S&P Global Ratings revised the city of Miami’s outlook to stable from negative and affirmed the AA-minus long-term rating and underlying rating on the city’s limited ad valorem and non-ad valorem bonds. “The outlook revision reflects our view of the demonstrated stability in the city’s operating budget through the COVID-19 pandemic and our expectation that
Tesla shares were under pressure on Monday after millions of Twitter users polled by chief executive Elon Musk concluded that he should sell 10 per cent of his stake in the electric carmaker. The 24-hour poll, which was conducted over the weekend, is the latest stunt by Musk to delight fans but risk controversy. When
Global investment bank JPMorgan has doubled down on its bitcoin price prediction of $146K. The bank’s analyst explained that the price of the cryptocurrency could reach that level if its volatility subsides and institutional investors start investing in bitcoin more than gold in their portfolios. JPMorgan Renews $146K Bitcoin Price Prediction JPMorgan released an inaugural
Moody’s Investors Service returned Chicago O’Hare International Airport’s outlook to stable as traffic levels rebound from last year’s pandemic-induced drop and the city slows its pace of borrowing for the facility. All four rating agencies moved the airport’s outlook to negative in 2020 as the pandemic crippled air travel. The three others had previously restored
In this article F CZR SHOO Ford CEO Jim Farley poses with the Ford F-150 Lightning pickup truck in Dearborn, Michigan, May 19, 2021. Rebecca Cook | Reuters It seems each passing trading session brings a torrent of quarterly earnings and sharp swings for the stocks of the companies reporting results. Positive prints can have
Workers at Stellantis’ Detroit Assembly plant which produces the new 2021 Grand Cherokee L, a new three-row SUV. Michael Wayland | CNBC Broad-based strength in hiring in October signals the economy is shaking off the Covid-related slump of the third quarter and could grow faster than expected in the fourth quarter. Employment increased by 531,000
Broker Associate at LIV | Sotheby’s International Realty based in Breckenridge, Colorado. Each luxury real estate agent should have their own unique branding. Whether it is a result derived from affiliating with a luxury brokerage such as Sotheby’s International Realty or Compass or achieved otherwise, it is essential to have a specific and clear identity. Brand consistency and
nd3000 | iStock | Getty Images There’s a growing number of unmarried couples buying homes together, and without proper planning the move may create future problems. Indeed, 9% of home buyers were unmarried in 2020, according to the National Association of Realtors. While younger millennials, ages 22 to 30 years old, represent 20% of unmarried purchasers,
Although 47 of the 61 Plan of Adjustment voting classes in Puerto Rico’s bankruptcy case officially approved it, including all bond classes, confirmation is not certain. Judge Laura Taylor Swain wanted a wide range of support for the plan from the voting classes and appears to have it. But it’s the judge’s decision on Act
China reported dozens of new local coronavirus infections on Saturday, a day after the government reaffirmed its commitment to strict measures designed to limit the pandemic’s spread within its borders. The country’s National Health Commission on Sunday reported 74 new cases for the previous day, of which 50 were locally transmitted. A wave of cases
The United States House of Representatives passed the $1.2 trillion bipartisan infrastructure bill, which if signed into law by President Joe Biden, would enforce new provisions in relation to crypto-tax reporting for all citizens. The infrastructure bill was first proposed by the Biden administration aimed at primarily improving the national transport network and internet coverage.
The largest infrastructure package in United States history is headed to President Joe Biden’s desk after the House passed the $1.1 trillion bill late Friday. The House passed the Infrastructure Investment and Jobs Act by a vote of 228-206 late Friday night after weeks of intense negotiations. It’s been on hold since the Senate’s passage
In crypto trading we often see entire sectors move in tandem. DeFi coins may all curve upwards together, while metaverse tokens soared on news that Facebook’s getting a Facelift. But this week’s group of top crypto performers have very little in common… except one trading indicator that lit up in pulsating green neon letters before
Prasit photo | Moment | Getty Images Sustainable investing has come into focus as investors direct their cash toward stocks based on so-called ESG factors, but shareholders will need to get involved to create meaningful change at companies. U.S. sustainable funds saw $15.7 billion in net inflows during the third quarter of 2021, according to
Traders work on the floor of the New York Stock Exchange (NYSE) on September 30, 2021 in New York City. Spencer Platt | Getty Images Stocks could take aim at new highs in the week ahead, even as investors face fresh data that could show the highest year-over-year jump in consumer inflation in more than
Nonfungible tokens, or NFTs, have been dominating the crypto market this year. With sales topping over $2.5 billion during the first half of 2021, it shouldn’t come as a surprise that both the crypto community and mainstream creators are launching NFTs in hopes of driving revenue and engagement. The rise of the Metaverse has also
Underscoring the truth to the adage “the rich get richer,” the Hawaii high-end real estate market grew at a record rate through the third quarter of 2021. Transactions in the $3 million to $10 million luxury category rose from 215 for the period last year to 634 so far this year, according to a report
Any C-suite executive looking to lure workers back into the office has likely spent more time thinking about indoor air quality and ventilation over the past year-and-a-half than at any other point in their pre-pandemic life. That’s because healthy buildings have become the latest enticement to bring employees back into the office. As people slowly
Municipals were part of a wider fixed income market rally on Friday as high-grade yields were lower by as much as six basis points on the long end, buoyed by the stronger-than-expected October jobs data and upward revisions to nonfarm payrolls numbers for September and August. The rally sustained lower rates, a flat yield curve
Nancy Pelosi stared down progressives in her own party on Friday, vowing to press ahead with a vote on a $1.2tn bipartisan infrastructure bill while delaying consideration of a separate, larger social spending package popular with the leftwing of the Democratic party. The move breaks a longstanding promise to move the two bills through Congress