San Francisco officials are seeking voter approval of $487.5 million general obligation bonds to address the city’s COVID-19-related economic downturn and longer-term health-, housing- and poverty-related challenges. The city’s board of supervisors on Tuesday unanimously approved sending the “Health and Recovery” bond ballot to voters to decide in November. Mayor London Breed introduced the proposal
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An investor advocacy group that counts some of the largest US asset managers among its members has lambasted companies that are ignoring losses resulting from the coronavirus pandemic when calculating cash flows for the purposes of credit agreements.  The practice — which has become known as ebitdac, or earnings before interest taxes, depreciation, amortisation and
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Elon Musk’s Twitter account was apparently hijacked today following a series of attacks on cryptocurrency-related accounts, including major exchanges such as Binance, and U.S.-based Coinbase, and Gemini. Other handles compromised included the @Bitcoin Twitter account. Musk’s account pinned a tweet to his feed at 4:17pm ET which suggested that the entrepreneur would double any Bitcoin
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Buildings should be of their time, not rigidly classically styled. Universal Images Group via Getty Images The American Institute of Architects (AIA) strongly supports legislation proposed today that would thwart an anticipated Executive Order mandating classical architecture as the preferred design style for federal courthouses and other federal properties. The legislation, proposed July 15, 2020
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700,000 Expedia Hotels Can Now Be Paid With Cryptocurrencies via Travala More than 700,000 Expedia Group hotels and accommodations are now available via crypto-friendly travel booking platform Travala. Bookings can be paid with more than 30 cryptocurrencies, including bitcoin. Despite covid-19, Travala saw a 170% increase in booking revenue from its … read more. Encryption
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The deferral period ends once guaranteed lifetime distributions commence. We have entered the distribution period. Guaranteed income will be set using an age-based guaranteed withdrawal or payout percentage rate applied to the value of the benefit base. The guaranteed withdrawal rate multiplied by the benefit base sets a guaranteed distribution amount supported for life, even
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Alamos Gold said on Tuesday it will be proceeding with a 2,000 tonnes per day expansion after a positive Phase III Expansion Study conducted on its Island Gold mine, located in Ontario, Canada. The company forecasts an average annual gold production of 236,000 ounces per year starting in 2025 upon completion of the shaft. The
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Take a look at some of the biggest movers in the premarket: Moderna (MRNA) – The drugmaker’s Covid-19 vaccine candidate produced neutralizing antibodies in all 45 patients involved in an early study, according to newly released data. Those antibodies were similar to those seen in patients who have recovered from Covid-19. UnitedHealth (UNH) – The
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The Governing Board of the Virgin Islands Public Finance Authority met Tuesday via videoconference and voted unanimously to execute the term sheets with Banco Popular and First Bank for $60 million in loans to fund government operations. “The revenue anticipation notes will be split with $30 million being loaned by Banco Popular and First Bank
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We publish unbiased product reviews; our opinions are our own and are not influenced by payment we receive from our advertising partners. Learn more about how we review products and read our advertiser disclosure for how we make money. The American Express Membership Rewards program offers credit card users a lot of flexibility for how
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David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs is scheduled to report second-quarter earnings before the opening bell Wednesday. Here’s what Wall Street expects: Earnings: $3.78 per share, a 35% decline from a year earlier, according to Refinitiv. Revenue: $9.75
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Reliance Industries announced that Google planned to invest $4.5bn into its fast-growing digital business Jio Platforms, joining a dozen other international investors including Facebook that have poured a total of $20bn into the group in recent months. Mukesh Ambani, Reliance’s chairman and India’s richest man, said the US tech group would take a 7.7 per
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Few believe paying tax is a “glorious privilege”, as US president Woodrow Wilson once claimed. But earning taxable profits is a rare distinction right now. In the aftermath of the pandemic it may invite higher bills.  True, it is far from certain that global corporate tax rates will rise in order to shore up public
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700,000 Expedia Hotels Can Now Be Paid With Cryptocurrencies via Travala More than 700,000 Expedia Group hotels and accommodations are now available via crypto-friendly travel booking platform Travala. Bookings can be paid with more than 30 cryptocurrencies, including bitcoin. Despite covid-19, Travala saw a 170% increase in booking revenue from its … read more. Encryption
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