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Teachers’ and judges’ unions and organizations argued Wednesday with the Puerto Rico Oversight Board about how the bankruptcy court must interpret a local law on pensions, with the outcome likely to determine the viability of the proposed Plan of Adjustment. The teachers and judges, through their attorneys, said Act 53 bars the board, if it
Ever since Satoshi Natamoto, the anonymous inventor of Bitcoin, disappeared in 2011 there has been no shortage of theories about his identity. Hal Finney, Dorian Satoshi Nakamoto, Nick Szabo and Craig Wright have all be cited as possible contenders (even if CSW is the main person pushing that last theory.) Now, after months of research
There is potential for the use cases of nonfungible token (NFT) technology to expand far beyond the simple tracking of unique images with varying degrees of rareness and analysts project that one NFTs will touch every facet of our lives. Already, developers, artists and corporations are considering the tokenization of all assets and some have
Since the Supreme Court ended the Centers for Disease Control and Prevention’s Covid-19 eviction ban on August 26, more Americans in bigger cities have found themselves out of house and home. This is according to numbers found on website Eviction Lab, which tracks eviction filings where they are available on a weekly basis. Considering eight
Real estate agents leave a home for sale during a broker open house in San Francisco, California. Justin Sullivan | Getty Images Rising mortgage interest rates continue to take their toll on demand, especially in the refinance market. Total mortgage application volume fell 2.8% last week compared with the previous week, according to the Mortgage
The fortitude of Bitcoin (BTC) holders continues to be tested on Nov. 17 as a number of attempts to push the price to $59,000 and below grow. This level has been well defended by bulls but analysts are still watching for the $63,000 level to be reclaimed as support before saying the “dip” has ended.
(Click here to subscribe to the new Delivering Alpha newsletter.) Private equity is one of the few asset classes that’s been able to outperform even public equities during the bull market. And the sector is reaping the benefits of that outperformance with 529 firms in the space raising an aggregate equity volume of $1.4 trillion over a
Traders work on the floor of the New York Stock Exchange (NYSE) on October 25, 2021 in New York City. Spencer Platt | Getty Images Retailers are reporting this week. Here’s the good news: The consumer is strong, and retail balance sheets have dramatically improved. “I have been bullish for over a year,” David Berman, portfolio
In this article TGT V TJX LCID RIVN TSLA A shopping cart is seen in a Target store in the Brooklyn borough of New York, U.S., November 14, 2017. Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Target — The retail giant saw shares fall nearly 5% despite posting beats
Mississippi’s $1.2 billion general obligation bond commands the stage this week, but a much smaller deal that came to market last month from Vicksburg highlights an innovative way the Magnolia State’s cities and counties are meeting their infrastructure needs. On Thursday, the state is pricing $1.2 billion of GOs, its biggest sale since 2015, when
Three of Barclays’ top-20 shareholders have raised concerns over the terms of Jes Staley’s exit ahead of meetings between the bank and investors next week. Some investors have privately criticised the £2.4m in pay awarded to the departing chief executive, who resigned this month following a probe into his past ties to convicted sex offender
Municipals faced some pressure Tuesday on another day of a weaker U.S. Treasury market while equities made gains. A large new-issue calendar began pricing, with a few deals bumped off the day-to-day calendar. Triple-A benchmarks saw cuts of one to two basis points. Ratios held in a range Tuesday. Municipal-to-Treasury ratios were at 49% in
Ripple has published a proposal for a regulatory framework for cryptocurrencies called “A Real Approach to Cryptocurrency Regulation.” CEO Brad Garlinghouse explained that his company’s “proposed policy framework is a three-pronged approach of what can be done now,” noting that it is the result of Ripple’s “direct interactions with regulators and bipartisan policymakers.” Ripple’s ‘Real
Topline While investors have shied away from China given the country’s recent regulatory crackdown—and especially the troubles in its real estate sector—global asset manager T. Rowe Price says that the near-term volatility creates an “attractive” investment opportunity going into next year. Key Facts Globally, investors have been finding it much easier to invest in companies
Carpenters work on building new townhomes that are still under construction while building material supplies are in high demand in Tampa, Florida, May 5, 2021. Octavio Jones | Reuters Higher prices and longer wait times do not appear to be turning buyers away from the nation’s homebuilders. With demand still surging, homebuilder confidence in the
In this article WMT CNBC’s Jim Cramer said Tuesday that Walmart shares should not be lower — characterizing the move as a Wall Street problem and not an indication of anything wrong with the retail giant’s quarterly results. Shares of Walmart opened down more than 1% and slid further on the notion that the company
In this article SOFI HOOD HD RIVN A shopper leaves a Home Depot with merchandise that she purchased on August 17, 2021 in Alexandria, Virginia. Alex Wong | Getty Images Check out the companies making headlines in midday trading. Home Depot — Shares of Home Depot jumped more than 5% after the home improvement retailer
Updated economic and fiscal data from The Pew Charitable Trusts on how state economies are faring amidst the pandemic shows that federal aid to people and businesses has kept states in better than expected fiscal health. Pew’s data, which was collected from each state’s annual financial reports for a 10-year period, also show that long-term
Germany’s energy regulator said it had “temporarily suspended” certification of the Nord Stream 2 pipeline, dealing a setback to the Kremlin-backed gas project and sparking a rise in UK and continental European gas prices. The regulator said it could not yet approve the project, led by Russia’s Gazprom, because its owners had not yet properly