Puerto Rico governor authorizes suspension of public debt payments

Reuters

June 30, 2016 at 5:43 PM

SAN JUAN (Reuters) - Puerto Rican Governor Alejandro Garcia Padilla on Thursday issued an executive order authorizing the suspension of payment on approximately $800 million worth of constitutionally-guaranteed general obligation bonds due on July 1. The suspension follows U.S. President Barack Obama's signing into law earlier on Thursday of a plan that gives a federal oversight board authority for negotiating the restructuring of the island's $70 billion debt and bringing the struggling U.S. territory's finances under control. (Reporting by Nick Brown in San Juan; editing by Daniel Bases and G Crosse)

Yahoo Finance
The FDIC change that leaves wealthy bank depositors with less protection
Affluent Americans may want to double-check how much of their bank deposits are protected by government-backed insurance. The rules governing trust accounts just changed.
Yahoo Sports
Juan Soto’s unapologetic intensity and showmanship are captivating the Bronx and rubbing off on teammates: ‘Literally every pitch is theater’
The 2024 Yankees have rediscovered their bravado and hold the second-best record in the AL, thanks in large part to the superstar outfielder.
Yahoo Sports
Dolphins owner Stephen Ross reportedly declined $10 billion for team, stadium and F1 race
The value of the Dolphins and Formula One racing is enormous.
Yahoo Sports
Timberwolves coach Chris Finch calls Jamal Murray's heat-pack toss on court 'inexcusable and dangerous'
Murray made a bad night on the court worse during a moment of frustration on the bench.
Yahoo Sports
Former NBA guard Darius Morris dies at 33
Former NBA guard Darius Morris has died at the age of 33. He played for five teams during his four NBA seasons. Morris played college basketball at Michigan.
Yahoo Sports
Six quarterback situations to worry about & three that are on the precipice | Zero Blitz
Jason Fitz, Charles Robinson and Frank Schwab talk about which quarterback rooms concern them and which they find interesting heading into the 2024 NFL season.
Yahoo Sports
Golf’s moment of truth is here, and the sport is badly flailing
Nonexistent negotiations and missed opportunities for reconciliation between the PGA Tour and LIV Golf have the sport stuck in place.
Yahoo Sports
2024 Fantasy Football Mock Draft, 1.0
The Yahoo Fantasy football crew got together for their very first mock draft of 2024. Andy Behrens recaps the results.
Yahoo Finance
Former House Speaker Paul Ryan says he’s not voting for Trump : 'Character is too important'
Ryan says he would be writing in a Republican candidate instead of voting for Donald Trump.
Yahoo Sports
Yahoo Fantasy staff's Mock Draft 1.0: Shocking picks are plentiful
Teams have made their big splashes in free agency and made their draft picks, it's time for you to do the same. It's fantasy football mock draft time. Some call this time of year best ball season, others know it's an opportunity to get a leg up on your competition for when you have to draft in August. The staff at Yahoo Fantasy did their first mock draft of the 2024 season to help you with the latter. Matt Harmon and Andy Behrens are here to break it all down by each round and crush some staff members in the process.
Yahoo Sports
Ranking the best situations for the rookie quarterbacks: Start with Michael Penix in Atlanta at No. 1
It’s key to note that we’re not saying the “best team” or “best roster.” Instead, we’re talking about the best confluence of factors that can outline a path for survival and then success.
Yahoo Sports
Post-draft NFL fantasy power rankings: Offenses we love, like and want to stay away from
With free agency and the draft behind us, what 32 teams look like today will likely be what they look like Week 1 and beyond for the 2024 season. Matt Harmon and Scott Pianowski reveal the post-draft fantasy power rankings. The duo break down the rankings in six tiers: Elite offensive ecosystems, teams on the cusp of being complete mixed bag ecosystems, offensive ecosystems with something to prove, offenses that could go either way, and offenses that are best to stay away from in fantasy.
Yahoo Sports
Cardinals lose C Willson Contreras after left arm fractured by J.D. Martinez's swing
The Cardinals' nightmare season continues.
Yahoo Sports
Blockbuster May trade by Padres, MVP Ohtani has arrived, Willie Mays’ 93rd birthday & weekend recap
Jake Mintz & Jordan Shusterman discuss the Padres-Marlins trade that sent Luis Arraez to San Diego, as well as recap all the action from this weekend in baseball and send birthday wishes to hall-of-famer Willie Mays.
Yahoo Finance
These 3 stocks are poised to benefit from the massive energy transition
The energy transition will benefit companies providing electrical needs for surging demand. Analysts point to these three stocks as a Buy.
Yahoo Sports
What's wrong with the Denver Nuggets? | Devine Intervention
Dan Devine and Adam Mares discuss the Denver Nuggets and Minnesota Timberwolves after Monday night’s game 2.
Yahoo Finance
Recession-proof stocks are leading the market's latest leg higher
The Utilities and Consumer Staples sectors have popped since mid-April as investors search for value.
TechCrunch
Nintendo finally confirms the Switch 2 is on the way
In the most anticlimactic way possible, Nintendo on Tuesday confirmed years of rumors: The Nintendo Switch 2 console is on the way. "We will make an announcement about the successor to Nintendo Switch within this fiscal year," wrote Shuntaro Furukawa, the president of Nintendo, on X. Rather, Furukawa wanted to warn users not to expect the actual announcement in next month's Nintendo Direct livestream.
Yahoo Sports
2024 NFL Team Fantasy Football Power Rankings, 1.0
With NFL rosters pretty much set before training camp, Scott Pianowski reveals his first set of team fantasy power rankings for the 2024 season.
Engadget
The best budgeting apps for 2024
Budgeting apps can help you keep track of your finances, stick to a spending plan and reach your money goals. These are the best budget-tracking apps available right now.

News

Life

Entertainment

Finance

Sports

New on Yahoo

Puerto Rico governor authorizes suspension of public debt payments

Recommended Stories

The FDIC change that leaves wealthy bank depositors with less protection

Juan Soto’s unapologetic intensity and showmanship are captivating the Bronx and rubbing off on teammates: ‘Literally every pitch is theater’

Dolphins owner Stephen Ross reportedly declined $10 billion for team, stadium and F1 race

Timberwolves coach Chris Finch calls Jamal Murray's heat-pack toss on court 'inexcusable and dangerous'

Former NBA guard Darius Morris dies at 33

Six quarterback situations to worry about & three that are on the precipice | Zero Blitz

Golf’s moment of truth is here, and the sport is badly flailing

2024 Fantasy Football Mock Draft, 1.0

Former House Speaker Paul Ryan says he’s not voting for Trump : 'Character is too important'

Yahoo Fantasy staff's Mock Draft 1.0: Shocking picks are plentiful

Ranking the best situations for the rookie quarterbacks: Start with Michael Penix in Atlanta at No. 1

Post-draft NFL fantasy power rankings: Offenses we love, like and want to stay away from

Cardinals lose C Willson Contreras after left arm fractured by J.D. Martinez's swing

Blockbuster May trade by Padres, MVP Ohtani has arrived, Willie Mays’ 93rd birthday & weekend recap

These 3 stocks are poised to benefit from the massive energy transition

What's wrong with the Denver Nuggets? | Devine Intervention

Recession-proof stocks are leading the market's latest leg higher

Nintendo finally confirms the Switch 2 is on the way

2024 NFL Team Fantasy Football Power Rankings, 1.0

The best budgeting apps for 2024