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The Puerto Rico Electric Power Authority approved a contract Thursday with a consortium to run its electric generating facilities, despite observers raising some concerns about one member of the group. The consortium, Genera PR, would include New Fortress Energy, the El Nuevo Día and El Vocero web sites reported. New Fortress is a liquified natural
A suburban Chicago hotel and conference center working to get back on track from COVID-19-induced operating struggles made a partial payment on overdue interest owed to some holders of $142 million of restructured bonds. Breathing room still remains through this year for the Westin hotel and conference center complex in Lombard from a bondholder-provided loan
In this article GOOGL SIVB PD RL Follow your favorite stocksCREATE FREE ACCOUNT Tech stocks on display at the Nasdaq. Peter Kramer | CNBC Check out the companies making headlines in midday trading. Netflix — Shares of the streaming giant jumped more than 8% after Netflix added 7.66 million net subscribers in the fourth quarter,
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. Following FTX’s demise, the DeFi space is up for a complete remodel as crypto users demand better security and compliance practices. SushiSwap’s roadmap for the coming year includes the
Municipals were weaker in spots Friday, outperforming a U.S. Treasury selloff, while equities ended up. The three-year muni-UST ratio was at 55%, the five-year at 58%, the 10-year at 64% and the 30-year at 87%, according to Refinitiv MMD’s 3 p.m. ET read. ICE Data Services had the three at 55%, the five at 59%,
Federal Reserve Governor Christopher Waller said roughly $2 trillion of reserves could be taken out of the banking system without disrupting banks. Waller discussed monetary policy and his views on the economy during an hourlong event Friday afternoon hosted by the Council on Foreign Relations. During the event, he said the Fed could reduce its
Bondholders controlling more than two-thirds of the $180 million outstanding Puerto Rico Industrial Development Co. bonds filed suit against the Puerto Rico Oversight Board and the Fiscal Agency and Financial Advisory Authority seeking full payment. Affiliates of GoldenTree Asset Management LP complained that PRIDCO’s bonds have not paid since the passage of the Puerto Rico
The state of California is expected to see more than twice the demand for its private activity bonds than what is available under the $4.7 billion cap allowed by the IRS for 2023, according to the California Debt Limit Allocation Committee. On Wednesday, the committee, chaired by Treasurer Fiona Ma, approved the $4.7 billion PAB
Kansas City Fed President Esther George, who is retiring this month, said officials don’t want to raise interest rates by so much that policy becomes overly restrictive and the economy can avoid a sharp downturn. “This scenario — can there be a soft landing — is one we would all want to see. And there
Donald Trumpand his allies are reportedly laying out plans to attack Florida Republican GovernorRon DeSantisshould he emerge as a rival in the 2024 presidential election. What Happened:Over the past two months, Trump has talked to his allies about ways to take on DeSantis on personal and political issues,reportedRollingStone. Trump and his associates want to portray
Take a drive down Main Street of just about any major city in the country, andwith the housing market ground to a haltyou might pass more churches for sale than homes. This phenomenon isnt likely to change anytime soon; according to the author of a 2021 report on the future of religion in America, 30
SAN FRANCISCO – Googles parent Alphabet said on Friday that it is cutting about 12,000 jobs, or 6 per cent of its workforce. In a memo to staff, Alphabet chief executive officer Sundar Pichai said the company had rapidly expanded headcount in recent years for a different economic reality than the one we face today.
While crypto leaders, such as Bitcoin BTC/USD and Ethereum ETH/USD , have remained fairly stable over the last month, Solana SOL/USD has continued to lose value crossing the $10 mark for the first time in nearly two years. According to CoinGecko, Solana reached a low of around $9.73 by the time of writing. SOL hasnt
Current is an Andreessen Horowitz-backed disruptor looking to fix the way people bank. On one hand, theres currency debasement and its inflationary impacts," the firm's CTO, Trevor Marshall, says. "On the other hand, you have technology which is a deflationary force putting people out of work. In light of this, asset owners are better off
Uniswap, the decentralized exchange, has partnered up with fintech company Moonpay to let users in the U.S., Brazil, the UK and SEPA (Single Euro Payments Area) areas buy cryptocurrencies on its web app with debit cards, credit cards or bank transfers. What Happened: Uniswap said on Tuesday that users may be able to convert fiat
Bitcoin mining firm CleanSpark has announced the start of construction on a site in Washington, Georgia, set to house 16,000 miners, which could bring the company’s hash rate total to as high as 8.7 EH/s. The site, which CleanSpark announced the acquisition of in 2022, would contribute to an additional 2.2 EH/s of hash rate
close video Amazon, Google facing short-term challenges: Mark Mahaney Evercore ISI senior managing director Mark Mahaney explains why he is lowering his price targets on two Big Tech stalwarts on ‘Varney & Co.’ Google parent company Alphabet Inc. said it will eliminate 12,000 jobs, making it the latest tech company to lay off employees amid
Live to launch — Rocket Report: SpaceX reaches ludicrous cadence; ABL explains RS1 failure “This evidence suggests that an unwanted fire spread to our avionics system.” Eric Berger – Jan 20, 2023 12:00 pm UTC Enlarge / A Falcon 9 rocket launches on Wednesday morning carrying a GPS III satellite into orbit.Trevor Mahlmann reader comments
It may now be less necessary for Americans to rely on a bank to succeed financially. As e-commerce grows and digital products become more available, embedded finance has become an option for consumers and companies. Embedded finance comprises non-financial companies offering financial products and services. These products and services can include debit cards, payment programs,