Month: October 2019

Municipal bonds were on the move Wednesday as two big issuers came to market with over $1 billion in transportation bonds. Primary marketCitigroup priced the Massachusetts Department of Transportation’s $694.535 million of Metropolitan Highway System revenue bonds. The deals consisted of $495.05 million (A2/A+/A+) of Series 2019A senior revenue refunding bonds and $199.485 million (Aa2/AA/AA+)
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In this Tuesday, April 16, 2019, photo, an apartment building under construction nears completion in downtown Orlando, Fla. (AP Photo/John Raoux) ASSOCIATED PRESS Apartment construction was expected to peak in 2016/2017 according to many industry watchers and participants, but evidently the market didn’t get the memo. It seemed like the boom in rental apartment buildings
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Pedestrians walk outside an E*Trade Financial office in New York. Daniel Acker | Bloomberg | Getty Images Retail brokerage firm E-Trade announced Wednesday it will drop commission fees on online U.S. stock, ETF and options trades. The move comes within a week of Interactive Brokers, Charles Schwab and TD Ameritrade all dropping their commission fees.
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The University of Hawaii is moving ahead with plans to construct a new Aloha Stadium and entertainment district using $330 million in bonds even as colleges have been discussing how to combat declining attendance at college sporting events. The team developing a master plan for the university’s new football stadium and entertainment district is holding
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Crypto industry leaders are taking the initiative to help firms in the space avoid falling foul of securities rules. In a company blog post, Coinbase announced it’s co-founded the Crypto Rating Council, a member-only organization purposed with assisting cryptocurrency companies determine if they comply with current U.S. federal securities law. Coinbase is joined at launch by
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Bakkt, the highly anticipated Bitcoin futures contract, recorded just $5 million USD in total trading during its first week. The long-awaited Bitcoin futures platform from The Intercontinental Exchange (ICE) launched last week to considerably underwhelming fanfare given the hype surrounding the project since it was initially announced last year. According to ICE, which is also
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A 165-acre island in the United States Virgin Islands that neighbors Epstein’s “pedophile island” Small Saint James (pictured), was sold for $22.5 million to an offshore company in 2016. (AP Photo/Gianfranco Gaglione) ASSOCIATED PRESS Jeffrey Epstein allegedly bought a second private island in the Caribbean using an unaware Dubai businessman as a front man to
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New cases of Bitcoin fraud are back circulating the media. Back in May, the NYPD warned the public about Bitcoin scams, but that hasn’t stopped incidences of fraud from occurring. In the news this week, we have learned of two new Bitcoin fraud cases: one involves a Pennsylvania resident, and the other, interestingly enough, involves
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Traders work on the floor at the New York Stock Exchange. Eduardo Munoz | Reuters Investors rotated into the cyclical financial, energy, materials and industrial sectors in September, but they also added to holdings in utilities after interest rates dipped over the summer. Investors bought financial stocks in September, as interest rates began to rise
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