A “substantial number” of Puerto Rico Electric Power Authority bondholders agreed in principle to a settlement, the Puerto Rico Oversight Board announced Thursday afternoon. As a result, the board sought and received an extension to Aug. 18 for the deadline to submit a proposed plan of adjustment. Board Spokesman Matthias Rieker said the board wouldn’t
admin
boulevard of broken streams — The TV streaming apps broke their promises, and now theyre jacking up prices Op-ed: Apps promised to free us from ad-supported subscription bundles. Oops! Andrew Cunningham – Aug 11, 2023 1:00 pm UTC EnlargeAurich Lawson | Getty Images reader comments 150 with This week, Disney+ and the Disney-controlled Hulu became
Don’t give a dam — Cheap wind and solar could revolutionize the African grid Dams could help Africa go green, but many no longer make economic sense. John Timmer – Aug 11, 2023 2:19 pm UTC Enlarge / The Kariba Dam in Zimbabwe.Robert Holmes reader comments 11 with One of the big challenges we face
Despite the ongoing digitization of payments, this industry is still struggling to meet the growing demands of the public. Because of this, many financial market players are looking towards blockchain as a potential way to speed up the process. Blockchain is a groundbreaking technology that offers a multitude of use cases and benefits for businesses
it’s about that time again — After slow start, NOAA predicts rest of hurricane season to be above normal El Nio is developing slower than anticipated and the ocean is extremely warm. Amy Green, Inside Climate News – Aug 11, 2023 2:36 pm UTC Enlarge / In Florida, parts of the Sanibel Causeway to Sanibel
Global Cannabis Holdings (GCH), a tokenized cannabis ecosystem with equity positions in various cannabis companies and projects, unveiled its upcoming Security Token Offering (STO) meant to unlock cannabis investment opportunities for a broader group of investors.STOKR Hosts GCH's STO Global Cannabis Holdings (GCH) announces its highly-anticipated Security Token Offering (STO) scheduled for July 25th, 2023,
Dancing Branson — Virgin Galactic just flew again, but is the company going anywhere? “The new Delta class will be designed for much cheaper operations.” Eric Berger – Aug 11, 2023 11:30 am UTC Enlarge / Virgin Galactic’s VSS Unity is seen at Spaceport America in front of the company’s iconic headquarters. reader comments 36
Grails by PROOF Season IV Collecting art is historically not just about the art itself but who the artist is and the story behind the piece. The emergence of NFTs as a way to attribute provenance to digital objects has seen an explosion of interest in the past few years, even if that’s currently seeing
Country Garden Holdings Co.’s Fengming Haishang residential development in Shanghai, China, on Tuesday, July 12, 2022. Qilai Shen | Bloomberg | Getty Images Shares of beleaguered Chinese real estate company Country Garden Holdings slumped to an all-time low on Friday as the company issued a profit warning a day earlier. The stock fell to an
Beijing is making one of its biggest top-down efforts in years to tackle the debts racked up by local governments in a sign of authorities’ mounting concern over the risk to financial stability as the economy falters. China’s state council, the country’s cabinet, is sending teams of officials to more than 10 of the country’s
Kevin Matras shows how you can profit from this easy to implement strategy, even in sideways markets.
Municipals were slightly firmer Thursday, outperforming U.S. Treasuries, as the last large new-issues of the week priced and mutual fund inflows returned. U.S. Treasuries saw losses across the curve following the July inflation read while equities closed out the session in the black. While the consumer price index came in mostly as expected, analysts remain
Private phone booth at One Wall Street Courtesy: One Wall Street The latest must-have amenity in luxury New York City apartment buildings: a designated coworking space for remote workers. Apartment developers are building out private offices, conference rooms and even podcasting booths to capitalize on a lingering work-from-home trend. Even as workplaces reopen, 59% of
Forest Heights Boulevard is a tony residential street in Toronto’s St. Andrew-Windfields area. “It’s a sought-after neighborhood with large estates and mature trees,” says Patricia Sun of Barry Cohen Homes. Affluent and tranquil, this part of North York is close to schools, parks, playgrounds, sports fields and the expressway. The 2018-built residence combines traditional and
A Chapter 11 bankruptcy involving a bond-financed Arizona participant sports venue will continue to move forward in an effort to sell the property after a federal court judge denied a motion to appoint an independent trustee for the debtor or dismiss the case. Judge Daniel Collins’ Wednesday order acknowledged disputed allegations of mismanagement and infractions
Apple wants to put an AI in your pocket Apple has been playing its cards close to its chest when it comes to AI. While rival Microsoft has jumped on the ChatGPT bandwagon and is integrating AI into everything despite the bugs and hallucinations, the acronym didn’t even get a mention at Apple’s Worldwide Developers
China's regulatory authorities have allowed for the integration of Visa and Mastercard with two predominant mobile payment platforms, Alipay and WeChat Pay, to ease financial transactions for foreign visitors. These integrations come amidst a surge in Visa's stock prices, which has seen an over 14% increase this year and could potentially surpass its previous record.
In the early hours on Monday, Sam Altman, CEO of OpenAI and the driving force behind AI models like ChatGPT, launched his latest venture Worldcoin (WLD). With OpenAI going from a non-profit private organization, to a for-profit private organization in 2019, some questions bear asking: What is Worldcoin? Is it safe? What is it for?
Robinhood Markets Inc HOOD is on deck to issue its second-quarter earnings on Wednesday after the closing bell. With the potential to act as an indicator of retail trading activity, investors are keenly watching the results. Lets take a closer look at what to expect. Robinhood By The Numbers: The Menlo Park, California-based company is
The digital payment systems landscape is evolving with the introduction of Beam, a new crypto wallet launched by the Eco Protocol, promising the most cash-like digital payment experience ever created. This crypto wallet harnesses the capabilities of Optimism and Coinbase's Base network, enabling everyone to execute decentralized, onchain payments. Users need not fret over the