
Stock Movers: American Eagle Outfitters, Cboe, Super Micro Computer
On this episode of Stock Movers: - American Eagle Outfitters shares fall after it pulled its guidance for the full year following a first quarter that was marred by discounting and a write-down of inventory. - Cboe Global Markets shares declined after Morgan Stanley double downgraded the stock, recommending lower defensives exposure on the back of greater than expected tariff de-escalation between China and the US. - SuperMicro extends gains after Saudi Arabia-based data center company DataVolt signs a multi-year partnership agreement with the beleaguered US chipmaker.
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Indianapolis Star
29 minutes ago
- Indianapolis Star
See Purdue's 50-year plan to transform downtown Indianapolis campus with high-rises
Over the next 50 years, Purdue University plans to transform its downtown Indianapolis campus into an urban hub with high-rise buildings serving up to 15,000 students, according to a new master plan. Today, Purdue's 28-acre sliver of land wedged between Indiana Avenue and Michigan Street on downtown's west side — roughly the same acreage as the parcel on which Lucas Oil Stadium and its south parking lot sit — is home to three parking garages and five expansive parking lots. A conceptual master plan approved by Purdue's Board of Trustees June 6 envisions 16 new buildings on that site, featuring 4.5 million square feet and about 3,500 student beds. With leasing agreements at nearby apartments, Purdue expects to offer students more than 5,300 beds downtown. The plan foresees an increase in Purdue's student enrollment in Indianapolis from about 2,800 in fall 2024 to 15,000 by fall 2075. Despite the dense development, the plan sets aside about 60% of the downtown acreage for open spaces where students can gather and walk, according to Maryland-based architecture firm Ayers Saint Gross, which designed the 50-year master plan. Construction on the campus' main building, the 15-story Academic Success Building near the intersection of West and Michigan streets, began this April. The $187 million facility with classrooms, lab space, dining halls and student housing will be complete around May 2027. The long-term plan comes as Purdue and Indiana University in Indianapolis jostle for position on the west side of downtown following the 2024 split of the two schools' joint urban campus, IUPUI. As Purdue updates its plans, IU has allotted hundreds of millions of dollars to build multiple major facilities, including an 11-story School of Medicine building and a 4,500-seat athletics center, on its downtown campus in the next few years. IUPUI split: Indiana Ave. fell as IUPUI rose. After Purdue and IU split, can they help renew the Avenue? After the IUPUI division, IU retains most of the 536-acre downtown campus and enrolled more than 25,000 students in fall 2024. IU also owns the 28-acre wedge of land where Purdue will expand between Indiana Avenue to the north, Michigan Street to the south and Blake Street to the west. Purdue has signed a 100-year lease to use the property. Purdue is expanding into Indiana's capital city in part to ease the strain on housing and other facilities at the West Lafayette campus, which now enrolls an all-time high of more than 55,000 students. University leaders have also announced partnerships with Indianapolis-based science and engineering firms like animal health company Elanco and race car manufacturer Dallara. 'Rather than a single hub, Purdue is weaving into the fabric of the city's innovation and industry corridors," David Umulis, Purdue's senior vice provost for Indianapolis, said in a statement, "expanding from downtown all the way to the northwest side of Indianapolis."


TechCrunch
an hour ago
- TechCrunch
Will Musk vs. Trump affect xAI's $5 billion debt deal?
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Yahoo
3 hours ago
- Yahoo
UBS faces $26B in capital requirements from Swiss bank reforms, Bloomberg says
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