El Salvador, the first country to establish Bitcoin (BTC) as a legal tender, made another historic decision to eliminate all taxes on technology innovations. The move runs parallel to the establishment of the National Bitcoin Office (ONBTC) of El Salvador, a.k.a. the Bitcoin office. When legalizing Bitcoin on Sept. 7, 2021, El Salvador President Nayib
Puerto Rico Electric Power Authority bondholders, the bond trustee, and bond insurers asked for certification of their appeal on bondholder liens but there are signals the judge isn’t inclined to grant it. On Friday morning District Court Judge Laura Taylor Swain not only rejected considering issues bondholders wanted treated separately, but she also set deadlines
Data from the Personal Consumption Expenditures (PCE) index showed an uptick of 0.3% in February, which lower than the 0.5% increase seen in January. Economists had projected a rise of 0.4% and the PCE data suggests that inflation is gradually showing a decreasing trend. Risky assets rallied in response to the data and some analysts
New Jersey’s wind energy industry is under fire following somemarine mammal deaths that the industry’s opponents blame on the development of offshore platforms along the state’s coastline. On Thursday, protests in Trenton calling for a moratorium on offshore platform development were followed by an announcement by Republican U.S. Representative Van Drew, whose district includes Atlantic
In this article GOOGL MELI GNRC BBBY VORB DWAC BB VTR QSR-CA ELF NKLA Follow your favorite stocksCREATE FREE ACCOUNT An exterior view of a Bed Bath & Beyond store on February 7, 2023 in Clifton, New Jersey. Kena Betancur | Corbis News | Getty Images Check out the companies making headlines in midday trading.
New York State lawmakers look likely to miss the deadline to have a new budget in place before the start of the state’s fiscal year on April 1. Last year the budget was approved a week late. “The governor and Legislature are discussing many important issues as they work to finalize the state budget, but
The seal of the U.S. Securities and Exchange Commission hangs on the wall at SEC headquarters in Washington. Jonathan Ernst | Reuters Today is the final day for the trading industry and investors to submit comments on one of Securities and Exchange Commission Chair Gary Gensler’s most controversial proposals: a partial overhaul of the U.S.
Municipal bonds finished trading little changed Friday as the market rode out the end of the month and the first quarter on a calm note as Treasuries strengthened and stocks surged. While munis came into March like a lamb, they went out like a lioness, calm and proud. The two-year muni-Treasury ratio was at 58%,
March municipal bond issuance dropped 30% year-over-year, as issuers this month dealt with Silicon Valley Bank collapse-induced volatility in the U.S. Treasury market, rising interest rates and an uncertain outcome for Federal Open Market Committee meeting. Total volume for the month was $31.795 billion in 515 issues, down from $45.555 billion in 985 issues a
Grand Cayman is a resort mecca with white sand beaches, scuba diving, snorkeling and deep-sea fishing. The largest of the Cayman Islands, it boasts fine dining, a stress-free environment and picture-perfect weather. A draw for real estate investors and expats: The entire British Overseas Territory is a tax haven with no property, income, capital gains
Walt Disney Co. pushed through changes limiting the powers of the municipal authority that governs its Florida theme parks ahead of a controversial takeover by representatives of Gov. Ron DeSantis. The changes were quietly approved last month by the outgoing board of the Reedy Creek Improvement District, the entity that provides fire protection, electricity and
Donald Trump will turn himself in to New York prosecutors on Tuesday, his lawyer said, insisting the former president would “not be put in handcuffs”. Joe Tacopina added he expected the charges — the first criminal indictment in history of an ex-US president — to relate to payments to buy the silence of porn actress
Bitcoin’s dominance over the crypto market, which represents its share of market capitalization relative to the total cryptocurrency market capitalization, rose steeply from around 44% to highs of 48% in March. While Bitcoin’s price increased by 22.7% during the month, most altcoins yielded subpar or negative returns. However, there were some outliers which showed a
The cryptocurrency hardware wallet manufacturer Ledger has raised €100 million ($109 million) in funding, according to the company’s disclosure on Thursday. Ledger CEO Pascal Gauthier says there has been significant demand for hardware wallets. He added, “2023 is even better for us because now you can’t even leave money at a Swiss bank.” Ledger to
Donald Trump has been indicted following a years-long investigation by Manhattan prosecutors that has led to the first criminal charges against a former US president in the country’s history, according to his lawyers. “President Trump has been indicted. He did not commit any crime. We will vigorously fight this political prosecution in court,” his lawyers
Municipals and U.S. Treasuries moved in lock step Thursday with both triple-A benchmark yields and UST yields slightly firmer throughout most of the curve. Equities ended up. The two-year muni-UST ratio was at 58%, the three-year at 59%, the five-year at 61%, the 10-year at 64% and the 30-year at 89%, according to Refinitiv MMD’s
Idaho lawmakers resurrected and reworked a property tax relief bill that Gov. Brad Little vetoed earlier this week, saying the original legislation put a transportation bond sale in jeopardy. Little vetoed House Bill 292 because it re-ordered the priority of statutory claims on sales taxes, putting property tax relief ahead of the state’s Transportation Expansion
In this article EVGO CROX GPN NFLX BBBY Follow your favorite stocksCREATE FREE ACCOUNT A Bed Bath & Beyond store in the Brooklyn borough of New York, US, on Monday, Feb. 6, 2023. Bed Bath & Beyond Inc. said it would shutter another 87 stores in addition to the 150 closures it announced in August.
A for sale sign is posted in front of a home for sale on February 20, 2023 in San Francisco, California. Justin Sullivan | Getty Images It might seem like a great time to list your home for sale. Buyers are flooding back into the market, mortgage rates have fallen off their recent highs, and
Transcription: Caitlin Devitt (00:03):Hi, welcome to the Bond Buyer Podcast. I’m Caitlin Devitt, Infrastructure Reporter at the Bond Buyer. My guest today are Pat McCoy, Deputy CFO of the Gateway Development Commission, and Corey Boock, a P3 attorney with Nossaman who’s going to talk to us about the current P3 landscape. I’m going to have