Aerial views of new homes under construction in the Pinal County, AZ town of Florence Wednesday, Jan. 26, 2022. Brian Van Der Brug | Los Angeles Times | Getty Images Arizona will not allow new housing construction in the Phoenix area that depends on groundwater, a decision that comes as the state grapples with a
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Struggling with declining enrollment, Oregon’s Portland State University had its outlook revised to negative by Moody’s Investors Service, affecting $193 million of outstanding debt. Enrollment declined by more than 20% over the past six years, and expectations of continued declines over the next four years at the downtown Portland university were cited by Moody’s in
Municipals were slightly firmer Friday, outperforming a U.S. Treasury selloff after a hotter-than-expected jobs report. Equities rallied. Triple-A yields were firmer by up to four basis points while Treasuries were weaker by up to 15 on the short end. Short ratios fell as a result. The two-year muni-Treasury ratio Friday was at 66%, the three-year
Reinvestment needs will top new-issue supply by about $30 billion from June to August, which should boost the asset class after May’s atypical losses. Reinvestments, which includes maturities, called bonds and coupons, total over $114 billion over the next four months, according to ICE Data. While June often begins softer as investors assess how new-issue
AES Puerto Rico, a firm that supplies about 21% of the electricity transmitted by the Puerto Rico Electric Power Authority, defaulted Thursday, missing an $18 million interest and principal payment on outstanding municipals it priced through a conduit in 2000. In a notice to the Municipal Securities Rulemaking Board’s EMMA site on Friday, AES Puerto
The Austin City Council on Thursday approved an $88 million settlement with an airport terminal operator that will allow a largely bond-financed expansion and development program at the Austin-Bergstrom International Airport to move forward with a midfield concourse project. The settlement paid with airport revenue will end litigation against the city by LoneStar Airport Holdings,
Less than a month before New York City faces a deadline for a balanced budget agreement, Mayor Eric Adams and the City Council seem as far apart as ever over the need for either increased spending or more cuts. By law, the mayor and council must agree on a balanced budget by July 1. Last
A two-bedroom condo in famed architect Robert A.M. Stern’s celebrity-filled 15 Central Park West takes in panoramic views of the park. The apartment sits on the 27th floor of “the Tower” of the two-building complex, overlooking the iconic green space and the Manhattan skyline that borders it. The building was constructed in the mid-2000s and
CIA director Bill Burns travelled to China last month, a clandestine visit by one of President Joe Biden’s most trusted officials that signals how concerned the White House had become about deteriorating relations between Beijing and Washington. Five people familiar with the situation said Burns, a former top diplomat who is frequently entrusted with delicate
The European crypto scene has gained significant traction over the past few years, with a surge in the interest in and adoption of cryptocurrencies and blockchain technology. While the crypto industry is often associated with decentralization, innovation and financial freedom, it is not immune to various political ideologies and influences, and right-wing movements are no
In this article FDS Follow your favorite stocksCREATE FREE ACCOUNT A view of a Canadian athletic apparel retailer Lululemon logo seen at one of their stores. Alex Tai | LightRocket | Getty Images Check out the companies making headlines in early morning trading. MongoDB — The data developer platform stock surged 27% after the company issued
The Southern and Western regions of the U.S. hold the highest growth rates, per data from U.S. Census Bureau, with cities in Texas, Florida, and Arizona topping the list. Workers searching for an all-around great place to reside might find spots like Green Bay, Wisconsin, and Huntsville, Alabama, appealing, as these communities rank first and
The US Senate has approved a fiscal deal between the White House and congressional Republicans, ending a weeks-long political stand-off over the debt ceiling that risked triggering an unprecedented default in the world’s largest economy. Lawmakers in the upper chamber passed the bill with overwhelming bipartisan support on Thursday evening, with 63 senators backing the
Massachusetts state senators approved a $56 billion budget for the fiscal year 2024 last week, forwarding along for final debate a package that preserves many of the central features of Gov. Maura Healey’s landmark tax relief package. Senators followed in step with their counterparts in Massachusetts’ House in approving a package along the lines of
Two Missouri-based hospital operators, BJC HealthCare and Saint Luke’s Health System, are the latest to join the trend of large-system mergers. The two signed a letter of intent to form an integrated not-for-profit Missouri-based health system Wednesday. The systems will work to reach a definitive agreement “in the coming months” with a closing anticipated by the
Ejs9 | E+ | Getty Images Assessing how fast prices are changing for consumers may sound straightforward. But that’s not always the case — measurement quirks in consumer price index categories such as housing, technology and health insurance mean inflation readings don’t always jibe with the actual prices people pay. The dynamic is important: It
BitCulture explores arts, culture, music and media in blockchain and Web3. Fine art on the blockchain Exchange.art head curator Haley Karren came to Web3 from some of the world’s leading art institutions and says that working with 14,000 artists on Solana’s fine art marketplace has broadened her tastes. “I have a new appreciation for pixel art,
In episode 22 of Hashing It Out with Cointelegraph’s Elisha Owusu Akyaw, Sara Gherghelas, blockchain research analyst at DappRadar — a cryptocurrency data tracking platform — discusses the recent hype around memecoins, while looking at on-chain data. Gherghelas also provides insights on how other sectors, such as nonfungible tokens (NFTs), are faring as memecoins take
While many beginners base their trades on the negativity brought about by devastating events happening within the crypto space, experienced traders base their decisions on different factors and are able to come out on top of others, even in a bear market. Speaking with Cointelegraph, Dan Tapiero, the founder of growth equity funds 10T Holdings
A bill to raise the debt ceiling cleared a significant hurdle on Wednesday afternoon, after Democratic lawmakers supported Republican Speaker of the House Kevin McCarthy and allowed the bipartisan deal to advance to a full vote. In order to see off a rebellion from members from his own party, McCarthy was forced to rely on