The New Jersey Supreme Court unanimously ruled that Gov. Phil Murphy’s plan to issue bonds to offset massive COVID-19-related revenue losses meets the state’s constitutional debt requirements. The state’s high court decision was released Wednesday afternoon, a week after justices heard oral arguments via remote video about the constitutionality of debt legislation signed by Murphy
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With Congress unable to reach a compromise on a new round of support for Americans impacted by the pandemic and recession, President Trump signed memoranda last weekend that partially restore enhanced unemployment benefits, defer payroll taxes for most Americans, and extend a moratorium on federal student loan payments. The constitutionality of these measures is now
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Vital Vio’s lighting goes into home products, like Ellumi brand’s under-cabinet lighting and Broan-Nutone’s antimicrobial ventilation systems. Its technology uses visible light to kill cells of bacteria, mold and fungi, but not Covid-19 specifically. Vital Vio The coronavirus pandemic is altering every aspect of how we live, especially what we want from our homes. Beyond
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Nima Ghamsari, co-founder and chief executive officer of Blend, speaks during the Sooner Than You Think conference in Brooklyn, New York, Oct. 16, 2018. Alex Flynn | Bloomberg | Getty Images Digital lending start-up Blend raised $75 million in fresh funding amid surging demand for streamlined mortgage applications during the coronavirus pandemic. The move values the
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Getty Eden Health, a telemedicine company founded in 2015, raised $25 million in Series B financing, in part to expand its partnerships with commercial real estate firms through virtual and in-person health consultations. The funding round—which was led by Flare Capital Partners, with participation from Greycroft, Aspect Ventures, and other investors—places Eden Health’s valuation close
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Carrie Bobb is the CEO of Carrie Bobb & Co., a consumer analytics nerd and an expert at driving revenue for brick and mortar real estate.  getty The struggle in retail leasing is real. There are many hurdles affecting retail leasing, and there are a few things some landlords need in order to make long-term impacts
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As shopping centre and high street landlords survey the wreckage left by coronavirus, warehouse owners are facing a different problem: how to deal with record demand. The pandemic has pushed more consumers online, prompting a rush for warehouse space, from small “last-mile” delivery sites near city centres to cavernous “big-box” distribution centres. Amazon has led
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When Chinese diplomats began spreading conspiracy theories in March suggesting that the US army had brought coronavirus to China, the claims looked set to derail an already acrimonious relationship between Beijing and Washington. But in recent weeks, despite rounds of US sanctions targeting China’s leading technology companies and officials in Hong Kong and Xinjiang, Beijing
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Tesla on Tuesday handed a reward to the army of enthusiastic retail investors who have helped lift its share price to dizzy heights this year, as it announced the first stock split in its history as a public company. News of the US electric carmaker’s five-for-one split, to take effect on August 28, fuelled a
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Democrat Joe Biden has named Kamala Harris as his vice-presidential running mate, making the senator from California the first African-American woman on a major US party’s presidential ticket. Mr Biden, who served as vice-president in the Obama administration, announced his pick on Tuesday. “I have the great honor to announce that I’ve picked Kamala Harris
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Nikola Motor Company Source: Nikola Motor Company Nikola’s entire second quarter revenue of $36,000 was related to solar installations for Executive Chairman Trevor Milton, according to a filing with the Securities and Exchange Commission. “During the three months ended June 30, 2020 and 2019 the Company recorded solar revenues of $0.03 million and $0.04 million,
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Goldman Sachs is renewing its push into Wall Street’s digital future. The firm made Mathew McDermott, a managing director who ran the investment bank’s internal funding operations, its new global head of digital assets last month, CNBC has learned exclusively. The appointment means the newest face of blockchain and cryptocurrency on Wall Street isn’t a
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Motorcyclists pass a 1Malaysia Development Berhad (1MDB) billboard at the Tun Razak Exchange development in Kuala Lumpur, Malaysia, February 3, 2016. Olivia Harris | Reuters Goldman Sachs on Friday lowered its previously stated quarterly net earnings applicable to common shareholders to $197 million from $2.25 billion. The bank said in a filing it had set
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Warren Buffett Gerry Miller | CNBC Investors are preparing for a variety of news in Berkshire Hathaway’s second-quarter earnings report this weekend, ranging from the possibility of record overall net income to weaker operating results from the conglomerate’s industrials companies. Wall Street also hopes that Berkshire, which is expected to report per-share earnings of $2.12
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