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Surveys of manufacturing and services both showed slowing growth, and despite a gain in construction spending in October, it followed a revision to a decline from an initially reported rise in September. The Institute for Supply Management’s manufacturing sector index slipped to 57.5% in November from 59.3% in October. The new orders index fell to
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Ike Papadopoulos joins Hilltop Securities as managing director. Hilltop Securities is expanding its East Coast investment banking operations with the hiring of former Ziegler managing director Ike Papadopoulos. Papadopoulos, who joins Hilltop as a managing director, brings more than 20 years of experience to his new position. Before Ziegler, he worked nine years with TD
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Maine’s healthy reserves, achieved through proactive budget management, have positioned the Northern New England state to withstand revenue uncertainties stemming from the COVID-19 pandemic, according to analysts. Moody’s Investors Service analyst Pisei Chea said Maine’s strong reserve levels would enable it to weather any potential pitfalls that may arise this winter from revenue drops if
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These two brokers have some fundamental differences, one being among the most established discount online brokers while the other is a relative upstart. Fidelity continues to evolve as a major force in the online brokerage space. Fidelity’s brokerage service took our top spot overall in both our 2019 and 2020 Best Online Brokers Awards, as the
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Municipals outperformed Treasuries as yields rose 10 basis points on the UST 10- and 30-year on talk of a potential stimulus deal and equities hit all-time highs. Secondary trading held municipal yields steady while Illinois’ highway deal priced and re-priced five to nine basis points lower and New York City Municipal Water Authority offered bonds
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The new Rosewood townhouses in Georgetown, DC blend in with the neighborhood. Rosewood Hotels & Resorts/Copyright2020/AVABLU/Ryan Forbes Rosewood Washington, DC recently announced the opening of new townhouse accommodations, located in a prime location in the heart of Georgetown directly adjacent to the luxury hotel. The timing of this new residential-style offering couldn’t be more opportune. 
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Wisconsin Gov. Tony Evers’ administration is treading cautiously as it assembles a new two-year budget over concerns that the COVID-19 pandemic could cut more deeply into state revenues than forecast. Modest revenue growth is projected over the course of the biennium that begins July 1, enough even to make a small deposit into its rainy
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Federal Reserve Governor Lael Brainard said Tuesday that more government fiscal aid is needed to prevent deeper damage to a U.S. economy coping with a fresh surge in coronavirus cases. Federal Reserve Governor Lael BrainardBloomberg News The central bank is “committed to providing sustained accommodation” through ultra-low interest rates and asset purchases, Brainard said in
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CEO & Executive Director at the Illinois Medical District; Instructor at Harvard University T.H. Chan School of Public Health getty Commercial real estate owners and developers responsible for healthcare facilities are facing a pivotal moment. They are forced to rethink the ways their medical office buildings — from standalone facilities to storefronts in retail settings —
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A federal court should strike down the Securities and Exchange Commission’s conditional exemption for muni advisors because the regulator did not solicit stakeholders’ input and was “arbitrary and capricious,” according to the Securities Industry and Financial Markets Association. SIFMA made its case in a newly-filed brief in the U.S. Court of Appeals in Washington D.C.,
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Money market funds (MMFs) have long been a staple in brokerage accounts as a safe place to stash cash that’s not being invested. In light of the events of the past year, it’s time financial advisors and their clients re-examine this approach. Historically, MMFs have been used to provide safety, liquidity, and yield. In today’s
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Credit Suisse has named António Horta-Osório as its next chairman, picking the outgoing chief executive of Lloyds Bank to help steer the lender through the fallout from the coronavirus crisis. Mr Horta-Osório will start at Credit Suisse at the end of April, the bank said in a statement on Tuesday. Urs Rohner, the Swiss lender’s
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The penthouse has two offices with built-in bookshelves. Elite Auctions A waterfront penthouse in Baltimore that was once owned by the late novelist Tom Clancy is headed to the auction block on December 12 with no reserve price. The best-selling author of the Jack Ryan novels chose a Ritz-Carlton Residence penthouse on the waterfront and increased its size by combining
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Title: Assistant TreasurerFirm: Transurban — North AmericaAge: 37 John Markowitz, a 2005 graduate of the University of Virginia, started his career in commercial credit at SunTrust Bank. He was about to go to law school when a colleague contacted him about working in a unique and growing form of infrastructure financing, value capture bond underwriting,
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