The Puerto Rico bankruptcy judge approved the Oversight Board’s plan to notify affected parties of its interpretation of the bond law supporting the bankruptcy, allowing the board’s motion to move forward with pension changes in the Plan of Adjustment. On Monday the board’s lead attorney told Judge Laura Taylor Swain the current bond adjustment deal
Fuel tax rebates attributable to the miles driven on an interstate highway could help to quell long-standing concerns of double taxation by partly offsetting the cost of new tolls, according to a new report from the Reason Foundation. The report was authored by Robert Poole, director of transportation policy at the Libertarian think tank. Interstates,
An increase in oil prices that has benefited Alaska coffers spurred another political fight in the Last Frontier over how much to hand out to state residents from the state’s Permanent Fund. The state’s preliminary revenue forecast released by the Department of Revenue on Friday showed that the recent increase in oil prices could lead
A federal judge approved civil sanctions against former IFS Securities Inc. trader Keith A. Wakefield, while a parallel criminal case advances with an arraignment set for Nov. 9. Wakefield is accused of embezzling funds and doctoring the now defunct Atlanta-based firm’s books as part of a cover-up, as well as unauthorized trading of fixed-income securities
Fort Worth Independent School District’s $1.2 billion of bonds appeared to have passed by 42 votes. If the $1.2 billion Proposition A holds on to its razor-majority out of more than 24,600 votes, it will be the only one of four on Fort Worth’s ISD ballot to win approval, according to preliminary results. Results are
On a day when the Federal Open Market Committee made taper official, equities hit all-time record highs and U.S. Treasuries lost ground, while municipals made gains early on and stuck with them in an actively traded secondary. High-grade benchmark yields fell one to three basis points while USTs ended the day higher after an up-and-down
Puerto Rico’s economic activity index for August showed improvements from July and from August 2020. The index’s value was up 0.2% from July and up 3.3% from August 2020. August was the second consecutive month the index went up on a month-to-month basis. “The recovery in economic activity continues but at a weaker pace,” said
Eric Glyman and Karim Atiyeh, cofounders of corporate card startup Ramp Corporate charge card start-up Ramp is going after publicly-traded competitor Bill.com with a free invoice management and payments platform, CNBC has learned. The start-up has grown rapidly this year by offering small and medium-sized businesses a cash back card paired with software that identifies
In this article ENPH FBHS MSFT Photo Illustration by Pavlo Gonchar SOPA Images | LightRocket | Getty Images Check out the companies making headlines in after hours trading: Robinhood — Shares of the stock-trading app declined more than 9% during extended trading after the company’s third-quarter revenue missed expectations amid a slowdown in cryptocurrency trading.
In the world of technical analysis, any tool that gives the trader insight into the next possible market move is highly valued because an early signal of impending price action can turn an average trade into a multibagger. In a rare occurrence, Cointelegraph Markets Pro just posted a VORTECS™ score of 98, one of the highest
Solana (SOL) price is meeting resistance near its all-time high again, but solid fundamentals and the impressive growth of its decentralized finance (DeFi) and non-fungible token (NFT) ecosystem are likely to drive the altcoin above $250 before year-end. SOL/USDT 1-day chart. Source: TradingView Institutional investor interest is likely a key factor behind Solana’s impressive 490%
A mountain contemporary in Vail Valley has thrown down the gauntlet with what may end up being the most expensive sale in 2021 for the area. One of highest closing prices recorded so far this year in Colorado, the $30.5-million transaction was for an architectural showplace set on more than three-quarters of an acre along
Investors could expect more Chinese property developers to default on bond payments, but troubles in the real estate sector have not spilled over to other industries, an analyst said Tuesday. Financial distress among Chinese real estate firms came to forefront in the last few months as Evergrande and other developers struggled to repay their debt.
