business news this week

Corporate America’s most powerful lobby groups have called for patience as votes are counted in next week’s election, hours after President Donald Trump said it would be “totally inappropriate” if ballots were still being tallied after election day. The US Chamber of Commerce, the Business Roundtable and six other groups representing industries from retail to
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Author’s note: This article was previously released to CEF/ETF Income Laboratory members. Please check latest data before investing. The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund (CEF) sectors in the last week, as well as to highlight recently concluded or
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This article is part of The Bond Buyer’s multi-platform, four-part series on the Future of Cities, each segment focusing on a different aspect of how life in and the finances of America’s cities could be altered in the wake of the coronavirus pandemic. We explore how cities of all sizes are being impacted by outmigration,
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Author’s note: This article was released to CEF/ETF income Laboratory members on September 8, 2020. Please check latest data before investing. The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund [CEF] sectors in the last week, as well as to highlight
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getty As U.S. Senate Majority Leader Mitch McConnell readies to unveil today the Senate proposal for the next coronavirus aid package, assembled together with the White House, the renewal of key policies credited with keeping renters and homeowners afloat during the pandemic remains uncertain. Many discussions on Capitol Hill have focused on the merits of
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Seven-year-old Hamza Haqqani, a 2nd grade student at Al-Huda Academy, uses a computer to participate in an E-learning class with his teacher and classmates while at his home on May 01, 2020 in Bartlett, Illinois. Scott Olson | Getty Images Last year at this time, many Americans were taking summer vacations, ahead of their children’s
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The Federal Reserve’s short-term municipal note program is “open today” to states and local governments struggling with financial woes during the pandemic, though it was reiterated that the program is a last resort. During a Government Finance Officers Association roundtable Monday, Kent Hiteshew, who was recently hired by the Fed to help with municipal markets,
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As the COVID-19 pandemic continues to extend its grip on the globe — infecting more than 1.41 million Americans (over 4.44 million globally) — executives must navigate their organizations through uncharted territory, with the possibility that the virus may not disappear any time soon. This is forcing executives to make big, lasting decisions with few
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Offices of Cutera Inc. in Brisbane, Calif. Google Earth The largest public companies that tapped the government’s emergency relief fund for small businesses nearly all had ready access to other forms of capital, according to a CNBC analysis of filings. Even amid the upheaval caused by the coronavirus pandemic, these companies raised millions of dollars
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Coronavirus-related continuing disclosures increased 25% over the past week as more municipalities disclose financial distress due to the pandemic. Since last week the number of continuing disclosures referencing the impacts of COVID-19 increased to 2,637 since the beginning of the year, the Municipal Securities Rulemaking Board found in a weekly COVID-19 disclosure report released Tuesday.
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Warren Buffett, Chairman and CEO of Berkshire Hathaway. David A. Grogan | CNBC Warren Buffett made a lot of news at Berkshire Hathaway‘s first virtual annual meeting on Saturday, including revealing that he sold all his airline stocks and didn’t see any value in any major acquisitions amid the coronavirus pullback in stocks. The 89-year-old
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