Puerto Rico Governor Pedro Pierluisi appointed Francisco Rodríguez Dosal as executive director of the Puerto Rico Highways Transportation Authority Monday. The authority’s debt is currently in Title III bankruptcy as part of the Puerto Rico Oversight, Management, and Economic Stability Act. The HTA has about $6 billion of debt outstanding, most of it bond debt.
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) - Gold and silver futures prices are moderately higher in early U.S. trading Monday. The safe-haven metals are catching a bid to
President-Elect Biden just proposed that $10,000 of student debt be forgiven for each borrower. This sounds generous but is actually just the opening bid in a… by John Rubino of Dollar Collapse Incoming president Joe Biden just proposed that $10,000 of student debt be forgiven for each borrower. This sounds generous but is actually just
Gilead Sciences raised its full-year 2020 profit forecast on Monday fueled by demand for its remdesivir treatment during the COVID-19 pandemic. Shares rose 1.2% in early morning US trading. Gilead (GILD) noted that the updated guidance was based on preliminary fourth quarter 2020 results, which are scheduled to be released in the coming weeks and
Take a look at some of the biggest movers in the premarket: Twitter (TWTR) – Twitter shares are falling sharply in premarket trading after the company permanently suspended President Donald Trump’s account. Twitter said it took the action due to the risk of further incitement of violence. Shares of Twitter were down 6.7% in premarket
by Michael Snyder I have never seen as much anger in the United States as I am seeing right now, and that greatly saddens me. No matter what happens, we should always love one another. Unfortunately, most Americans on both sides of the political spectrum are seething with hate right now. Leading up to the
The chartered financial analyst (CFA) is one of the more frequently sought after designations for investment professionals. However, becoming a CFA charter holder is not for the faint-hearted nor the uninterested. The journey to becoming a CFA charter holder is long, and it tests not only knowledge of the subject but also endurance, diligence, and
China condemned the US decision to ease restrictions on diplomatic relations with Taiwan in the waning days of the Trump administration, saying the island was “the most important” part of its relations with Washington. “Any move that harms China’s core interests will be met with China’s resolute counter-strike,” said Zhao Lijian, foreign ministry spokesperson, on
Apparently the US is not in a stock market bubble, but that’s not exactly what the data is saying. This morning, we saw the following from Tobias Levkovich at Citi Research. It’s a chart of his US Panic/Euphoria index, which incorporates multiple indicators to give a reading of current market sentiment in the US. And
China’s efforts to develop a centrally-issued digital currency took a leap forward on Sunday as the state-owned Agricultural Bank of China launched the first digital yuan ATMs. Customers at select branches within the Shenzen region have reportedly begun spending and converting the digital yuan they received as part of China’s “red envelope” lottery, which saw
Spread out over 9.5 acres on three parcels, Valley Heart Ranch is home to orchards and ocean views, … [+] multiple residences and Montecito’s only coffee farm. Riskin Partners Estate Group of Village Properties Sitting between the mountains and the ocean, Valley Heart Ranch is steeped in Santa Barbara farming tradition and boasts the distinction
The Commodity Futures Trading Commission (CFTC) has filed a motion with the New York Southern District Court that seeks heavy penalties against Michael Ackerman, the mastermind of a fraudulent cryptocurrency scheme. According to the motion, the U.S. agency wants the court to order Ackerman to pay $27 million in restitution plus a civil penalty of
Economic Security Planning, Inc. Today’s column addresses questions about taking retirement benefits early before switching to spousal benefits at full retirement age, whether or not to notify Social Security about a change in projected income and when widow’s benefits can be started. Larry Kotlikoff is a Professor of Economics at Boston University and the founder
In the midst of the COVID-19 pandemic, South Carolina is coming to market with $182.355 million of high-quality tax-exempt general obligation bonds. The state will competitively sell the GOs in three separate offerings of refundings and new money on Wednesday. South Carolina GOs have been trading about three basis points above Refinitiv Municipal Market Data’s
TipRanks 3 Monster Growth Stocks That Could Reach New Highs Investors have a clear task ahead: find the stocks that will rise with an approaching bull market. Past performance, of course, is no guarantee of future gains, but the stocks that have achieved swift growth in recent months are a logical place to start looking
