Month: August 2020

Municipal bonds saw an August that marked the third consecutive month with issuance greater than $40 billion in 2020. Long-term muni bond volume was 4.1% higher year-over-year at $41.29 billion via 1,056 transactions in August, more than the $39.52 billion spanning 982 transactions the market saw in August of 2019. “Although August volume slowed from
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St. Louis and Indianapolis are pressing forward with convention center expansion plans, arguing the economic jolt is needed and the COVID-19 pandemic shouldn’t stand in the way of the facilities’ future competitiveness. The coronavirus has brought the convention industry to a near standstill. A rendering of the St. Louis convention center expansion Indianapolis Mayor Joe
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Convention center operators in Chicago and Columbus, Ohio are readying restructuring deals to help them weather the COVID-19 pandemic that’s dried up their business activities and blown holes in tax revenues. The Metropolitan Pier and Exposition of Authority will sell $163 million of project expansion new-money and refunding bonds in three series — a $68
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Intelligent and intelligible office buildings getty Big buildings move slowly It is a truth universally acknowledged that artificial intelligence will change everything. In the next few decades, the world will become intelligible, and in many ways, intelligent. But insiders suggest that the world of big office real estate will get there more slowly – at
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Exclusivity clauses, even in a nonbinding term sheet, can blow up in your face if you’re not … [+] careful. RANJAN SAMARAKONE Early in any substantial real estate transaction, the parties will typically create a term sheet (or letter of intent) to describe the basic business terms of their possible transaction. They’ll put down on
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Early campus closures due to any spike in COVID-19 cases during the school year could raise the University of Connecticut’s fiscal 2021 operating deficits to $116 million or higher from the current $74 million, the school president told state lawmakers. UConn and its health system are experiencing the biggest shortfalls in the university’s 130-year history,
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Rhode Island Gov. Gina Raimondo is convening an eight-member municipal resilience task force, which she said will craft recommendations to build economic resiliency and curb costs to prepare for a post-COVID-19 future. The group, which the Rhode Island League of Cities and Towns requested, will consist of municipal, state and private sector leaders. “Now is
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Carlyle Group co-founder David Rubenstein told CNBC on Monday that he is “still a little nervous” about the stock market’s robust rally from its coronavirus-era lows.  “I think the market has somewhere more to go, but on the other hand, I don’t think it can keep going up forever at this pace,”  Rubenstein said on “Squawk Box.” ”I
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Take a look at some of the biggest movers in the premarket: Honeywell (HON), Amgen (AMGN), Salesforce.com (CRM) – Honeywell, Amgen and Salesforce become members of the Dow Jones Industrial Average as of today, replacing Pfizer (PFE), Exxon Mobil (XOM) and Raytheon Technologies (RTX). Apple (AAPL) – Apple begins trading on a post-split basis today,
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Florida plans to “opportunistically” take advantage of historically low taxable municipal bond rates in a $2.25 billion deal that a state official said should be attractive for yield-starved investors. The deal will further capitalize programs that bolster the state’s hurricane insurance markets. “I think it’ll be a very attractive opportunity for investors because historically the
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Warren Buffett has placed a $6bn contrarian bet on Japan’s five biggest trading houses, the century-old commodity specialists that are increasingly transforming into global venture capital and private equity businesses. Mr Buffett’s move follows an unprecedented $132bn exodus of foreign investment from Japanese equities over the past 32 months on fading optimism about Prime Minister
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In my coverage of the Sprott Physical Gold and Silver Trust (CEF) back in May, I shared various supporting ideas that justified the fund as a buy. The central thesis was, as a bullion-backed fund, CEF would move up naturally purely because of a bull move in the precious metals. It has been just under
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Pre-Qualified vs. Pre-Approved: An Overview Most real estate buyers have heard that they need to pre-qualify or be pre-approved for a mortgage if they’re looking to buy a property. These are two key steps in the mortgage application process. Some people use the terms interchangeably, but there are important differences that every homebuyer should understand.
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