Financial

Vornado completes $ 525 million refi of One Park Ave.

Vornado Realty Trust has completed a refi of One Park Ave., a 943,000 square foot office building in Manhattan of which it owns 55%. The $ 525 million interest-only CMBS loan bears a LIBOR plus 1.107% rate and matures in February 2026. The loan replaces the previous $ 300 million …

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Inaugural address continues into day two as Biden continues to list the biggest issues facing the nation

“Child poverty, infrastructure, cyber warfare, forest fires, opioids,” added the president. “Immigration, unemployment, relocation, firearms”. WASHINGTON — Continuing breathlessly with no sign of an imminent stop, President Joe Biden’s inaugural address continued on Thursday to day two as he continued to list the biggest problems facing the nation. “Child poverty, …

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Celsius Network announces over 25 cryptocurrencies as loan collateral

LONDON, July 29, 2020 / PRNewswire / – Celsius Network today announced the offer of loans against 26 different cryptocurrencies. From today, every asset accepted into the Celsius Network wallet will also be approved for loan guarantee. Users can now borrow stable and fiat coins against any asset they hold …

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reports envision a leading role for nuclear in this administration | Hogan Lovells

On February 16, the Nuclear Innovation Alliance (NIA) and the Partnership for Global Security (PGS) released a report to help guide the Biden administration in its support for nuclear as part of the president’s ambitious climate agenda. The report, United States Advanced Nuclear Energy Strategy for National Prosperity, Climate Protection, …

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Cinemas Struggle With Debt As Coronavirus Crisis Worsens

Time is running out for cinemas. As coronavirus cases increase in the United States, theaters across the country are seeing their reopening plans threatened, putting a strain on a part of the economy hit hard by the public health crisis. For years, movie chains like AMC and Cineworld embarked on …

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Why Millennials Rent Rather Than Buy Houses

After several years in Ravenswood, Kemi Adeodu ​​moved to the South Loop this summer. A condo might have made sense for Adeodu, 34, who finally finished paying off his student loans two years earlier. In fact, her mother and sister asked her about the prospect. But Adeodu ​​didn’t really consider …

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10-Year US Treasury Borrowing Rate on Repo Market Turns Negative, Indicating Stress

NEW YORK, March 4 (Reuters) – The cost of borrowing 10-year U.S. Treasuries in the overnight, or repo, market turned deeply negative on Thursday, analysts said, as investors were looking to sell the notes short, causing tension in the market. Negative rates in the repo market, which is important to …

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Micron Profits: Demand for memory chips has pushed stocks to the highest prices since the dot-com boom

Micron Technology Inc. is expected to release a profit report compared to a quarter ago, as prices and demand for memory chips have slowed down. Micron UM, -2.67% is expected to release its first quarter results after the bell on Thursday, following a disappointing forecast in its latest earnings report. …

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White House prepares last-minute $ 27 billion spending cut plan

The Trump administration was preparing a package of $ 27.4 billion of spending cancellations to be sent to Capitol Hill, likely Wednesday, which, once sent, will temporarily suspend funds at least until the budget team of the President-elect Joe Biden sits. The cancellation request, which allows the executive to try …

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Fed lowers Main Street loan threshold to $ 100,000

Dive brief: The Federal Reserve fell for the third time on Friday – to $ 100,000 – the minimum threshold of loans available under the Main Street Lending Program. The central bank is waiving the 1% fee it collects from borrowers on loans under $ 250,000, but it will allow …

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