The Puerto Rico Oversight Board set out five goals for major changes in 2021 at Friday’s public meeting. Board Executive Director Natalie Jaresko said the board will work to advance audited financial statements, institute structural reforms in Puerto Rico laws and governance, enact fiscal measures, accelerate recovery from recent earthquakes and hurricanes, and respond to
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Although a second stimulus plan is still up in the air, the Federal Reserve is determined to push consumer borrowing costs even lower as the economic recovery takes hold — giving everyday Americans a reason to be optimistic. In addition to holding interest rates near zero, Fed Chairman Jerome Powell said Wednesday the central bank will continue
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The Federal Reserve has given America’s most profitable banks the green light to resume share buybacks for the first quarter of next year, even as it found that the country’s biggest lenders could face pandemic-related loan losses of more than $600bn.  The US central bank’s decision to lift a six-month-old ban on buybacks followed months
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The US commerce department has placed Semiconductor Manufacturing International Corporation on its export blacklist, tightening the screws on China’s biggest chipmaker and ramping up technology tensions with Beijing. The action by the Trump administration will force any American suppliers to SMIC to obtain a US government licence before selling to the company — mirroring the
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Next month, Joe Biden is going confront not only a terrible pandemic but also a pressing economic challenge. And this challenge is unfolding beyond Washington as the sum of thousands of smaller economic challenges being felt in statehouses, county seats, and city halls all across the country. Fortunately, there are tools at hand that President
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Property managers are tasked with taking care of a particular real estate holding’s needs, but these holdings differ by classification. Luxury properties tend to need more care and attention than standard residential properties. As a result, the property managers of these types of real estate need to display a different set of skills altogether. As
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