The New York Metropolitan Transportation Authority is debuting a new sales tax-backed credit as it prices $700 million of “capital lockbox” city sales tax revenue bonds. Goldman Sachs & Co. is lead underwriter on the deal, which was offered to retail investors Wednesday via the Triborough Bridge and Tunnels Authority. The bonds nabbed a AAA
As crypto winter sets in once more, industry players in Australia, one of the world’s most crypto-friendly nations, watch closely for a shift in the regulatory climate. Anthony Albanese, the new Australian Labor Party prime minister, has made regulating crypto a top priority. However, neither he nor his cabinet has given a clear indication of
A Ford F-150 Lightning on display at the New York Auto Show, April 13, 2022. Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Ford Motor — Shares of the carmaker dropped nearly 3% and hit a new 52-week low after the company reported a slight increase in new vehicle sales
A new strain of crypto-malware is being spread via YouTube, tricking users to download software that’s designed to steal data from 30 crypto wallets and crypto-browser extensions. Cyber intelligence company Cyble in a June 30 blog post said it had been tracking the malware known as “PennyWise” — likely named after the monster in Stephen
For the New York real estate market, the first quarter of 2022 delivered the same high volume of sales and competitive bidding situations as the latter months of 2021. However, towards the end of March a breath of slowdown crept in. Throughout the second quarter that slowdown has accelerated: fewer signed contracts, fewer bidding wars,
FUTURE LIGHT | Photodisc | Getty Images Sales contracts for Manhattan apartments plunged by nearly a third in June as the city’s scorching real-estate market started to cool amid recession fears and declining stocks. New York real estate was on a tear through the early spring, with high prices and strong sales. The median sales
Citizens of Argentina are hedging their savings by using stablecoins amidst the recent climate of uncertainty created by the resignation of certain key members of the government. The minister of economy in the country resigned last weekend, alongside other personalities, creating the turmoil that prompted the price of stablecoins in the country to rise by
Municipal yields fell for the third session in a row following the flight-to-safety bid in U.S. Treasuries as recession concerns continue to grow. Equities were mixed. Triple-A benchmark yields were bumped three to six basis points Tuesday with the strongest moves out long. Falling yields over the past two weeks have been “a welcome sigh
Boris Johnson’s premiership was teetering on the brink on Tuesday night, after chancellor Rishi Sunak and health secretary Sajid Javid dramatically resigned from the cabinet. Downing Street was braced for more ministers quitting with many Tory MPs believing the dual resignation of two senior ministers could signal the beginning of the end for Johnson. Sunak
Pennsylvania’s Commonwealth Court on June 30 squashed the state’s ambitious plan to use public private partnerships and tolling to repair or replace nine major bridges across the state. The state had already tapped Macquarie Infrastructure Developments LLC as private partner on the program. Judge Ellen Ceisler also called into question the constitutionality of the state’s
In this article AYI RH STZ WBA XRX NXST Check out the companies making headlines before the bell: Walgreens (WBA) – The drug store operator earned an adjusted 96 cents per share for its latest quarter, 4 cents above estimates, with revenue also beating analyst forecasts. Walgreens also reaffirmed its full-year guidance, forecasting low-single-digit adjusted
When it comes to the world of luxury real estate, closing a deal can be as nuanced as it is cut-throat. Here’s how one of Melbourne’s top producing teams sold a storied mansion in one of the area’s most sought-after suburbs. The Who: With nearly 80 years of combined experience in marketing and selling luxury
Elizabeth Reich, who wrapped up her final day as Dallas chief financial officer on Thursday, will be joining Dallas Area Rapid Transit starting July 18. DART announced on Friday that Reich, as its new CFO, will be a key member of the executive team, reporting to President & CEO Nadine Lee and leading the agency’s
Protesters brought parts of the UK’s motorway network to a standstill on Monday in a demonstration over high fuel prices. Police warned drivers that a “slow-moving rolling roadblock” was causing delays on parts of the M4 motorway near the border between England and Wales and on the M5 near Bristol. There were also “significant delays”
Denver International Airport returns to the municipal market next week to complete financing for its current capital improvement plan, boosted by a rating upgrade as it continues to recover from passenger and revenue losses due to the COVID-19 pandemic. The $1.5 billion deal consists of $1.375 billion of senior lien bonds subject to the alternative
Argentina, a country with one of the highest crypto adoption rates in the world, saw the price of dollar-pegged stablecoins surge across exchanges on Saturday after the abrupt resignation of its Economy Minister, Martin Guzman. The minister’s shock exit, confirmed on his Twitter account on July 3 via a seven-page letter, threatens to further destabilize
A Citibank sign in front of one of the company’s offices in California. Justin Sullivan | Getty Images Investors just can’t seem to find a trough in this bear market, and are struggling to hold on to any optimism amid growing concerns of a possible recession. However, the key to surviving a bear market successfully
In this article MGM CZR META MU KSS AAPL Check out the companies making headlines before the bell: Kohl’s (KSS) – Kohl’s tumbled 17.9% in premarket trading after the retailer confirmed an earlier CNBC report that it ended talks to be bought by Vitamin Shoppe parent Franchise Group (FRG). Kohl’s said the deteriorating retail and
The past few weeks have been interesting and have surfaced what we in the financial services industry call matters requiring attention, or MRAs. An MRA describes a practice that deviates from sound governance, internal controls and risk management principles. These matters that require attention have the potential to adversely affect the industry and increase the
More and more, home sellers are giving in to the mounting pressure on affordability posed by June’s rapid mortgage rate hike, according to a new report from Redfin, a technology-powered real estate brokerage. The median asking price of newly-listed homes for sale is down 1.5% from the all-time high it reached in the spring, and