Puerto Rico's Wrecked Utility Goes Private in Bid to Save Island

Puerto Rico's Wrecked Utility Goes Private in Bid to Save Island

PREPA employees fix power lines in San Juan in 2017. Photographer: Xavier Garcia/Bloomberg. “There's a very real risk that you end up losing a
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China Struggles to Suppress Bubbles in Markets Awash With Money

By submitting my information, I agree to the Privacy Policy and Terms of Service and to receive offers and promotions from Bloomberg. This may all be
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Jumbo rates fall as mortgage market sends mixed signals

The jumbo's fall means high-dollar loan holders are at an advantage when it comes to refinancing or getting a new mortgage these days, though rates
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Reserve Bank wants ability to restrict debt-to-income lending

Reserve Bank wants ability to restrict debt-to-income lending. It's about as surprising as a frustrated Monopoly player throwing the board up in the air.
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LoKation Real Estate buys 170-agent brokerage

Pompano Beach-based LoKation Real Estate has expanded with the acquisition of Venture Realty Group, an Oakland Park-based brokerage with 170
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Fortune Brands Home & Security Inc. stock outperforms market on strong trading day

Shares of Fortune Brands Home & Security Inc. FBHS, +1.18% rose 1.18% to $105.51 Wednesday, on what proved to be an all-around positive
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OCR projected to rise next year; mortgage lending falls in April

The Government's housing reforms have begun to take effect; mortgage lending fell $2 billion month-on-month in April: [READ ON]. Tags: Lending
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Invesco Mortgage Capital Inc. stock outperforms competitors on strong trading day

Shares of Invesco Mortgage Capital Inc. IVR, +2.29% rallied 2.29% to $3.58 Wednesday, on what proved to be an all-around great trading session for
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WhatsApp Sues India Government Over New Internet Rules

In a letter, a copy of which was seen by Bloomberg News, the ministry asked the companies to provide compliance and grievance officials' details and
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Fitch Assigns Expected Ratings to JP Morgan Mortgage Trust 2021-INV1

… which were underwritten to Fannie Mae and Freddie Mac's guidelines and were approved per Desktop Underwriter (DU) or Loan Product Advisor
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Florida avocados face challenges with hot real estate market, disease pressure

Florida avocado growers have seen supply waiver with hot demand for South Florida real estate and from disease pressure. Shipments of Florida
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Russian central bank trains brokerages to identify dubious transactions

That fuelled a copycat trading boom in Europe, raising concerns about so-called “meme stocks” in Russia. The Russian central bank, which has already
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When a woman accidentally spent her bitcoin fortune worth Rs 1.5 crore on dark web

To begin this story on a very easy understandable note, we will first define bitcoin. Bitcoin is a decentralised digital currency, without a single
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Airbnb Took Down My Negative Review. Why?

Opinion. Data. More Data. Get the most important Bloomberg Opinion pieces in one email.
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Sen. Tim Scott chides banks for 'woke capitalism' and Georgia election law efforts

The CEO's of the largest banks in the U.S. were left speechless in testimony before the Senate Banking Committee on Capitol Hill Wednesday when
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A Fortune 500 CEO recruiter shares the one trait to develop if you want to be a corporate leader …

Clarke Murphy is a CEO recruiter and adviser for Fortune 500 companies. He said board rooms are looking for leaders with a high “LQ” or learning
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Kennedy: More affordable, multi-family housing needed in the US

… of single-family affordable lending initiatives at Freddie Mac, a government-sponsored entity that helps supply liquidity to the housing market.
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Investors Bet Billions That Health Care's Long Overdue Digital Shift Is Finally Here

And venture-backed health companies are reaching the public markets: Upstart insurer Bright Health Group, founded in 2015, filed for an initial public
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A Culture of Fear at the Firm That Manages Bill Gates's Fortune

A Culture of Fear at the Firm That Manages Bill Gates's Fortune. At least four employees at the firm, Cascade Investment, complained to Mr. Gates about
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Hearing Before the Senate Committee on Banking, Housing, and Urban Affairs

I joined the bank 17 years ago and became CEO in March. I grew up in a small village in Scotland, but first came to the U.S. in 1987, and I proudly
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