Hawaii Gov. Josh Green called the fires that have devastated Maui and resulted in 55 confirmed deaths, “likely the largest natural disaster in Hawaii state history.” The wildfires that started Tuesday on Maui have burned at least 20 square miles, 13,000 acres, including the coastal town of Lahaina, according to a live map created by
Bond investors have been on the rack in recent days and weeks. So much so that you have to ask why economists and professional investors continue to refer to government bonds as safe and risk-free investments, relative to supposedly riskier equities. The charge against these government IOUs is pretty damning. Take the US treasury market,
Ukraine’s president Volodymyr Zelenskyy has ordered the sacking of all the country’s regional army recruitment chiefs after investigators discovered officials had been taking bribes to allow people to avoid the military draft on medical grounds. Despite the patriotic fervour that has gripped the country 18 months into Russia’s full-scale invasion, some men are desperate to
Bitcoin miner Bitdeer Technologies, a firm spun-off from prominent Bitcoin Application-Specific Integrated Circuit (ASIC) manufacturer Bitmain, recorded a net loss of $40.4 million in Q2 2023, up from a net loss of $15.6 million in Q2 2022. The company disclosed in its earnings report published on Aug. 11 that the losses were largely attributed to
Amtrak and Texas railroad company Texas Central announced Wednesday they’re eying a partnership to breathe life into a long-stalled and controversial bullet train between Houston and Dallas. “If we are going to add more high-speed rail to this country, the Dallas to Houston corridor is a compelling proposition and offers great potential,” Amtrak Senior Vice
Connecticut officials say a debt service reserve fund insurance policy allowed them to fund the state’s new baby bond trust without resorting to borrowing. Since July 1 newborns birthed under Connecticut’s Medicaid program, Husky, have been automatically enrolled in CT Baby Bonds and credited with $3,200 deposit that will be invested on their behalf. Between
The owner of Center Parcs is racing to fashion a consortium out of the remaining bidders for the UK holiday resorts chain after a final bid deadline passed without any formal offers being made, according to people familiar with the matter. Canadian private equity group Brookfield put Center Parcs up for sale earlier this year,
Bitcoin (BTC) traders are currently not pleased with the recent price trends, especially due to the inability of its price to surpass the $30,500 mark over the last four weeks. This frustration is compounded by the fact that several requests for spot Bitcoin exchange-traded funds (ETFs) are either being delayed or pending review from regulators.
The Securities and Exchange Commission’s (SEC) delay in deciding whether to approve a spot Bitcoin (BTC) exchange-traded fund (ETF) in the United States is fueling expectations that a final verdict will come in a batch that includes key players on Wall Street, including BlackRock and Fidelity. “There’s a tremendous amount of pressure on the SEC
In this article COIN DNUT JD MAXN LRCX NXPI UBSG-CH NWSA Follow your favorite stocksCREATE FREE ACCOUNT Alibaba Group sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. Aly Song | Reuters Check out the companies making headlines in midday trading. News Corp — The media company’s shares
The White House’s supplemental funding request, sent to Congress yesterday, aims to pass $40 billion in additional funding measures and includes a $12 billion injection for the Federal Emergency Management Agency’s dwindling Disaster Relief Fund, but some are pushing for it to be considered as a standalone bill over fears that it could be held
The recovery in business travel has stalled this year amid record price rises for premium flights and growing pressure on big companies to cut their carbon emissions. Europe’s three major airline groups reported a drop in the rate of recovery in corporate travel in their most recent earnings, while bookings at US airlines have flatlined
The Federal Reserve’s drive to shrink its swollen balance sheet is poised to hit $1tn this month, a significant milestone in the US central bank’s attempt to reverse years of easy pandemic-era monetary policy as investors warn further reductions threaten to shake financial markets. The US central bank bought trillions of dollars of government bonds
Tenant behavior in the office market, regulation in multifamily and a much higher cost of capital contributed to a 43% drop in New York City investment sales to $12.8 billion in 1H 2023 from 1H 2022, according to research compiled by Ariel Property Advisors. However, that drop was expected as we began to see a
A “substantial number” of Puerto Rico Electric Power Authority bondholders agreed in principle to a settlement, the Puerto Rico Oversight Board announced Thursday afternoon. As a result, the board sought and received an extension to Aug. 18 for the deadline to submit a proposed plan of adjustment. Board Spokesman Matthias Rieker said the board wouldn’t
A winery for sale in Southern Oregon checks all the boxes: thriving vineyards, riverfront location, rolling meadows, mountain views and plenty of space to expand. It’s located in Applegate Valley, surrounded by the Siskiyou Mountains, which is picturesque without being too remote. The property is a half-hour south of the Rogue River and 15 minutes
A Six Flags Great Adventure “Clean Team” crew member disinfects the Wonder Woman: Lasso of Truth ride every 30 minutes. Kenneth Kiesnoski/CNBC Check out the companies making headlines in premarket trading. UBS — Stock in the Swiss bank ticked up 4.6% before the opening bell following news that UBS ended a $10 billion loss protection
On August 1, around lunchtime, a UK resident who felt under-briefed on the coup in Niger would have found the homepage of our national broadcaster’s website unilluminating. “Hiccupping giant panda caught on camera in China” had made the editorial cut, though. So had “Boris Johnson’s swimming pool plans threatened by newts”: one of three stories that
Asylum seekers were evacuated from the accommodation barge leased by the UK on Friday after traces of the bacteria that cause legionnaires’ disease were found in the controversial vessel’s water system. The Home Office announced it had removed 39 people from the Bibby Stockholm, just days after the first asylum seekers had gone on board.
The United States Securities and Exchange Commission (SEC) has delayed a decision on approving or disapproving the spot Bitcoin (BTC) exchange-traded fund proposed by ARK Investment Management. In an Aug. 11 notice, the SEC opened a 21-day comment period for the ARK 21Shares Bitcoin ETF to the public following publication in the Federal Register, the
With a record number of couples getting married this year, there is certainly lots to celebrate this wedding season. However, the cost of doing so may be tying your finances in knots. Having been delayed by pandemic restrictions, couples have had longer to plan ever more elaborate ceremonies. You only have to glance at Instagram