New Jersey Transit’s newly released long-range capital plan lacks funding sources for nearly $6 billion in planned projects and has sparked calls for the state to shift its transportation priorities. The nation’s largest statewide public transportation system unveiled a $16.985 billion five-year capital program that identified $11.2 billion of available resources from state and federal
Month: June 2020
Brokers are seeing foreign buyers looking to scoop up real estate deals in Manhattan. Getty As the New York real estate industry navigates a new normal of slow sales and an oversupply of luxury listings, investment interest is coming from an unexpected place — Italy. Italian buyers, seeking a place to park their money as
A passenger walks through Reagan National airport as the novel coronavirus (COVID-19) pandemic continues to keep airline travel at minimal levels and the U.S. economy contracts in the first quarter at its sharpest pace since the Great Recession, in Washington, April 29, 2020. Kevin Lamarque | Reuters Direction requests Data from navigation tool Apple maps
Wilshire Phoenix Files Publicly-Traded Bitcoin Trust to Challenge Grayscale’s $3.4 Billion Dominance Wilshire Phoenix has filed to launch a publicly-traded trust called Bitcoin Commodity Trust (BCT) – putting the firm in direct competition with Grayscale Investments’ $3.4 billion bitcoin trust (GBTC). According to the June 12 filing with the U.S. Securities and … read more.
Housing choices are abundant, especially in urban areas, leaving many first-time homebuyers wondering which type of residence to buy. Each style of dwelling—condominium, townhouse, and detached home—has its pros and cons. Buyers should consider their lifestyles and budgets, as well as their level of desired involvement in home maintenance when deciding which style of home
Mastercard credit cards Roberto Machado Noa/ LightRocket via Getty Images How to find compelling stocks primed to outperform during a volatile second half of the year? Here are a few of the names the best-performing Wall Street analysts are betting on right now. As fears of a resurgence in the coronavirus sweep the globe, it could
Russia has denied that its nuclear power stations in the north-west of the country were responsible for a mild leak of radiation detected in Scandinavia last week. Rosenergoatom, the power-plant subsidiary of state-owned nuclear group Rosatom, said its installations near St Petersburg and Murmansk were operating normally. “Aggregated emissions of all specified isotopes in the
Mark Sedwill, the UK’s most senior civil servant, is expected to leave his position on Monday as Boris Johnson plans to split the senior Whitehall roles of cabinet secretary and national security adviser. Sir Mark, who has served as cabinet secretary since 2018 and national security adviser since 2017, has been “unhappy” recently, according to
Raymond James & Associates added two teams to its rolls in as many weeks — nine advisors who collectively managed $825 million in client assets at their old firms, according to their new employer. This continues Raymond James recruiting streak in recent months, despite the strictures imposed by the coronavirus pandemic. Most recently, the firm
©hd3dsh – stock.adobe.com Personalizing your response to 2020’s Bear Markets, Recession, Pandemic and the rest of the hurdles to building and protecting wealth It’s just another lazy summer in the midst of a boring, nondescript year. Oh, wait, that was last year’s message at this time. 2020 has been a time of great adjustment for
Share Now: KATHMANDU, JUNE 27 Bullion price remained steady in the trading week between June 21 and 26. According to the Federation of Nepal Gold and Silver Dealers’ Association (FeNeGoSiDA), gold was traded at Rs 90,600 per tola on Sunday and on Monday gold price increased by Rs 400 a tola to settle at Rs
There is far more paper than product… submitted by J. Johnson via JS Mineset Great and Wonderful Finally-a-Friday Folks, Gold is higher in the early morning with the trade at $1,775.60 up $5 and close to the high at $1,778.90 with the low down at $1,765.60. Silver is adding more to yesterday’s gains with
Stocks sold off sharply on Friday as investors are in the process of re-positioning portfolios for the second half of the year. The S&P 500 fell 2.9% this week, led by cyclical groups like Energy and Financials. Coronavirus Update While it may no longer be the top news story, the coronavirus pandemic is still with
by Fabius Maximus Summary: The New York Times, as usual, leads the way into the Crazy Years. They remind us that this is no joke, but a descent into madness – a betrayal of the dreams that motivated so many Americans for two centuries. It is a straw showing a wind blowing us into evil. Do
Despite seeing substantial growth in popularity, topping Google search trends amid the recent halving, the coronavirus pandemic and mainstream coverage, the cryptocurrency industry has somewhat been left out of the advertising world by online ad networks, social media platforms and even national governments. In 2018, Facebook banned cryptocurrency advertising amid the initial coin offering hype.
