Puerto Rico

Several companies could be affected by a widespread power outage Tuesday in Puerto Rico. What Happened: Only around 12% of Puerto Rico’s residents currently have electricity, according to Luma Energy, the power company servicing the island. In a post on X, Luma Energy said the outage began at...

Sports betting and iGaming company DraftKings Inc (NASDAQ:DKNG) reported third-quarter financial results after market close Thursday. Here are the key highlights. What Happened: DraftKings reported third-quarter revenue of $1.095 billion, up 39% year-over-year. The revenue total missed a Street...

Editor’s Note: The headline of this story has been updated to correct a spelling error. El Nuevo Día, Puerto Rico’s largest newspaper, has endorsed Kamala Harris for the presidency. This endorsement comes amidst a recent controversy involving derogatory remarks about Puerto Rico made at...

In the ever-shifting landscape of Puerto Rican politics, few issues have sparked as intense a debate as that surrounding cannabis. The recent vote in the House of Representatives on House Bill 209, aimed at preventing first-time minor marijuana possession convictions from appearing on criminal...

Drifting just an hour from the vibrant arteries of San Juan, Puerto Rico's capital, past a mosaic of color-doused houses and palm-enshrouded highways, a hidden gem emerges on the island's eastern seaboard. Here, where the rhythm of Latino and Caribbean tales intertwine with the allure of...

By Javier Hasse via El Planteo. Renowned urban singer Arcángel has not only conquered the world of music, but he has also started down a path in the promotion of medical cannabis. Far from seeking to increase his fame, his entry into this industry aims to change society's perception of...

Avraham Eisenberg, a crypto trader, was arrested on Monday in Puerto Rico for using his "highly profitable trading strategy" to siphon off digital assets worth $110 million from the decentralized finance (DeFi) trading platform Mango Markets.  What Happened: Eisenberg has been...

Tropical Storm Karen – the sixth named storm in the Atlantic basin this September – is spinning over the Caribbean Sea, likely arriving in Puerto Rico as well as the U.S. and British Virgin Islands on Sept. 24. Karen will bring the potential for heavy rainfall and some gusty winds. SONAR...

A request by the Governor of Puerto Rico to allow foreign-flagged vessels to ship liquefied natural gas (LNG) from the United States is getting push-back on Capitol Hill. The Puerto Rican economy was devastated by Hurricane Maria in 2017, and the U.S. territory faces long-term energy needs to help...

First Bancorp (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, is a buy ahead of an economic "jolt" — as the island's decade-long recession could be coming to an end, according to Bank of America Merrill Lynch.  The Analyst Analyst Ebrahim Poonawala upgraded...

Evertec Inc (NYSE: EVTC), a Puerto Rican transaction processing company, has seen its stock gain 15 percent over the past three months, prompting Goldman Sachs to announce its bear thesis was "wrong." The Analyst Goldman Sachs' James Schneider upgraded Evertec's stock...

Street estimates for Evertec Inc (NYSE: EVTC), which operates full-service transaction processing in Latin America and the Caribbean, may not be reflect the company's risks, according to Goldman Sachs.  The Analyst Goldman Sachs analyst James Schneider downgraded Evertec from...

Shares of Popular Inc (NASDAQ: BPOP), a financial holding company with exposure to Puerto Rico, has fallen more 15 percent since Sept. 18, but this has created a compelling buying opportunity, according to analysts at Barclays. The firm's Matthew Keating upgraded Popular's stock rating from Equal-...

Puerto Rico bonds took a huge hit last week when President Trump suggested the U.S. government may eliminate the nation’s debt in wake of its ongoing financial crisis. “They owe a lot of money to your friends on Wall Street, and we’re going to have to wipe that out,” Trump...

Puerto Rico is looking for answers to its devastating blackouts and leveled energy infrastructure. And Tesla Inc (NASDAQ: TSLA), the world’s panacea, is as eager as ever to be the solution. CEO Elon Musk responded Thursday to calls for intervention by confirming Tesla’s capacity to meet...