A nearly depleted triple-A-rated school bond guarantee program in Texas will get a huge capacity increase after the state board of education lowered the amount set aside for a reserve. The reduction in the Permanent School Fund program’s reserves to 0.25% from 5%, which was approved earlier this month, along with additional capacity from February
The tax revamp in the 2017 Tax Cuts and Jobs Act would become permanent under a bill with heavy Republican support introduced Monday. Florida Republican Rep. Vern Buchanan, vice-chair of the House Ways and Means Committee, on Monday re-introduced the TCJA Permanency Act, which he originally filed last September during the Democratic-controlled 117th Congress. The
press release PRESS RELEASE. Abu Dhabi, 13 February 2023 — Venom Foundation, the first Layer-1 blockchain licensed by the Abu Dhabi Global Market (ADGM), has announced a partnership with DAO Maker, a leading blockchain growth solutions provider known for their Launchpad, to incubate promising Web3 startups focused on delivering real-world use cases. DAO Maker will
At the start of every shift at the once world-renowned Harland & Wolff shipyard in Belfast where the Titanic was built, a horn that could be heard across the city used to ring out. It sounded again last month — this time to mark a new beginning. Three years ago, as boss of London-based energy
Southwest issuers sold $82.2 billion of municipal debt last year, a 10.5% tumble from 2021 that was the smallest decrease among regions and well below the 19.5% plunge nationwide. In Texas, which accounted for the lion’s share of the Southwest’s issuance, laws restricting access to government contracts shook up underwriter rankings as some big investment
2023 is off to a great start, with Bitcoin (BTC) rocketing up 40% in January. The good news is not relegated to just Bitcoin, however, as this price increase has sent ripple effects across the cryptoverse. Mining revenue jumped $22.66 million in January, and crypto-related stocks doubled on average. Despite this good news, venture capital
Less than two years after selling $504.5 million of taxable pension bonds, Kansas is considering buying back a chunk of the debt from bondholders using surplus revenue. House Bill 2102 would appropriate $250 million for the state treasurer to repurchase $300 million of term bonds due in 2051 through a tender offer. State Treasurer Steven
Bakkt Holdings Inc. announced Monday that it will solely focus on business-to-business technology solutions and discontinue its consumer application. The company stated that the app will officially be discontinued on March 16, 2023, and app users will continue to have access to all of their assets. Bakkt Consumer App to Sunset, Loyalty Points Still Accessible
The Federal Reserve will likely have to keep raising interest rates to rein in price growth, which could slow economic expansion and affect the jobs market, Governor Michelle Bowman said. “We are still far from achieving price stability, and I expect that it will be necessary to further tighten monetary policy to bring inflation down
Polygon fell by over 10% on Feb. 13, as a red wave swept through cryptocurrency markets during Monday’s session. Volatility was high ahead of Tuesday’s U.S. consumer price index release, and with the depegging of BUSD. Cosmos also traded lower to start the week, hitting a 14-day low. Polygon (MATIC) Polygon (MATIC) dropped by as
Liberty Global, the US group chaired by “cable cowboy” John Malone, has bought a nearly 5 per cent stake in Vodafone, as it bets that forthcoming deals and restructuring will revive the beleaguered UK telecoms group. Denver-based Liberty Global has acquired 1.3bn shares, representing 4.92 per cent of share capital, financed mostly through derivatives, and
Rishi Sunak has said the UK will do “whatever it takes” to keep itself safe and that its air force is on standby to take down any unidentified objects or suspected Chinese spy balloons that enter national airspace. The prime minister’s comments on Monday followed the launch of a security review by defence secretary Ben
Brazilians will now be able to pay part of their state taxes using cryptocurrencies. Banco do Brazil, a mixed ownership bank, is launching the option of paying a set of taxes with crypto, using Bitfy, a Brazilian cryptocurrency startup, as a payment processor, exchanging the cryptocurrencies paid for Brazilian reals on the fly. Brazilians Will
Global stocks opened on Monday with gains as investors looked ahead to upcoming economic data they hoped would ease the pressure on the US central bank to continue lifting interest rates. Wall Street’s blue-chip S&P 500 index rose 0.7 per cent and the tech-heavy Nasdaq Composite added 0.9 per cent shortly after the New York
Bitcoin (BTC) drifted toward major liquidity around the Feb. 13 Wall Street open as the dust settled on United States regulatory news. BTC traders spread bids lower Data from Cointelegraph Markets Pro and TradingView showed BTC/USD $21,476 on Bitstamp, almost matching the weekend’s three-week lows. As analysts expected a “choppy” day prior to key U.S.
On Sunday, Feb. 12, 2023, the domain registrar Namecheap’s email account was compromised by hackers. Subsequently, a large number of individuals received phishing emails claiming to be from Metamask and DHL. These emails originated from the email platform Sendgrid, a service used by Namecheap for marketing correspondence. Namecheap Confirms Email Account Compromise and Disables Sendgrid
Bitcoin (BTC) is known for its robustness, security and predictability. Every 10 minutes–on average–the blockchain produces a new block and the successful miner earns a block reward of 6.25 BTC, circa $130,000. However, every once in a while, the Bitcoin blockchain surprises observers and participants. At block height 776,339, nodes across the network verified a
Ethereum started the week trading below $1,500, as it was reported that Paxos will no longer mint BUSD. This has led to a depegging of the stablecoin, and comes ahead of the upcoming U.S. inflation report, which is also adding to today’s volatility. Bitcoin edged lower on Feb. 13, as prices remain near a three-and-a-half-week
In this article CDNS FIS RL CAT META NSC Follow your favorite stocksCREATE FREE ACCOUNT A Ralph Lauren store in downtown Philadelphia, PA. Fred Imbert | CNBC Check out the companies making headlines before the bell. Norfolk Southern — Shares slid more than 3% following reports that the Environmental Protection Agency sent the rail company
In a year marked by shrinking issuance, the electric power and utilities sectors showed the smallest volume contractions. Electric power declined 3.4% and utilities declined 10.1%, compared to 2021 levels. Overall municipal volume was down 19.5%. All data is from Refinitiv and all percentages are for changes in dollar issuance volume in 2022 compared to
Municipalities relied less on interim financing in 2022, which triggered a 25.6% decline in short-term note issuance, resulting in historically low volume for the year, according to municipal sources. Overall, short-term volume fell to $24.83 billion in 1,757 issues, compared to $33.35 billion in 1,944 issues in 2021, according to data from Refinitiv. City, state,