We are rating any school district that is a standalone entity that can issue its own debt,” said Rachel Cortez, associate managing director at Moody’s Investors Service. Up to 600 school districts could face rating changes from Moody’s Investors Service under a new methodology the service is considering. Municipal advisers who work with school districts,
Palm Springs’ luxury market is seeing increased activity Getty Here’s the luxury housing market update from realtor.com. The latest numbers tell a positive story according to Javier Vivas, realtor.com’s director of research. “I was surprised when I saw the data telling us luxury buyers are back in full force.” As stock market volatility continues Vivas,
Wilshire Phoenix Files Publicly-Traded Bitcoin Trust to Challenge Grayscale’s $3.4 Billion Dominance Wilshire Phoenix has filed to launch a publicly-traded trust called Bitcoin Commodity Trust (BCT) – putting the firm in direct competition with Grayscale Investments’ $3.4 billion bitcoin trust (GBTC). According to the June 12 filing with the U.S. Securities and … read more.
Stock investors can be jumpy sorts. When a chief executive officer (CEO) leaves a company, they want to know why. When a new CEO comes in, they worry whether that’s going to be good or bad for the bottom line. Good or bad, it’s news, and news generally makes a stock more volatile in the
Europe’s economic recovery from the coronavirus pandemic is well under way, according to sentiment indicators, high-frequency measures and hard data — but activity remains far below normal levels, suggesting that the recovery from recession will be a struggle. The continent’s workers and consumers began to return to work, shopping and dining out from last month onwards, generating
Coronavirus has interrupted the supposedly inexorable rise of the middle classes. Once a trend on which the hopes of governments and purveyors of everything from shampoo to financial services were predicated, middle-class growth has been partially furloughed. In its place: rising poverty. According to the World Bank, the pandemic will tip up to 60m people
Credit Suisse has frozen plans for a wealth management hub in Miami to attract billions in new money from the rich in Latin America, two people familiar with the matter said. The early-stage discussions have cooled because legal considerations and investment costs outweighed expected returns, the people said, asking not to be identified because the
Getty The Department of Labor announced on June 3rd that retail 401(k)s and other defined contribution plans would now be able to invest in private equity funds as a part of a diversified asset allocation fund, such as a target-date fund. The ruling allows for the plan fiduciary to allocate assets to a private equity
© Reuters Declining trend in natural gas prices will reverse shortly Sakina Mandsaurwala Precious metal gained last week on renewed fears about rise in COVID-19 cases, gold prices increased by 1.8 percent and silver prices climbed by near a percent last week. Base metals prices remained sideways on rising economic uncertainty and weaker industrial demand.
The costs of being victimized is just one of many reasons homeowners & businesses may realize life & business in core cities has lost its luster… by Ryan McMaken of Mises Institute Manufacturing company 7-Sigma made headlines when it decided to leave Minneapolis as a result of the company’s plant being burned by rioters. “They don’t care
Unfortunately, the coronavirus isn’t going anywhere just yet, as the surge of infections in parts of the US shows no signs of slowing down. In many areas, the number of cases has continued to rise; Seven states — Arizona, Arkansas, California, North Carolina, South Carolina, Tennessee and Texas — reported the highest amount of hospitalizations
by David Haggith Bloomberg reported this week that thirteen US companies (in the 50-million-plus size) filed for bankruptcy last week. That brought the total for the big boys and girls this year to 117, which matches the record peak for the first half of a year set in 2009. Already running consistently higher than last year
A Russian national behind the cybercriminal enterprise Infraud Organization has pleaded guilty on June 26 to racketeering conspiracy, due to his role as a co-founder and admin of the dark web-based carding portal which generated profits over $568 million. According to the announcement made by the U.S. Department of Justice, or DOJ, 33-year-old Sergey Medvedev,
While state and local governments can use some stimulus from the federal government, an infrastructure plan may be easiest to pass because Democrats and Republicans support it, one economist said. “This would be an ideal time to put money back into the infrastructure, which becomes very productive for the country in the longest of runs,”
Founder, managing member of PointOne Holdings, owners of a diversified portfolio of multifamily assets valued in excess of $730 million Getty As cities and businesses begin to reopen following weeks or months of stay-at-home orders, many sectors of the economy face the reality of a downturn. Amid that climate of uncertainty, multifamily remains strong as an
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