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Hong Kong has ended its four-year reign as the most expensive city globally for expatriates — surpassed by New York which took first place, according to a new survey. ECA International’s latest “Cost of Living” research ranked 207 cities based on a basket of day-to-day goods and services commonly purchased by assignees. That includes food,
Puerto Rico Electric Power Authority bondholders say they are owed $8.5 billion and the timeframe of being able to collect on their claim should continue in perpetuity. That was a central point of contention during Tuesday’s PREPA bond claim estimation hearing during which lawyers for the bondholders and the Oversight Board argued about what the
Fitch Ratings upgraded Jacksonville, Florida, utility JEA’s more than $1.2 billion of water and sewer system debt to AA-plus from AA. The elevated rating applies to $1 billion of water and sewer system senior revenue bonds; $185 million of subordinated revenue bonds; and $28 million of district energy bonds. The outlook is stable. The upgrades
Lloyds Banking Group will seek a sale of the Telegraph Media Group after pushing its parent group into receivership over debts owed by the Barclay family, according to people familiar with the matter. The UK bank has put B.UK, a Bermudian-based holding company that ultimately controls the Telegraph titles and the Spectator magazine, into receivership,
Ben Rains explores the wider stock market to start June as Wall Street officially moves beyond debt-ceiling fears. The episode then dives into three large-cap technology stocks—Intuit Inc. (INTU), Garmin (GRMN), and Paycom Software (PAYC)—with strong histories of outperformance over the last roughly 10 years and solid growth outlooks that are still trading roughly 40%
House Republicans on Tuesday sharply criticized responses from the Federal Reserve and the Department of Treasury, taking the agencies to task for rate hikes that they said damaged the municipal and other markets, thwarted transparency, and cracked the banking system. The comments came during a House Financial Services Committee hearing on Tuesday. The discussions included
A rare Victorian-era home―its gas-lit heyday marked by white-glove soirees―has come to market in San Diego’s Bankers Hill district. The 1889 Queen Anne-style home, with its dome-topped tower, wraparound gingerbread porch, carriage house and impeccably maintained interior is priced at $6.485 million. “This is one of San Diego’s best,” says Bruce Coons, an architecture historian
Fresh off enacting a tax credit program tied to private school education, Oklahoma will directly fund a religious charter school — a move the state’s attorney general called unconstitutional and potentially costly for the state to defend. In a 3-2 vote Monday, the Oklahoma Statewide Virtual Charter School Board approved an application from the Roman
Golf’s US-based PGA Tour and the Saudi Arabia-backed breakaway league LIV have agreed to join forces, ending a long-running feud. The PGA Tour and Riyadh’s Public Investment Fund have agreed to create a jointly managed entity to house their commercial operations, and intend to cease their pending litigation. The European Tour has also signed up
In this article AAPL MKC HQY MBLY Follow your favorite stocksCREATE FREE ACCOUNT Amnon Shashua, president and chief executive officer of Mobileye Global, and Patrick Gelsinger, chief executive officer of Intel Corp., outside the Nasdaq MarketSite during the company’s IPO in New York, US, on Wednesday, Oct. 26, 2022. Michael Nagle | Bloomberg | Getty
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The New York City Housing Development Corp. is coming to market this month with $891.75 million of bonds to help back construction of much-needed new housing projects in the city. The NYC HDC plans to issue $641.75 million of Series 2023A-1, 2023A-2 and 2022G multi-family housing revenue bonds not subject to the alternative minimum tax
An assisted-living complex for low-income senior residents in southern New Jersey has been struggling to make timely monthly loan payments. New Standard Senior Living said construction delays at its Village Drive campus in Millville has impeded its ability to lease units and choked its cash flow, according to a recent regulatory filing. While such holdups
British Airways, Boots and the BBC on Monday confirmed they had been affected by a “cyber security incident” involving their payroll provider which has affected some of the UK’s best-known names. BA said the incident at Zellis, its payroll provider, was the result of a “new and previously unknown vulnerability” in a file transfer tool
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The Opec+ group was locked in talks over a further cut in oil supplies on Sunday as Saudi Arabia and its allies scrambled to prop up the price, but hesitation from weaker African members of the group raised the prospect that no deal may be reached. Saudi Arabia’s energy minister Prince Abdulaziz bin Salman, Opec’s
A rarie estate in the Ortega Ranch neighborhood of Montecito makes the most of California’s sunny skies with wide-lens views of the Pacific Ocean that span the horizon. One of only 14 homes in the private enclave, the newly renovated home sits on about 5 acres of lushly landscaped grounds. Quiet roads, access to a
In this article JACK CELH TFII-CA UAL PRTS CZR LOVE FIVE SAIA DSKE Follow your favorite stocksCREATE FREE ACCOUNT A man carrying a box leaves a Deutsche Bank office in London, Britain July 8, 2019. Simon Dawson | Reuters Despite the disruption from the pandemic, the services sector has continued to grow over the past
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In this article NRG Follow your favorite stocksCREATE FREE ACCOUNT Vm | E+ | Getty Images Company: NRG Energy (NRG) Business: NRG Energy is an integrated power company involved in producing and selling electricity and related products and services to residential, commercial, industrial and wholesale customers. It generates electricity using natural gas, coal, oil, solar,