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COVID-19 stimulus spending caused 2021 state expenditure estimates to sky-rocket to the highest level in 35 years. That was according to the Fiscal 2019-2021 State Expenditure Report released by the National Association of State Budget Officers Friday. Total state spending reached $2.65 trillion in fiscal year 2021, a jump from the $2.28 trillion observed in
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Telecom Italia is to hold an emergency board meeting on Sunday to evaluate a takeover offer from US private equity group KKR, a deal that would be one of the largest telecoms buyouts of all time. KKR already holds a 37.5 per cent stake in Telecom Italia’s “last mile” network but has moved to make
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Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week The Bitcoin network welcomes Taproot soft fork upgrade The Bitcoin
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The Securities and Exchange Commission Friday censured a McKinsey & Co. affiliate and ordered it to pay $18 million to settle allegations that MIO Partners had access to material nonpublic information about issuers, including Puerto Rico, while it was overseeing investments that included the issuers’ securities. Active partners at McKinsey acting as restructuring consultants for
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Victor F. “Trey” Trahan III, FAIA, the founder and CEO of Trahan Architects, has been selected as this year’s Laureate of The American Prize for Architecture by both The Chicago Athenaeum: Museum of Architecture and Design and The European Centre for Architecture Art Design and Urban Studies. Trahan Architects is a global architecture firm with
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Municipals were stronger Friday on the back of the U.S. Treasury rally amid concerns of rising COVID-19 outbreaks in Europe. Triple-A benchmarks were bumped by one to three basis points beginning around the five-year mark with the larger moves out longer, but the asset class underperformed the five- to six-basis point moves in UST. Ratios
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During a contentious meeting of the Louisiana Bond Commission Thursday, J.P. Morgan Chase was disqualified from underwriting a $700 million bond refinancing due to unanswered questions about its gun policies. State Treasurer John Schroder and his staff announced the decision to recommend that Wells Fargo Corporate & Investment Banking underwrite the deal after he said
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The logo of China Evergrande is seen at outside China Evergrande Centre building in Hong Kong, China September 23, 2021. Tyrone Siu | Reuters BEIJING — Highly indebted property developer China Evergrande will likely default because the company has essentially lost its main business, S&P Global Ratings analysts said in a report Thursday. Evergrande was
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These Value ETFs should be a part of any core, long-term focused portfolio. Vanguard Value ETF: https://www.zacks.com/funds/etf/VTV/profile?cid=CS-YOUTUBE-FT-VID Schwab U.S. Large-Cap Value ETF: https://www.zacks.com/funds/etf/SCHV/profile?cid=CS-YOUTUBE-FT-VID SPDR Portfolio S&P 500 Value ETF: https://www.zacks.com/funds/etf/SPYV/profile?cid=CS-YOUTUBE-FT-VID Microsoft: https://www.zacks.com/stock/quote/MSFT?cid=CS-YOUTUBE-FT-VID Berkshire Hathaway: https://www.zacks.com/stock/quote/BRK.B?cid=CS-YOUTUBE-FT-VID Johnson & Johnson: https://www.zacks.com/stock/quote/JNJ?cid=CS-YOUTUBE-FT-VID JPMorgan-Chase: https://www.zacks.com/stock/quote/JPM?cid=CS-YOUTUBE-FT-VID Exonn-Mobile: https://www.zacks.com/stock/quote/XOM?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: stocktwits.com/ZacksResearch Follow us on Twitter: twitter.com/ZacksResearch Like us
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In a briefing Thursday on state and local finances, industry and local leaders agreed that climate change presents both possibilities and challenges for the municipal market. “One of the themes that we really try to hammer home with our clients…and stakeholders…is that the municipal market is on the frontlines of climate change,” said Timothy Coffin,