Elon Musk’s electric car company, Tesla, has informed the U.S. Securities and Exchange Commission (SEC) in a quarterly filing that it may restart the practice of transacting in cryptocurrencies for its products and services. Tesla suspended accepting bitcoin in May, citing environmental concerns. Tesla May Resume Accepting Bitcoin, SEC Filing Shows Tesla Inc. filed a
While the blockchain network Solana’s native token has skyrocketed in value this week jumping 31.4%, the Solana-based perpetual swap platform Drift Protocol announced it raised $3.8 million from strategic investors. At the same time, Drift announced the launch of its alpha mainnet after several months of “grind, hard work, debugging, building security guardrails.” Solana Perpetual
As California Gov. Gavin Newsom preps for his annual budget reveal in January, he anticipates another “historic surplus,” he said during an interview at the Milken Institute’s global conference last week. The state’s revenues were $9.1 billion more than expectations outlined in the fiscal 2022 budget signed in July, according to the state Department of
Municipals saw yields rise in spots along the curve, mostly inside of 10 years, as secondary trading picked up, and more bonds were out for the bid. U.S. Treasuries moved to lower yields and equities ended in the black. Triple-A benchmark yield curves saw one to two basis point cuts. After mostly ignoring the better
The Financial Times has created a searchable dashboard of 193 countries’ historical emissions and future climate targets, as well as information on the energy mix that indicates their progress on renewable energy, using data from Climate Watch and the International Energy Agency. Countries that signed up to the Paris agreement were asked to submit improved
Alphabet, Google’s parent company, and Microsoft both posted strong revenue growth in the third quarter, while Twitter swung to a loss, as the three tech companies released results late on Tuesday. Alphabet Alphabet smashed Wall Street’s profit expectations in the third quarter, thanks to stronger-than-expected ad sales, though the Google parent fell short of expectations
In today’s episode of let’s talk stocks, we are going to talk about the pennant stock chart pattern, which is a continuation pattern, which means it continues moving in the same direction that it originally came from. In this episode I’ll show you what this pattern looks like, some of its previous trends, the volume, projections,
In the Century of Biology, it pays to own the future of curing disease at the root.
Managing your money and the risk attached to investing it is one of the basics in trading. One that is often overlooked by traders. It’s not only about guessing the right direction, identifying the right support and resistance levels and timing but also about measuring confidence and taking into account targets and capabilities. David goes
In this article WFC A Wells Fargo logo is seen at the SIBOS banking and financial conference in Toronto Chris Helgren | Reuters Wells Fargo is developing a virtual assistant to help it convert more retail banking customers into digital users, CNBC has learned. The assistant, named Fargo, will be able to execute tasks including
In this article TSLA PYPL PINS Pedestrians pass in front of Pinterest signage displayed outside of the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images Check out the companies making headlines in midday trading. PayPal, Pinterest – Shares of PayPal climbed more than 3% as Pinterest shares tumbled more than 12% after
Thanks to the impact of the Covid-19 pandemic, American housing markets have had to deal with a truly unprecedented situation (or, at least since the 1918 Spanish flu). While most housing markets experienced an initial dip in activity, over the last year many housing markets have experienced robust recovery, especially in terms of their prices.
In 2015, Sahil Mehta helped sell his first property in the Berkeley, Calif., area at the age of 18, earning a commission of around $2,000. It solidified his interest in pursuing real estate sales and investments, which has only grown in the ensuing years. “It was such an incredible feeling, not because of the amount
Puerto Rico bankruptcy Judge Laura Taylor Swain threatened to dismiss the case and ordered the bankruptcy parties to mediation. “My patience is wearing thin,” Swain said, noting the case has taken 4 1/2 years so far. Puerto Rico could lose bankruptcy protection against bondholder suits, she said, as she might “be forced to consider” dismissing
Municipals faced pressure on the short end, with the one- and two-year yields rising two basis points, while U.S. Treasuries saw gains on bonds inside five-years and equities were in the black. For municipals, Monday’s session was more about readying for the primary and prepping for month-end positioning. Municipal-to-UST ratios showed the 5-year at 53%,
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An interview with Shaq and review of WTER.