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People walk through the Brookfield Place Pavilion at the World Trade Center West Concourse pedestrian transit connection in New York City. Getty Images Brookfield Asset Management said Monday it has made an offer to take its commercial real estate arm Brookfield Property Partners private in a $5.9 billion deal. The Canadian asset-management firm is offering
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Republican Sens. Kelly Loeffler and David Perdue, facing tight runoff elections Tuesday in Georgia, have received a late surge of donations from the real estate and financial industries. Their Democratic challengers, Raphael Warnock and Jon Ossoff, respectively, have otherwise enjoyed a fundraising edge in the races, which will determine whether Democrats or the GOP will
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Snowflake CEO Frank Slootman told CNBC on Tuesday he believes the coronavirus pandemic has fundamentally altered the role that physical offices will play for corporations going forward. “This whole notion that the office is your workday home, we realize that is nonsense,” Slootman said on “Squawk Alley.” “Offices … need to be there for specific
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Homebuilding stocks could be losing steam. Though the group outperformed in 2020, with the SPDR S&P Homebuilders ETF (XHB) and the iShares U.S. Home Construction ETF (ITB) both beating the S&P 500 by about 10 percentage points, pure-play homebuilding stocks are faltering, JC O’Hara, chief market technician at MKM Partners, told CNBC’s “Trading Nation” on
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President Donald Trump promised the federal government will award $3.7 billion to Puerto Rico for water and sewer infrastructure repairs to recover from Hurricane Maria. Hurricane Maria, which hit Puerto Rico in September 2017, was the most damaging hurricane for the island since the 1930s. Puerto Rico Aqueduct and Sewer Authority’s Vieques treatment plant. The
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Puerto Rico legislators in the party with a plurality of seats in both legislative bodies are seeking changes to labor laws, such as raising the minimum wage and increasing the number of vacation and sick days for workers, which some say may negatively affect the local economy. Popular Democratic Party lawmakers in the Puerto Rico
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Federal Reserve officials unanimously backed holding the pace of asset purchases steady when they met last month. “All participants judged that it would be appropriate to continue those purchases at least at the current pace, and nearly all favored maintaining the current composition of purchases,” according to minutes of their Dec. 15-16 meeting published Wednesday.
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Revenue Procedure 2021-10 will be published in the Internal Revenue Bulletin dated January 25.Bloomberg News The Internal Revenue Service unexpectedly issued guidance Monday on procedures for appealing adverse rulings on audits involving tax-advantaged bonds. Bond attorneys said the new rules fill in some holes because the IRS previously only had a process for tax-exempt bonds.
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A pump and dump scam is the illegal act of an investor or group of investors promoting a stock they hold and selling once the stock price has risen following the surge in interest as a result of the endorsement. Here, we take a closer look at how pump-and-dump schemes work and how to avoid
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Will vs. Trust: What’s the Difference? Wills and trusts are both estate planning tools that can help ensure your assets are protected and bequeathed to your heirs, besides your spouse, which is generally not an issue. This is because the unlimited marital deduction provision within the United States Estate and Gift Tax Law allows the passing of
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You may have heard that student loans can’t be discharged in bankruptcy. That statement oversimplifies the truth. You actually can get student loans discharged in some cases, but the bar is higher and the process more burdensome than for other types of debt. Here is what you need to know. Key Takeaways Under U.S. bankruptcy
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As a child growing up in the Democratic Republic of Congo, Gloire Ndongala didn’t know much about the wider world, with one exception: he adored US basketball star Michael Jordan. “Think about it, in the Congo we had hardly any technology back then, and we still heard of Michael Jordan,” Ndongala says. The Chicago Bulls
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Fears of an uncontrollable winter wave of coronavirus infections have prompted a growing number of European governments to close schools, breaking with a previous consensus that face-to-face teaching must be maintained. The UK, Ireland, Germany, Denmark and some northern Italian regions have all ordered schools to shut for several weeks to try to contain infections,
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California reported its second-biggest one-day increase in coronavirus deaths on Wednesday, with hospitalisations hitting another record high and fast-approaching the 23,000-mark. A further 459 deaths in the country’s most populous state were attributed to coronavirus by authorities, up from 368 on Tuesday. A total of 29 people suffered anaphylactic reactions after receiving coronavirus vaccines in
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Democracies around the world expressed horror at the mob storming of the US Capitol, in scenes some feared would empower the nation’s geopolitical rivals. There was universal condemnation of the violence in Washington on Wednesday night, during the certification of Joe Biden as the next US president, as politicians distanced themselves from Donald Trump. UK prime
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As he sheltered in place in his office, Mike Gallagher, a 36-year-old Republican congressman from Wisconsin, fumed at members of his own party who were disputing Joe Biden’s win in the US presidential election. Staring into his computer screen, he blamed them for fanning the anger that caused Wednesday afternoon’s assault on the US Capitol
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