Month: June 2020

Delaware Gov. John Carney has signed a $703 million capital bond bill for the 2021 fiscal year that was scaled back because of revenue losses from the COVID-19 pandemic. Carney endorsed the borrowing measure Tuesday afternoon during his COVID-19 media briefing one day after receiving the necessary legislative approval before the start of the new
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ROBERTO SCHMIDT It’s impossible to think about racial injustice in the U.S. without looking at the distribution of dollars.  In many ways that Americans work to establish themselves financially — through the stock market,  net worth and homeownership — Black families trail White families. “To put it simply, we don’t have a level playing field,” said Evelyn Brodkin, an
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The Federal Reserve is reviewing credit standards of its municipal short-term lending program, particularly for territories that are currently locked out of the program. That’s what Fed Chair Jerome Powell said during a House Financial Services Committee hearing Tuesday. Currently, eligible issuers in its Municipal Liquidity Facility program must have an investment grade rating of
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The marijuana industry is made up of companies that either support or are engaged in the research, development, distribution, and sale of medical and recreational marijuana. Cannabis has begun to gain wider acceptance and has been legalized in a growing number of nations, states, and other jurisdictions for recreational, medicinal and other uses. Some of
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Micron Technology’s hard drive for data center customers is presented at a product launch event in San Francisco, October 24, 2019. Stephen Nellis | Reuters Check out the companies making headlines in midday trading.  Micron — Micron traded more than 6% higher after the chip manufacturer posted better-than-expected results for the previous quarter. The company posted an
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Although minutes from the Federal Open Market Committee’s June meeting should yield no surprises, the market will focus on conversations about yield curve control, which Fed Chair Jerome Powell acknowledged did occur. And while the talks were reportedly prelimininary, and no one expects implementation before its September meeting, “The markets are increasingly pricing in a
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The logo of Amazon Web Services (AWS) is seen during the 4th annual America Digital Latin American Congress of Business and Technology in Santiago, Chile, September 5, 2018. Ivan Alvarado | Reuters Amazon Web Services, the cloud-computing branch of the e-commerce giant, is further expanding its services in the growing space industry. The company announced
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Seniors, considered at high risk for Covid-19, are re-evaluating their living arrangements. Getty Are you one of the millions of active adults, as developers and builders refer to the 50-plus segment, whose relocation plans have been impacted by coronavirus concerns and the Covid-19 pandemic? According to Senior Housing News, a trade magazine for the industry
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A bipartisan bill included in House Democrats’ larger infrastructure package would expand the use of tax-exempt private activity bonds to finance small to mid-sized manufacturing and agricultural sectors. The bill, introduced in December by Reps. Stephanie Murphy, D- Fla., and Darin LaHood, R-Ill., is included in a $1.5 trillion dollar infrastructure bill set for a
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(L-R) Michael Corbat, chief executive officer of Citigroup Inc., Jamie Dimon, chief executive officer of JPMorgan Chase & Co., James Gorman, chief executive officer of Morgan Stanley, Brian Moynihan, chief executive officer of Bank of America Corp., Ron O’Hanley, president and chief executive officer of State Street Corp., Charles Scharf, chief executive officer of Bank
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Shoppers ascend and descend escalators at the King of Prussia Mall, owned by Simon Property Group, United State’s largest retail shopping space, in King of Prussia, Pennsylvania. Mark Makela | Reuters Check out the companies making headlines after the bell. Micron Technology — The technology company’s stock jumped as much as 6% in extended trading
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