In the bustling city of Hong Kong, a groundbreaking project is taking shape as Zeek announces the completion of a USD 3M seed funding round. This ambitious endeavor has attracted investments from industry giants such as OKX Ventures, Animoca Brands, and Mask Network. Zeek is set to disrupt the world of SocialFi by introducing innovative
funding
The proposed extension of the Brightline train to Tampa has recently received a vote of confidence from a coalition of planning and transportation organizations. This extension comes after the successful sale of $925 million in high-yield municipal bonds to finance the project. The Suncoast Transportation Planning Alliance and Central Florida Metropolitan Planning Organization Alliance, representing
The municipal bond market has been experiencing steady trading in the secondary market, with a strong emphasis on heavy new issuance. While U.S. Treasury yields fell and equities experienced an upward trend, the primary market was particularly active, highlighted by substantial deals and repricings. This article aims to delve into the current landscape of municipal
The municipal market has been experiencing firmness ahead of an expected uptick in issuance next week. This comes as U.S. Treasury yields have seen a slight decline and equities have ended on a mixed note. Barclays strategists Mikhail Foux and Clare Pickering have pointed out that the rally in USTs has been supported by softer
The municipal bond market showed signs of strength on Thursday, with firmer municipals following a robust U.S. Treasury session. Equities, however, closed with mixed results. Triple-A yields experienced a decline of one to five basis points, while USTs saw gains of seven to nine basis points. This movement led to a slight increase in muni
Houston’s city council recently approved the issuance of $650 million in general obligation judgment bonds as part of a proposed settlement with the firefighters union. The settlement aims to resolve an eight-year contract impasse and litigation that has been ongoing in Harris County District Court. Mayor John Whitmire has been a driving force behind this
The Government Finance Officers Association’s Washington, D.C. team is gearing up for some significant changes ahead of the upcoming high-stakes national election. With the anticipation of a shift in Congressional complexion and possibly even a new administration, the team is strategically planning for the future. They understand the importance of planting the seeds of municipal
The U.S. Department of Transportation recently made significant amendments to the Transportation Infrastructure Finance and Innovation Act (TIFIA) program. These changes, outlined in the 2021 Infrastructure Investment and Jobs Act (IIJA), aim to provide clarity on interest rates for longer-term loans and expand eligibility criteria for projects. The TIFIA program, established in 1998, plays a
The tax measure backed by Sen. Scott Wiener and Sen. Aisha Wahab to provide funding for San Francisco regional transit providers, including the Bay Area Rapid Transit District, was recently pulled amid opposition. The bill, known as Senate Bill 1031, was approved in the Senate with a vote of 26-10 on May 31. However, the
Nayib Bukele has embarked on his second term as President of El Salvador with a bold vision for the country’s economic future. Building on the groundbreaking move to adopt Bitcoin as legal tender in September 2021, Bukele and his advisor Max Keiser have outlined ambitious plans to further integrate cryptocurrency into the nation’s financial system.