New Jersey’s tax revenues have continued to slide in the new fiscal year, according to recently published figures. The state pulled in $4.8 billion in taxes in September, New Jersey’s Department of the Treasury said in its monthly revenue report, a year-over-year decline of 5.1% for the month and drop of 6.2% for the first
In this article NOVO.B-DK LLY Follow your favorite stocksCREATE FREE ACCOUNT George Frey | Reuters Most analysts predict the market for new weight loss drugs like Wegovy and Mounjaro will be enormous, but estimates vary for its exact size depending on who you ask. On Monday, Citi raised its estimate for incretin drug sales to
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel’s prime minister, defence minister and army chief insisted on Monday that they were working “in close and full co-operation” as signs grew of discord over the course of the war with Hamas. Israel has
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. America is now in its third week without a functioning House of Representatives. Given the Republican party’s lack of consensus on who to elect as Speaker, it is hard to see what will stop this
Andrew Kelly | Reuters The bond vigilantes are coming back as investors continue to sell amid the prospect of higher-for-longer interest rates and a growing fiscal deficit, according to Kevin Zhao, head of global sovereign and currency at UBS Asset Management. The yield on the benchmark 10-year U.S. Treasury note rose above 5% once again
Jennifer Fredericks has joined Solve Advisors, Inc., a market data platform provider for fixed income securities, as sales director. Fredericks joins Solve after most recently working at Ice Miller LLP, where she was director of business development for public finance. The hire is part of Solve’s deeper move into the municipal asset class and
New York-based Odeon Capital has agreed to pay a $60,000 fine to settle Financial Industry Regulatory Authority charges that the firm failed to report 225 municipal securities transactions in a timely manner and incorrectly reported 3,250 internal firm transfers that were not reportable to the Municipal Securities Rulemaking Board’s Real-Time Transaction Reporting System. FINRA found
October is proving to be a solid month for Bitcoin (BTC) as the price is nearing the 2023 high at $31,805. Generally, major resistances are not cleared in the first instance as the bears come out in full force to guard the level. Therefore, a minor dip is to be expected, but that should not
As prolonged and excessively high temperatures broiled parts of the Southwest this year, they were also cooling down the economy and highlighting state and local governments’ heat-related risks and needs. Record-breaking temperatures in Texas likely reduced the state’s gross domestic product by 1 percentage point or about $24 billion as some companies had a harder
Although the pandemic severely affected housing markets across the United States, in Idaho’s capital — Boise — the impact was especially significant. Beginning in 2020, a notable migration occurred of Californians — particularly tech industry workers from the Bay Area — to the Rocky Mountain tranquility of Boise. This migration led to a marked rise
Bitcoin (BTC) held above $30,000 at the Oct. 23 Wall Street open as analysis said BTC price strength could cancel its “bearish fractal.” BTC/USD 1-hour chart. Source: TradingView BTC price preserves majority of early upside Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it hovered near $30,700, still up 2.5% on Oct. 23.
California legislators have proposed a new bill titled “Digital financial asset transaction kiosks,” calling for a cap on crypto ATM withdrawals of $1,000 per day in light of growing scams. Additionally, starting in 2025, the law would limit operators’ fees to $5 or 15% (whichever is higher). The bill, if approved, would come into effect on
Stay informed with free updates Simply sign up to the Global migration myFT Digest — delivered directly to your inbox. International migration to rich countries reached an all-time high last year, driven by global humanitarian crises and demand for workers, the OECD said on Monday. The Paris-based organisation estimated 6.1mn new permanent migrants moved to
Bitcoin (BTC) is in massive demand from institutional investors but awaits a spot BTC exchange-traded fund (ETF) approval to trigger a buying rally, according to a blockchain executive at the professional services provider Ernst & Young (EY). EY’s global blockchain leader Paul Brody believes that Bitcoin faces a lot of pent-up demand from institutions due
MicroStrategy’s Bitcoin (BTC) holdings have turned profitable for the first time since July this year as the BTC price has broken through above $30,000. MicroStrategy up $132M in paper profits As of Oct. 23, MicroStrategy held 158,245 BTC worth $4.847 billion, up about $132 million from the original amount invested — at an average rate of 29,870
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In 2000, the Hess family sold the New York Jets to tycoon Woody Johnson for $635mn. That was a blowout valuation at the time. The American football franchise is now valued at 10 times more,
About 10 years ago, I wrote an article noting that in the real estate and larger business worlds, people seemed to be moving away from making spontaneous phone calls. Instead, phone calls had often become the subject of elaborate planning and preparation, all via email. Two people might need 20 emails to agree on the
Deteriorating levels of mental health among young Americans are increasingly well documented and a growing concern for parents, educators and medical professionals. But student housing architecture may be able to play a role in combatting the scourge. According to Mental Health America, rates of children’s visits to emergency departments due to deliberate self-harm soared 329%
In this article US10Y Follow your favorite stocksCREATE FREE ACCOUNT The yield on the benchmark 10-year Treasury topped 5% again Monday, a key level that could impact mortgage rates, student debt, auto loans and more. Last week, the 10-year yield crossed the 5% threshold for the first time in 16 years after Federal Reserve Chair Jerome
Shapecharge | E+ | Getty Images The federal estate-tax exemption helps wealthy families avoid or reduce inheritance tax, but the clock is ticking on the size of this advantage. In 26 months, some families that pay no inheritance tax today face the potential for sizeable federal taxes unless benefactors act. Though few families have enough
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. “While you feel that rage, don’t be consumed by it. After 9/11, we were enraged in the United States. And while we sought justice and got justice, we also made mistakes.” So said Joe Biden