The start date for the $15 toll most drivers will be charged to enter Manhattan's central business district will be June 30, transit officials said Friday. Under the so-called congestion pricing plan, the $15 fee will apply to most drivers who enter Manhattan south of 60th Street during daytime hours. The program, which was approved by the New York state Legislature in 2019, is supposed to raise $1 billion per year to fund public transportation for the city’s 4 million daily riders.
Mobileye Global shares are selling off Friday after a Morgan Stanley analyst turned bearish on the provider of software and components for autonomous and assisted driving. Adam Jonas cut his rating on the stock to Underweight from Equal Weight, with a new target of $25, down from $26. Mobileye shares were down 6.8%, to $28.80.
Private credit is hot these days. But the Bank of America investment research chief makes the case for the advantages of collateralized loan obligations. And he offers a warning about risk in the options market.
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