Australian logistics company WiseTech has cut its revenue and profit forecasts after a series of allegations about its founder and chief executive Richard White disrupted its development and product release plans. WiseTech stock fell 14 per cent on Friday after the company cut its revenue forecast for the current financial year to between A$1.2bn ($780mn)
<img src=”https://public.flourish.studio/visualisation/20420841/thumbnail” width=”100%” alt=”chart visualization” /> Municipal were little changed Thursday as inflows into muni mutual funds topped $1 billion. U.S. Treasury yields rose and equities closed the session up. Municipal bond mutual funds saw $1.288 billion of inflows for the week ending Wednesday, according to LSEG Lipper. That compares to $303.2 million of inflows
“We describe the budget as being in fair shape,” said Gabriel Petek, California’s legislative analyst. “There is no new capacity for new budget commitments for the upcoming budget or in the out years” beyond the upcoming budget.Legislative Analyst’s Office The stock market surge propelled by artificial intelligence company gains has set California up for a
&lt;img src=”https://public.flourish.studio/visualisation/20420283/thumbnail” width=”100%” alt=”chart visualization” /&gt; As yearend approaches, investors have traditionally turned to tax-loss harvesting to use some of their losses to offset gains. However, this year may see less of the tactic than in previous years due to the strength of the muni market. Investors use tax-loss harvesting to sell investments at a
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Gary Gensler plans to step down as chair of the US Securities and Exchange Commission on January 20, when Donald Trump is set to be sworn in as president. Officially, Gensler’s five-year term
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Ken Griffin has warned Donald Trump’s plan to raise tariffs would put the US “on a slippery slope to crony capitalism” and offered other harsh critiques of the incoming president’s agenda, in surprisingly
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Almost two years after a US short seller alleged Gautam Adani’s businesses had engaged in accounting fraud and stock market manipulation, India’s second-richest man faces federal criminal charges in the US. Prosecutors allege that Adani
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world Matt Gaetz has withdrawn his name from consideration for US attorney-general, in a blow to Donald Trump after the president-elect made the controversial former congressman his pick to run the Department of Justice.
Transportation Secretary Pete Buttigieg was among those to testify before the Senate Appropriations Committee Wednesday. Bloomberg News A year characterized by a series of natural disasters across the country has legislators agreeing on the need for a bipartisan spending bill intended to aid states in recovery and resilience efforts. That was the consensus that appeared
From left, Jessica Giroux, general counsel and head of fixed income policy, American Securities Association, Emily Brock, director of the federal liaison center of the Government Finance Officers Association, Caroline Sevier, managing director, government relations & infrastructure initiatives, American Society of Civil Engineers, Tom Kozlik, head of public policy and municipal strategy for Hilltop Securities.
“The tax fight is starting now,” said Sen. Elizabeth Warren, D-Mass, who will become the top Democrat on the GOP-led Senate Banking Committee next year.Bloomberg News Incoming Senate Banking Committee Ranking Member Sen. Elizabeth Warren, D-Mass., previewed her position on next year’s tax policy debate Wednesday during a subcommittee hearing in which she called the
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. More than $20bn in market value has been wiped off Gautam Adani’s corporate empire after US corruption charges against one of India’s richest men sent shares in his businesses from ports to power plants reeling.
The online, health-focused “crunchy” community has always had an antigovernment streak. That makes sense, as it consists of trad wives who want legal raw milk, health nuts who hate chemicals and junk food, moms who are concerned about vaccines, hippies who want to use natural products, and other groups that tend to go against the
President-elect Donald Trumps return to the White House could embolden Republicans who want to weaken or repeal the Affordable Care Act, but implementing such sweeping changes would still require overcoming procedural and political hurdles. This story also ran on NPR. It can be republished for free. Trump, long an ACA opponent, expressed interest during the
William Lopez remembers clearly the day in June 2017 when he says he was asked to call the spouse of a college friend who had just died and ask for her eyes. This story also ran on WyoFile. It can be republished for free. The spouse hadnt responded to calls from other employees at the
Spirit Airlines CEO Ted Christie was paid a $3.8 million retention bonus a week before the no-frills Florida-based carrier declared bankruptcy, according to a report. Christie, whose company announced last month that it plans to cut an unspecified number of jobs and to sell off some jets worth millions, gets to keep the bonus if
US prosecutors unveiled criminal charges on Wednesday against five alleged members of Scattered Spider, a loose-knit community of hackers suspected of breaking into dozens of US companies to steal confidential information and cryptocurrency. Martin Estrada, the US Attorney in Los Angeles, said the defendants conducted phishing attacks by sending bogus but real-looking mass text messages to employees’ mobile
PayPal said on Thursday that it was “experiencing a system issue” that appears to be interfering with merchants’ ability to process payments. The San Jose, Calif.-based tech giant issued an incident report on its web site on Thursday saying that the outage “may be affecting multiple products in our Production environment.” “Merchants may be encountering
US prosecutors unveiled criminal charges on Wednesday against five alleged members of Scattered Spider, a loose-knit community of hackers suspected of breaking into dozens of US companies to steal confidential information and cryptocurrency. Martin Estrada, the US Attorney in Los Angeles, said the defendants conducted phishing attacks by sending bogus but real-looking mass text messages to employees’ mobile
PayPal said on Thursday that it was “experiencing a system issue” that appears to be interfering with merchants’ ability to process payments. The San Jose, Calif.-based tech giant issued an incident report on its web site on Thursday saying that the outage “may be affecting multiple products in our Production environment.” “Merchants may be encountering
The US has imposed sanctions on Gazprombank, one of the few major Russian lenders not already blacklisted over Moscow’s invasion of Ukraine, in a move aimed at restricting the Kremlin’s ability to finance its war effort. The listing announced on Thursday in effect bans state-owned Gazprombank, the main conduit for Russian energy payments, and its