Mobile homes are a viable form of low-income housing. So, why isn’t it being factored in to solve the housing crisis?President Joe Biden is rounding off his trip to Angola by announcing $600 million in new financing for a multi-country railway as the U.S. looks to bolster its investment in critical minerals infrastructure in Africa and curb Chinese influence. Today’s announcement builds on $553 million the U.S. International Development Finance Corp. pledged earlier this year in the Lobito Trans-Africa Corridor, connecting the Central African copperbelt to the Angolan coast. The new investments will support not just the rail infrastructure but also agriculture, clean energy and associated supply chains, along with health and digital access in the country, according to the White House. “The United States understands how we invest in Africa is just as important as how much we invest in Africa,” Biden said in Lobito, a port city on Angola’s Atlantic coast. “To help Africa lead the way. We need more capital, more infrastructure to deal with these real solutions. That’s why we’re here today.” Biden, whose nickname is Amtrak Joe, during a speech in the capital, Luanda, on Tuesday joked that he is the most “pro-rail guy” in the U.S. He’s used the trip to highlight the importance of the Lobito project, a railway being revamped with the aim of expediting the shipment of critical minerals including cobalt from the Democratic Republic of Congo and Zambia for technology including electric vehicles. While in Lobito, Biden toured the port and met with companies investing in the project, including SunAfrica, U.S.-owned mobile network Africell and Acrow Bridge, a Pennsylvania-based infrastructure company. Biden also met with African leaders including Angolan President João Lourenço, Zambian President Hakainde Hichilema, DRC President Felix Tshisekedi and Tanzanian Vice President Philip Isdor Mpango. Biden’s trip comes as the U.S. belatedly tries to play catchup with China, which has spent decades building influence on the continent — largely through tens of billions of dollars in infrastructure lending — and now dominates the region’s mining sector. Angola has been among Beijing’s biggest borrowers, but since his election in 2017, Lourenço has sought to reduce its dependence on China. Still, Angola’s oil industry — which accounts for about 90 percent of the country’s export revenue — sells more than half its output to China. The U.S. has provided $2.9 billion in financing in Angola for its energy, infrastructure and telecommunications sectors, according to the White House. Biden, with less than 50 days left in office, has drawn a link between the investment in infrastructure in Africa and Angola to his landmark Bipartisan Infrastructure Law. Biden promised to visit the continent after hosting a 2022 summit with African leaders in Washington. His trip has been overshadowed by his late Sunday evening announcement that he would pardon his son, Hunter Biden, and last month’s election of Donald Trump.
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TAPACHULA, Mexico (AP) — Eleven clandestine graves with the bodies of 15 men were located in the southern Mexican state of Chiapas, where a dispute between the Sinaloa and Jalisco Nueva Generación drug cartels is taking place, local authorities said Sunday. Chiapas Gov. Eduardo Ramírez Aguilar said on his social media channels that the findings came as the result of a raid in the city of La Concordia, near Mexico 's border with Guatemala . He said four people connected to the case had been arrested with weapons and drugs. The state prosecutor’s office said in a statement that the raid took place in two different properties. The first site had three bodies in three graves and in the second, eight graves with 12 bodies. “It is worth mentioning that for these operations technological tools such as drones and geo-radars were used, in addition to aerial overflight, ground search, field forensics, back-excavation and drills,” it said. Chiapas Prosecutor General Jorge Luis Llaven Abarca said last week that another clandestine grave with charred bodies was found in Emiliano Zapata, neighboring La Concordia, but did not give more details because of the poor state of the bodies for identification. The dispute over drug routes, migrant trafficking and weapons has left more than 10,000 people displaced in recent years, including Mexicans fleeing to Guatemala, according to reports from humanitarian organizations.Shares of Small Cap US Equity Select ETF ( NASDAQ:RNSC – Get Free Report ) rose 0.6% during trading on Friday . The company traded as high as $30.06 and last traded at $30.06. Approximately 3,719 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 5,835 shares. The stock had previously closed at $29.86. Small Cap US Equity Select ETF Price Performance The firm’s 50 day moving average is $31.10 and its 200 day moving average is $29.74. The company has a market cap of $25.42 million, a PE ratio of 12.26 and a beta of 1.16. Institutional Inflows and Outflows An institutional investor recently raised its position in Small Cap US Equity Select ETF stock. Archer Investment Corp boosted its holdings in shares of Small Cap US Equity Select ETF ( NASDAQ:RNSC – Free Report ) by 13.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,873 shares of the company’s stock after buying an additional 2,290 shares during the period. Archer Investment Corp owned approximately 1.99% of Small Cap US Equity Select ETF worth $520,000 as of its most recent SEC filing. About Small Cap US Equity Select ETF The First Trust Small Cap US Equity Select ETF (RNSC) is an exchange-traded fund that is based on the Nasdaq Riskalyze US Small Cap index. The fund tracks a dividend-selected, tier-weighted index of small-cap US equities. RNSC was launched on Jun 20, 2017 and is managed by First Trust. Recommended Stories Receive News & Ratings for Small Cap US Equity Select ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Small Cap US Equity Select ETF and related companies with MarketBeat.com's FREE daily email newsletter .
