Los Angeles Mayor Eric Garcetti launched an environmental plan this week that encourages the use of green bonds. He gave the city’s debt management team until December to report back on financing instruments and mechanisms, including municipal bond deals the city has already executed that have a positive climate and environmental impact. That gives the
Month: February 2020
The best Sundays are for long reads and deep conversations. With the price of bitcoin headed up again, the idea of blockchains and digital currencies has never been more palatable to the mainstream. We’ve seen this cycle before, but could this time be different? Today’s discussion features: Today’s episode features audio clips from CNBC, C-SPAN
Viktor Bunin is a protocol specialist at Bison Trails, a company that offers one-click access to various blockchain nodes. While the number of Bison Trails users is, according to Bunin, headed “up and to the right,” he addressed concerns with Libra and the recent drop-out of major banking and business players. In short? He’s not
Tom Steyer (L), Sen. Elizabeth Warren (D-MA), Sen. Bernie Sanders (I-VT) and former South Bend, Indiana Mayor Pete Buttigieg (R) listen as former Vice President Joe Biden (C) speaks during the Democratic presidential primary debate at Drake University on January 14, 2020 in Des Moines, Iowa. Scott Olson | Getty Images Vermont Sen. Bernie Sanders
Gregg Bishop, commissioner of New York City’s Department of Small Business Services, and Jim McGregor, chairman of the greater China region at APCO Worldwide and a former chairman of the American Chamber of Commerce in China, join “Squawk Box” to discuss the business impact of the coronavirus outbreak. 05:52 Thu, Feb 13 20208:00 AM EST
A man runs past the New York Stock Exchange (NYSE). Bloomberg The portfolio manager who helps run a mutual fund that consistently beats the market and its peers said the key to his success is being able to wait for stocks to pop. The D.F. Dent Premier Growth Fund, which has returned over 15% annually
VANCOUVER, Feb. 13, 2020 /CNW/ – LiteLink Technologies Inc. (CSE:LLT)(OTC:LLNKF)(FRA:C0B), a key player in supply chain platforms and logistic IoT sensors, is pleased to announce that Easterday Farms Produce Company (“Easterday Farms“) has transitioned from trials to become a commercial client of LiteLink’s 1SHIFT Logistics IoT cold chain sensors platform for rail freight transports. Easterday Farms
A year after a lower court restructured the Puerto Rico Sales Tax Restructuring Corp. (COFINA) bonds into new bonds, a case attempting to overthrow the restructuring is actively moving forward in an appeals court. At stake is a restructuring of senior and subordinate COFINA bonds with original par value of $17.6 billion. Investors started selling
Colorado Governor Jared Polis sat down with CoinDesk at ETHDenver, the third edition of the ethereum hackathon in the Mile High City. A digital native noted for launching multiple internet enterprises, Polis led the charge for bitcoin and other digital assets in the U.S. House of Representatives from 2009 to 2019. “Colorado is the center
Decentralized finance (DeFi) project bZx has suffered an attack in which a hacker successfully gamed multiple DeFi protocols to extract $350,000 from the platform, about 2 percent of the assets under management. In response, the company took down its lending and trading protocol Fulcrum at 7 AM UTC. The company was presenting at ETHDenver during
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Stocks are likely to remain hostage to developments involving the coronavirus in the week ahead, and even so, the market could continue to hit new highs. Economists have been reducing China’s growth outlook for the quarter, with some seeing little
WESLEY CHAPEL, Fla. — The water is a crystal, Caribbean blue, and the palm trees sway over white sand. The only things missing are the smell of salty sea air and the sound of waves slapping on the shore. It’s not a real beach. It is an 8-acre, 16 million-gallon, man-made body of water about
Elon Musk, chief executive officer of Tesla Inc., speaks during a ceremony at the company’s Gigafactory in Shanghai, China, on Tuesday, Jan. 7, 2020. Qilai Shen | Bloomberg | Getty Images This is breaking news. Please check back for updates. Tesla priced its secondary common stock offering at $767 a share, raising more than $2 billion,
When Bitcoin was in the middle of its stunning rally last year, Ethereum failed to catch any of this, but things have been quite different this year. It is the second-biggest cryptocurrency in the world by market cap, and over the last few weeks, it has left most of the wider market in the dust.
