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This month, the seven-member Puerto Rico Financial Oversight and Management Board (FOMB), which was created by Congress in 2016 and tasked with restructuring the island’s debts, was poised to achieve a significant milestone. Ending bankruptcy at PREPA, Puerto Rico’s Electric Power Authority, is the last remaining step in the restructuring of Puerto Rico’s debts, and
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Desert Community College District in California saw its general obligation rating upgraded by Moody’s Investors Service by one notch to Aa1 affecting $511.5 million of debt. The outlook was revised to stable from positive. The upgrade “reflects the district’s large and growing tax base and improving financial position,” Moody’s analysts wrote in Monday’s report. The
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Growing indicators suggest bonds from assisted living facilities and nursing homes may show increasing defaults in the coming months. Through the first six months of 2023, Municipal Market Analytics’ Default Trends found that 4.17% of all retirement sector par became impaired, compared to 3.09% of the sector’s par that became impaired in all of 2022.
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The UK’s financial regulator has proposed new guidance governing how financial products can be marketed on social media platforms to limit what it described as “significant consumer harm” from unsuitable and illegal promotions. In a consultation that began on Monday, the Financial Conduct Authority said its new consumer duty — which requires banks, insurers and
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In today’s fast-paced digital world, speed and convenience are paramount when it comes to online transactions. Whether you run an e-commerce business or simply want to make swift payments online, having a reliable payment gateway that ensures seamless and speedy transactions, including support for cryptocurrencies, is essential. Here are seven payment gateways known for efficiency,
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In this article YELP TSLA CHWY Follow your favorite stocksCREATE FREE ACCOUNT An Activision Blizzard’s Call of Duty: Modern Warfare video game is inserted into the Microsoft’s Xbox One video game console. Michael Ciaglo | Bloomberg | Getty Images Check out the companies making the biggest moves before the bell: Activision Blizzard — The video-game
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The writer sits on the Civil Justice Council and the UK Ministry of Justice’s senior data governance panel ChatGPT, the technology that launched a thousand quandaries, has now reached the attention of the most senior judges in the UK. This month, the House of Lords constitution committee heard evidence from the president of the Supreme Court.
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What would a press secretary in a Russian embassy in the west be forwarding to the Kremlin these days? The question was posed to me by a German official early in Ukraine’s counteroffensive. I was reminded of this during the Nato summit last week — and even more so after the revelation of talks between
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Ethereum layer-2 scaling solution zkSync Era has launched a new Scalable Transparent Argument of Knowledge (STARK)-based proof system called Boojum that promises to run on consumer-grade general processing units (GPUs). ZkSync Era is one of a handful of Ethereum scaling protocols using zero-knowledge rollups (ZK-rollups) to increase capacity and speed while reducing fees. ZK-rollups mostly use two
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