Puerto Rico’s local government revoked a law the Oversight Board has been considering using to issue restructured bonds without the local government’s support. Puerto Rico Gov. Pedro Pierluisi signed Project 959 on Thursday, revoking the 1942 law, which had been used over the years to justify bond refundings. The board has argued it could legally
The European Central Bank expects to hit its elusive 2 per cent inflation target by 2025, according to unpublished internal models that suggest it is on course to raise interest rates in just over two years. This would be at least a year earlier than most economists expect the ECB to raise its deposit rate
A committee of the U.S. House of Representatives has proposed to subject cryptocurrencies to the “wash sale” rule. Since cryptocurrencies are treated as property by the Internal Revenue Service (IRS), they are currently not subject to the wash sale rule. This proposal attempts to close down a big crypto tax loophole. Crypto Included in New
A battle between the haves and the have-mores may split up a well-off California school district. The 70-year-old district that serves Santa Monica and Malibu is contemplating breaking up along city borders. Or more precisely, the even-richer city of Malibu wants to split its schools from those in its more urban neighbor. If they continue
The Inspiration4 crew in their SpaceX spacesuits, from left: Chris Sembroski, Dr. Sian Proctor, Jared Isaacman, and Hayley Arceneaux John Kraus / Inspiration4 KENNEDY SPACE CENTER, Florida — SpaceX is set to make history as Elon Musk’s space company prepares to launch four civilians to orbit. They will become the first full crew of non-professional astronauts to fly to
Traders on the floor of the New York Stock Exchange. Source: NYSE The land mines for the markets are becoming more numerous. Seasonal weakness is combining with continuing uncertainty over the impact of the delta variant on consumer behavior, high labor and material costs affecting pricing and delivery of goods, and poor data out of
In this article LVS WYNN BYND FSR DASH CSCO Check out the companies making headlines before the bell: Beyond Meat (BYND) — Shares of the alternative-meat maker dipped 2.4% in premarket trading after Piper Sandler downgraded the company to an underweight rating. “Beyond is an early leader in plant-based meat, but we believe its current
Having left their hearts in San Francisco during the depths of Covid, people are returning to the City by the Bay. Lots of them have been drawn by the rebounding sense of normalcy afforded by the city’s comparatively high rates of inoculation. Many have also been lured by a renewed focus on what might be
Christy Gentry and her husband have been dealing with California’s wildfires for the past four years. In 2017, the couple evacuated their Santa Rosa home for three weeks. In 2019, they were forced to cut a trip to Hawaii short and get their animals and stuff out of their house as a fire approached. “It
Chicago Mayor Lori Lightfoot tapped San Antonio, Texas, school superintendent Pedro Martinez — a former Chicago Public Schools fiscal chief — to lead the district as fiscal and governance change looms. Lightfoot introduced Martinez as the new chief executive officer at a news conference Wednesday. Martinez is the first Latino to hold the CEO position
Washington has launched a new trilateral security partnership with London and Canberra which will support Australia’s plan to build a fleet of nuclear-powered submarines, a move that will strengthen the allies’ ability to counter China. The move is US president Joe Biden’s latest effort to bolster alliances amid increasing tensions with China over disputes ranging
Which airlines stocks are winners after Boeing’s big sale?
Bitcoin’s (BTC) rise back above the $48,000 mark was back by similar moves from altcoins and analysts expect the market-wide rally to continue if the top-ranked digital asset can take aim at the $50,000 resistance level. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were Frontier
Bitcoin (BTC) is leading the recovery in the crypto sector and today the cryptocurrency briefly rallied to $48,429 before pulling back to test the underlying support levels. While speaking during a live stream at the SALT conference, Ark Invest CEO Cathie Wood, said that Bitcoin is the default currency of the crypto space and could
A new North Carolina law allows a state commission to disband severely stressed cities or towns that have become a financial threat to local taxpayers. The “tool kit” legislation expands and strengthens the actions that can be taken by the state Local Government Commission. The law sets up a legal process for the voluntary or
Acorns president David Hijirida Courtesy: Mo Osborne | Acorns Investing and savings app Acorns has hired a former Amazon executive and fintech CEO to lead day-to-day operations ahead of the start-up’s debut as a public company, CNBC has learned. The company is set to announce Wednesday that it named David Hijirida as president, according to
In this article REGN MSFT LVS WYNN WEBR CNR-CA Check out the companies making headlines before the bell: Weber (WEBR) – The grill maker’s stock jumped 3.8% in the premarket, following its first quarterly report since going public in August. Weber’s sales rose 19% from a year earlier, and the company projected full-year sales largely
Surging Ethereum rival, Solana (SOL), has shed 15% of its value over the past 24 hours after suffering a denial-of-service disruption. On Sept. 14 at 12:38 pm UTC, Twitter account Solana Status announced that Solana’s mainnet beta had been suffering intermittent instability over a 45-minute period. Six hours after announcing the incident, Solana Status explained
As part of a broadly diversified investment portfolio, passive real estate makes sense for many near retirees. Some are folks who own income-generating rental properties, for instance. They enjoy the cash flow, but are past the life stage where they’re okay with phone calls at 3 a.m. from tenants with HVAC issues. Others don’t own
Potential homebuyers exit an open house in Redondo Beach, California. Patrick T. Fallon | Bloomberg | Getty Images Fall is usually the start of the slower season for the housing market, but nothing is usual in today’s pandemic-driven housing market. Potential homebuyers are seeing a slight rise in inventory and consequently rushing back into the