A prolonged federal government shutdown would have negative credit implications for New Jersey Transit and other transportation agencies not felt in past budget standoffs, according to Moody’s Investors Service. Moody’s analyst Baye Larsen noted in a Jan. 10 report that transportation systems like NJ Transit that rely heavily on federal grants will be most impacted
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Wall Street’s recent distaste with the retail sector is evidence that the economic layout is changing for public retail companies, CNBC’s Jim Cramer said Thursday as the group slid on holiday sales disappointments. “Welcome to the new economy,” Cramer said. “Going forward, you need to understand that not all retailers are created equal anymore, and
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The world’s eighth-largest cryptocurrency, TRON (TRX), is making quite the bull-run this week. Throughout the entire crypto community, it is known that TRX, in the past, has been ‘pumped up’ on announcements of ‘potential partnerships.’ Justin Sun, TRON’s founder, is notorious for these types of marketing schemes via Twitter. Is this the cause of TRX’s
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Almost all the furniture in this photo is part of the $2 million collectionConcierge Auctions “This term ‘play the market’. That verb is very dangerous,” says Peter Lynch, in his Forbes interview as one of the 100 Greatest Living Business Minds. He is speaking of stocks, naturally, as former portfolio manager of Fidelity Magellan Fund, but he could
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The Port Authority of New York and New Jersey announced Monday the opening of its new Port Jersey rail facility that culminates a $600 million capital investment program first conceived in the 1990s aimed at establishing direct rail access to on-dock and near-dock intermodal rail services at all of its major marine terminals. The rail
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Investors shouldn’t wait for “ironclad proof” that business is improving at Micron, Nvidia and Lam Research before they buy the semiconductor companies’ stocks, CNBC’s Jim Cramer said Wednesday as stocks inched higher. “If you wait for ironclad proof that a troubled business has turned itself around, you’ll miss most of the upside from that turn,”
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WASHINGTON — The partial shutdown of the federal government has halted Internal Revenue Service tax-exempt bond audits and negotiations under the Voluntary Compliance Agreement Program. It’s also unclear if monthly federal subsidy payments on Build America Bonds will be made. IRS officials who might answer that question have been furloughed. Rep. Richard Neal, D-Mass., chairs
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Reluctance to tiny homes shows Americans’ commitment to bigger is better.CustomMade In so many major markets across the country, leaders have their heads down, penciling solutions to the lack of affordable housing. They are changing zoning regulations and removing other hurdles that are making it difficult for developers to feasibly provide adequate, affordable housing for
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As the government shutdown drags into its 17th day, banks and credit unions are offering accommodations to federal workers who’ve seen their paychecks stop. Some 420,000 employees are considered “essential,” and are working without pay, while another 380,000 have been ordered to stay home, according to calculations provided to CNBC by Paul Light, a professor
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