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Why is Puerto Rico more than $70 billion in debt?

  • Why is Puerto Rico more than $70 billion in debt? Why is Puerto Rico more than $70 billion in debt? 2:21
    Is Trump's Push to Cut Foreign Aid a Policy Mistake? Is Trump's Push to Cut Foreign Aid a Policy Mistake? 2:58
1:30 p.m. Oct. 13, 2019 - By Quentin Fottrell
My husband sponsored me to move to the U.S., but he kept a $200K windfall and insists I pay all the bills ‘We went to couple’s counseling and decided to stay together, but his lies and deception have taken a toll on our marriage’‘We went to couple’s counseling and decided to stay together, but his lies and deception have taken a toll on our marriage.’
6:12 a.m. Oct. 12, 2019 - By Catey Hill
‘To hell with it’: She ditched Canada at 56 for Belize, where a couple can get ‘everything you could imagine’ for under $50,000 a year She moved to a beautiful, laid-back island in 2013 — and now, for a surprising reason, she’s returning to North AmericaShe moved to a beautiful, laid-back island in Belize in 2013. Here’s the surprising reason she’s returning to North America.
11:13 a.m. Oct. 9, 2019 - By Ciara Linnane
AT&T sells Puerto Rico and U.S. Virgin Island assets to Liberty Latam in $1.95 billion deal AT&T says shareholders can expect share buybacks to ‘be in the mix’ in the fourth quarter as it works to pay down debtAT&T said Wednesday it is selling its wireless and wireline operations in Puerto Rico and the U.S. Virgin Islands to Liberty Latin America, in a cash deal valued at $1.95 billion that will help the telecommunications and entertainment company pay down debt.
8:46 a.m. Oct. 9, 2019 - Barrons.com
AT&T’s Latest Deal Puts It Closer to a Stock Buyback The company said it is selling assets in the U.S. Virgin Islands and Puerto Rico for nearly $2 billion to Liberty Latin America.
8:38 a.m. Oct. 9, 2019 - By Michael Magers
Cuban Art Has Its Moment in the SpotlightAuction houses and galleries are starting to feature the island’s artists—and prices are on the rise
11:45 a.m. Oct. 7, 2019 - Associated Press
Judge ‘could not refuse’ Amber Guyger when she asked for a hug Amber Guyger says she mistook neighbor Botham Jean’s apartment for her own and fatally shot him in his living room—Guyger was sentenced to 10 years in prisonAmber Guyger says she mistook neighbor Botham Jean’s apartment for her own and fatally shot him in his living room—Guyger was sentenced to 10 years in prison.
8:08 a.m. Oct. 3, 2019 - Associated Press
Amber Guyger hugged by Botham Jean’s brother after receiving 10-year sentenceFormer Dallas Police Officer Amber Guyger shot and killed Botham Jean, an unarmed 26-year-old neighbor in his own apartment last year.
11:18 a.m. Oct. 1, 2019 - Associated Press
Jury convicts ex-police officer Amber Guyger who fatally shot an unarmed neighbor in his apartment Guyger shot and killed Botham Jean after mistaking his apartment for her ownGuyger shot and killed Botham Jean after mistaking his apartment for her own.
6:50 a.m. Sept. 27, 2019 - Barrons.com
Carnival Stock Gets Downgraded by UBS The latest blow to the cruise-line operator came a day after its stock sold off by 8% due to concerns about its latest earnings results
8:51 a.m. Sept. 26, 2019 - Barrons.com
Carnival Stock Is Sinking After the Company Trimmed Its Guidance Carnival stock was selling off sharply following the release of the cruise operator’s latest earnings results.
Royal Caribbean's stock drops 2.0%, Norwegian Cruise shares fall 3.3% after Carnival's downbeat outlook
7:39 a.m. Sept. 26, 2019
10:30 a.m. Sept. 24, 2019 - Associated Press
Puerto Rico hit with 6.0 magnitude earthquake The earthquake scared many from their sleep, but no damage was immediately reportedThe earthquake scared many from their sleep, but no damage was immediately reported.
11:08 a.m. Sept. 23, 2019 - Barrons.com
Thomas Cook’s Demise Could Be Good for Travel Stocks The travel firm’s sudden liquidation could boost airlines, cruise lines, and other travel firms.
7:29 a.m. Sept. 23, 2019 - Barrons.com
Carnival Cruises to See Modest Benefit After Collapse of Thomas Cook, Analysts Say The fallout from the liquidation of U.K.-based Thomas Cook Group “could be a modest near-term positive” for the Carnival cruise operator, according to a research note.
