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Arizona reactivated a bond program to help rural communities and tribal governments finance infrastructure projects. The Greater Arizona Development Authority (GADA), which had been dormant for nearly 10 years, began offering financial assistance this month, Gov. Katie Hobbs announced this week. “By reinvigorating this tool, we are providing an opportunity to leverage existing funds to
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When Wisconsin priced $253.755 million of general obligation refunding bonds for forward delivery on July 23, it was the state’s second forward delivery deal in recent months. On Feb. 27, Wisconsin had priced $89.02 million of GO refunding bonds, 2025 Series 1, for forward delivery. The state taxable and federally tax-exempt bonds, to be delivered
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As the market lurches from the effects of possible rate cuts to a less than stellar employment report, some industry leaders are dubious about negative forecasts for the near future. “Many economists on the street are now penciling in a 50-basis point fund rate cut in September and November, with 25 point cuts thereafter,” said
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Kamala Harris’ selection of Minnesota Governor Tim Walz to be her vice president in the 2024 race catapults the former geography teacher, veteran and former Congressman to the national stage and with it, his long track record as a champion for local issues. Walz follows Walter Mondale, vice president to Jimmy Carter, and Hubert Humphrey
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The wagons are circling around anti-environmental, social, and governance laws enacted in Texas and Oklahoma amid a flurry of studies on their financial impact and congressional scrutiny. The two states were early enactors of laws that led to the blacklisting of more than 20 financial firms, including municipal bond underwriters, for “boycotting” or “discriminating” against
In this article BRK.A AAPL Follow your favorite stocksCREATE FREE ACCOUNT Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024. David A. Grogen | CNBC Warren Buffett sent shockwaves through the investing world over the weekend by slashing his big Apple stake by half,
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The California Supreme Court has extended to Sept. 6 its decision to deny or grant review in a case challenging San Jose’s pension obligation bond validation. The high court has at least 60 days to make a decision after a request for review is filed, and that deadline was drawing near in the San Jose
Record inflation may have people questioning whether homeownership is still a good investment. Home prices have been rising faster than incomes, which can be a problem for homeowners because as the value of a home rises, so does the cost to maintain it. More than 1 in 4 homeowners with mortgages are considered “cost-burdened,” meaning
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A for sale sign in front of a home in Arlington, Virginia, on August 22, 2023. Andrew Caballero-Reynolds | AFP | Getty Images The average rate on the popular 30-year fixed mortgage dropped 22 basis points to 6.4% Friday, according to Mortgage News Daily. That is the lowest rate since April 2023. The 15-year fixed
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Customers are trying on and learning about Apple Vision Pro headsets at an Apple store in Shanghai, China, on July 22, 2024. Costfoto | Nurphoto | Getty Images Check out the companies making headlines in extended trading: Intel — The chip stock sank 17%. Intel said it would suspend its dividend in the fiscal fourth
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