The Good Brigade | Digitalvision | Getty Images More Americans are paying capital gains taxes on home sale profits amid soaring property values — but there are ways to reduce your bill, experts say. In 2023, nearly 8% of U.S. home sales yielded profits exceeding $500,000, compared to about 3% in 2019, according to an
Municipal issuers have seen more upgrades this year than downgrades, continuing a trend that began in 2021, while the overall rated universe of muni issuers has also grown. If current economic conditions persist, the trend will likely continue for the foreseeable future, market participants said. The total rated share of the market increased in the
The Securities and Exchange Commission’s “regulation by enforcement” came under fire on Tuesday during a House Financial Services hearing that brought into question how effective its enforcement wing is at doling out punishments and how effective certain regulatory matters can be on their own. Some lawmakers said they were concerned about regulatory trends like the
Puerto Rico Electric Power Authority bondholders requested documents they say will support their motion to lift the stay on seeking a receiver, in a motion filed Monday night. Syncora Guarantee and GoldenTree Asset Management want documents detailing PREPA’s monthly reports of financial activity to determine how PREPA is calculating and disposing of net revenues. Further
Benjamin Netanyahu waited for months to send troops into Rafah, the southern tip of the Gaza Strip where more than 1mn Palestinians have sought refuge from fighting. When the order finally came on Monday, it was within hours of Hamas finally signalling that it had accepted the outlines of a hostage-for-prisoner ceasefire proposal drawn up with
Israel threatened to expand its military operation in Rafah after tanks and troops seized the main border crossing between Gaza and Egypt, as international mediators struggled to continue talks aimed at ending the conflict. Israel launched its ground offensive into eastern Rafah on Monday, hours after Hamas said it had accepted a draft proposal of
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Apple has unveiled new iPads featuring what it called “an outrageously powerful chip for AI”, signalling the Silicon Valley giant’s growing focus on artificial intelligence services. The company launched the “M4” chip for its latest
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The chief executive of P&O Ferries accepted a six-figure bonus in 2023 just over a year after it sacked hundreds of UK-based crew and replaced them with foreign agency workers paid from just £4.87 an
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Stormy Daniels, the adult film actor, took the stand on Tuesday morning at Donald Trump’s criminal “hush money” trial in Manhattan, setting the stage for a day of testimony that could prove highly embarrassing for
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump’s plans for a second term are those of a dictator. This desire was already evident from his attempt to overthrow the result of the last presidential election and insistence that the Big Lie
Broker-dealer firms are stepping up in the primary market to fill the gap left by Citi’s dramatic exit from the municipal bond business last December, but a test of how secondary market liquidity stands up to the firm’s departure remains to be seen. That’s according to broker-dealer and financial advisor panelists speaking Monday at the
Israel has ordered 100,000 Palestinians living in eastern Rafah to evacuate ahead of an Israeli offensive on the southern Gaza city, where more than 1.4 million displaced Palestinians have sought refuge. The U.N. aid agency UNRWA warned Israel’s attack on Rafah would have devastating consequences and lead to more civilian suffering and deaths. Overnight Israeli
A movement of God that began at Auburn University last fall has now spread to four other campuses, with thousands of students being saved and countless individuals being plugged into a local church to continue their faith journey. The Unite US launched at Auburn University’s Neville Arena last September and saw some 5,000 students attend and
Shares of meatpacking giant Tyson plunged more than 9% — the stock’s worst day since August — after the company said persistent inflation weakened consumer appetites for beef, pork and chicken purchases, biting into profits in the second quarter. At grocery stores, shoppers are prioritizing essential kitchen staples over discretionary categories thanks to persistent inflation
Bosses at top advertising firms are facing heat over a video in which they praised TikTok in a slew of gags and comic vignettes just days after Congress passed a bill that would force a sale or ban of the China-owned app. The tone-deaf, 75-second video circulating on LinkedIn since Saturday shows executives from Havas,
The Chosen is now streaming on the home of Star Wars, Marvel, and Mickey Mouse. The Bible-based series entered Disney Plus in recent days , giving the award-winning TV show another major outlet and placing it in front of the company’s 112 million subscribers. The first three seasons of the four-season series are on Disney
Robert F. Kennedy Jr.’s presidential running mate Nicole Shanahan hit out at cowardly Meta boss Mark Zuckerberg for allegedly censoring a new documentary about the independent candidate. Mark Zuckerberg, are you kidding me?! No amount of MMA fighting will make you look strong if you continue to behave so cowardly, Shanahan, the Bay Area lawyer
In this article TREE Follow your favorite stocksCREATE FREE ACCOUNT monkeybusinessimages | Getty Most U.S. homebuyers taking out a mortgage opt for a 30-year fixed-rate — but they may not realize how unusual that offering is. “The 30-year fixed-rate mortgage is a uniquely American construct,” said Greg McBride, chief financial analyst for Bankrate. True to
Stanley Druckenmiller, Duquesne Family Office, at CNBC’s Delivering Alpha, Sept. 28, 2022. Scott Mlyn | CNBC Billionaire investor Stanley Druckenmiller revealed Tuesday that he has slashed his big bet in chipmaker Nvidia earlier this year, saying the swift artificial intelligence boom could be overdone in the short run. “We did cut that and a lot of
It was hours since thousands of Palestinians had poured on to the streets of the Gazan city of Rafah, weeping and hugging as they began to believe Hamas’s acceptance of a ceasefire deal had spared them an Israeli ground offensive. But by Tuesday morning many sheltering in Rafah were on the move again, carrying sacks
41.5K Will 2024 be a dumpster fire? Every new year comes with a set of new predictions. Times are always changing, and each year I like to come up with my own set of possible SHTF situations. This year’s list is an adaptation of what I predicted in 2024. Fortunately, they didn’t come to fruition,