New Jersey Department of Transportation will spend $4.5 billion on capital improvements in the new fiscal year. Officials released the department’s fiscal ’24 capital financing plan on Tuesday. It leans on a mix of state and federal funding to bankroll repairs and upgrades to transportation networks across New Jersey. “This capital program reflects the need
Several members of Congress introduced a bill to permanently raise the rum cover rate supporting some U.S. Virgin Islands and Puerto Rico bonds. The rum cover, a tax on rum sold in the 50 states, provides a revenue stream supporting USVI matching fund bonds and Puerto Rico Infrastructure Finance Authority rum bonds. The rate had
A person poses in front of a banner featuring the logo of Palantir Technologies (PLTR) at the New York Stock Exchange (NYSE) on the day of their initial public offering (IPO) in Manhattan, New York City, U.S., September 30, 2020. Andrew Kelly | Reuters Check out the companies making headlines in midday trading. Palantir –
Today we’re going to talk about the main problem when it comes to buying single call options, why I think it’s a bad idea and why most people end up losing a lot of money with single call options. I’ll also share with you some insights and things you need to be aware of when
Worldcoin, the project supported by Openai CEO Sam Altman, has launched the World App to complement the release of World ID. The application aims to democratize decentralized identities and finance by utilizing World ID to enable users to sign into different websites, crypto applications, and share personal data in a privacy-focused manner. Worldcoin Unveils World
Rishi Sunak’s plan to double down on his five core policy priorities after the Tories’ dismal local election results suffered a setback on Tuesday as the government acknowledged it had missed a key target on cutting NHS waiting lists. Health secretary Steve Barclay made clear some patients in England have been unable to secure hospital
A war of words has erupted between John Allan, the Tesco chair, and a law firm instructed by the CBI in the latest embarrassment to hit the scandal-hit lobby group. Fox Williams disputed on Tuesday Allan’s assertion that it had chosen not to investigate allegations of inappropriate conduct made against Allan, a former CBI president,
The National League of Cities is turning up the heat on Congress to move forward with legislation that would beef up safety regulations on the nation’s freight trains, citing the serious economic consequences rail disasters can have for localities. Officials from over 150 cities across the country addressed a letter to Congress Tuesday urging the
On May 9, the total market capitalization of BRC-20 Bitcoin tokens surpassed $1 billion, with a total trading volume of $207.7 million in the past 24 hours. Some of the most notable deployed tokens include ordi, nals, VMPX, pepe, and meme, with price variance of between +11% and -55% within the past day. According to analysts
Stressing the hardship a dismissal would bring, all sides in the Puerto Rico Electric Power Authority bankruptcy were urged by U.S. District Judge Laura Taylor Swain to enter into mediation in an attempt to reach a consensual plan. Bondholders are widely opposed to the Oversight Board’s current proposed plan of adjustment, she noted, and if
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Gone are the days when buying company shares required a ton of paperwork. In this video, we’ll show you how to buy stocks effortlessly, how deals are executed on the exchange, and how to calculate your budget. Test and practice your investment strategies in real market conditions with virtual money. Learn to trade and invest
The recently launched meme token, inspired by Pepe the Frog and dubbed PEPE, experienced a 12% decline against the U.S. dollar on Tuesday, plummeting its market valuation beneath the $1 billion threshold to a present $790 million. Concurrently, the total meme coin sector faced a 7% loss against the dollar, with the top six prominent
Eastern Michigan University’s troubled parking system concession deal hit a new low this month with the first payment default on a $36 million bond issue tied to the transaction. The bonds — investment grade at issuance — are now rated Caa3 by Moody’s Investors Service and trading at 53 cents on the dollar. The acrimonious
In 1900, the UK had 3.3mn horses. These animals provided pulling power, transport and cavalry. Today, only recreation is left. Horses are an outmoded technology. Their numbers in the UK have fallen by around 75 per cent. Could humans, too, become an outmoded technology, displaced by machines that are not just stronger and more dexterous
Bitcoin (BTC) treaded water below $28,000 on May 9 as markets prepared for macroeconomic data releases. Bitcoin stays muted on eve of CPI Data from Cointelegraph Markets Pro and TradingView showed BTC/USD acting near $27,700 at the day’s Wall Street open. The pair had seen deeper losses the day prior, with a tap of $27,300
As President Joe Biden holds a high-stakes meeting Tuesday with House Speaker Kevin McCarthy to try to break the debt ceiling impasse, issuers are keeping watch on the specter of a possible U.S. rating downgrade, which would reverberate through the municipal bond market. For issuers, a downgrade of the U.S. sovereign rating — would
Fintech company Munichain is rolling out its workflow management tool to a larger audience. Munichain, which was formed in 2022, attempts to break down the walls between external firms through the workflow management application, said Michael Lieberman, co-founder and head of product management at Munichain. The application, also called Munichain, is a web-based tool that
He is only 25 years of age, but Lewis Judd looks a natural at the wheel of a 40-tonne truck, performing a tricky reversing manoeuvre in the training yard of the East Midlands haulage company where he soon hopes to have a full-time job. Under the watchful eye of his instructor, Judd successfully backs up
Financial technology company PayPal recently disclosed its cryptocurrency holdings in a quarterly report filing to the Securities and Exchange Commision (SEC). Claiming a combined total of $943 million in cryptocurrency assets as of March 31, 2023, the filing shows a 56% increase over the company’s previous quarter where PayPal disclosed $604 million. PayPal’s reported total financial
This week, the Bitcoin community has been abuzz with discussions about the network’s scaling challenges. As the blockchain’s transfer fees continue to surge, the backlog of transactions stuck in the mempool has hit an unprecedented high. Crypto enthusiasts have been sharing their diverse perspectives on the matter, leading to a flurry of takes across various