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St. Louis County, Missouri, takes competitive bids Wednesday on $114 million of special obligation bonds that will provide its long-stalled share of public financing for the expansion and renovation of the downtown convention center. The bonds mature from 2034 to 2047. Columbia Capital Management LLC is advising the county. The bonds are rated AA rating
In this article BRK.A PARA In this photo illustration, Paramount+ (Paramount Plus) logo is seen on a smartphone against its website in the background. Pavlo Gonchar | SOPA Images | LightRocket | Getty Images Shares of Paramount Global jumped Tuesday after Warren Buffett’s Berkshire Hathaway revealed a new stake in the media company. The stock
Workers operate a drilling rig for an EBR Energy LP natural gas well near Columbus, Texas. Scott Dalton | Bloomberg | Getty Images U.S. natural gas prices more than doubled since the start of the year, and this summer’s air conditioning season could send them soaring by at least another 25%. In the futures market,
Crypto venture fund giant Andreessen Horowitz (a16z) has highlighted that development and demand on Ethereum is “unmatched” despite the network’s high transaction fees. The firm does warn, however, that its “popularity is also a double-edged sword” given Ethereum prioritizes decentralization over scaling, resulting in competing blockchains stealing market share with “promises of better performance and
Art is a $50.1 billion global market, with the U.S. being the largest player at 42% of total sales value. But art is more than a market or investment vehicle. Works of art can be creative expressions for their creators, or a source of joy and inspiration for their consumers; sometimes those are the same
SDI Productions With soaring prices and record home equity, you may expect a profit from selling your property. But the windfall may trigger an unexpected tax bill next April. While home profits dipped slightly, the typical single-family seller still scored a $103,000 gross profit during the first quarter of 2022, according to ATTOM, a nationwide
With the need for greater efficiency and liquidity in the municipal market, participants say the time is ripe for the expansion and adaptation of electronic trading platforms in the space. While it’s hard to quantify how much of the market is electronic, John Bagley, the MSRB chief market structure officer, said anecdotally there has been
Twitter said it plans to enforce the $44bn takeover agreement with Elon Musk, just hours after the Tesla boss declared the purchase “cannot move forward” unless the social media company can certify the number of fake accounts. The San Francisco-based group made the comments in a detailed filing on Tuesday, outlining the whirlwind weeks in
Its been a rough couple of weeks for the cryptocurrency market. Bitcoin (BTC) price is nowhere near the price estimates of most analysts, multiple stablecoins lost their peg and the demise of one of the top decentralized finance (DeFi) platforms sparked an event that resulted in $900 billion vanishing from the total crypto market capitalization. In
Municipals were little changed and U.S. Treasuries were mixed in what amounted to a relatively quiet day for fixed-income markets, while equities were mixed to end the day. Municipals took more of a wait-and-see approach ahead of a calendar filled with general obligation bonds from credits across the spectrum. Municipal to UST ratios were still
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs is giving its top managers a new perk more common in the tech industry: the ability to take as much vacation time as they want. The investment bank told managing directors and partners last
In this article TTWO TME UAL A United Airlines passenger plane is loaded at the capital’s BER airport before its first flight from BER to New York’s Newark Airport. On flights to the U.S. East Coast, Berliners and Brandenburgers no longer necessarily have to change planes. From Monday, United Airlines will connect Schönefeld directly with
Winston Churchill’s statement to “never let a crisis go to waste” can be applied across many aspects of society, including the recent carnage seen in the crypto market. Last week’s volatility is likely to have newer investors and those who took on heavy losses questioning the future of the burgeoning asset class, but in every
The Biden Administration just announced its Housing Supply Action Plan with 19 immediate steps. Their top priority is to reform local zoning. On the upside, the Plan focuses on new funding for new construction instead of new funding for buying existing houses which just increases house prices and makes housing less affordable. On the downside,
A major Wall Street firm is drawing a striking parallel to the housing bubble. Blackstone’s Joe Zidle calls homes almost as unaffordable as the 2007 peak. Yet, he believes a crash is unlikely due to a major difference: Most owners aren’t using their homes like an ATM. “That caused so many people to go upside
The selling in Bitcoin (BTC) is showing no sign of abating and Bitcoin has fallen for seven straight weeks for the first time ever. This indicates that the momentum remains strongly in favor of the bears. While the short-term sentiment remains bearish, institutional traders seem to be taking a longer-term approach on cryptocurrencies. Goldman Sachs
Although discounting has a critical role in funding and refunding decisions, it does not receive the attention it deserves. For example, to analyze a refunding proposal, we need to determine the cost of the outstanding and the refunding bonds on a present-value basis. Should tax-exempt and taxable bonds be discounted with the same rate or
Vladimir Putin has signalled Russia will tolerate Finland and Sweden joining Nato but warned that the Kremlin would respond if the alliance installed military bases or equipment in either country. Putin said on Monday that the proposed Nato enlargement posed “no direct threat for Russia”, according to the news agency Interfax. He added that he
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