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Tribal governments begin investing record levels of funding
Tribal governments have begun putting the $20 billion received from the American Rescue Plan’s State and Local Fiscal Recovery Funds to work, investing in 344 infrastructure and affordable housing projects consisting of a mix of clean water, water and sewer, broadband infrastructure and construction and rehabilitation of affordable housing. These and many other projects are…
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Blackstone limits withdrawals at $125bn property fund as investors rush to exit
Blackstone has limited investor withdrawals at its $125bn real estate investment fund after a surge in redemption requests from investors pulling cash from private assets. The private equity group met only 43 per cent of redemption requests from investors in the Blackstone Real Estate Income Trust fund in the month of November, according to a…
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Manitoba Halts New Crypto Mining Projects Due to Expected High Energy Demand
Authorities in Manitoba are temporarily suspending the connection of new crypto mining facilities to the power grid. The Canadian province, which relies heavily on hydroelectric generation and attracts miners with low electricity rates, fears it may face overwhelming energy demand. Manitoba Suspends New Crypto Mining Operations Citing Possible Increase in Electricity Usage The government of…
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LUMA contract gets temporary extension to distribute Puerto Rico electricity
Puerto Rico government agencies and authorities completed their approval of extending LUMA Energy’s operation of the island’s electrical transmission and distribution system Wednesday. LUMA took over the system in June 2021 based on a short-term supplementary agreement that was supposed to be replaced by a 15-year Operating and Maintenance agreement on Thursday. However, that agreement…
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Stocks making the biggest moves after hours: Salesforce, Snowflake, Costco, Five Below and more
In this article FIVE COST SNOW CRM Follow your favorite stocksCREATE FREE ACCOUNT Signage on a Saleforce office building in San Francisco, California, U.S., on Tuesday, Feb. 23, 2021. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Salesforce — Salesforce’s stock shed 6.7% despite beating analysts’…
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Price analysis 11/30: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, UNI
Bitcoin (BTC) has shrugged off the weakness in the United States equities markets and is attempting to start a recovery on Nov. 30. Buyers are attempting to achieve a monthly close above $17,000. This suggests that the selling that had picked up due to the FTX crisis may be reducing. Usually, smaller investors panic and…
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Is The Bay Area Housing Market Cooling Off?
The San Francisco Bay Area is well-known for its high cost of living and, more specifically, how expensive home prices are. This isn’t a new development; in fact, during the famous California Gold Rush, which began in 1848, residents of San Francisco were already complaining of how expensive things were. But, beginning with the original…
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Commerce Bank to acquire muni firm L.J. Hart
Commerce Bank is planning to acquire L.J. Hart & Co. to expand its products and services and overall capabilities to clients. Pending regulatory approval, St. Louis-based Commerce Bank will acquire the Chesterfield-based municipal bond underwriting and advisory firm to become a key part of Commerce Bank’s growing institutional fixed-income business that is currently operated by…
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Eurozone inflation falls more than expected to 10%
Inflation in the eurozone has fallen for the first time in 17 months, raising hopes that the biggest global price surge for a generation has peaked and easing pressure on central banks to continue increasing rates aggressively. A slowdown in energy and services prices helped inflation in the single currency bloc to fall more than…
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South Korea issues arrest warrant for Do Kwon’s former colleagues
Amid the ongoing manhunt for Terraform Labs co-founder and CEO Do Kwon, South Korean authorities have spread out their investigations to target other Terra executives. Prosecutors issued an arrest warrant for co-founder Daniel Shin and seven other engineers and investors of the firm following suspicion of gaining illegal profits before the massive collapse of the Terra…
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Yields fall, new deals well received as positive muni performance continues
Municipals were firmer Tuesday in a constructive secondary market while two large new-issues from the New Jersey Transportation Trust Fund Authority and the Commonwealth of Massachusetts led the primary. U.S. Treasuries were weaker, and equities ended down. Triple-A benchmark yields fell up to seven basis points on the short end, depending on the scale, while…
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Stocks making the biggest moves after hours: Workday, CrowdStrike, Horizon Therapeutics and more
In this article HZNP CRWD NTAP HPE ASTS WDAY Follow your favorite stocksCREATE FREE ACCOUNT CrowdStrike IPO at the Nasdaq exchange June 12, 2019. Source: Nasdaq Check out the companies making headlines in after-hours trading. Workday — Workday gained 6% postmarket Tuesday after earnings beat Wall Street estimates on both the top- and bottom lines.…
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Ethereum derivatives look bearish, but traders believe the ETH bottom is in
Ether (ETH) rallied 5.5% in the early hours of Nov. 29, reclaiming the critical $1,200 support. However, when analyzing a broader time frame, the 24% negative performance in the past 30 days significantly impacts investors’ sentiment. Moreover, investors’ mood worsened after BlockFi filed for bankruptcy on Nov. 28. Newsflow remained negative after the United States…
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The Best Baby Furniture And Decor As Seen At Prego Expo LA
Most baby furniture and decor is meant to be functional, but certainly not always stylish. So oftentimes designed-inclined parents are forced to choose between what reflects their own aesthetic and what’s best for the baby. Fortunately, it looks like many brands are starting to recognize this dilemma and are now creating everything from pack and…
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These are shaping up to be the best and worst luxury real estate markets for 2023
Residential villas on the waterside of the Palm Jumeirah in Dubai on Feb. 24, 2022. Russians were always among the top 10 nationalities investing in Dubai property, according to Tahir Majithia, managing partner at Dubai-based Prime Capital real estate. Christopher Pike/Bloomberg via Getty Images Wealthy investors betting on luxury real estate would do best by…
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Former state DOT official advances in bid to head federal highway agency
The Federal Highway Administration’s long-vacant top spot moved closer to being filled Tuesday after a key Senate panel endorsed former state transportation official Shailen Bhatt for the position. The FHWA administrator position has “been vacant for way too long,” said Sen. Tom Carper, D-Del., chair of the Environment and Public Works Committee, during a committee…
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Centrica chief warns of more energy supplier failures this winter
The head of British Gas-owner Centrica has warned that more UK retail energy suppliers will probably go bust this winter, with some who are “struggling for cash” already likely to be trading while technically insolvent. Chris O’Shea, head of Britain’s biggest energy supplier, said some of the larger UK energy providers were also at risk…
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Calls for regulation get louder as FTX contagion continues to spread
Crypto executives and politicians are becoming louder in their calls for crypto regulation as the aftermath of the FTX collapse continues to reverberate through the industry. In just the last 24 hours, the European Central Bank (ECB) president Christine Lagarde called regulation and supervision of crypto an “absolute necessity” for the European Union, while United…
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November on pace for best month since 1986
Municipals were better to start the week in constructive secondary trading while U.S. Treasuries pared back earlier gains to close the session mixed and equities ended in the red. Triple-A yields fell three to five basis points along the curve while UST were little changed to weaker by a basis point on the short end.…
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Defying forecasts, crude oil prices have wiped out most of this year’s gains and could head lower
In this article @LCO.1 @CL.1 Follow your favorite stocksCREATE FREE ACCOUNT Tom Kaye of Plymouth, Pennsylvania tops off his neighbor’s gas tank for them on at a gas station in Wilkes-Barre, Pennsylvania, U.S. October 19, 2022. Aimee Dilger | Reuters Oil prices are defying expectations and are barely higher on the year, as the outlook…
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