Month: November 2020

COVID-19 related curbs on economic activity in Massachusetts triggered a downgrade on Wednesday from S&P Global Ratings, which lowered its rating on the commonwealth’s Series 2004 special obligation dedicated tax revenue bonds and Series 2005 revenue refunding bonds two notches to BBB-plus from A. The outlook is negative. “The downgrade reflects a significant drop in
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The Asia-Pacific region enjoys stability as a whole, and broad and multiple forms of regional cooperation has produced market results. – Wu Bangguo The iShares Asia 50 ETF (NASDAQ:AIA) enables prospective investors to dabble with 50 of the largest Asian stocks. In this article, I will highlight some of the good and bad aspects of
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New York apartment owners are open to generous concessions to renters getty Here’s The “2020 State of the American Renter Report” from Zumper.com, the largest privately held rental marketplace in the United States. This year’s report included Zumper’s 2020 Annual Renter Survey Results and 2020 US Rental Market Analysis. It’s no surprise that the country’s rental market
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U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell are seated to testify before a House Financial Services Committee hearing on oversight of the Treasury Department’s and Federal Reserve’s coronavirus disease (COVID-19) pandemic response on Capitol Hill in Washington, U.S., September 22, 2020. Joshua Roberts | Reuters The Federal Reserve could provide clues
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Demonstrators display signs calling for an end to evictions and foreclosures during a rally at Boston Housing Court outside the Edward W. Brooke Courthouse on Oct. 29, 2020. David L. Ryan/The Boston Globe via Getty Images Expiring state eviction bans have led to hundreds of thousands of additional coronavirus cases, new research finds, raising alarm
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Federal Reserve officials discussed providing more guidance on their bond-buying strategy during their Nov. 4-5 policy meeting. “Many participants judged that the Committee might want to enhance its guidance for asset purchases fairly soon,” according to meeting minutes published Wednesday by the Fed. In addition, “most participants judged that the guidance for asset purchases should
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Illinois will borrow $2 billion through the Federal Reserve’s short-term lending program that expires at the end of the year, Gov. J.B. Pritzker announced Wednesday. The state had been weighing how much to tap of the $5 billion in authority granted by state lawmakers in the spring when they signed off on the $43 billion
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Richard Newstead | Moment | Getty Images Drones have arrived on Wall Street. Goldman Sachs, the world’s top mergers advisor, is among investment banks using drone technology to give its clients a bird’s-eye view of the companies they are bidding on, according to Stephan Feldgoise, the firm’s global co-head of mergers and acquisitions. After Covid-19
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This is a crucial moment for the Invesco S&P 500 High Beta ETF (SPHB). The fund has been on an impressive winning streak. For the month of November alone, fueled by the end of the election cycle and back-to-back positive news on the rollout of a coronavirus vaccine, SPHB has been up an impressive 27%
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