The Puerto Rico Oversight Board asked the First Circuit Court of Appeals to dismiss an effort by a Puerto Rico Electric Power Authority bondholder and bond insurer to let them appoint a receiver for the authority. The board told the court the issue was still before the District Court, which hasn’t fully ruled on the
Theodore R. Vogel, a 30-year veteran of the municipal bond market and seasoned portfolio manager, died on Sept. 3 at his home in Millington, N.J. Vogel, 64, specialized in and was recognized for fixed income solutions, especially taxable and tax-exempt portfolio strategies and execution. He also had expertise in overall financial markets, investments, risk mitigation,
Bitcoin (BTC) hit new October lows after the Oct. 11 Wall Street open, as one analyst hailed the “final stage” of the cryptocurrency bear market. BTC/USD 12-hour chart. Source: TradingView Bitcoin traders stress importance of $26,800 Data from Cointelegraph Markets Pro and TradingView showed further BTC price weakness emerging, costing bulls $27,000 support. At the
In this article NOVO.B-DK PXD XOM Follow your favorite stocksCREATE FREE ACCOUNT The Mobil logo and gas prices are displayed at a Mobil gas station on October 28, 2022 in Los Angeles, California. Mario Tama | Getty Images Check out the companies making headlines in premarket trading. Plug Power — The battery stock added nearly
In the days since Hamas’ surprise assault on Israel, the Jewish state has also been fighting on another front: its northern border with Lebanon, where light artillery exchanges have killed three members of militant group Hizbollah. The violence there has so far broadly observed informal red lines that have prevented that conflict from spiralling in
In 2023, the Nashville housing market presents a paradox that has left both buyers and sellers scratching their heads. While the price tags on homes continue to soar, reflecting a robust demand and a city bursting with potential, the pace at which properties are changing hands has noticeably decelerated. This juxtaposition poses a multitude of
Federal Reserve Governor Michelle Bowman said interest rates may need to rise further and stay higher for longer than previously expected to get inflation down to the central bank’s goal. Despite recent improvements, “inflation remains well above the FOMC’s 2% target. Domestic spending has continued at a strong pace, and the labor market remains tight,”
Connecticut will bring more than $1.1 billion of bonds to market for various transportation initiatives in a pricing next week. One of the oldest and most densely populated states, Connecticut has taken steps to shore up aging infrastructure, Peter Scherer, director in KBRA’s Public Finance Group, told The Bond Buyer. KBRA upgraded the long-term rating
Bond bulls may have just had a fresh speed bump placed in front of them by Federal Reserve Bank of San Francisco President Mary Daly. Daly said the neutral interest rate — also known as R-star — may be higher now than it was before the pandemic, adding to the groundswell of concern the central
The seal of the U.S. Securities and Exchange Commission hangs on the wall at SEC headquarters in Washington, June 24, 2011. Jonathan Ernst | Reuters Securities traders are gathering in Washington. The big topic: trying to figure out what the Securities and Exchange Commission is doing. You know it’s bad when one of the session topics is
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Egyptian intelligence repeatedly told Israel that the situation in the Gaza Strip could “explode”, warnings that went unheeded before the deadly Hamas assault on the Jewish state, according to two officials familiar with the matter.
Signed into law in March of 2021, the American Rescue Plan Act (ARPA) allocates $1.9 trillion of economic stimulus to aid in the recovery from the COVID-19 pandemic. Of that, $350 billion is allocated for states, counties, municipalities, tribes and territories. But not all government entities have applied for ARPA funds, particularly with the intent
The North Carolina Local Government Commission has approved almost $2 billion in bond and local financing requests from municipalities across the state. The LGC, chaired by State Treasurer Dale Folwell, must sign off on the issuance of any state and local government debt. The North Carolina Housing Finance Agency received approval Oct 3 to issue
In a world increasingly anxious about privacy and exploitation of one’s personal data by governments, corporations, social media platforms and banks, zero-knowledge proofs may offer some relief. Indeed, this emerging cryptographic protocol could partially remedy two rapidly growing global deficits: privacy and truth. ZK-proofs have already found a home within the cryptocurrency and blockchain sector
With bragging rights as the live music capital of the world, Austin, Texas, is often filled with sound. Yet, that’s not all you’ll find rising high above the streets. Some valuable downtown airspace is also where a select few make their homes in luxury and style. The 12 penthouses at The W Residences offer the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The death toll in Israel has reached 1,200 people as the country discovered new evidence of mass killings by Palestinian militant group Hamas and prepared for a large-scale operation in Gaza following an unprecedented attack
A house for sale in Arlington, Virginia, in July of 2023. Saul Loeb | AFP | Getty Images The average rate on the 30-year fixed mortgage rose to the highest level since 2000 last week, but rates on adjustable-rate mortgages fell. That caused a run on these so-called ARMs, pushing total mortgage application volume very
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. There is no contradiction between reviling terrorism and tackling its roots. Both the following statements are true: Hamas has plumbed new depths of bestial cruelty; Benjamin Netanyahu’s Israel has starved non-violent Palestinian alternatives. Joe Biden
Cryptocurrency exchange Bitstamp hopes to return to Canada after halting operations early next year, according to Bitstamp U.S. CEO and global chief commercial officer Bobby Zagotta. Bitstamp will officially discontinue its services to customers in Canada starting from Jan. 8, 2024, the exchange confirmed in a statement to Cointelegraph. As a result of the service
Cryptocurrency exchange Binance is scaling its tools aiming to prevent unnecessary trading fees associated with unintentional self-trades. Binance will fully roll out the self-transaction prevention (STP) function for all users of spot and margin trading on Oct. 26, the firm announced on its blog on Oct. 11. Following the integration, the “expire maker” STP mode
Israel has mobilised more than 300,000 reservists in preparation for large-scale attacks on Gaza as the country discovered new evidence of mass killings by Palestinian militant group Hamas. The death toll in Israel has reached 1,200 people, with 2,700 wounded, Jonathan Conricus, a spokesperson for the Israel Defense Forces, said in a statement posted early