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Moody’s Investors Service boosted Denver International Airport’s bond ratings a notch ahead of a $1.84 billion sale for its current capital plan. The senior revenue bond rating was raised to Aa3 from A1 and the rating on subordinate revenue bonds was upgraded to A1 from A2, affecting about $5.2 billion of outstanding debt.  “The ratings
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The municipal bonds that helped finance the nation’s second largest mall are showing signs of wobbling. The American Dream mall in East Rutherford, New Jersey, was delayed for years, then opened shortly before the COVID-19 pandemic. On June 3, the trustee for $800 million of bonds said in a notice posted on the Municipal Securities
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Deutsche Bank has updated its recession forecast. The bank’s economists now see “an earlier and somewhat more severe recession” than previously predicted. “The Fed has undertaken a more aggressive hiking path, financial conditions have tightened sharply and economic data are beginning to show clear signs of slowing,” said the economists. Deutsche Bank’s Recession Forecast Deutsche
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Eleven U.S. sites were chosen Thursday to host some of World Cup soccer matches in 2026, an event that could add millions of dollars to a municipality’s coffers. FIFA, the governing body of international soccer, said Miami-Dade County, Atlanta, Philadelphia, Boston and the New York-New Jersey area were among the 11 U.S. locations chosen to
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Layer-2 scaling solution Synthetix recently collaborated with liquidity provider Curve Finance to create Curve pools for sETH/ETH, sBTC/BTC, & sUSD/3CRV, allowing investors to cheaply convert synths such as sETH to Ether (ETH). Given the investors’ willingness to hold tokens instead of synths, the protocol racked up over $1.02 million in trading fees — overshadowing Bitcoin’s
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Juneteenth, known as Freedom Day, Emancipation Day, Jubilee Day and Liberation Day, commemorates the day in 1865 when the federal army reached Texas to ensure that enslaved people in the state were freed. Union General Gordon Granger brought news of the end of the war and the Emancipation Proclamation, which had been signed more than
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President Emmanuel Macron was on course to lose his majority in France’s National Assembly on Sunday night, after a strong showing in legislative elections by a left-green opposition alliance and a late surge from the extreme right. Initial results and projections by polling agencies after voting stations closed showed that Macron’s centrist Ensemble (Together) alliance
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