Credit unions and teachers’ associations separately filed notices of appeal of the court-approved Puerto Rico Plan of Adjustment Friday afternoon. The teachers’ associations will ask the appeals court to stay implementation of the plan, said Bufete Emmanuelli Partner Jessica Méndez Colberg. In the last week the Oversight Board said it was hoping the plan could
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The 2022 Kitchen & Bath Industry Show will return to Orlando on February 8, after going virtual last year. Given the links between home and health spotlighted by the pandemic – especially for these two crucial living spaces – wellness design will be a hot topic in its 450 exhibitor booths, educational programs and the
Next to Netflix, home renovation may have been the biggest stay-at-home play of the pandemic. From new home offices to expanded decks to basement gyms, homeowners have been upgrading and expanding their spaces at record rates for the past two years. That trend appears to be slowing down. After big projected jumps in the first
The stock market needs to get worse before it can get better, CNBC’s Jim Cramer said Friday. “I’m looking for a day where people to say ‘I give up,'” Cramer said on “Squawk Box,” heading into another wild trading day, with both the Nasdaq and the S&P 500 now in correction territory. “We have to
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, December 8, 2021. Brendan McDermid | Reuters The stock market’s wild gyrations this past week have been an emotional roller coaster for investors, and the ride has not come to a full stop. It feels bad right now, and
The two biggest U.S. banks raised their forecasts of how quickly the Federal Reserve will raise interest rates this year, with Bank of America Corp. predicting a move at every meeting to tackle the highest inflation in four decades. “We now look for seven 25 basis point hikes this year and a peak funds rate
Let’s be blunt: Being in a bear market sucks profoundly as a crypto trader. Most strategies that work when everything is green lead to losses. Growing the value of a portfolio takes twice as much work for half as much progress. The uncertainty over how long the market will remain down is exhausting. During these
Bitcoin (BTC) created resistance at $37,500 on Friday amid an increasing consensus that a new dive was underway. Funding signals dip expectations Data from Cointelegraph Markets Pro and TradingView revealed $37,500 as the ceiling which capped price action overnight into Friday. BTC/USD had recovered from a trip to local lows of $35,500 after comments from the
The Puerto Rico Oversight Board passed a fiscal plan Thursday with 18% more spending through fiscal 2026 compared to the fiscal plan it approved in April. The fiscal plan projects $107.5 billion in Puerto Rico government spending and federal spending for Puerto Rico, from the current fiscal year to fiscal 2026. The April fiscal plan
New data shows national rents grew five times faster in 2021 than in 2020, on average, according to Realtor.com’s December rental report. In December, rents notched the sixth straight month of double-digit yearly increases nationwide and surged in the majority of large metros, led by Miami, Tampa and Orlando with gains of more than 34%
Buyers head into an open house in Waldorf, Maryland. Lisa Rizzolo | CNBC The nation’s housing market has never been this tight, which is frustrating enough for house hunters, but now they have another problem. Mortgage rates, which have hovered around record lows since the start of the pandemic, are now rising. It’s what one
Ether (ETH) price tumbled below the $3,000 support on Jan. 21 as regulatory uncertainty continues to weigh down the sector and rumors that the United States Securities and Exchange Commission is reviewing DeFi’s high-yield crypto lending products continue to circulate. On Jan. 27, the Russian Finance Ministry submitted a crypto regulatory framework for review. The
A Falcon 9 rocket launches the GPS III SV05 satellite on a mission for the U.S. Space Force on June 17, 2021. SpaceX Elon Musk’s SpaceX broke its own annual orbital launch record last year, and it’s looking to pick up the blistering pace further in 2022 to an average rate of one per week.
People wait in line for t-shirts at a pop-up kiosk for the online brokerage Robinhood along Wall Street after the company went public with an IPO earlier in the day on July 29, 2021 in New York City. Spencer Platt | Getty Images News | Getty Images Check out the companies making headlines after the
Moody’s Investors Service said Wednesday it raised the New Jersey Turnpike Authority’s senior lien revenue bonds to A1 from A2. The outlook on the bonds is stable. At the same time, Moody’s assigned an A1 to the authority’s forward delivery refunding bonds, consisting of $100 million of Series 2022A turnpike revenue bonds and $849 million
A bitcoin seller has been sentenced to one year and one day in jail for defrauding customers, according to a notice by the U.S. Department of Justice (DOJ). The man took money from customers but did not provide them with the agreed-upon bitcoin. Fraudulent Bitcoin Seller Going to Jail The U.S. Department of Justice (DOJ)
Municipals continued their ascent to higher yields Wednesday, even before the Federal Open Market Committee said it would “soon” raise interest rates. U.S. Treasury yields spiked following the FOMC statement and Chairman Jerome Powell’s comments. “Powell’s seeming unwillingness to dismiss some of the more-hawkish scenarios for the path of policy this year, leaving all options
One doesn’t often hear of a six-bedroom estate that sits under seven roofs. Villa Sul Mare off Nassau, the Bahamas, makes the most of its acre location along the waterfront by spreading out the living spaces within a lush green setting. Located on the aptly named Paradise Island, the property plays to its tropical locale
The Federal Reserve laid the groundwork for interest rate hikes Wednesday. At the conclusion of its two-day meeting, the central bank said it will aggressively unwind last year’s bond buying after a variety of inflation reports reached their highest levels in decades. Although interest rates will stay near zero for now, Fed officials set the stage
Polygon (MATIC) emerged as one of the best performers among high-ranking cryptocurrencies on Jan. 26 as the price rose nearly 17% to reach an intraday high at $1.825. The gains surfaced amid a synchronous rebound across the crypto market that started on Jan. 24. In detail, investors and traders poured in over $250 billion across digital