The Metropolitan Airports Commission will issue $125 million of bonds over the next few years to finance its share of a major terminal modernization project at the Minneapolis-St. Paul International Airport. The commission, which already sold $60 million of bonds for the Terminal 1 project as part of a nearly $372.7 million subordinate airport revenue
Speaker of the House Mike Johnson may have secured a short-term win in passing a “laddered” continuing resolution to keep parts of the government funded until Jan. 19 and Feb. 2, but the measure will likely create many more legislative issues and earmark the early months of 2024 for more dysfunction in the Republican-controlled House.
The expiration of the bipartisan infrastructure law may be three years away, but it’s not too early for state transportation advocates to begin considering Congressional priorities for the next surface transportation funding bill. “We want to be ready,” said Joung Lee, deputy director and chief policy officer of the American Association of State Highway and
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
Crypto firm Bakkt appears to be returning to digital asset custody as its primary business, adding support for six new coins, according to an announcement on Nov. 15. Aside from Bitcoin (BTC) and Ether (ETH), Bakkt will expand its custodial support to include Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum Classic (ETC), Litecoin (LTC), Shiba Inu (SHIB)
The judge in the Puerto Rico Electric Power Authority bankruptcy case rejected the bond parties’ objections to the Oversight Board’s supplemental disclosure statement, a major step toward confirming the deal, which sets recovery for some bondholders at as little as 3.5% of par. U.S. District Judge Laura Taylor Swain asked the board to make minor
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The first time I witnessed a spontaneous pro-Palestine gathering was 20 years ago when I was doing a master’s degree in London. Back then I was astonished to see European students expressing such passionate support
Stay informed with free updates Simply sign up to the US-China relations myFT Digest — delivered directly to your inbox. The world’s two biggest polluters have made a positive “gesture” to co-operate on climate change, with the US and China agreeing to accelerate the rollout of renewable energy to displace their heavy reliance on fossil
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
Miami-Dade County, Florida’s almost $500 million taxable seaport revenue bond deal, which was expected in late summer was postponed due to rising interest rates but is still expected to be sold. The postponement affected the planned sale of the $499.2 million of Series 2023 senior lien seaport revenue bonds to be issued by Miami-Dade County
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
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Disney CEO Bob Iger speaking with CNBC’s David Faber at the Allen&Co. Annual Conference in Sun Valley, Idaho. David A. Grogan | CNBC ValueAct Capital has taken a significant stake in Disney (DIS) and has been in dialogue with Disney’s management, the Activist Spotlight has
Disembarking the Liberty houseboat moored off the frontier of the European Union, we’re met by a pair of Serbian police officers, their lit squad car nearly blinding us in the dark forest. “How many people are staying on the boat?” one asks, holding a large dog at bay. “I really don’t recall,” says my colleague
Villanova University in Pennsylvania is rescuing bondholders who own debt sold by Cabrini University, a small Roman Catholic school that announced it would close in 2024 after struggling financially for years. Cabrini, which has about 1,600 enrolled students, announced in June that it would sell its campus to its large neighbor, Villanova University, which boasts
As the Infrastructure Investment and Jobs Act nears its second anniversary, the Biden administration is still striving to close the gap between awarding transportation grants and actually getting the cash to the states and cities that have won the money. Shortening that timeline remains a top priority for the administration, Federal Highway Administration CFO Brian
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
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. It is a measure of how far British politics has fallen that the return of David Cameron to high office has been heralded as a restoration of competence. The former prime minister, now enjoying the
Rishi Sunak was quick to claim credit for the lowest annual UK inflation rate in two years on Wednesday, saying that taming price rises had required “hard decisions and fiscal discipline” and would ease pressures on families. But even as the prime minister declared that he had met his pledge to voters to halve price
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 ruled that the government’s Rwanda migration scheme is unlawful, delivering a severe blow to Prime Minister Rishi Sunak’s flagship policy aimed at halting irregular Channel crossings. Five judges on Wednesday
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer, a former government lawyer, is an FT contributing editor The UK Supreme Court has held that the Rwanda removals policy is unlawful — but it has deftly done so without depending on the
Bitcoin (BTC) recently surged above $37,000 between Nov. 10 and 12, only to falter and undergo a correction toward $35,000 on Nov. 13. This abrupt movement triggered the liquidation of $121 million worth of long futures contracts, and while Bitcoin’s price stabilized around $35,800 on Nov. 14, investors are left pondering the underlying factors behind