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Young adults are holding off on moving out of their parents’ house — here’s what’s behind the trend
Approximately 1 in 3 U.S. adults ages 18 to 34 live in their parents’ home, according to U.S. Census Bureau data. The pandemic caused more young adults to return home or remain living with their parents into their late 20s and 30s, but aside from that spike, the numbers have remained fairly consistent in recent…
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Biden allows Ukraine to strike Russia with US-made long-range missiles
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world US President Joe Biden has authorised Ukraine to launch limited strikes into Russia using US-supplied long-range missiles, in a big policy shift before the end of his White House term in January, two…
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D.C. arena deal hits headwinds
”I have been laser focused on ensuring that the jobs created by this project go first and foremost to district residents,” said D.C. at-large, Councilman Kenyan McDuffie, “and that district-based companies receive the bulk of the contracts associated with this project.” D.C. City Council The bond-financed renovation of Capital One Arena in downtown Washington D.C. is…
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European stocks lag US by record margin as ‘Trump trade’ bites
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. European markets are lagging behind Wall Street by a record margin after Donald Trump’s election victory pushed the region’s stocks lower and sent the euro tumbling. US stocks hit record highs after Trump secured his…
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Hawaii plans to price $750 million in GOs in early December
Hawaii Gov. Josh Green toured the scene of Maui wildfires in August 2023. The disaster slowed visitor growth, rating analysts said.Hawaii Governor’s Office Hawaii will head to market in early December with double-A category ratings affirmed as it prices $750 million of taxable general obligation bonds in a negotiated deal. Recovery of tourism, pivotal to…
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Three Mile Island restart could mark a turning point for nuclear energy as Big Tech influence on power industry grows
In this article MSFT CEG Follow your favorite stocksCREATE FREE ACCOUNT Cooling towers at the Three Mile Island nuclear power plant in Middletown, Pennsylvania, Oct. 30, 2024. Danielle DeVries | CNBC MIDDLETOWN, Pa. — The owner of the Three Mile Island nuclear power plant is embarking on an ambitious plan to restart operations before the…
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Here’s what the Trump presidency could mean for the housing market, experts say
Scott Olson | Getty Images News | Getty Images President-elect Donald Trump wants to address housing affordability in the U.S. by fomenting the construction of new homes. “We’re going to open up tracks of federal land for housing construction,” Trump said during an Aug. 15 news conference. “We desperately need housing for people who can’t…
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North Korea ‘supplying Russia’ with long-range rocket and artillery systems
Pyongyang has supplied Moscow’s army with long-range rocket and artillery systems, some of which have been moved to Russia’s Kursk region for an assault involving North Korean soldiers to push out Ukrainian forces, a Ukrainian intelligence assessment has found. In recent weeks, North Korea provided some 50 domestically produced 170mm M1989 “Koksan” self-propelled howitzers and…
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Dallas rating outlook revised to negative by Moody’s
Dallas Police Department officers in 2022. Moody’s Ratings said the negative rating outlook for Dallas reflects the expected credit impact of voter-approved Proposition U, including reducing the city’s fiscal flexibility and boosting the Police and Fire Pension System’s liability by increasing police starting salaries and the number of officers.Bloomberg News Voter approval of a Dallas…
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Nissan to warn jobs at risk as UK EV targets push car industry to ‘crisis point’
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Nissan plans to warn ministers that the UK car industry has reached a “crisis point”, with jobs and competitiveness at risk unless the government relaxes electric vehicle rules, according to two people with direct knowledge…
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Despite volatility, macroeconomic and political uncertainty, munis outperform
<img src=”https://public.flourish.studio/visualisation/20321862/thumbnail” width=”100%” alt=”chart visualization” /> Triple-A yield curves were little changed Friday ahead of an $8.4 billion new-issue calendar while U.S. Treasuries saw small losses across the curve and equities were in the red as mixed economic data, hawkish Fedspeak and major announcements on how President-elect Donald Trump’s new administration may take form hangs…
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Processed food stocks fall as investors brace for increased scrutiny under Trump, RFK Jr.
A chip and snack food display at a convenience store in Miami Beach, Florida. Jeff Greenberg | Universal Images Group | Getty Images Processed food stocks tumbled on Friday as investors feared a crackdown under President-elect Donald Trump and ally Robert F. Kennedy Jr. Soda titans PepsiCo and Coca-Cola dropped more than 3% and 1%,…
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Greenlight’s David Einhorn says the markets are broken and getting worse
In this article GLRE Follow your favorite stocksCREATE FREE ACCOUNT David Einhorn, President at Greenlight Capital, speaking at the 14th CNBC Delivering Alpha Investor Summit in New York City on Nov. 13th, 2024. Adam Jeffery | CNBC Greenlight Capital’s David Einhorn was interviewed by our Leslie Picker at CNBC’s Delivering Alpha event Wednesday. Einhorn spoke…
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Mortgage rates may be stabilizing after the election. Here’s what to expect into early 2025
Pekic | E+ | Getty Images Mortgage rates seem to have steadied. That may be a good sign for the market, experts say. The average 30-year fixed rate mortgage in the U.S. slightly dipped to 6.78% for the week ending Nov. 14, barely changed from 6.79% a week prior, according to Freddie Mac data via…
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Valuations at Musk’s SpaceX and xAI set to soar in new deals
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Two of Elon Musk’s private companies are set to secure multibillion-dollar jumps in valuation through new deals, as investors race to back the sprawling business interests of the world’s richest man. SpaceX, the largest private…
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Anatomy of a deal: Los Angeles Unified’s Far West winner
James Monroe High School students in the school’s Creative Arts building, which was financed with LAUSD Build America bonds.LAUSD After more than a decade of cuts to the promised subsidy that underpinned Build America Bonds, dozens of issuers pulled the plug on that structure this year. The Los Angeles Unified School District was in the…
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UK economy stalls in third quarter
€69 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT…
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Munis brace for upcoming volatility
<img src=”https://public.flourish.studio/visualisation/20306565/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were narrowly mixed Thursday as U.S. Treasuries saw losses up front and gains out long and equities ended down. Municipal yields, while bumped or cut up to three basis points, depending on the scale, have had a relatively quiet week following the volatility post-election. However, “volatility will likely…
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David Einhorn to speak as the priciest market in decades gets even pricier postelection
In this article GLRE Follow your favorite stocksCREATE FREE ACCOUNT David Einhorn speaking in New York City on April 3, 2024. Adam Jeffery | CNBC Hedge fund investor David Einhorn’s cautious stance all year made his performance suffer as he navigated what he believes is the priciest stock market of his career at Greenlight Capital.…
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Gary Gensler says he was ‘proud to serve’ as SEC chair, defends his approach to crypto regulation
U.S. Securities and Exchange Commission Chair Gary Gensler testifies before a House Financial Services Committee oversight hearing on Capitol Hill in Washington, D.C., on Sept. 27, 2023. Jonathan Ernst | Reuters Securities and Exchange Commission Chairman Gary Gensler spoke this morning at the Practising Law Institute’s 56th annual conference on securities regulation. It sounded awfully…
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