Federal

Orbit International Electronics Group Reports Bookings for February 2024 in Excess of $2,000,000

Retrieved on: 
Wednesday, March 13, 2024
Growth, VPX, Binder, OEG, Disclosure, Electronics, News, OPG, AC, COTS, Federal

HAUPPAUGE, N.Y., March 13, 2024 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTC Expert Market:ORBT), an electronics manufacturer and software solution provider, today announced that its Electronics Group (“OEG”) reported bookings for the month of February 2024 in excess of $2,000,000.

Key Points: 
  • HAUPPAUGE, N.Y., March 13, 2024 (GLOBE NEWSWIRE) -- Orbit International Corp. (OTC Expert Market:ORBT), an electronics manufacturer and software solution provider, today announced that its Electronics Group (“OEG”) reported bookings for the month of February 2024 in excess of $2,000,000.
  • Deliveries for the February 2024 orders have already commenced and are expected to continue through the first quarter of 2026.
  • Furthermore, the OEG reported that in March 2024 it also received an order for approximately $1,668,000 for a product used in a military aircraft program.
  • Deliveries for these awards will commence in the fourth quarter of 2024 and continue through the third quarter of 2025.

First Responders Children’s Foundation Invites Children of First Responders To Apply for Scholarships

Retrieved on: 
Tuesday, March 12, 2024
Rock (geology), Verizon Communications, Mentorship, TIAA, Emergency medical technician, Universal Music Group, U.S. state, Devon Energy, CSX, PwC, Scholarship, Dream, MacKenzie Scott, Firefighter, Parent, Scooter Braun, Federal, Nursing

The program awards scholarships to children of first responders who are pursuing post-secondary education at college, trade school or post-graduate programs.

Key Points: 
  • The program awards scholarships to children of first responders who are pursuing post-secondary education at college, trade school or post-graduate programs.
  • The Scholarship Program, now in its 22nd year, provides financial assistance to children whose parent serves or has served as a first responder.
  • Scholarships are awarded based on financial need, academic merit and achievements such as demonstrated leadership and volunteer activities benefiting the community.
  • The families of these brave heroes deserve our support, and we owe it to them to provide scholarships so that their children can reach their full potential,” said Jillian Crane, President and CEO of First Responders Children's Foundation.

CDC Traveler-based Genomic Surveillance Program to Expand to Two New US International Airports in Miami and Chicago

Retrieved on: 
Tuesday, March 12, 2024
Miami International Airport, Genomics, Federation, Traveler, Pneumonia, JFK, Mycoplasma pneumoniae, Partnership, COVID-19, DNA, MIA, Bacteria, SARS-CoV-2, RSV, Ginkgo Bioworks, Biosecurity, Mycoplasma, CDC, Airport, TGS, Collection, Federal, Vaccine

This expanded funding will also bring the number of airports in the program to a total of nine active sites: Los Angeles, San Francisco, New York (JFK), Washington Dulles, Newark, Boston, Seattle, Miami, and Chicago.

Key Points: 
  • This expanded funding will also bring the number of airports in the program to a total of nine active sites: Los Angeles, San Francisco, New York (JFK), Washington Dulles, Newark, Boston, Seattle, Miami, and Chicago.
  • Since its inception in September 2021, the TGS program has demonstrated its ability to serve as an early detection mechanism for new pathogens and fill gaps in global biosurveillance.
  • In October 2023, the program expanded to cover a list of more than 30 viral and bacterial targets.
  • “We are thrilled to have the opportunity to take the TGS program to the next level.

Redfin Survey: Half of U.S. Homeowners and Renters Struggle to Afford Their Housing Payments

Retrieved on: 
Friday, April 5, 2024
Professional Services, Data Analytics, Other Construction & Property, Residential Building & Real Estate, Finance, Construction & Property, Personal Finance, Millennials, Qualtrics, IRS, Generation X, Federal, Sale, Food, Infant, Housing, Generation Z, Retirement, Federal Reserve, Gen, Personal property, Ageing, Real estate

(NASDAQ: RDFN) — Half of U.S. homeowners and renters (49.9%) sometimes, regularly or greatly struggle to afford their housing payments, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage.

Key Points: 
  • (NASDAQ: RDFN) — Half of U.S. homeowners and renters (49.9%) sometimes, regularly or greatly struggle to afford their housing payments, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage.
  • More than one-third of homeowners and renters (34.5%) who struggle to afford housing indicated that they skipped vacations in the past year in order to afford their monthly costs.
  • Roughly 1 in 6 (15.5%) Gen Xers who struggle to afford housing dipped into retirement savings to afford monthly housing costs.
  • And homeowners (59.9%) were roughly twice as likely as renters (30.8%) to indicate that they easily afford their housing payments.

Tradeweb Reports March 2024 Total Trading Volume of $36.2 Trillion and Average Daily Volume of $1.81 Trillion

Retrieved on: 
Thursday, April 4, 2024
Professional Services, Technology, Data Analytics, Finance, Software, Banking, MTF, TBA, EUR, RFM, Growth, ETF, RFQ, Credit, Federal, Yoy, ADV

European government bond volumes continued to be strong in March, with strong growth in average daily trading volume in the institutional EUR and UK Gilts businesses.

