenger railroad built in more than a century, is on a slow track toward building ridership.Most Read from BloombergPutin Sends US Signal on Ukraine Talks, Seeing War AdvantageOne of World’s Richest Doctors Sees Fortune Surge to $12 BillionJPMorgan Shuffles Top Managers as Jamie Dimon Prepares SuccessorsUN Court Tells Israel to Protect Gazans, Avoids Cease-FireFed’s Preferred Core Price Gauge Cools Amid Robust SpendingThe Florida high-speed rail

New York City has $8 billion reserve to help cover the $5 billion price tag.

JPMorgan's move to acquire First Republic and its muni portfolio eases the risk of nearly $20 billion of munis flooding the market.