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SHORT-TERM INVESTMENTS: (Tables)
6 Months Ended
Jun. 30, 2025
SHORT-TERM INVESTMENTS:  
Schedule of short-term investments

Short-term investments were as follows (in millions):

At June 30, 

At December 31, 

    

2025

    

2024

Trading securities

$

675.3

$

245.2

Weighted average interest rate

 

4.6

%  

 

4.7

%

Available-for-sale

$

0.1

$

0.2

Weighted average interest rate

 

0.8

%  

 

0.9

%

Total

$

675.4

$

245.3

Summary of trading investment activity

The following table summarizes trading investment activity (in millions):

Three months ended

Six months ended

 

June 30, 

June 30, 

    

2025

    

2024

    

2025

    

2024

 

Trading:

Interest earned

$

7.2

$

7.6

$

9.5

$

13.7

Unrealized gain (loss) at the end of the period

$

(*)  

$

(*)  

$

(*)  

$

(*)  

(*) Less than $0.1 million.