Moody’s Investors Service put the Guam Power Authority revenue bonds’ Baa2 rating on review for a possible downgrade following damage from Typhoon Mawar that hit the territory in late May. Moody’s on Wednesday said the downgrade review stemmed from Mawar’s damage to the territory and “to a lesser extent to GPA’s infrastructure,” said William Oh,
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Federal Reserve Bank of Atlanta President Raphael Bostic disclosed having made prohibited personal trades last year. Bostic said his account managers executed nine sales and 10 purchases on his behalf on May 2, 2022, one day before the Federal Open Market Committee was set to meet. Fed officials are prohibited from engaging in trades for
In this article DPZ TGT SOFI WLY COIN Follow your favorite stocksCREATE FREE ACCOUNT CAVA, at the NYSE during IPO June 14, 2023 Source: NYSE Check out the companies making the biggest moves midday: Cava Group — Shares soared 91% in midday trading during its first day as a public company. Cava Group priced its
Municipals were firmer in spots Thursday while U.S. Treasuries made larger gains and equities rallied a day after markets digested the Fed’s decision to hold rates steady. Municipals saw some strength emerge as the session progressed with yields falling a basis point or two inside of 20 years while U.S. Treasuries saw yields fall up
Wisconsin lawmakers signed off on legislation that raises local government aid and empowers Milwaukee and Milwaukee County to enact a sales tax hike after months of negotiations and dire warnings over the city’s looming insolvency. Lawmakers gave final approval to the legislation late Wednesday and Gov. Tony Evers is expected to sign it. As part
Despite a relatively drama-free resolution to the nation’s debt limit debate, risks remain for state and local governments, chief among them cuts in federal spending, higher borrowing costs and skittish municipal market buyers. That was the message from panelists weighing in Thursday during a webinar hosted by the Volcker Alliance on the implications of the
NatWest and Nationwide, two of the UK’s largest mortgage lenders, announced on Thursday they were increasing rates, piling further pressure on household budgets and the government as it tries to contain the cost of living crisis. The decision by NatWest is the second time this week it has increased rates, mirroring a similar announcement by
Curve DAO’s governance token CRV dropped 12% on June15 after reports surfaced of risky loans taken by its founder, Michael Egorov, on Aave. The token recorded its lowest trading level against ether (ETH) at 0.00035010 ETH on June 15. According to on-chain analytics outlet LookOnChain, Egorov deposited 431 million CRV (worth around $246 million) across
Ethan Miller | Getty Images News | Getty Images Mortgage rates are likely to remain high despite the Federal Reserve’s pause on interest rate hikes. While that may be good sign for fixed-income funds in California, the pause is a blow to affordable housing in the state, said Fiona Ma, California state treasurer, during the
The House Wednesday passed legislation to block a proposed Department of Energy rule that may effectively ban many models of gas stove, a move strongly opposed by public gas utilities. The Save Our Gas Stoves Act passed the House with bipartisan support. The legislation is the second of two pieces designed to slow the roll
Venture capital firm Molten Ventures has slashed the valuation of its stake in Revolut, the second investor to do so as the UK fintech awaits regulators’ decision on whether to offer it a banking licence in its home market. Molten Ventures, formerly known as Draper Esprit, invested £7.1mn in the fintech in 2018. In its
While intuitively, mining Bitcoin may appear like a highly profitable endeavor, research suggests otherwise. After discovering Bitcoin, most users go down the rabbit hole and consider whether it is better to mine or buy Bitcoin directly. They usually give up due to the cost and rigor of running ASIC miners, regulatory uncertainty, and the lack
Three weeks ago, the US Treasury announced the launch of a new oversight committee called the “Cloud Executive Steering Group.” It received almost no public attention. No wonder: compared to the explosive controversies around cryptocurrencies, ChatGPT or Europe’s new drive to break up Google’s dominance of adtech, cloud computing — the public and private data
Facing notorious traffic jams and a desire to expand transit options, Los Angeles has rekindled a plan to charge motorists to drive into the city. If it is implemented along with a similar plan in New York, it would bring congestion pricing to the two largest cities in the U.S. The Los Angeles County Metropolitan
Rishi Sunak was said to be “too busy” on Thursday morning to read the 108-page report that trashed the reputation of Boris Johnson. He might have enjoyed it. “They really hate each other — it’s personal,” said one cabinet minister. The report by the House of Commons privileges committee, with its litany of findings of
Bitcoin (BTC) is copying the prelude to its 2020 breakout to an “insane” extent, the co-founders of Glassnode have said. In a tweet on June 15, Yann Allemann and Jan Happel highlighted three BTC price metrics which are anything but bearish. Metrics echo Bitcoin’s “major reversals and rallies” BTC/USD reached local highs of $31,000 in
In this article 8411.T-JP DPZ ALDX CGNT TGT Follow your favorite stocksCREATE FREE ACCOUNT Dado Ruvic | Reuters Check out the companies making headlines in premarket trading. Target — The retailer gained 0.6% after announcing it would increase its dividend by 1.9%, or 2 cents, to $1.10 per share. Cognyte Software — Shares rose 5.6%
The Municipal Securities Rulemaking Board has added Jerry Ford to serve as a municipal advisor representative on its Board of Directors, filling the spot left vacant after Jill Jaworksi left her position to become the chief financial officer for the City of Chicago. Ford is a familiar face to the MSRB, having served on the
New York City Comptroller Brad Lander and Public Advocate Jumaane Williams appointed five members to the advisory board of the city’s Independent Budget Office on Wednesday. Two of the appointees, Dean Fuleihan and Melanie Hartzog, were members of former Mayor Bill de Blasio’s administration. The board consists of 10 people appointed by the comptroller and
The IRS announced Wednesday clarifications to rules affecting clean energy tax credits that are expected to boost bond issuance. The credits were delivered via the Inflation Reduction Act, and took effect in January, but some utilities were cautious about trying to cash them in until the agency offered guidance. Most of the nation’s electricity is
Suppose that you sue (or threaten to sue) your landlord and are about to collect a settlement. But someone mentions taxes, so you want to confirm, you won’t pay taxes on this, right? Wrong. In fact, if you use a contingent fee lawyer like most tenants do, you might end up paying taxes not only