Puerto Rico’s leaders welcomed Pres. Joe Biden’s Build Back Better Act budget proposal for its inclusion of funding for three programs that would benefit the island. As it stood on Friday, Biden’s $1.85 trillion spending and taxing proposal would introduce the Supplemental Security Income program to provide $1 billion to island residents, would increase the
admin
Mario Draghi has warned the leaders of the world’s 20 largest economies that “going it alone is simply not an option,” as they gathered in Rome to start a two-day race to reach a deal on global climate change targets. The Rome G20 summit will set the tone for the COP26 meeting in Glasgow next
Film producer turned Colorado developer Alan Elias is a visionary from his socially conscious films to environmentally attuned luxury real estate to creating the four-season luxury residential resort of AngelView At Twin Lakes. The 75-acre ultra-private development on the shores of Twin Lakes (the largest glacier-formed lake in Colorado) is about 35 miles east of Aspen
A plunge may be looming for cryptocurrencies, housing and disruptive technology stocks tied to innovation. According to Rich Bernstein, an Institutional Investor Hall of Famer, the nation’s expiring easy money policies and historic supply chain backlogs are posing serious risks for some of the market’s most popular investments. “There’s a whole series of bubbles going
AMC Entertainment is in the process of updating its technical infrastructure to allow consumers to pay online with Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Dogecoin (DOGE) for movie tickets. But it doesn’t stop there. In a Twitter post early Friday morning, Adam Aron, the company’s CEO, asked if users would be potentially interested in
Municipal bonds were lightly traded and benchmark yields steady to end October while U.S. Treasuries bounced throughout the trading session, ending stronger near the close, and market participants are pointing to near-term volatility for both asset classes going into November. In the near-term, the upcoming Federal Open Market Committee meeting should contain “an intense discussion
Starship prototype SN15 returns for a landing on May 5, 2021 after a high-altitude flight test. SpaceX Between Elon Musk’s two largest companies, investors and experts have a long-term favorite. Most “institutional investors and industry experts” surveyed by Morgan Stanley expect SpaceX to become more valuable than Tesla, and see it as a more attractive
In this article AAPL Halfway through third-quarter earnings season, and there are two key catalysts: Demand is strong. Cost inflation and supply-chain issues are the main headwind, but companies are learning to navigate through them. In some cases, supply chain disruption has taken a serious toll. Apple CEO Tim Cook said supply chain issues had cost
In this article MSFT AAPL GILD Starbucks coffee shop logo seen at one of their stores. Stephen Zenner | LightRocket | Getty Images Check out the companies making headlines in midday trading. U.S. Steel — Shares of U.S. Steel gained more than 15% as the company’s quarterly results beat top and bottom line estimates. U.S.
New York transparency advocates received some batches of sunshine with new initiatives from Gov. Kathy Hochul and state Comptroller Thomas DiNapoli. Hochul on Thursday announced transparency plans for more than 70 executive agencies and changes to the Freedom of Information Law process. It piggybacks on her signing a week ago of the MTA Open Data
The eurozone’s economic rebound gathered pace with growth of 2.2 per cent in the third quarter, closing the gap with the US and Chinese recoveries and keeping the bloc on track to regain its pre-pandemic level of output later this year. However, there was a mixed picture between the four largest eurozone countries that reported
Some place names immediately evoke vivid imagery. Wild Horse Island is one such spot. The largest island on northwest Montana’s Flathead Lake, the refuge was used by indigenous people for centuries to house, protect and pasture horses. In the early 1900s, homesteaders cut down many of the trees and introduced non-native plants. The island has
A pending sale sign in front of a home in Miami. Getty Images Pending home sales, which are a measure of signed contracts to buy existing homes, fell an unexpected 2.3% in September compared with August, according to the National Association of Realtors. Analysts were predicting a slight monthly gain. Sales were 8% lower compared
British police have seized bitcoin worth almost $3 million from a teenager who set up a fake website to scam consumers. “At the time they were worth £200,000. They are now worth a little over £2 million.” UK Police Seize $2.8 Million in Bitcoin British police have arrested a 17-year-old boy from South Lincolnshire and
A flood of Chicago paper planned over the next year should find an amiable investor reception after federal aid and rebounding revenues stabilized the city’s bond ratings and temporarily drowned out worries over how the city will structurally balance its books once the aid dries up. That’s the assessment offered by several members of the
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. This week, Wanxiang Blockchain hosted its annual Shanghai Blockchain Week, an event that usually brings together the government, enterprise, academic and degen side
This week’s surge in popular meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE) could be signs that the good times are back and a quick glance at crypto Twitter shows a long list of tweets where aspiring traders discuss buying Lambos, quitting their day jobs and becoming a full-time crypto traders. While DOGE and
Two Medical Products Stocks with Recent Price Strength.
Fixed-income giant Pimco has dabbled in cryptocurrencies and plans to gradually invest more in digital assets that have the potential to disrupt the financial industry, according to chief investment officer Daniel Ivascyn. “Now we’re looking at potentially trading certain cryptocurrencies as part of our trend-following strategies or quant-oriented strategies, then doing more work on the
In this article F TDOC AAPL AMZN PJC Ford Motor Co. CEO Jim Farley walks to speak at a news conference at the Rouge Complex in Dearborn, Michigan, September 17, 2020. Rebecca Cook | Reuters Check out the companies making headlines in midday trading. Ford Motor — Shares of the automaker soared more than 9%