Key Points: 
  • European government bond volumes continued to be strong in March, with strong growth in average daily trading volume in the institutional EUR and UK Gilts businesses.
  • Primary market issuance remained robust across Europe and the UK, which generated heavy trading activity from all client types using a wide range of trading protocols.
  • Strong U.S. credit volumes were driven by increased client adoption of Tradeweb protocols, most notably in request-for-quote (RFQ), portfolio trading and Tradeweb AllTrade®.
  • Record European credit volumes were supported by continued growth in client use of Tradeweb Automated Intelligent Execution (AiEX) and portfolio trading.

2024 NMHC 50 Underscores Challenges Over Past Year, but Projects Cautious Optimism for 2024

Retrieved on: 
Wednesday, April 3, 2024
Banking, Professional Services, Other Construction & Property, Residential Building & Real Estate, Public Policy, Delivery Services, Other Policy Issues, Construction & Property, Retail, Urban Planning, Finance, Government, Tax, Federal, Policy, Insurance, Council, Housing, NMHC, Federal Reserve, Firefighter

With a solid economic foundation and anticipated rate cuts from the Federal Reserve, coupled with strong demand for rental properties, cautious optimism prevails for the multifamily sector.

Key Points: 
  • With a solid economic foundation and anticipated rate cuts from the Federal Reserve, coupled with strong demand for rental properties, cautious optimism prevails for the multifamily sector.
  • Collectively, the NMHC 50 owners control nearly 10% of the total U.S. apartment stock and NMHC 50 managers oversee about one fifth of the nation’s apartments.
  • 2,432,766 – Number of total units owned by NMHC 50 top owners, representing nearly 10% of the total U.S. apartment stock.
  • For more information, contact NMHC at 202/974-2300, e-mail the Council at [email protected] , or visit NMHC's website at nmhc.org.

Treasury Prime Announces Partnership with Narmi to Offer Banking Customers FedNow for Instant Payments

Retrieved on: 
Tuesday, April 2, 2024
Technology, Finance, Fintech, Banking, Other Technology, Professional Services, Software, Internet, Data Management, Partnership, Federal, Heel, As a service, Banking as a service, RFP, FedNow, Federal Reserve, Treasury

Treasury Prime , a leading embedded banking software company, announced today its strategic partnership with Narmi , a leading provider of digital banking solutions for financial institutions.

Key Points: 
  • Treasury Prime , a leading embedded banking software company, announced today its strategic partnership with Narmi , a leading provider of digital banking solutions for financial institutions.
  • This collaboration enables Treasury Prime’s banking customers to send and receive money instantly through the FedNow Service and integrate the FedNow experience into their products.
  • Through this partnership, financial institutions in Treasury Prime's network can now offer their fintech clients a secure, efficient, and user-friendly platform for real-time payments, thereby enhancing their offerings and increasing revenue.
  • “Narmi’s FedNow Service Provider capabilities combined with Treasury Prime’s embedded banking platform creates a unique and powerful offering,” says Mark Vermeersch, Chief Platform Officer at Treasury Prime.

Slow Start to Spring Buying Season in March as Inventory Pressures Persist, Latest HouseCanary Report Shows

Retrieved on: 
Tuesday, April 2, 2024
Residential Building & Real Estate, Construction & Property, REIT, AVM, Entrepreneurship, Federal, Disclosure, Estate agent, Acquisition, Sale, Hope, MD, Trade name, Housing, CO, OK, Federal Reserve, Real estate

As we step into spring buying season, a time which many consider to be the most active homebuying period of the year, inventory pressures continue to pervade the housing market.

Key Points: 
  • As we step into spring buying season, a time which many consider to be the most active homebuying period of the year, inventory pressures continue to pervade the housing market.
  • While inventory is up 12.6% versus the same period in 2023, total housing stock continues to remain historically low.
  • Jeremy Sicklick, Co-Founder and Chief Executive Officer of HouseCanary, commented:
    “Over the past month, net new listings and contract volumes have continued to trend at multi-year seasonal lows.
  • The interest rate shock is the biggest factor responsible for sustaining inventory scarcity.

First Trust Advisors L.P. Announces Distribution for Exchange-Traded Funds

Retrieved on: 
Thursday, March 28, 2024
Banking, Professional Services, Finance, Failure, Uncertainty, Commodity, Hamas, FTP, Face, Infection, ETF, ERISA, Reputational damage, FTA, COVID-19, Risk, Federal, AIB (NI), Terrorism, FLEX, WGTS, Judgement, S&P, Prospectus, Trust, Corporation, Investment, PDR, Federal Deposit Insurance Corporation, OTC, Index, Internal Revenue Code, Federal Reserve, Standard, Fund, Marketing, FINRA, Security (finance)

First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.

Key Points: 
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTA has collective assets under management or supervision of approximately $218 billion as of February 29, 2024 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.
  • Please refer to each fund's prospectus and Statement of Additional Information for additional details on a fund's risks.
  • First Trust Advisors L.P. (FTA) is the adviser to the First Trust fund(s).

First Trust Enhanced Equity Income Fund Issues Notice Regarding March 2024 Distribution

Retrieved on: 
Thursday, March 28, 2024
Asset Management, Professional Services, Finance, Uncertainty, Hamas, FTP, Infection, ERISA, Notice, FTA, Risk, COVID-19, Federal, AIB (NI), Terrorism, Movement, Judgement, Investment, Internal Revenue Code, Federal Reserve, Fund, Calendar, FINRA, Net asset value, Security (finance)

(2) The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital.

Key Points: 
  • (2) The Fund estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of your distribution may be a return of capital.
  • A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income."
  • The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.