Jeffrey Gundlach, founder of investment firm DoubleLine Capital, has made a bold recommendation to investors: Buy Puerto Rican general obligation bonds.» Read More
Puerto Rico has for years been dubbed "Greece in the Caribbean" because of high debt levels and a flagging economy.
Standard & Poor's downgraded Puerto Rico's general obligation rating to "CCC+" from "B" in a Monday morning announcement.
Declining oil prices, the U.S. energy revolution and changing relations with Cuba have created new opportunities for energy investment in the Caribbean.
Warehouse giant Costco announced Monday that it has entered into a new credit card program agreement with Citi and an incentive agreement with Visa.
Puerto Rico is not the "Greece of the Caribbean." Its woes are only short-term and its long-term prospects look good, says Ike Brannon.
Investors who already own slipping Puerto Rico bonds may not need to fret if they are insured, a municipal bond expert said.
Many Americans chase yield. Time to buy Puerto Rico bonds? Alexandra Lebenthal, Lebenthal & Company president & CEO, says absolutely not.
Puerto Rico bonds are too risky for the average investor, but for those who want in, here's what to avoid, one muni bond expert said.
A federal judge ruled Puerto Rico's restructuring law aimed to protect the government from bankruptcy illegal. Insight, with Laurence Gottlieb, Fundamental Advisors CEO.
Retail development is underway in Puerto Rico, despite the U.S. territory's challenged economy.
Investors should avoid buying municipal bonds from Puerto Rico, Alexandra Lebenthal, president and CEO of Lebenthal Holdings, tells CNBC.
Alexandra Lebenthal, Lebenthal Holdings CEO, shares insight to the municipal bond market and why investors should stay away from Puerto Rico municipal bonds.
The commonwealth's Government Development Bank says the transit system can't make payroll without a tax increase.
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.
CNBC's Kate Kelly explains why Puerto Rico is the next big battleground for hedge funds.
A big New York investment firm isn't happy that Puerto Rico has made it easier for some public companies to restructure their debts.
Under the agreement with the creditors, Puerto Rico Electric Power Authority may delay certain payments currently due until July 31.
Puerto Rico public corporation debt slumped after a new law that allows agencies to restructure their debts sparked fears of an imminent default.
CNBC's Michelle Caruso-Cabrera reports debt issued by some Puerto Rico public agencies has slumped after a downgrade from Moody's.
John Paulson believes the island will become the Singapore of the Caribbean.