All the tricks to hide our unaffordable cost structure have reached marginal returns. Reality is about to intrude... by Charles Hugh Smith via Of Two Minds All the tricks to hide our unaffordable cost structure have reached marginal returns. Reality is about to intrude. There is much talk of tyranny in the political realm, but little is
Shares of Cardtronics closed 15.1% higher on Friday after the non-bank automated teller machine (ATM) operator received a higher buyout offer from an unnamed third party. Cardtronics (CATM) said that the third party has proposed to buy all of its common stock for $39 per share. Shares last closed at $41.08. The offer comes after
by Charles Hugh-Smith If we have indeed begun a sustained “reversal of fortune”, it might be prudent to consider the possibility we’re only in the first inning of a sustained run of back luck. In our self-deluded hubris, we reckon we’ve moved beyond the influence of fortune, a.k.a. Lady Luck: our technologies are so powerful and
You may have heard that a home equity line of credit (HELOC) is a convenient, flexible, and low-cost way to borrow money. All these statements can be true if you manage your HELOC prudently. Taking out a HELOC, rather than a home equity loan, means that you are only paying interest on the amount of
Human resources executives at Hwa Meei Optical are working overtime. The Taiwanese sunglasses and goggles maker is looking to hire 30 workers, many of them urgently, for a new factory. Having based most of its production in China for more than two decades, Hwa Meei is now expanding at home. A new plant in Taiwan,
The UK reported more than 1,300 deaths from Covid-19 on Friday, the highest daily figure since the pandemic began. Sadiq Khan, London’s mayor, said the spread of Covid-19 in London was “out of control”, adding that in some parts of the city one in every 20 people has been infected with the disease. Indonesia has
2021 got off to a quick start and the current crypto bull market has seen assets like Bitcoin (BTC) and Ether (ETH) shoot to new all-time highs on an almost daily basis. While new price highs are positive for investors, they do present a range of challenges relating to fees, transaction speeds and the centralization
Clinton Kelly is HGTV’s newest host. Getty Images HGTV’s newest show has an extra dose of style and a whole lot of inspiration. Self-Made Mansions, which premiers January 8th at 8:00 pm features lifestyle expert and former co-host of ABC’s The Chew and TLC’s What Not To Wear Clinton Kelly helping to guide entrepreneurs in their search for the perfect home.
Mad Money host Jim Cramer has some advice on how to invest in bitcoin and when is a good time to sell. He said, “I’m a bitcoin believer,” outlining the reasons why he is sold on the cryptocurrency and why people are buying bitcoin instead of gold. Jim Cramer’s Advice on Investing in Bitcoin Jim
Yellow paper with text 2021 tax laws,concept getty Plan Now With the results of the Georgia runoff election in the Democrats Control the House, the Senate and the White House. So, the potential for harsh tax legislation increasing taxation of the wealthy, along the lines of prior Democratic proposals, might be likely to happen. What
Oklahoma’s gross receipts to the Treasury fell 3.8% in 2020 amid the coronavirus pandemic, high unemployment and falling oil prices, state Treasurer Randy McDaniel said. The report comes a month before lawmakers meet in Oklahoma City to allocate $8.46 billion in spending for the fiscal year that begins July 1. Collections from all sources in
Gold Rate on 10 January 2021: Rates of gold have declined for second consecutive day on Sunday. The price of gold on MCX is Rs 51,519 per ten 10 grams with a fall of Rs 1,290 today. Also Read – Gold Price Today Shows Big Decline. Details Here Rate for 22-carat gold in Delhi is
Speaking at the end of a joint session of Congress, Vice President Mike Pence confirmed that Biden’s term will begin on January 20. A group of… by Mac Slavo of SHTFplan The mayor of Washington D.C., Muriel Bowser has extended the emergency order put in place ahead of yesterday’s chaos until after inauguration day. Bowser
Appian shares closed up 4.4% on Friday after the company announced that it has joined Accenture’s INTIENT partner ecosystem. The collaboration is expected to improve the ecosystem’s digital innovation and optimize its business outcomes, ultimately benefitting customers and patients. Appian’s (APPN) platform provides a single interface that uses artificial intelligence to automate routine tasks and
by Patrick Hill Five Forces Driving the 2021 Economy Social, cultural, and behavioral patterns create economic forces evident in the buying and selling of goods and services. The pandemic shocked demand and supply channels of the real economy causing social, relationship, geographic and financial dislocations. These dislocations have changed social behavior, desires, relationships, and expectations