Bitcoin (BTC) hiked 20% in seven days in an unexpected move that brought the price to its highest level since May 18. The price appreciation happened despite U.S. Treasury Secretary Janet Yellen reportedly supporting a broader definition of crypto companies in the HR 3684 infrastructure bill currently being considered in the U.S. Senate. Even though
The Puerto Rico Oversight Board filed a brief summarizing the arguments it will make in November’s Plan of Adjustment hearing, arguing it has treated the creditors fairly, the plan is in their best interests, and its plan preempts dozens of local laws. The board was required by bankruptcy Judge Laura Taylor Swain to file an
The $5 billion American Dream super mall in New Jersey’s Meadowlands had to tap into a reserve fund to make a bond payment as it copes with a cash flow crisis exacerbated by the coronavirus. The 3.3 million-square-foot behemoth, which features an indoor ski slope, amusement park and water park, used the reserves to make
Municipal benchmark yields rose by as much as five basis points Friday, following a stronger-than-expected jobs report, but the asset class outperformed the moves in Treasury bonds. An increase in supply next week may test current low levels. Continued strength in the economy was seen as nonfarm payrolls rose 943,000 and the jobless rate fell
With the sale of state and local government securities already suspended, Congress appears headed to yet another showdown over the debt limit. Senate Budget Committee Chairman Bernie Sanders, I-Vt. and Senate Majority Leader Chuck Schumer, D-N.Y., on Monday released a fiscal 2022 budget resolution that does not include an increase to the United States’ borrowing
The nation’s largest underwriters of municipal bonds will soon begin operating under a Texas law that bans them from state contracts if their policies are said to discriminate against the firearms industry. Senate Bill 19, one of several pro-gun pieces of legislation signed into law by Gov. Greg Abbott, takes effect Sept. 1. The law
Municipal market participants question the wisdom of executing Puerto Rico’s bankruptcy without local legislative approval for new bonds and instead relying on court-approved debt, as the Oversight Board is exploring. New bonds are key to Puerto Rico’s exit from bankruptcy, as are cuts to Puerto Rico’s three main pension systems: the Employees Retirement System, Judicial
The US, UK and Canada have tightened sanctions against the regime of Alexander Lukashenko in Belarus, exactly one year after he won re-election in a presidential ballot that he has been accused of rigging. Also on Monday, Latvia said it was poised to declare a state of emergency on its frontier with Belarus and build
The US Senate is set to pass a $1tn package to invest in America’s crumbling infrastructure with significant Republican support, a bipartisan vote that will be seen as a major legislative achievement of Joe Biden’s young presidency. Senators voted 68-29 late on Sunday to end the debate on the infrastructure bill, setting up a final
The world is likely to temporarily reach 1.5C of warming within 20 years even in a best-case scenario of deep cuts in greenhouse gas emissions, a landmark report on climate change signed off by 234 scientists from more than 60 countries has concluded. Even with rapid emissions cuts, temperatures would continue to rise until “at
The spread of the Delta strain of the virus that causes Covid-19 through the US has prompted a flurry of state-level proclamations over the weekend relating to mask mandates and vaccinations. The US is averaging about 100,000 new Covid-19 infections a day, according to Johns Hopkins University data, compared with 11,000 cases a day in
For decades, Kuwait was a critical hub in North Korea’s network of foreign outposts. Every year, thousands of labourers would take an Air Koryo flight from Pyongyang via Islamabad before being dispatched to construction sites across the oil-rich Gulf state or elsewhere in the Middle East and Africa. At its peak, the sweat of about
The Pentagon plans to make Covid-19 vaccines mandatory for US troops by mid-September, as the country grapples with a rise in cases caused by the spread of the contagious Delta variant. “To defend this nation, we need a healthy and ready force,” wrote Lloyd Austin, defence secretary, in a memo to US forces released on
After a great number of well known product brands like Burger King, Axe, Snickers, Milky Way, and Slim Jim have been riding the dogecoin hype, the American meat and cold cut manufacturer Oscar Mayer has also jumped on the dogecoin bandwagon. Similar to Axe, Oscar Mayer has also created a dogecoin-centric product and is auctioning
SpaceX stacks Starship prototype 20 on top of Super Heavy rocket Booster 4 on August 6, 2011. @elonmusk on Twitter Elon Musk’s SpaceX stacked a Starship prototype rocket on top of a Super Heavy rocket booster for the first time on Friday morning, giving a look at the scale of the combined nearly 400-foot-tall vehicle.
In this article NVAX DKNG HOOD DBX SPCE YELP Billionaire entrepreneur Richard Branson prepares to spray champagne after flying with a crew in Virgin Galactic’s passenger rocket plane VSS Unity to the edge of space at Spaceport America near Truth or Consequences, New Mexico, U.S., July 11, 2021. Joe Skipper | Reuters Check out the
Cofounder of InstaLend, a non-bank real estate lender providing loans on single-family and multi-family properties for acquisition and rehab. When you’re applying to a real estate lender for your first fix and flip loan, there’s a lot to keep track of. While you might have gone through a lending process when you purchased the home you
More than 11 million Americans continue to report being behind on their rent. How much renters owe varies greatly from one state and county to the next, according to data provided to CNBC by Surgo Ventures, a nonprofit organization focusing on health and data. Across the country, the average renter in arrears owes $3,700. The
Cain Brothers, a division of KeyBanc Capital Markets Inc., has hired Kyle Hemminger as it looks expand its healthcare practice. Hemminger joined the healthcare public finance group in the Columbus, Ohio, office this month as a director to cover healthcare and senior living organizations nationally. He joins a healthcare team that now totals 23 professionals
Videos of floodwater in upper Manhattan went viral last month as storms flooded New York’s streets with four inches of rain. While subway commuters waded through waist-high water at 157th Street, water cascaded down the Dyckman Street subway station, home to the Metropolitan Transportation Authority’s A line. “These videos are a reminder of more dramatic