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Puerto Rico

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  • Puerto Rico's economic activity hits 20-year low Monday, 29 Sep 2014 | 10:42 AM ET
    A general view of a power station of Puerto Rico Electric Power Authority, in San Juan, March 24, 2014.

    Puerto Rico's economic activity has slumped to its lowest level in two decades, according to an index released by the commonwealth's Government Development Bank.

  • Hedge fund sues Puerto Rico over new bond law Tuesday, 22 Jul 2014 | 3:32 PM ET
    Capitol building in San Juan, Puerto Rico

    A big New York investment firm isn't happy that Puerto Rico has made it easier for some public companies to restructure their debts.

  • Puerto Rico electric authority in deal with lenders Monday, 7 Jul 2014 | 2:04 PM ET
    A general view of a power station of Puerto Rico Electric Power Authority, in San Juan, March 24, 2014.

    Under the agreement with the creditors, Puerto Rico Electric Power Authority may delay certain payments currently due until July 31.

  • Puerto Rico debt slumps on downgrades, new law Friday, 27 Jun 2014 | 4:57 PM ET
    Signs of economic depression are visible in the Condado neighborhood of San Juan, Puerto Rico.

    Puerto Rico public corporation debt slumped after a new law that allows agencies to restructure their debts sparked fears of an imminent default.

  • Puerto Rico debt slumps  Friday, 27 Jun 2014 | 2:30 PM ET

    CNBC's Michelle Caruso-Cabrera reports debt issued by some Puerto Rico public agencies has slumped after a downgrade from Moody's.

  • Paulson's bet on a 'Singapore of the Caribbean' Friday, 25 Apr 2014 | 10:19 AM ET
    San Juan, Puerto Rico.

    John Paulson believes the island will become the Singapore of the Caribbean.

  • Summer travelers planning bigger, longer vacations Thursday, 17 Apr 2014 | 4:19 PM ET
    The Magic Kingdom park at Walt Disney World Resort.

    Early numbers show travelers are looking to book bigger and better vacations as soon as the weather warms up.

  • Puerto Rico finance agent taps Cleary Gottlieb Monday, 7 Apr 2014 | 5:31 PM ET
    A vacant building in the Santurce neighborhood of San Juan, Puerto Rico.

    Puerto Rico's finance arm recently hired lawyers at Cleary Gottlieb as the island struggles with a weakened economy, The Wall Street Journal reported Monday.

  • Yellen's biggest challenge is rising rates: Expert  Wednesday, 19 Mar 2014 | 7:08 AM ET

    Jeffrey Rosenberg, BlackRock's chief investment strategist for fixed income, shares his thoughts on the future path of the Fed's interest-rate policy.

  • 28 attorneys general urge retailers to drop tobacco Monday, 17 Mar 2014 | 4:12 PM ET

    Attorneys general is 28 states urged Wal-mart and four other retailers to stop selling tobacco products. They said they should not be sold in health stores.

  • FINRA puts hold on investors' Puerto Rico claims Wednesday, 12 Mar 2014 | 4:05 PM ET
    Signs of economic depression are visible in the Condado neighborhood of San Juan, Puerto Rico on Tuesday, November 19, 2013.

    Investors who claim they were burned by investments in closed-end Puerto Rico bond funds will have to wait for any resolution.

  • Who bought Puerto Rico's debt?  Tuesday, 11 Mar 2014 | 4:36 PM ET

    The U.S. Commonwealth borrowed $3.5 billion in one of the largest junk-rated municipal bond offerings ever. Treasury Secretary of Puerto Rico Melba Acosta, and Puerto Rico Government Development Bank Chair David Chafey, discusses the bigger offering than expected.

  • The risks of buying Puerto Rico's bonds  Tuesday, 11 Mar 2014 | 1:06 PM ET

    Discussing Puerto Rico's municipal bond troubles, with Robert DiMella, MacKay Municipal Managers.

  • Puerto Rico's new bonds  Tuesday, 11 Mar 2014 | 1:02 PM ET

    CNBC's Michelle Caruso-Cabrera reports Puerto Rico is going to borrow $3.5 billion to address its liquidity crisis.

  • Detroit-Puerto Rico parallels  Tuesday, 11 Mar 2014 | 1:00 PM ET

    Puerto Rico should pay attention to lessons learned from Detroit bankruptcy, says CNBC's Jeff Cox

  • Puerto Rico to borrow $3 billion  Monday, 10 Mar 2014 | 1:56 PM ET

    CNBC's Michelle Caruso-Cabrera reports Puerto Rico is set to borrow $3 billion to stem off its liquidity crisis.

  • Maybe Puerto Rico needed trip to bond junkyard Monday, 10 Mar 2014 | 7:00 AM ET
    A Cartier store in San Juan, Puerto Rico.

    Despite downgrades and fiscal woes, now could be the time for investors to get in on Puerto Rico, says YPO member Francisco De Armas.

  • Puerto Rico bonds do the unexpected: Rally Wednesday, 26 Feb 2014 | 6:28 PM ET
    Signs of economic depression are visible in the Condado neighborhood of San Juan, Puerto Rico on Tuesday, November 19, 2013.

    The $3.7 trillion US municipal bond market has been stunned by what would have been unthinkable a few months ago: Puerto Rico debt is rallying.

  • There's 'great opportunity' in Puerto Rico: Pro Wednesday, 19 Feb 2014 | 11:43 AM ET
    A vacant building in the Santurce neighborhood of San Juan, Puerto Rico.

    The risk-reward calculation in bonds issued by the cash-strapped island leans favorable, said Paul Twitchell of Whitebox Advisors.

  • Inside Whitebox's black box: Puerto Rico  Wednesday, 19 Feb 2014 | 8:06 AM ET

    Paul Twitchell of Whitebox Advisors talks about trading in Puerto Rico bonds. In the long run, he said, it's a pretty good buying opportunity.