The Puerto Rico Aqueduct and Sewer Authority plans to refund $1.8 billion of outstanding 2012 debt in an August deal, coming into a market that is starved for high-yield paper. For several months the authority and the Puerto Rico Oversight Board has mentioned the possibility of refunding the authority’s Series 2012A bonds. On Friday it
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The Central Bank of Colombia has announced its involvement in the first blockchain bond pilot program in the country, with the participation of the Interamerican Development Bank (IDB) and Davivienda, a private commercial bank. The proof of concept will use the Lacchain blockchain platform developed by the IDB, which will handle the operative part of
In the past two decades, index and exchange-traded funds (ETF) have become some of the most popular forms of investing because they offer investors a passive way to gain exposure to a basket of stocks as opposed to investing in individual stocks which increases risk of loss. Since 2018, this trend has extended to the
If there is one thing the stay-at-home year of 2020 taught us, it is that a garden can be an escape, a source of joy, a way to get healthful exercise, a natural expression of ongoing change and a frame for the architecture of our homes. It is also a great way to show off.
Protesters surround the Los Angeles Superior Court on August 21, 2020 to prevent an upcoming wave of evictions in the city. Lucy Nicholson | Reuters Renters struggling with housing costs because of the pandemic have been shielded from eviction for nearly a year, but now the national ban on such proceedings will expire on July
In this article SPCE Virgin Galactic CEO George Whitesides CNBC | Michael Sheetz George Whitesides, the former CEO of Virgin Galactic, will fly on the company’s next spaceflight test, CNBC has learned. Sir Richard Branson made the announcement at a party on July 11 in Las Cruces, New Mexico — following his own spaceflight —
Traders work on the floor of the New York Stock Exchange (NYSE), July 21, 2021. Brendan McDermid | Reuters A quarter of the way through earnings season, we are headed toward the best profit growth in over a decade. One fourth of the S&P 500 has now reported second-quarter earnings. Overall earnings are now expected
Traders at the New York Stock Exchange, July 20, 2021. Source: NYSE Here comes one of the biggest market weeks of the summer. First, the Federal Reserve meets Tuesday and Wednesday. While no action is expected, there could be some mention of the central bank’s possible wind down of its bond program. That could move
Kevin Matras looks for stocks under $10 with explosive potential. Highlighted stocks include ACLS, AFFX, NM, SONS and TQNT.
Akron, Ohio-based FirstEnergy Corp. agreed to pay $230 million to resolve federal charges in connection with an alleged bribery scheme involving a $1 billion public bailout for two nuclear power plants owned by a bankrupt subsidiary with municipal debt. Federal authorities charged the public utility holding company with conspiring to commit honest services wire fraud.
Several hedge funds have backed away from trading and other activities on Binance in response to the accelerating regulatory crackdown on the crypto exchange, deepening the strain for a group already cut off by a clutch of banks and payments companies. Crypto specialist Tyr Capital said it had “significantly decreased its exposure” to the group,
Analysts say a strike of Puerto Rico truckers is a threat to the island’s economy and a challenge for the Oversight Board. The board spent a page in the most recent fiscal plan talking about the need to not extend the minimum rates to privately negotiated trucking contracts. The truckers are striking for this as
A recent survey has revealed Bitcoin has gained traction with younger U.S. investors in terms of awareness, interest, and ownership over the past three years. The study conducted by global analytics and advice firm Gallup revealed that the number of investors in the U.S. holding BTC has jumped from 2% in 2018, to 6% as
n what many continue to term post-pandemic times, a commonly-asked question is whether the suburban housing boom will continue or downtown city living will make a vibrant comeback. With apologies to those who love the decisive ability to come down on one side or the other, it may be possible both outcomes will be realized.
Soaring home prices are making many homeowners wealthier and wealthier. Those with mortgages — about 62% of all properties — saw their equity jump by 20% in the first quarter from a year earlier, according to CoreLogic. That represents an average gain of $33,400 in just that one year period. Altogether, the amount of available,
Mark “Forger” Stucky, after piloting the company’s first successful spaceflight on December 13, 2018. Virgin Galactic Mark “Forger” Stucky, Virgin Galactic‘s flight test director and pilot, is no longer with the space tourism company. “I am now a former Director of Flight Test and former SpaceShipTwo pilot,” Stucky wrote in a post on LinkedIn. He
In this article INTC SNAP TWTR SAM SKX The Twitter logo is displayed on a smartphone screen on April 14, 2021. NurPhoto | NurPhoto | Getty Images Check out the companies making headlines after the bell: Twitter — Shares of Twitter jumped more than 4% after hours following a strong quarterly earnings report. The social
Todd Bunton, CFA, Growth & Income Stock Strategist at Zacks Investment Research, discusses a stock that might be worth a closer look by investors: Omega Healthcare Investors (OHI). This healthcare REIT is a dominate player in the skilled nursing facility space. It recently delivered a solid ‘beat and raise’, prompting analysts to revise their estimates
The South Korean government announced today that crypto exchanges will face punishment if they have not voluntarily registered with the country’s authorities by September 24. This new set of regulations will reportedly affect both exchanges based in South Korea and foreign exchanges that operate in Korean markets. According to the release, that includes any exchange
The issuance of taxable municipal securities has leapt to record levels since mid-2019 against a post-tax-exempt advance refunding backdrop of historically low rates, persistently low municipal-to-U.S.-Treasury ratios, and heightened interest from an expanding global pool of investors. Bringing back a permanent, direct-pay taxable bond program similar to Build America Bonds would likely push that figure