US GDP Report Set to Highlight Immigration-Driven Economic Boom
Initial data on US gross domestic product for the first quarter of 2024 is set to confirm an ongoing economic boom amid a tailwind from surging immigration.
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Initial data on US gross domestic product for the first quarter of 2024 is set to confirm an ongoing economic boom amid a tailwind from surging immigration.
Oracle Corp. is moving its headquarters out of the city. Tesla Inc. is pulling back after a rapid expansion. Almost a quarter of commercial office space is vacant, and nowhere in the country have residential real estate prices fallen further from their pandemic peak.
Mortgage rates in the US increased for a fourth straight week.
It’s independents, a growing voting bloc, who drive election victories in the swing state, where the GOP is rushing to defuse abortion as an issue.
Pending sales of existing US homes in March reached their highest levels in a year in spite of persistently high borrowing costs and a low supply.
Jun 30, 2020
Bloomberg News
,(Bloomberg) --
Dubai World made a final payment of $8.2 billion to creditors two years ahead of schedule, completing a debt restructuring that weighed on the emirate for almost a decade.
The government-owned conglomerate made the payment -- due in September 2022 -- using funds from its portfolio of companies, it said in a statement on Tuesday. The company has repaid $18.9 billion to creditors since 2011.
It comprises a $16.9 billion repayment to original lenders, including capitalized payment in kind, as well as $2 billion in cash interest.
The repayment was achieved through:
“The full repayment represents an important milestone for both Dubai World and for Dubai,” Dubai World Chairman Sheikh Ahmed Bin Saeed Al Maktoum said in the statement. “Dubai World will focus on streamlining and strengthening its efforts to deliver long-term value for all stakeholders.”
©2020 Bloomberg L.P.