May 9, 2025

business

Investment

Axiom space to send more passengers to orbit

Space tourism is getting a boost. Axiom Space, which flies both private and government missions, secured “hundreds of millions” in additional investment this week at a $2 billion valuation, sources told me — with the goal of exponentially scaling their footprint in space and creating the world’s first commercial space station. Since launching in Texas

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Investors

Stock market today: Global shares skid as investors await more Trump tariffs

HONG KONG — Global shares were mostly lower Friday as investors mulled uncertainties brought by U.S. President Donald Trump’s latest tariffs. The future for the S&P 500 lost 0.4% and that for the Dow Jones Industrial Average retreated 0.2%. In Europe, Germany’s DAX declined 0.6% to 22,537.65 and the CAC 40 in France slid 0.5%

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Funds

Home-hardening grant program frees $103 million in unspent funds

More than $100 million in state grant funding has been left unclaimed by My Safe Florida Home program applicants, and grant hopefuls are urged to immediately take steps to claim $10,000 for home-hardening projects. The money is being reallocated from homeowners who completed their inspections and paperwork but did not follow through by completing their

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Mortgage

Average US rate on a 30-year mortgage falls slightly

By ALEX VEIGA, AP Business Writer The average rate on a 30-year mortgage in the U.S. fell slightly this week, a welcome reversal for homebuyers in what is traditionally the busiest time of the year for the housing market. The rate fell to 6.65% from 6.67% last week, mortgage buyer Freddie Mac said Thursday. A

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Banking

Barclays layoffs to cut 78 jobs in North Jersey at banking giant

2-minute read Filing for New Jersey unemployment guide Step-by-step guide to navigating New Jersey’s unemployment filing process online. Megan Fernandes and Katie Sobko, NorthJersey.com Barclays indicated that the layoffs this summer were being done to “align staffing to current and expected business needs.” In 2024, the British banking firm laid off 70 people in Whippany,

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Banking

Blue Federal Credit Union Partners with Lumin to Launch Blue Business Banking

A digital banking solution designed to empower businesses with seamless financial management tools Cheyenne, Wyoming, March 25, 2025 (GLOBE NEWSWIRE) — Blue Federal Credit Union is excited to announce a groundbreaking partnership with Lumin to introduce Blue Business Banking, a digital banking solution designed to empower businesses with seamless financial management tools. Blue Business Banking

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Crypto

Crypto fraudster sentenced to 10 years in jail

Mfundo Manci pleaded guilty to multiple charges on behalf of himself and his company, Crypto Mzansi Group (PTY) LTD. A 33-year-old cryptocurrency fraudster has been sentenced to ten years for defrauding and misleading clients by promising high returns. Mfundo Manci appeared in the Durban Specialised Commercial Crimes Court on Tuesday, where the sentence was handed

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Investment

What they’re saying about Hyundai’s $5.8 billion investment in Ascension Parish

“Louisiana wins again,” was the headline as Gov. Jeff Landry and Louisiana Economic Development trumpeted the official announcement of the $5.8 billion Hyundai steel plant planned for the Donaldsonville area of Ascension Parish. President Donald Trump hosted Landry and several elected officials in the Roosevelt Room of the White House to deliver the monumental news

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Investment

What they’re saying about Hyundai’s $5.8 billion investment in Ascension

“Louisiana wins again,” was the headline as Gov. Jeff Landry and Louisiana Economic Development trumpeted the official announcement of the $5.8 billion Hyundai steel plant planned for the Donaldsonville area of Ascension Parish. President Donald Trump hosted Landry and several elected officials in the Roosevelt Room of the White House to deliver the monumental news

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Banking

Banking on Southern California’s Recovery

For Bank of America’s Raul Anaya, wildfire relief efforts are now a full-time job Raul Anaya has found his next big project. He’s been tapped by the chief executive of Bank of America to step back from his day-to-day role as national head of business banking, one of eight major lines of business for the

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