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Municipals were steady to weaker in spots Friday ahead of a large new-issue calendar, while U.S. Treasuries were mixed and equities sold off upward of 2.5%. Investors will be greeted Monday with a big uptick in supply, with the new-issue calendar reaching $9.251 billion with $6.572 billion of negotiated deals and $2.679 billion of competitive
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The U.S. Supreme Court reversed the decision of two lower courts that had declared Puerto Ricans eligible for federal Supplemental Security Income benefits. The Supreme Court released its 8-1 decision in the United States v. Vaello Madero case on Thursday. Justice Sonia Sotomayor wrote the a dissent. The SSI program provides financial assistance to disabled
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Stablecoin minting and nonfungible tokens (NFTs) have been the latest trending topics in the cryptocurrency market and protocols like Terra (LUNA) have led the discussion on why stablecoins should be backed by assets like Bitcoin and Avalanche (AVAX).  One project that appears to be following Terra’s lead is Origin Protocol (OGN), a platform focused on
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The Puerto Rico House of Representatives voted to end the commonwealth’s contract with LUMA Energy — under which it handles the electrical transmission and distribution grid — in the aftermath of a several-day long blackout. The House voted 29-16 with one abstention for the measure Tuesday. Members of the pro-statehood New Progressive Party provided the
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