Virginia Beach recently entered the municipal bond market to secure funding for a surf park development project supported by Pharrell Williams. The Virginia Beach Development Authority successfully priced approximately $189 million in debt, with the bond proceeds going towards the construction of various facilities for the Atlantic Park project. This includes a 3,500-person entertainment venue,
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In an exciting development, Penguiana’s presale for their penguin-themed Solana meme coin has reached a significant milestone, surpassing 1,500 SOL. This achievement highlights the growing interest and enthusiasm surrounding Penguiana within both the crypto and meme coin communities. The project draws inspiration from the playful and communal nature of penguins, aiming to offer more than
The recent exit of unprofitable bitcoin miners from the network following the halving has come as a relief to those who remain. This exodus has made it less expensive to produce a single bitcoin. However, the profitability of miners heavily depends on the price of bitcoin, which is currently facing various near-term challenges. According to
The U.S. dollar has seen a slight increase in value in European trade, despite facing a significant weekly fall due to cooling inflation and weak retail sales. The Dollar Index, which tracks the greenback against a basket of six other currencies, is currently trading 0.2% higher at 104.580. This comes after a period of decline
Chinese authorities have recently announced new measures to support state-owned enterprises in buying unsold apartments, aimed at providing more funding for developers to complete construction on pre-sold properties. This support marks Beijing’s latest effort to address issues in the massive real estate sector. The central bank of China has pledged to provide 300 billion yuan
In a move to tap into changing consumer behavior and preferences, Walmart is leveraging its grocery aisles to offer customers a more affordable meal option compared to traditional fast–food chains. The rising costs of eating out have prompted consumers to look for alternative dining options that are more budget-friendly. As a result, Walmart has seen
Dan Loeb’s Third Point hedge fund made significant moves in the technology sector during the first quarter of the year, signaling a high level of confidence in further gains. The fund opened a stake valued at over $450 million in Alphabet, while also increasing positions in Amazon and Meta Platforms. These strategic investments reflect Loeb’s
Under Armour, the athletic apparel retailer, has been facing some major challenges with a significant drop in sales in its largest market, North America. Sales plummeted by 10%, leading to a prediction of even worse trends in the current fiscal year. Additionally, the company witnessed a staggering decline in profits, with a more than 96%
After a lengthy period of negotiations and multiple short-term extensions, the House passed a bipartisan $105 billion Federal Aviation Administration (FAA) bill. The approval came just in time, as the agency‘s spending was set to run out two days later. This bill, with a 387-26 vote, includes a substantial increase in the Airport Improvement Program
In a recent announcement on May 16th, 2024, Netki unveiled the launch of their new compliance oracle, DeFi Sentinel, on the Sui blockchain. This integration is a significant step forward in automating compliance processes within decentralized finance (DeFi) protocols, ultimately relieving developers of the burden of navigating complex regulatory landscapes. With the increasing demand for