Month: October 2019

PHILADELPHIA — Strong investor demand for Philadelphia bonds underscores the city’s fiscal strides, according to Mayor Jim Kenney. A $293.4 million general obligation bond offering Aug. 1 was more than 10 times oversubscribed and netted Philadelphia $15.9 million in interest savings compared to its previous GO deal. Two weeks later the city completed a $250.7
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Bitcoin’s price was quoted in five digits across cryptocurrency exchanges earlier today, but the breakout into $10,000 was short-lived. The number one cryptocurrency by market value jumped to $10,350 at 01:45 UTC – the highest level since Sept. 24 – according to Bitstamp data. Meanwhile, the global average price, as calculated by CoinDesk’s Bitcoin Price
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Chicago Mayor Lori Lightfoot needs to achieve her 2022 target of structurally balancing the city’s books to preserve the city’s BBB-plus rating, S&P Global Ratings said in a special report Friday. The 2020 budget Lightfoot proposed Wednesday relies on roughly 60% recurring revenues and measures and 40% one-shots in order to wipe out a more
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CANYON COUNTRY, CA – OCTOBER 24: A hinge burns on Baker Canyon at Husk Ave from theTick Fire in … [+] Canyon Country, Thursday, October 24, 2019. (Photo by Hans Gutknecht/MediaNews Group/Los Angeles Daily News via Getty Images) Photo by Hans Gutknecht, Los Angeles Daily News/SCNG If you turn on the news today, you will
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Puerto Rico’s government-owned electricity company announced a $20 billion plan to modernize and strengthen a power grid that was devastated by Hurricane Maria two years ago, even as a backlash against a small fee increase underscored the financial challenge facing the bankrupt utility. Guayanilla power plant Jose Ortiz, the executive director of the Puerto Rico
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Founder of space company Blue Origin, Jeff Bezos, speaks about the future of commercial space travel. Brent Lewis | Denver Post | Getty Images Check out the companies making headlines in midday trading: Amazon stock plunged more than 7% in after-hours trading after the e-commerce giant reported third-quarter earnings fell short of street expectations. The
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Tradeweb Markets and Investortools are integrating to bolster Tradeweb’s electronic trading platform to better target retail investors, furthering a trend of technology partnerships in the municipal space. John Cahalane, Head of Tradeweb Direct, said the integration “made very good sense, given the breadth of our retail business, for us to combine our joint technologies, and
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Bitcoin has dropped to a five-month low of $7,435 USD following Facebook CEO Mark Zuckerberg’s testimony before Congress in defense of the planned stablecoin Libra. The world’s largest cryptocurrency fell as much as 9% to its lowest levels since June, as Zuckerberg was grilled by congressional representatives before a sitting of the House Financial Services Committee.
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