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Finance Chief Signals That Colombia Will Suspend Fiscal Rule
Colombian Finance Minister German Avila signaled that the nation will suspend its fiscal anchor and also called for substantial interest rate cuts. Complying with the fiscal rule, or balanced budget act, “as if it were a religion” would paralyze the state and the economy, Avila told bankers in a speech in Cartagena.
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Nonprime auto lenders’ average funding times fall
PLANO, Texas — Nonprime auto lenders are prioritizing efficiency and digital contracting to speed funding. Of at least 20 lenders surveyed in the 2025 Non-Prime Auto Finance annual survey, 64% said their average origination funding time was less than 25 hours, according to data shared at the Non-Prime Auto Financing Conference on June 5. This…
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Stock market today: S&P 500 hits 6,000 as Tesla rebounds amid Trump-Musk feud cooldown
A high-profile feud between President Donald Trump and billionaire Elon Musk reached a fever pitch on Thursday, triggering a $150 billion-plus wipeout in Tesla (TSLA) shares. The selloff came after Musk slammed Trump’s GOP-backed spending bill, prompting fiery responses from the president and raising concerns over the political risk now tied to one of…
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Trump tariffs live updates: US, China set for next round of talks after Trump-Xi call
The world’s largest consumer goods company, Procter & Gamble (PG), said on Thursday it will cut 7,000 jobs, approximately 6% of its total workforce, over the next two years as part of a new restructuring plan to combat falling consumer demand and higher costs due to tariffs. P&G said it also plans to exit…
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Campaign finance rewrite is nearing the finish line
A sweeping rewrite of Louisiana’s campaign finance laws is nearing final passage in the state Legislature, with provisions that would expand how politicians can spend donor money—on items like country club memberships, gym fees and Mardi Gras events—while reducing public transparency, Louisiana Illuminator writes. Sponsored by Rep. Mark Wright and backed by Gov. Jeff…
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Jimmy Buffett’s widow, finance manager file dueling lawsuits for control of $275M estate
Show Caption Hide Caption WATCH: Latitude Margaritaville Daytona Beach’s last new homeThe world’s first Jimmy Buffett-themed “55-and-older” active adult community recently sold its 3,73rd and final new home in Daytona Beach.”Margaritaville” icon Jimmy Buffett’s widow, Jane Buffett, is battling a co-trustee for control of the late singer’s estate.Jane Buffett said co-trustee Richard Mozenter has not…
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Spanberger talks campaign finance, Trump v. Musk, and Pride Month during Henrico stop
by Brandon Jarvis Democratic gubernatorial nominee Abigail Spanberger held a press event Friday morning to outline her plans for making housing more affordable in the commonwealth. She also took questions from reporters ahead of the announcement on a range of political topics. One of those questions focused on the ongoing public feud between the world’s…
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A New Framework for Personalized Portfolio Alignment
Published 6 hours ago on June 6, 2025 <!– View count beta – CS | 54 views –> Graphics & Design A New Framework for Personalized Financial Portfolio Alignment There’s a tension between clients’ need for personalization and the one-size-fits-all approach of model portfolios. Traditionally, wealth management firms check financial portfolio alignment based on…
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What is the bond market and why is everybody so worried about it?
The bond market is a financial market where governments, companies and investors can issue, buy and sell debt in the form of — you guessed it — bonds. For governments, selling a new bond raises the funds needed to finance public spending, while a business might use the proceeds for corporate operations or an acquisition.…
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The CRE Finance Council Unveils Its 2025 Class of ’20 Under 40′
CREFC celebrates young professionals from lenders, investors, borrowers, legal and accounting firms NEW YORK, June 6, 2025 /PRNewswire/ — The CRE Finance Council (CREFC), the trade association that exclusively represents the $6 trillion commercial and multifamily real estate finance industry, unveiled its 2025 class of accomplished ’20 Under 40′ professionals. The 2025 class will be introduced…
