A $44.5 billion two-year budget and legislation that imposes environmental, social, and governance investment rules on Indiana’s public pension systems await Gov. Erick Holcomb’s signature. Lawmakers wrapped up their session Friday after passing the budget in HB1001 after the House and Senate resolved differences in their versions of the budget that followed Holcomb’s earlier this
When enacting major new legislation like the Bipartisan Infrastructure Law, the Biden administration pledged that small, underserved communities would win a fair share of the hundreds of billions of new grant money coming down the pike. But so far, the effort seems to be falling short, according to testimony at a Senate panel hearing Tuesday.
The Puerto Rico Electric Power Authority cannot afford to pay anything toward its debt, an economist told the bankruptcy judge. Electricity rates need to be lowered for Puerto Rico’s economy to show long-term growth, University of Puerto Rico Professor José Israel Alameda Lozada said in a report submitted Monday. Rates above 16 cents per kilowatt-hour,
The majority of people will have their wealth progressively eaten away by the devaluation of money, according to Arthur Hayes, the co-founder and former CEO of crypto derivatives exchange BitMEX. According to Hayes, due to the huge amount of public debt accumulated by the world’s largest economies, governments will have no choice but “inflating it
A massive Arizona participant sports venue that defaulted on its bonds headed to bankruptcy court Monday for a reorganization plan that aims to sell the property. Legacy Cares, Inc., the nonprofit developer of Legacy Park, said in a disclosure notice that it pursued Chapter 11 bankruptcy in federal bankruptcy court in Arizona on the advice
Following the acquisition of First Republic Bank by JPMorgan Chase, several regional banks such as Pacwest and Western Alliance experienced a significant drop in their stock prices. On Tuesday afternoon, all four major U.S. benchmark stock indexes are in decline as regional bank stocks hit new lows. Banking Industry on Edge as Pacwest Shares Sink
Value stock strategist, Tracey Ryniec, uses the P/S ratio to profile Casey’s General Store, Inc. (CASY). Casey’s General Store: http://www.zacks.com/stock/quote/CASY?cid=CS-YOUTUBE-FT-VID Follow us on StockTwits: http://stocktwits.com/ZacksResearch Follow us on Twitter: https://twitter.com/ZacksResearch Like us on Facebook: https://www.facebook.com/ZacksInvestmentResearch
Oscillators are among the most popular technical indicators used by traders. Here to talk about them is trading expert David Jones and he walks us through the way they function and how they should be used. As with all indicators there are many traps and tricks that need to be known to utilise them to
The writer is international policy director at Stanford University’s Cyber Policy Center and serves as special adviser to Margrethe Vestager The rapid release of generative AI tools has been a moment of reckoning. Just this week Geoffrey Hinton, a celebrated developer of AI, announced his resignation from Google, saying he regretted his work and wants to
Last month, Fox, a business controlled by Rupert Murdoch and his son Lachlan, agreed to pay $787.5mn to Dominion Voting Systems to settle the latter’s $1.6bn defamation case against it. Justin Nelson, Dominion’s lawyer, insisted in response to this settlement that it shows that “the truth matters” and “lies have consequences”. This is true, but
Although much of the news surrounding name, image and likeness focuses on one-off deals with national brands and lots of zeroes, the lasting impact of NIL will be how it changes a student athlete’s career beyond sport. After successfully running a program with BYU student athletes last year, Keller Williams is now expanding its unique
Investors cannot claim a tax loss on the sale of a security if they buy a “substantially identical” security within 30 days before or after the sale, as per the wash-sale rule, a tax regulation. The Internal Revenue Service (IRS) in the United States established the wash-sale rule, which restricts investors from deducting a tax
In this article DD DELL SOFI PACW DGX SHLS BP.-GB Follow your favorite stocksCREATE FREE ACCOUNT Nurphoto | Nurphoto | Getty Images Check out the companies making headlines in midday trading. Uber — Shares of the ride-hailing giant jumped more than 8% after the company reported first-quarter revenue that beat analysts’ expectations. Revenue for the
The share of Ethereum (ETH) held by so-called whale addresses has dropped since Ethereum’s Shapella upgrade in mid April, suggesting that large investors may be leaning bearish in t near term. ETH whale population shrinks post-Shapella The amount of Ether held by addresses with 1,000-10,000 ETH, or “whales,” was over 14.033 million ETH on May 1, according
While the next difficulty change for Bitcoin is just two days away, the network’s hashrate soared to unprecedented heights, reaching 491.15 exahash per second (EH/s) on May 02, 2023, at block height 787,895. This staggering amount of computational power came tantalizingly close to a half zettahash or five hundred quintillion hashes per second. Bitcoin’s Hashrate
The Treasury Department has suspended the sale of State and Local Government Series securities in what it characterized as a necessary move to ward off the threat of a default. The suspension is effective for demand deposits and time deposit securities beginning May 2 until further notice, Treasury said. Those subscriptions received by the Bureau
In an effort to encourage issuers to use technology to attract new bond investors, BondLink will recognize the best advancements aimed at investors. BondLink, which builds technology products and investor relations pages aimed at helping modernize the muni market, named five winners of its inaugural “Investor Relations Awards.” The winners, five municipalities in three categories,
The rescue of First Republic this week has failed to arrest a sell-off in regional bank shares, which plunged on Tuesday morning as investors digested JPMorgan’s takeover of the troubled Californian lender. Trading in PacWest, seen as one of the weakest of the midsized regional banks, was briefly halted for volatility and was down 25
Polkadot was one of Tuesday’s biggest movers, as the token dropped to a six-week low in today’s session. Prices fell for a long-term support point of $5.60, as the global crypto market cap was once again 1% lower today. Avalanche also hit a price floor on Tuesday. Polkadot (DOT) Polkadot (DOT) was down for a
While builders struggle to bring new housing online, the rest of the country’s housing stock is aging. Of the approximately 124 million housing units, the ABC Collaborative counts more than 21 million single family homes that were built before 1980 that need a retrofit, spurring a huge new industry focused on energy improvements. Energy retrofits
On Monday, Morgan Stanley’s equity strategist, Michael Wilson, shared his thoughts on the state of Wall Street. He expressed his belief that a sell-off could be imminent, and that this could occur as a result of U.S. Federal Reserve chairman Jerome Powell’s upcoming remarks on Wednesday. Furthermore, there has been a great deal of conjecture