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Puerto Rico General Fund collections were lagging by 7.5% to 16.8% as of four days before the end of the fiscal year, depending on which measures are used. The figures are derived from a weekly cash-flow report released by the Puerto Rico Department of Treasury and Puerto Rico Fiscal Agency and Financial Advisory Authority on
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The state-ordered temporary closure of a North Dakota county’s debt-financed jail for procedural violations — that came to light after the death of a person in custody — poses new threats to the county’s already speculative grade ratings. Rolette County had previously included an appropriation in its budget to cover a $377,000 late-July rental payment
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The US has surpassed 3m confirmed coronavirus cases, driven by new outbreaks in states like California, which on Wednesday recorded the largest-ever one-day jump in infections for any state since the pandemic began. There have been 3,035,337 confirmed cases of Covid-19 in the US, according to data from Johns Hopkins University, accounting for just over
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Sen. Roger Wicker of Mississippi, a Republican who chairs the Senate Commerce, Science, and Transportation Committee, also is an advocate for the restoration of tax-exempt advance refunding of municipal bonds.Bloomberg News Sens. Roger Wicker of Mississippi and Michael Bennet of Colorado announced Wednesday they are introducing bipartisan legislation to restore direct-pay bonds for financing infrastructure.
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New York’s Metropolitan Transportation Authority and the Transit Innovation Partnership have launched a “COVID-19 response challenge” to engage the private tech industry and rapidly evaluate and deploy innovative technologies that make public transit safer in light of the pandemic. “To truly modernize every element of how we run our transit system, you have to look
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Written by Nick Ackerman, co-produced by Stanford Chemist Tekla Healthcare Opportunities Fund (THQ) is a fund focused on the healthcare space. This sector, relatively speaking, has performed very well throughout 2020’s volatility. The tech sector is the other area of the market that has held up remarkably throughout this same period. THQ offers investors an
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A pedestrian passes by the New York Stock Exchange, NYSE, in New York on March 17, 2020. (Photo by Michael Nagle/Xinhua via Getty) (Xinhua/Michael Nagle via Getty Images) Xinhua News Agency Companies struggling to get through the coronavirus slashed the amount of money they returned to shareholders through dividends in the second quarter. The net
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Microsoft Corp. (MSFT), one of the world’s largest technology companies, was founded in 1975 by Bill Gates and Paul Allen in a garage in Albuquerque, New Mexico. Five years later, Gates and Allen were hired to provide the operating system for IBM’s first personal computer, followed in 1985 by Microsoft’s launch of its now ubiquitous
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David is the Founder and CEO of Realized, leading the firm’s mission to improve lives through innovative real estate wealth solutions. Getty In the pre-coronavirus world, April 15 was an important date, representing the deadline for U.S. residents and citizens to file federal income taxes. However, in the current environment, that drop-dead deadline has been pushed
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Municipal bond issuers are selling debt at a faster pace than they were at this time last year, even though COVID-19 is still hampering state and local governments. At the halfway point of 2020, the top muni issuers have accounted for $`188.58 billion in 5,105 transactions, compared to the $165.18 billion over 4,654 deals in
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Nikola Motor Company Badger pickup truck Source: Nikola Motor Company Check out the companies making headlines in midday trading.  Nikola — Shares of Nikola soared nearly 18% after JPMorgan hiked its rating on the controversial electric vehicle company to overweight from neutral. The bank said the stock looks attractive for long-term investors after a 40% plunge this month
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Washington expected to hit the the market Tuesday with a $68 million note sale propelled by the headwinds of affirmed ratings and stable outlooks, but ended up postponing the $54 million tax exempt portion until Thursday at 8:15 a.m., PDT, following a technical glitch. The glitch resulted in some of the bidders being aware of
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Business spending showed some signs of green shoots in June, as manufacturers bought more equipment and spending shifted away from stay-at-home sectors to ones that could rebound in a reopening economy,  according to Cortera, a software company which analyzes business-to-business credit transactions. But overall June spending was still depressed, down 10.9% from the same month
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The Securities and Exchange Commission’s temporary exemption to allow municipal advisors to arrange certain private placement deals is indeed narrow and conditions included in the order will discourage retail access to the market, regulators say. In a discussion hosted by the SEC Tuesday afternoon, regulators answered questions on how they decided on narrowed conditions for
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Rod Khleif Real Estate Investor, Mentor, Coach, Host, Lifetime Cash Flow Through Real Estate Podcast. www.RodKhleif.com Getty When modeling the potential profitability of a multifamily investment, there is a common tendency to focus only on the return generated by a property’s cash flow as measured by metrics such as internal rate of return or cash-on-cash return.
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Taylor Morrison Home Corp. signage stands in front of homes under construction at the La Solara Community in Dublin, California. David Paul Morris | Bloomberg | Getty Images Ultra-low mortgage rates, a shortage of existing homes for sale and strong demand for new high-tech houses catapulted homebuilder Taylor Morrison‘s sales into record territory in June.
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