Investors should avoid buying municipal bonds from Puerto Rico, Alexandra Lebenthal, president and CEO of Lebenthal Holdings, tells CNBC.» Read More
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.
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.
Early numbers show travelers are looking to book bigger and better vacations as soon as the weather warms up.
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.
Jeffrey Rosenberg, BlackRock's chief investment strategist for fixed income, shares his thoughts on the future path of the Fed's interest-rate policy.
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.
Investors who claim they were burned by investments in closed-end Puerto Rico bond funds will have to wait for any resolution.
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.
Discussing Puerto Rico's municipal bond troubles, with Robert DiMella, MacKay Municipal Managers.
CNBC's Michelle Caruso-Cabrera reports Puerto Rico is going to borrow $3.5 billion to address its liquidity crisis.
Puerto Rico should pay attention to lessons learned from Detroit bankruptcy, says CNBC's Jeff Cox
CNBC's Michelle Caruso-Cabrera reports Puerto Rico is set to borrow $3 billion to stem off its liquidity crisis.
Despite downgrades and fiscal woes, now could be the time for investors to get in on Puerto Rico, says YPO member Francisco De Armas.
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.
The risk-reward calculation in bonds issued by the cash-strapped island leans favorable, said Paul Twitchell of Whitebox Advisors.
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.