6:46 a.m. Sept. 23, 2019 - By Ben Hurley
The Allure of Owning an Australian IslandThe country’s stunning coastline has a range for sales
12:19 p.m. Sept. 20, 2019 - Barrons.com
Muni Bonds Face Climate Change. And Investors Are Ignoring the Risks. Municipal bonds are supposed to be a haven. But climate change is threatening many issuers—and investors. What to watch.
5:19 a.m. Sept. 20, 2019 - By Catey Hill
He moved to America at 20 with just $400, and retired at 53 to sail the world — here’s how he did it Want to retire early? Atlanta residents Mark Erdos and his wife Cindy have some sage adviceWant to retire early? Atlanta residents Mark Erdos and his wife Cindy have some sage advice.
7:42 p.m. Sept. 18, 2019 - Associated Press
Hurricane Humberto lashes Bermuda as other storms threaten Mexico, Texas, Caribbean Bermuda orders everyone off the streets as Category 3 hurricane hitsPowerful winds from Hurricane Humberto began hitting Bermuda on Wednesday as the government urged people to stay off the streets during the British territory’s close brush with the powerful Category 3 storm. And another growing storm threatened tourist resorts along Mexico’s Pacific.
4:39 a.m. Sept. 17, 2019 - By Nigam Arora
A jump in oil prices is creating trading opportunities in these investments Historically, disruptions like this cause big price swings that eventually reverse themselvesHistorically, disruptions like this cause big price swings that eventually reverse themselves.
8:26 a.m. Sept. 16, 2019 - By Tomi Kilgore
Cruise ship stocks fall as drawn-out spike in oil prices could act as a drag on earningsShares of cruise ship operators slumped in midday trading Monday, amid concerns that could act as a drag on earnings. Carnival Corp.'s stock fell 2.6%, Royal Caribbean Cruises Ltd. shares lost 1.3% and Norwegian Cruise Line Holdings Ltd. shares dropped 2.2%, all underperforming the S&P 500's 0.5% decline. Crude oil futures shot up 11.5% after on Saudi Aramco's Abqaig oil processing plant. Instinet analyst Harry Curtis said the impact on earnings for cruise operators depends on how long it takes to get full production at the oil processing plant up and running. He estimates a sustained 10% jump in oil prices could cut annual earnings for Carnival by 24 cents a share, Royal Caribbean by 17 cents a share and Norwegian by 9 cents a share. "If the production gap is filled within days rather than weeks or months, then we believe close-in weakness in the stocks...should be viewed as a buying opportunity, much like the temporary impact of hurricanes," Curtis wrote in a note to clients.
6:50 a.m. Sept. 16, 2019 - Barrons.com
Saudi Oil Attacks Could Weigh on Cruise Stocks The attacks are a short-term headwind for U.S. cruise-ship operators, but the impact could be more severe if disruption lasts weeks or months, says Nomura Instinet. The major cruise operators—Carnival, Royal Caribbean Cruises, and Norwegian Cruise Line Holdings—were swimming in red on Monday morning.
1:30 p.m. Sept. 13, 2019 - By Brent Crane
Great Escapes: The Unspoiled, Rugged Beauty of DominicaThe Caribbean island is known less for its beaches than its geological wonder
9:48 a.m. Sept. 13, 2019 - Associated Press
Another potential tropical storm is moving towards the Bahamas—the same area devastated by Hurricane Dorian Forecasters say the system could become a tropical storm within the next day or twoForecasters say the system could become a tropical storm within the next day or two.
8:14 a.m. Sept. 13, 2019 - By Ellie Ismailidou
Why is Puerto Rico more than $70 billion in debt? Puerto Rico now has more than $70 billion in debt - and President Trump wants to wipe it out. But why does Puerto Rico owe so much in the first place? And what can the territory do now?
11:37 a.m. Sept. 12, 2019 - Barrons.com
Chief Executives Urge Senate to Pass New Gun Laws In a letter, chief executives at dozens of companies ask senators to pass legislation requiring background checks.
3:37 p.m. Sept. 8, 2019 - Associated Press
Dorian pounds eastern Canada with hurricane-force winds Storm knocks out power in Newfoundland after causing at least 50 deaths stretching to CaribbeanThe storm that already walloped the Virgin Islands, Bahamas and North Carolina lashed at far-eastern Canada with hurricane-force winds for much of Sunday, knocking out power to hundreds of thousands of people before beginning to weaken late in the day.
3:10 p.m. Sept. 8, 2019 - Associated Press
Head of MIT’s Media Lab resigns over ties to Jeffrey Epstein Joi Ito tried to conceal extend of fundraising relationship, report foundThe director of a prestigious research lab at the Massachusetts Institute of Technology resigned Saturday, and the school’s president ordered an independent investigation amid an uproar over the lab’s ties to disgraced financier Jeffrey Epstein.
