The company responsible for meeting obligations on $250 million of green bonds issued in Alabama in 2022 may not be able to do so by December, it said in a recent disclosure filing. The Industrial Development Authority of Sumter County issued the exempt facilities revenue bonds to bankroll a production plant for wood pellet maker
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK Supreme Court has unanimously ruled that the government’s policy of deporting asylum seekers to Rwanda is unlawful, in a major blow to Rishi Sunak’s government. Lord Robert Reed, president of the Supreme Court,
Bitcoin (BTC) succumbed to profit-booking on Nov. 13 and 14, which pulled the price below $35,000. Corrections are a normal part of every up-move and are considered healthy as they shake out the weak hands and allow the stronger hands to add to their positions. A note of caution to the eager dip buyers is
Solar panels create electricity on the roof of a house in Rockport, Massachusetts, U.S., June 6, 2022. Picture taken with a drone. Brian Snyder | Reuters Solar stocks could rebound in the second half of 2024 after taking a beating this year, though the industry’s recovery depends largely on whether the Federal Reserve raises interest
Ethereum Layer 2 networks reached a new milestone on November 10, reaching $13 billion of total value locked (TVL) within their contracts, according to data from blockchain analytics platform L2Beat. According to industry experts, this trend of greater interest in layer 2s is likely to continue, although some challenges remain, especially in the realms of
This lush, gated estate on the Southern California coastline is prepped for a buyer to unlock its potential. The flat 4.3-acre property in Carpinteria encompasses not one but two parcels totaling 350 feet of bluff top along the Pacific Ocean. The first contains the main house and guest studio. The second is a park-like stretch
Former US President Donald Trump appeared in court on Tuesday for the third week of a civil fraud trial in New York, on October 17, 2023. Fatih Akta | Anadolu Agency | Getty Images Donald Trump and his co-defendants asked a judge Wednesday to grant a mistrial in the $250 million civil business fraud case
Municipals were firmer across the curve, but underperformed a U.S. Treasury rally after a lower consumer price index report indicated the Federal Reserve may soon be done hiking rates. Equities also rallied. “The Fed looks smart for effectively ending its tightening cycle as inflation continues to slow,” said Bryce Doty, senior vice president and senior
The Nov. 13 XRP (XRP) price action stemming from a falsified BlackRock XRP trust filing shouldn’t sway the United States securities regulator’s decision to approve or delay spot Bitcoin (BTC) exchange-traded funds (ETFs) — but it isn’t a good look, say industry observers. The Securities and Exchange Commission has previously claimed the Bitcoin market can
A tranche of economic development revenue refinancing bonds issued by the Arkansas Development Finance Authority has been found to be taxable by the Internal Revenue Service. The ruling affects $5.43 million of paper issued by the ADFA in 2016. The issuer has received notice from the IRS via form 5701-B that includes a proposed adverse determination,
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Suella Braverman has accused Rishi Sunak of a “betrayal” of his pledge to “stop the boats” in a blistering attack on the prime minister. The former home secretary lashed out at Sunak a day after
I just spent an entire week working in virtual reality using the new Meta Quest 3. While the experience still mostly sucked, I came away with some renewed optimism for VR in the workplace. As I took Ron’s outstretched, virtual hand for a handshake, my actual hand — in the real world — clumsily whacked
Zillow recently announced its six hottest home trends to watch for in 2024. Four of them are wellness related. No one should be surprised by this, as homeowners are increasingly acknowledging and appreciating the links between their living spaces and quality of life. That’s showing up in both home improvement and resale reports. Here are
In this article RDFN Follow your favorite stocksCREATE FREE ACCOUNT A “For Sale” sign in Arlington, Virginia, on Aug. 22, 2023. Andrew Caballero-Reynolds | AFP | Getty Images Fewer people can afford to buy a house these days. On top of soaring home prices, 30-year fixed mortgage rates have been hovering near the highest level
Moody’s Investors Service revised its rating outlook for the Aaa-rated District of Columbia to negative Monday, matching its Friday action on the United States government. At the same time, the rating agency affirmed the Aaa issuer ratings and stable outlooks of Florida, Maryland and Virginia. The actions follow Friday’s outlook revision on the United States
Bitcoin (BTC) institutional investment vehicles have seen over $1 billion in new inflows in less than two months. In its latest weekly report on Nov. 13, crypto asset management firm CoinShares furthered the narrative that Bitcoin and altcoins are again attracting capital. Crypto institutional product AUM up 99% year-to-date Bitcoin, Ether (ETH) and some major
The Financial Industry Regulatory Authority has fined Knoxville, Tennessee-based Home Financial Services $50,000 for its failure to disclose execution times, mark-ups, mark-downs and related supervisory failures on customer confirmations for thousands of municipal securities transactions. Without admitting or denying the findings, Home Financial has consented to the fine and a censure. The action arose from
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak has sacked Suella Braverman, the controversial home secretary, after she defied the prime minister’s authority last week, as the he launched a major reshuffle of his top team. In further developments on Monday
Bitcoin (BTC) has risen more than 120% year-to-date, indicating that the crypto sentiment has improved significantly. Solid buying has resulted in a sharp increase in crypto wallets holding more than $1 million in Bitcoin this year from 23,795 on Jan. 1 to 81,925 currently, according to BitInfoCharts data. After the substantial rally, Bitcoin could face
In this article CYB-FF NOW AMZN AAPL Follow your favorite stocksCREATE FREE ACCOUNT A man check his phone near an Apple logo outside its store in Shanghai, China September 13, 2023. Aly Song | Reuters Companies are feeling the ill effects of dampening consumer demand in a range of sectors, but select names are confident