New initiative investing millions in affordable housing
VIRGINIA BEACH, Va. (CBS19 NEWS) — A major investment aims to help address the need for workforce housing.
On Thursday, Governor Glenn Youngkin announced the Workforce Housing Investment Program, a Virginia Housing initiative.
According to a release, this initiative will invest $75 million over five years with the potential to catalyze $750 million and build 5,000 units of workforce housing through economic development projects across Virginia.
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Read MoreNasdaq falls 2%, S&P, Dow drop as Wall Street rethinks pace of rate cuts
Michael M. Santiago
Major averages dropped Friday as Wall Street reassessed what’s next for the Federal Reserve’s rate-cutting cycle, driving stocks further into the red for the week following a massive advance fueled by Donald Trump’s re-election as U.S.
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Read MoreStock market today: Indexes tumble after Fed comments dent December rate-cut odds
- Stock indexes retreated as investors digested Thursday commentary from Fed Chair Jerome Powell.
- The odds of a 25-basis-point rate cut in December fell sharply after Powell’s address.
- Bond yields also climbed on the comments, and amid signs of economic strength.
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- The S&P 500 jumped 5% in the week after the U.S. presidential election, topping $6,000 for the first time.
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Trump tariffs could shrink UK economy by nearly 1%, warns think tank
LONDON
US President-elect Donald Trump’s trade policies could have a significant blow to the UK economy, with economists estimating a nearly 1% contraction in GDP if harsh tariffs are imposed.
The Centre for Economics and Business Research (CEBR) on Monday projected that the UK economy could face substantial fallout if the US adopts a protectionist stance under Trump’s leadership.
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Read MoreThe Burst
Market Commentary: Little-known Dutch Stock Is Soaring
Some stocks just don’t get a lot of notoriety but they deserve the plaudits. In the United States if you were to ask someone to name a digital payment processor, you would likely hear the names Square or Stripe, but the odds are Adyen wouldn’t rank highly in a poll.
It’s with good reason that the Dutch firm flies under-the-radar.
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Read MoreThe Ivy
32% Gain In 11 Weeks Starts Now?
What are the odds that a boring consumer stock is about to skyrocket? It’s hard to predict major moves in advance unless you have an edge or an insight. And that’s precisely what the historical chart pattern of Ollie’s Bargain Outlet Holdings stock shows.
You see over the next 3 months, Ollie’s has historically gone on a tear,
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Read MoreThe Spotlight
Sell This Stock Now? Ask Questions Later
NVIDIA Corporation (NVDA) is a well-known name in the tech industry, and for a good reason. The company has been a significant player in the development of graphics processing units (GPUs) that power gaming and is a leader in chips that were foundational to crypto and AI applications.
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