A proposed deal for a massive mixed-used arena project in Alexandria, Virginia, would be mostly financed through $1.05 billion in project revenue bonds issued by the newly named Virginia Stadium Authority. Details and hardening local opposition are emerging regarding the development of a 12-acre site in Potomac Yard, a former rail hub that straddles Arlington
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A tough year for Wall Street municipal underwriting firms culminated Thursday with Citigroup’s announcement it would exit the business, a stunning move that market participants warned would raise state and city financing costs and that Citi would come to regret as headwinds calm and business rebounds. “It’s a major disappointment,” said Matt Fabian, a partner
S&P Global Ratings revised California’s rating outlook to stable from positive Friday, citing the state’s projected $68 billion multi-year deficit, revenue uncertainties and economic conditions. The state holds ratings of AA-minus from S&P, AA from Fitch Ratings and Aa2 from Moody’s Investors Service. The state also has a stable outlook from Fitch. Moody’s revised the
Connecticut is set to price $840 million of general obligation bonds next week, the state’s last issuance of a year with landmark fiscal policy decisions. The state, which renewed fiscal responsibility measures, lowered income taxes and maintained strong economic metrics, kept its solid ratings from all four agencies for the upcoming deal. “Management in Connecticut,
Noel Hendrickson/Getty Images After a year full of record-high interest rates and home prices, experts say there are signs of improvement for the housing market in 2024. In December, the average mortgage rates dropped below 7% for the first time since August and after an 8% peak in October, which pushed housing costs to the
Federal Reserve Bank of New York President John Williams said it’s too early for officials to begin thinking about cutting rates as soon as March as they consider whether policy is restrictive enough to get inflation back to 2%. “We aren’t really talking about rate cuts,” Williams said Friday in an interview on CNBC. He
Loading… Loading… The Wikimedia Foundation disclosed that in 2023, ChatGPT was the most viewed article on Wikipedia, attracting 79 million views across its various language editions. What Happened:In 2023, the English language version of Wikipedia amassed over 84 billion views. Of these, the ChatGPT article alone accounted for more than 49 million views. During the
Loading… Loading… Speaking at BenzingasFintech Deal Day event in New York in November, panelists discussed data-driven decision-making and risk management in FinTech. Andr Beganski, a journalist at Decrypt Media, moderated the discussion, which featured panelists Antonio Goncalves from Devexperts and dxFeed, Paul Fahey of Northern Trust Asset Servicing, and Traci Mabrey from Dow Jones. Fahey
Protect your phone passcodes — Suspects can refuse to provide phone passcodes to police, court rules Phone-unlocking case law is “total mess,” may be ripe for Supreme Court review. Jon Brodkin – Dec 14, 2023 11:30 pm UTC EnlargeGetty Images | releon8211 reader comments 85 Criminal suspects can refuse to provide phone passcodes to police
Loading… Loading… The momentum on Wall Street during Tuesdays session continues to lack strength as investors carefully scrutinize the most recent economic data. Moodys decision to lower Chinas credit rating outlook from stable to negative also weighed on risk propensity. While service activity showed a better-than-expected uptick in November, Octobers job openings fell substantially, marking
Pain Cher — Rocket Report: Signs of life from Blue Origin; SpaceX preps next Starship Baguette One isn’t a joke, but it sure sounds like one. Stephen Clark – Dec 15, 2023 12:00 pm UTC Enlarge / Relativity Space’s Aeon R engine fires up on a test stand in Mississippi.Relativity Space reader comments 26 Welcome
Loading… Loading… The financial services industry has seen some ground-breaking changes in the past year, with fintech innovations driving the sector forward and fast-paced developments in artificial intelligence. Participants in the fintech sector expect 2024 to be another transformative year as further investment by financial services companies reshapes the banking landscape. Marius Galdikas, CEO at
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. EU leaders gathering in Brussels have vowed to find a way to support Ukraine after Hungary’s Viktor Orbán vetoed a €50bn lifeline for the war-torn country. Estonia’s Prime Minister Kaja Kallas said that “Ukraine will
Loading… Loading… The Wikimedia Foundation disclosed that in 2023, ChatGPT was the most viewed article on Wikipedia, attracting 79 million views across its various language editions. What Happened:In 2023, the English language version of Wikipedia amassed over 84 billion views. Of these, the ChatGPT article alone accounted for more than 49 million views. During the
Loading… Loading… India-based e-commerce major Flipkart announced its second partnership with Polygon for launching a dedicated blockchain using Polygon Chain Development Kit (CDK). What Happened: Flipkart selected Polygon CDK for building a customized Ethereum-based zero-knowledge (ZK) Layer 2 network. The Indian company looks to leverage various features of Polygon CDK like development ease, a proven
Groovy — MDMAaka ecstasysubmitted to FDA as part of PTSD therapy If FDA approved, it would require the DEA to reclassify MDMA. Beth Mole – Dec 14, 2023 10:57 pm UTC Enlarge / Girl with an ecstasy tablet on her tongue.Getty | UniversalImagesGroup reader comments 79 A corporation dedicated to studying the benefits of psychedelic
Loading… Loading… Fintech marketing powerhouse Katie Perry spoke with Benzinga about her experiences at Public, as well as her plans to launch a new venture Ursa Major Media.BZ: What motivated you to join Public in the first place? Katie Perry: I spent over four years at Public, joining in the fall of 2019. My motivation
Passing the test — If AI is making the Turing test obsolete, what might be better? The Turing test focuses on the ability to chatcan we test the ability to think? Rupendra Brahambhatt – Dec 15, 2023 12:16 am UTC Enlargemevans reader comments 90 If a machine or an AI program matches or surpasses human
Loading… Loading… Tracing the evolution of cyber warfare reveals a transition from abstract notions to concrete challenges, reshaping the intersection of global security and technological advancements. The Rand Corporation published an earlyreport on cyber warfare in 1993, defining it as knowledge-related conflict at the military level. Before the February 2022 invasion, Russia used cyberattacks to
The Spanish town of Marbella, on the country’s south coast, is popular among overseas buyers. Artur Debat | Moment | Getty Images There are three European countries that are “perennial favorites” for people to buy a vacation home, according to Kate Everett-Allen, a partner at real estate firm Knight Frank. France, Italy and Spain all