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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.

Top 28 Utah-focused Monetary, Financial and/or Business News Nuggets for January 2025 that You Might have Missed

Top 28 Utah-focused Monetary, Financial and/or Business News Nuggets for January 2025 that You Might have Missed

In this writeup, you'll find info about 31 Utah-based organizations and 17 separate executives that we feel made the cut as "newsworthy" in January 2025. This being the case, welcome to this writeup on Utah's Top 28 Monetary, Financial and/or Business News Nuggets

Image downloaded from the Events page of the RevRoad website on the morning of Tuesday, 28 January 2025.

RevRoad Closes its Doors. Kind Of.

In a turn of events both shocking and yet not totally surprising, the RevRoad experiment has come to an end. Sometime in the last week, the RevRoad website shifted from this — to this (on Sunday, 26 January 2025) — Additionally, based upon my review of dozens of LinkedIn profiles this morning,

Brigham City Lands a $200 Million Commitment from Nucor to Erect a Steel Products Manufacturing Plant of over 370,000-Square-Feet Across 3 Buildings Sitting on 71.5 Acres in Northern Utah

Brigham City Lands a $200 Million Commitment from Nucor to Erect a Steel Products Manufacturing Plant of over 370,000-Square-Feet Across 3 Buildings Sitting on 71.5 Acres in Northern Utah

With an expected occupancy before 01 January 2026, the new plant of the Nucor Towers & Structures business unit will represent the company's third such steel products manufacturing location in northern Utah. Charlotte, North Carolina-based Nucor (NYSE:NUE) has announced plans to drop $200 million to create a

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 United States. Since

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, light rail