Ninety percent of counties across the U.S. have experienced a flood, wildfire, hurricane or other federally declared climate disaster between 2011 and 2021, according to a report published Wednesday that calls for urgent investment in climate adaptation and hazard mitigation. During that same period, 29 states on average endured at least one federally declared disaster, according
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Municipals rallied across the yield curve Wednesday, outperforming U.S. Treasuries and seeing the greatest gains out long after stronger retail sales data signaled the Fed’s tightening is not yet over, pushing equities into the red. Retail sales increased 1.3% in October, slightly above the consensus forecast of 1.0% and a significant improvement from the flat
Fitch Ratings has upgraded seven series of prepaid municipal energy transactions from four issuers, actions that follow the agency’s upgrade of Morgan Stanley, the guarantor to the gas supplier in all of the transactions. Fitch lifted Morgan Stanley’s issuer default rating to A-plus from A Nov. 4, revising the outlook to stable at the higher
The UK’s rate of inflation hit a fresh 41-year high in October, accelerating to 11.1 per cent on the back of rising energy and food prices. The Office for National Statistics said the rate rose from 10.1 per cent in September, putting inflation at its highest level since October 1981. Economists polled by Reuters had
The crypto market is up today and Bitcoin (BTC) price jumped up 3.1% on Nov. 15 reaching $17,171, as confidence briefly returns to the global macro outlook with a lower-than-expected producer price index (PPI) print and a cooling U.S. dollar. Crypto and equities markets responded to PPI data which showed wholesale prices rose 0.2% for
U.S. Congressman Brad Sherman has called on the Securities and Exchange Commission (SEC) to “take decisive action to put an end to the regulatory gray area in which the crypto industry has operated.” He added that he plans to work with his colleagues in Congress in the coming weeks “to examine options for federal legislation.”
Traders on the floor of the NYSE, Sept. 14, 2022. Source: NYSE As we see valuations soften in many parts of the market today, it can feel like an uncertain time for investors, especially in technology. However, on close examination, investing specifically in enterprise software will continue to be one of the best uses of
In an aerial view, the Carnival Miracle cruise ship operated by Carnival Cruise Lines sits docked at Pier 27 on September 30, 2022 in San Francisco, California. Justin Sullivan | Getty Images Check out the companies making headlines after the bell: Carnival — Shares of the cruise line plummeted more than 13% in extended trading
The collapse of cryptocurrency exchange FTX has put industry peers under the microscope with calls for transparent accounts of token holdings and assets under management. Major cryptocurrency exchanges like Binance, Huobi, OKX and Crypto.com have made efforts to share details of their assets and portfolios to assuage the wider space. This comes after investor confidence
The Malibu, California estate once owned by the late actor Steve McQueen is on the market for $17 million. He was a beloved performer for Baby Boomers and one of the highest-paid actors in the world in the 1970s. McQueen was the epitome of cool, both in real life and his movies, including The Thomas
Drought conditions are worsening in the U.S., and that is having an outsized impact on the real estate that houses the internet. Data centers generate massive amounts of heat through their servers because of the enormous amount of power they use. Water is the cheapest and most common method used to cool the centers. In
The Puerto Rico Electric Power Authority fuel line lenders said they have a document to stop the Oversight Board from getting its proposed restructuring approved. The document, the board’s agreement with former PREPA fuel provider Vitol for its support of the restructuring, will make it very difficult for the judge to accept Vitol as a
The District of Columbia’s first public private-public partnership was filled with challenges, but demonstrated how outside-the-box thinking can help issuers overcome obstacles to achieve their infrastructure goals. A panel discussion detailing the financing behind the ambitious plan occurred at the Bond Buyer Infrastructure Conference in Washington D.C. Monday. The D.C. Smart Street Lighting Project calls
The collapse of Sam Bankman-Fried’s crypto empire has sparked a vast global investigation, with dozens of authorities circling the company as lawyers warn there could be 1mn creditors in its bankruptcy proceeding. FTX said in court filings it was in contact with US federal prosecutors, the Securities and Exchange Commission, the Commodity Futures Trading Commission
In this article JEF LPX PARA 2330-TW Follow your favorite stocksCREATE FREE ACCOUNT The entrance of Paramount Studios is seen at Paramount Studios in Hollywood, California. Mark Davis | Getty Images Check out the companies making headlines in after-hours trading. Taiwan Semiconductor Manufacturing — Shares of Taiwan Semiconductor jumped 6.4% after Warren Buffett’s Berkshire Hathaway
Post Ethereum merge, layer-2 blockchains have been catching the eyes of users and investors alike. Research firm Delphi Digital has been tracking Arbitrum since August and recently shared its analysis in a monthly market report. According to data, user behavior and historical analysis show multiple trends of rapid growth in transactions, total value locked and
When the temperatures drop and the winds pick up, we appreciate our homes for the shelter they provide. But we want more than mere comfort; we want our homes to be cozy and relaxing. With the holidays approaching, Pacific Palisades Realtors collaborated with interior design experts Jaqueline Hamilton and Nicola Rodriguez to reveal tips on
The public entrance to Trump Tower on Fifth Avenue in New York. Robert Alexander | Archive Photos | Getty Images A New York court Monday appointed retired Judge Barbara Jones to oversee some of the Trump Organization’s financial statements as part of a lawsuit alleging widespread fraud by former President Donald Trump, his businesses and
The Missouri Highways and Transportation Commission heads into the market Tuesday with a $489 million new money deal with a new AAA rating attached to the third-lien paper. The commission will take competitive bids on the offering of third-lien state road bonds. PFM Financial Advisors LLC is advising. Gilmore & Bell PC and Bushyhead LLC
California voters still have faith in the citizens’ initiative process, but say it has become controlled by special interests and they would like to see improvements, according to a Public Policy Institute of California poll. In a post published Thursday, PPIC President and CEO Mark Baldassare said a poll conducted during October found the citizen’s
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