A man walks past the U.S. Capitol building in Washington, June 25, 2020. Al Drago | Reuters The number of homeowners in government and private sector mortgage bailout plans declined for the second straight week, as borrowers who got in earliest saw their plans expire. More borrowers, however, are getting extensions of those initial three-month
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Financial challenges posed by the COVID-19 pandemic have not slowed long-term capital initiatives at some of the nation’s largest public power utilities. “Our board, despite the economic times, is not giving me any breaks in terms of what they expect us to achieve,” Long Island Power Authority CEO Tom Falcone said Thursday during a digital
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President Harry Truman signed the US up to the World Health Organization in 1948 with the “hope and expectation” it would “help liberate men everywhere from the overhanging dread of preventable disease”. This week President Donald Trump moved to rip the US out of the UN body over its performance during the coronavirus pandemic —
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Wide-spread mask wearing and following other health-care measures will be vital to economic growth in the U.S., said Federal Reserve Bank of Dallas President Robert Kaplan. “While monetary and fiscal policy have a key role to play, the primary economic policy from here is broad mask wearing and good execution of these health-care protocols,” Kaplan
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A battle heats up between a deep-research investor with a private equity mindset and an underperforming small cap software stock. This is a textbook case of good activism — a company with poor operating history, horrible corporate governance, underperforming stock, overpaid CEO and a large, long-term shareholder with a very friendly and reasonable request with impressive
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A customer leaves an ATM at a Wells Fargo branch in Denver. Rick Wilking | Reuters Check out the companies making headlines in midday trading:  Gilead Sciences — Gilead gained 2.1% after saying its coronavirus treatment candidate drug, remdesivir, was associated with an improvement in clinical recovery and a 62% reduction in the risk of mortality compared
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After an unprecedented first half of 2020, what could the next six months bring? Here is what five … [+] housing economists and experts anticipate. Getty Mortgage rates are searching for a historic bottom. Home prices are inching up toward record highs. Home shoppers are looking for deals. Homeowners are weighing selling versus refinancing. A
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President Donald Trump has commuted the prison sentence of Roger Stone, a confidante and self-described political “dirty trickster” in a Friday evening move that sparked widespread anger from Democrats. Mr Trump made the controversial move four days before Mr Stone, 67, was scheduled to start a 40-month sentence at a prison in Georgia. Mr Stone,
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Joe Biden and Donald Trump Ron Adar | Echoes Wire | Barcroft Media via Getty Images; Mandel Ngan | AFP | Getty Images Goldman Sachs is warning that the upcoming presidential election could see delayed results, and is therefore recommending that clients hedge their market bets through December in anticipation of heightened volatility through November.
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Founder and CEO of The Raisner Group (formerly Proteus Capital Management), a private real estate investment firm in New York City.  Getty In the future, will we all work from home? This is one of the most-asked questions resulting from the Covid-19 shutdown — understandably so, after a long nationwide experiment in working remotely and handling meetings
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President Donald Trump travelled to Florida on Friday despite the widening coronavirus outbreak in the state, which reported a near record increase in new infections and related fatalities over the past 24 hours. Mr Trump arrived in Miami, where he was due to discuss drug interdiction efforts with the US Navy admiral in charge of
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As New York City goes, so goes urban centers across the U.S., according to Ryan Schneider, chief executive of Realogy Holdings. The coronavirus pandemic has pushed city dwellers and potential homebuyers to flee dense areas like New York and parts of California for suburban locations as Americans spend more time at home than before. While
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