5:22 a.m. Sept. 7, 2019 - Associated Press
‘Hour of darkness’ for Bahamas; 43 dead, with toll to riseSearch and rescue teams are still trying to reach some Bahamian communities isolated by floodwaters and debris after Hurricane Dorian, while the official death toll has risen to 43 and is likely to increase even more, top officials said.
11:15 a.m. Sept. 4, 2019 - By Rachel Koning Beals
Where the 2020 Democrats stand on climate change From no drilling to carbon pricing and going bigger than Paris, here’s what Warren, Buttigieg, Harris and others are proposing ahead of first-ever ‘climate crisis’ forumThe roughly 20 Democratic hopefuls for the 2020 presidential race align on rejoining the Paris Climate Agreement, protecting federal lands and supporting renewable energy, but their paths to get there differ.
6:39 a.m. Sept. 3, 2019 - Barrons.com
Cruise Stocks Slip as Hurricane Dorian Is Expected to Dent Earnings Hurricane Dorian is expected to nick the 2019 earnings of three major U.S. cruise operators by 5 cents a share, according to a research note out Tuesday.
12:42 a.m. Sept. 3, 2019 - Associated Press
Deadly Dorian pounds relentlessly at Bahamas At least five people died, and 21 injured people were airliftedHurricane Dorian came to a catastrophic daylong halt over the northwest Bahamas, flooding the islands of Abaco and Grand Bahama with walls of water that lapped into the second floors of buildings, trapped people in attics and drowned the Grand Bahama airport under 6 feet of water. At least five people died and 21 injured people were airlifted to the capital by the U.S. Coast Guard, Bahamas officials said.
1:17 a.m. Sept. 2, 2019 - Associated Press
Record-setting Hurricane Dorian keeps pounding north BahamasIn a slow, relentless advance, a catastrophic Hurricane Dorian kept pounding at the northern Bahamas early Monday, as one of the strongest Atlantic storms ever recorded left wrecked homes, shredded roofs, tumbled cars and toppled power poles in its wake.
1:02 p.m. Aug. 30, 2019 - By Jacob Passy
How Hurricane Dorian is affecting flights, cruises and theme parks in Florida Travelers should start to consider rebooking planned tripsTravelers should start to consider rebooking planned trips.
6:49 a.m. Aug. 30, 2019 - By Casey Farmer
A Picturesque Estate on a UNESCO World Heritage Site in Saint LuciaThe four-villa compound overlooks the Caribbean Sea
7:56 p.m. Aug. 29, 2019 - Associated Press
Florida braces for potentially catastrophic landfall by Hurricane Dorian Landfall expected this weekend somewhere over a 500-mile stretchFlorida residents picked the shelves clean of bottled water and lined up at gas stations Thursday as an increasingly menacing-looking Hurricane Dorian threatened to broadside the state over Labor Day weekend.
11:45 a.m. Aug. 29, 2019 - By Joy Wiltermuth
Hurricane Dorian puts around $800 million of Caribbean property debt in crosshairs Fannie, Freddie give impacted homeowners a grace periodCaribbean islands get a pass from the brunt of storm, but Hurricane Dorian is gathering strength and threatens to reach Florida over the Labor Day weekend as a powerful Category 4 storm.
7:25 p.m. Aug. 28, 2019 - Associated Press
Puerto Rico spared as Hurricane Dorian gains strength, bears down on Florida Storm could grow into a dangerous Category 3 as it pushes northwestHurricane Dorian caused limited damage in the northern Caribbean as it left the region and gathered strength late Wednesday, setting its sights on the U.S. mainland as it threatened to grow into a Category 3 storm.
12:14 a.m. Aug. 28, 2019 - Associated Press
Storm Dorian expected to strengthen, could hit Puerto RicoTropical Storm Dorian threatened Puerto Rico with a direct hit on Wednesday, as forecasters said it made a last-minute shift in its path and could reach near-hurricane strength in its approach to the U.S. territory.
5:10 p.m. Aug. 27, 2019 - Associated Press
Trump administration shifting disaster funds to border-detention programs Millions taken away from FEMA, Coast Guard just as hurricane season ramps up; Pelosi calls move ‘stunningly reckless’The Department of Homeland Security is moving $271 million from other agencies such as FEMA and the Coast Guard to fund immigration detention beds and support its policy forcing asylum seekers to wait in Mexico.
7:59 a.m. Aug. 27, 2019 - By Michael Brush
Five dividend stocks to buy because insiders love them The most knowledgeable insider executives are putting up their own cash to buy more shares of Carnival, J.P. Morgan, Lowe’s and two othersThe most knowledgeable insider executives are putting up their own cash to buy more shares of Carnival, J.P. Morgan, Lowe’s and two others.
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