Puerto Rico Gov. Pedro Pierluisi persisted Wednesday in calling to amend the LUMA Energy contract with the Puerto Rico Electric Power Authority despite LUMA’s rejection of the idea. In June 2020, Puerto Rico announced a contract with LUMA to take over PREPA’s transmission and distribution system. LUMA was to use the period up to July
The 16th Electron launch in November 2020, when the company recovered the rocket after splashdown for the first time. Rocket Lab The next mission for small launch leader Rocket Lab will feature its second attempt to recover an Electron rocket booster after liftoff by splashing it down in the ocean. The company is working toward
In this article AMZN FUBO LEVI The fuboTV logo is hung from the New York Stock Exchange on the day of its IPO in the Manhattan borough of New York City, New York, U.S., October 8, 2020. Carlo Allegri | Reuters Check out the companies making headlines after the bell on Thursday: Levi Strauss –
After an unfortunate delay due to Covid, the collegiate Solar Decathlon (SD) event is about to happen next week – for the first time it will be virtual. For those not aware of this event – the Solar Decathlon is run by the United States Depart of Energy and is an incredibly inspiring event. It
Pedestrians wearing protective masks walk past signage for SoftBank Corp. near a store in Tokyo, Japan, on May 15, 2020. Kiyoshi Ota | Bloomberg | Getty Images SoftBank has invested $500 million in digital mortgage lender Better.com amid what has been a hot U.S. residential real estate and mortgage refinancing market fueled by record low interest
Centralized cryptocurrency exchanges (CEX) have received increased attention over the past couple of months as excitement builds over Coinbase’s April 14 NASDAQ listing and the exchange’s recent announcement that it pulled in $1.8 billion in revenue during the first quarter of 2021. Even as decentralized finance (DeFi) and popular decentralized exchanges (DEX) like Uniswap (UNI) and
Controversy surrounds Signal’s recently announced MobileCoin integration, with users expressing concerns over ties between Signal’s founder and the cryptocurrency, opacity surrounding the coin’s issuance, and suspicious gains leading up to the partnership’s announcement. Signal is an encrypted messaging application that has been embraced by the privacy and security-conscious community since launching as Open Whisper Systems
Municipal bonds improved by two to five basis points, with the biggest moves out longer as an active and diverse primary re-priced to lower yields and stronger U.S. Treasuries helped the tone. Refinitiv Lipper reported $2-plus billion of infows into municipal bond mutual funds, with high-yield alone adding $821 million, furthering the market’s strength. “That
For decades the international corporate tax system has irritated almost everyone — apart from shareholders of the world’s largest multinationals and countries with low tax rates. As companies’ share of profits in the global economy has risen and wages have fallen, large countries have found it ever harder to tax those profits. That could finally
Many beginners try to find the bottom of the stock or when to get in and when to get out of a stock. You are always trying to find the lowest point however it is very difficult to find or catch the lowest point of a stock. How does a stock move lower? If a
What stocks should you buy that blew up in the Archegos meltdown last week?
State Street, the second-oldest operating bank in the United States, is moving into the cryptocurrency industry by agreeing to provide its technology for a new crypto trading platform. Currenex, a forex technology provider owned by State Street, has entered into an agreement with crypto firm Puremarkets to provide its trading infrastructure and tech for the
Ohio formally put an end to the $1 billion ratepayer bailout for two nuclear power plants owned by then-bankrupt FirstEnergy Solutions Corp. at the center of a $60 million pay-to-play scheme that led to the arrest of Ohio House Speaker Larry Householder on federal corruption charges. Tainted House Bill 6, enacted in July 2019, bolstered
An illustration of the SpaceMobile satellite constellation. AST SpaceMobile Shares of satellite-to-smartphone broadband company AST SpaceMobile began trading on the Nasdaq on Wednesday, with the company the first among a flurry of recent space companies to close its SPAC deal. AST SpaceMobile trades under the ticker ASTS, with shares previously listed under the SPAC New
Traders on the floor of the New York Stock Exchange. Source: NYSE Is this as good as it gets? It seems like everything is working, and with good reason: the broad rally is supported by an accelerated vaccine rollout and recent economic reports which have been robust across the board. Nonfarm payrolls. ISM Manufacturing. ISM
Dell CEO Michael Dell delivers a keynote address during the 2013 Oracle Open World conference on September 25, 2013 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines in midday trading. Carnival, Norwegian Cruise Line, Royal Caribbean — Shares of the major U.S. cruise lines jumped on Wednesday amid
Paul McClean of McClean Design has designed some of Southern California’s most spectacular ultramodern mansions, but a new concept for a sprawling oceanfront compound on Hawaii’s Big Island may be the architect’s most ambitious project yet. The sprawling nine-bedroom mansion concept, for which architectural plans have been approved, is part of the latest estate offerings
Billionaire Rick Caruso’s eponymous real estate company is jumping into the world of cryptocurrency, announcing Wednesday it will begin accepting bitcoin as rent payment at its residential and retail properties. The privately held firm said it also has invested a portion of its corporate treasury in bitcoin and entered into a partnership with Gemini, the
Investors welcomed a flurry of new deals from diverse credits, including four competitive deals that pushed triple-A benchmarks richer as the minutes from the recent Federal Open Market Committee meeting were released with more of the same story: rates will stay low with “transitory” inflation increases. The Investment Company Institute reported another week of inflows,
The Biden administration has proposed a new model for taxing multinational corporations, calling for the world’s biggest businesses to pay levies to national governments based on their sales in each country as part of a deal on a global minimum tax. In documents sent to the 135 countries negotiating international taxation at the OECD in