Back in early 2019, Bitcoin went on a remarkable rally, and many believed that the cryptocurrency could eventually reach the dizzying highs it had hit in 2017. However, after the first half of the year, the rally fizzled out. The world’s biggest cryptocurrency has again gone on a remarkable rally over the past few days,
Illinois expects $750 million in budgetary relief over the next three years through consolidation measures, healthcare savings from new labor contracts, interest savings on overdue bills, and improved collections announced by Gov. J.B. Pritzker ahead of his fiscal 2021 budget address. “For the coming year, our efficiencies and initiatives will yield at least $225 million
After Hedera Hashgraph announced that Google Cloud would be joining its governing council on Tuesday, the price of the network’s native token HBAR rose above 5 cents for the first time since the network’s launch and above 2 cents for the first time in a month. As part of the body of advisors who oversee
Bitcoin investors speculate the upcoming halving could send prices skyrocketing to $90,000 or higher. To the operators of high-speed computers used to mine for bitcoin, the halving looks more like a doubling — of costs. In a new report, the crypto-focused research firm TradeBlock estimates the average cost to mine a single bitcoin (BTC) could
Emerging market debt, as an asset class, has been spared a big impact from the coronavirus so far. Fear the virus will hurt the global economy has driven Treasury yields lower, and the easy money policies of the world’s central banks have pushed yields lower around the globe, so the hunt for yield has become
A home improvement contractor works on a house in Cambridge, Massachusetts. Suzanne Kreiter | The Boston Globe | Getty Images Americans are moving much less frequently. Mobility is actually at a record low. That is fueling strong growth in the home remodeling market. But not all renovation investments yield equal payback. Overall remodeling returns are
Tesla shares slid after the electric automaker said it plans a $2 billion common stock offering, just two weeks after CEO Elon Musk said the company would not take advantage of its surging stock to raise more capital. Musk himself will buy as much as $10 million of stock in this offering, while Tesla board member Larry Ellison
January was the second-best month for CME’s Bitcoin futures trading since its 2017 launch, averaging 10,800 contracts, 69% greater than the average daily volume in 2019. Last month also saw new options on Bitcoin futures picking up pace. Since launch, 466 options contracts, or 2,300 equivalent Bitcoin, have traded—nearly 40% as blocks, showing signs of
The municipal market started the week like gangbusters, but Thursday’s primary action was a dud. With the four-day holiday shortened week approaching, the market only saw a handful of deals sell with even one offering getting pulled at the last moment. “It was eerily quiet today, but with a holiday right around the corner it
XRP, the native asset of San Francisco-based Ripple’s XRP Ledger, experienced a flash crash on Hong Kong-based derivatives exchange BitMEX on Thursday. At exactly 14:00 UTC, the price on the XRP/USD pair quickly plummeted from 33 cents to 13 cents, a 60 percent drop. During that minute, volume spiked to $6 million, according to BitMEX
To look at the U.S. government, it is the best of times and the worst of times for personal financial privacy. On the one hand, in comments before the Senate Financial Services Committee, Treasury Secretary Steven Mnuchin said his agency’s Financial Crimes Enforcement Network, or FinCEN, is planning stricter regulations on anti-money laundering and crypto.
A pedestrian walks past a stock ticker at a Fidelity Investments office in Boston, Massachusetts. Brian Snyder | Reuters Thanks to record-breaking markets and more retirement savings, there are a record number of 401(k) and IRA millionaires in the United States. Fidelity has released its quarterly analysis of retirement trends, which has become increasingly relevant
(L-R) CEO of Apple Tim Cook , U.S. President Donald Trump, Microsoft CEO Satya Nadella and Amazon CEO Jeff Bezos attend a meeting of the American Technology Council in the State Dining Room of the White House June 19, 2017 in Washington, DC. Olivier Douliery | Abaca | Sipa via AP Images President Donald Trump
Crystal Lagoons is building man-made, Caribbean-like lagoons with white sandy beaches and water sports, away from the actual coasts of the U.S. It is a multinational company that has developed and patented new technologies, allowing it to build and maintain crystal clear lagoons of unlimited sizes at a low cost. 01:51 an hour ago
Charles Munger David A. Grogan | CNBC Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, issued a dire warning about the future on Wednesday. “I think there are lots of troubles coming,” he said at the Los Angeles-based Daily Journal annual shareholders meeting. “There’s too much wretched excess.” Munger —
In 2019, XRP did not have a particularly great year despite the bull run in many cryptocurrencies, and much of the blame for this was laid at the door of Ripple. However, the company has made a range of important deals in recent times, and it signed another one on Tuesday. Ripple for Remittances The