Infrastructure projects delivered as public-private partnerships have so far been protected from punishing construction cost increases because the contractors are legally on the hook for cost overruns and have been healthy enough to absorb the blows. But inflation, coupled with material and labor shortages, are prompting some contractors to exit the space, and accelerating a
Bitcoin (BTC) has been witnessing a tough battle between the bulls and the bears near the $25,000 level. A clear winner may not emerge in the short term due to a lack of a catalyst and because there is no major macro economic data scheduled for this week in the United States. Data points from
Activist investor Dan Loeb is agitating for sweeping changes at Disney, including a shake-up of its board, a spin-off of the sports television network ESPN and aggressive cost-cutting after rebuilding a stake in the entertainment and media group. The head of the Third Point hedge fund also recommended that the company take full control of
In this article MRO GILD FCX MRNA Disney World celebrated its 50th anniversary in April 2022. Aaronp/bauer-griffin | Gc Images | Getty Images Check out the companies making headlines in midday trading Monday. Poshmark — Shares of the secondhand fashion retailer jumped 15% after Barclays upgraded them to overweight from equal weight. The firm said it sees
sponsored .bit (did.id) has raised $13 million to build a cross-chain decentralized identity protocol. The Series A round, completed one year after the startup’s launch, was from CMB International, HashKey Capital, QingSong Fund, GSR Ventures, GGV Capital, and SNZ. .bit’s open-source blockchain protocol will provide permissionless decentralized identification for individual users and DAOs. Over the
Municipal bond issuance in the Southwest shrank in the first half of 2022, while in Texas some big Wall Street banks dropped out of the top underwriter rankings in the wake of two state laws restricting access to government contracts. In the first six months, municipal bond issuers in the eight-state region sold $40.8 billion
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments: Oil’s decline is good news We want confirmation that inflation’s peaked Quick mentions: JNJ, LLY, LIN Disney’s real problem is its balance sheet 1. Oil’s decline is good news Stocks
Miami-Dade County, Florida, is getting set to sell almost $480 million of revenue bonds this week to fund some of its transit infrastructure needs. The $479.735 million of Series 2022 transit system sales surtax revenue bonds will go out for bids at 10:30 a.m., ET, on Tuesday. PFM Financial Advisors is the financial advisor. Squire
Britain’s cost of living crisis is deepening by the day. Millions worry about how they will pay their winter heating bills. The UK government, meanwhile, is frozen in inaction as it waits for the result of a two-month, presidential-style campaign to elect the next Conservative party leader and prime minister. The two candidates have sparred
Shiba inu remained close to a three-month high to start the week, after breaking out of a key resistance level over the weekend. The surge of the meme coin came despite the crypto market mostly being in the red on Monday. Another token that rose during today’s bearish session was unus sed leo, which hit
When the UK’s new prime minister forms a government on September 6, he or she will need a rapid plan to address soaring household energy bills this winter. With estimates that the annual average combined gas and electricity bill will rise from £1,971 in the summer to £3,582 at the start of October, and more
If I scatter broken glass on the ground and someone else walks over it and cuts their feet, does it matter “when” they cut their feet? That’s the thought experiment at the start of the philosopher William MacAskill’s forthcoming book, What We Owe The Future. MacAskill’s argument is that harm is harm, whether my littering
A pedestrian uses an umbrella to get some relief from the sun as she walks past a sign displaying the temperature on June 20, 2017 in Phoenix, Arizona. Ralph Freso | Getty Images Heat records are falling around the world this summer, and scientists expect that climate change will make the problem worse in coming
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A worker drills plywood on a single family home under construction in Lehi, Utah, on Friday, Jan. 7, 2022. George Frey | Bloomberg | Getty Images Builder sentiment in the market for single-family homes fell into negative territory in August, as builders and buyers struggle with higher costs. The National Association of Home Builders/Wells Fargo
The president of the Central Bank of Brazil, Roberto Campos Neto, has defended the use of more moderate regulations in the crypto environment. Campos Neto stated that while regulation is indeed necessary, it has to be done in a way that doesn’t stop innovation. He also explained his goal is to connect the digital with
While the amount of debt wrapped by bond insurance fell 6.5% in the first half of the year, the percentage of insured debt gained compared to the first half of 2021. All municipal bond insurers wrapped $18.306 billion in the first half of 2022, a decrease from the $20.842 billion insured in the first six
Throughout the first half of the year, supply has fallen below market participants’ expectations, with the drop in issuance being driven by rising interest rates that have stymied refunding and taxable volumes. Continued market volatility, inflation hitting decade highs, and uncertainty over the Federal Reserve’s policy decisions kept issuers on the sidelines. Total volume in
A new bankruptcy coin report filed on Sunday shows that troubled crypto lender Celsius’ actual debt stands at $2.85 billion against their bankruptcy filing claims of a $1.2 billion deficit. The latest report shows that the company has net liabilities worth $6.6 billion and total assets under management at $3.8 billion. While in their bankruptcy
Heavy competition for a significantly lower volume of municipal bonds drove a sharp decline in overall underwriting spreads to $3.54 in the first half of 2022, the lowest level in 20 years. The latest data from Refinitiv representing the first six months of 2022 underscores what has been a steady and developing trend over the