Workers assemble mini excavators in a factory of heavy machinery in Suzhou in east China’s Jiangsu province on Oct. 23, 2023. Future Publishing | Future Publishing | Getty Images BEIJING — China on Tuesday took steps toward easing financing conditions for local governments, which have been at the crux of recent economic difficulties. The central
Month: October 2023
Douglas Sacha | Moment | Getty Images When Covid-19 stimulus checks were deployed to millions of Americans, the government reassured Social Security and Supplemental Security Income beneficiaries they were eligible for payments. But some beneficiaries, who include retired and disabled Americans, may have gotten more than they bargained for — lost benefits. Some SSI recipients
In the first of a two-episode series, Tim Jacobs of Hunton Andrews Kurth discusses the energy credits enacted in the Inflation Reduction Act and the major pieces of guidance released so far. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I’m David Stewart, editor in chief of
There is a common tagline across various travel guides and tourism brochures for Exuma or the string of islands and cays at the center of the Bahamas—”the only footprints you’ll find on the beach are your own.” Unlike many other brochures and advertisements for comparable destinations, hyperbole is not at play here. Many beaches across
DETROIT – The United Auto Workers union on Tuesday expanded its strike against General Motors to a highly profitable full-size SUV plant in Texas — a swift response to healthy profits and record third-quarter revenue for the automaker. The Tuesday strike escalation includes roughly 5,000 workers at GM’s Arlington Assembly plant, which produces the Cadillac
In this article GOOGL Follow your favorite stocksCREATE FREE ACCOUNT An illuminated Google logo is seen inside an office building in Zurich, Switzerland. Arnd Wiegmann | Reuters Alphabet is set to report third-quarter earnings after the bell Tuesday. Here’s what Wall Street is expecting, based on a survey of analysts by LSEG, formerly known as
Sdi Productions | E+ | Getty Images Many people will soon be picking their health insurance plans for 2024: November is a common month for workplace open enrollment, and the public marketplace opens Nov. 1. But choosing a health plan can be tricky. In fact, a 2017 study found many people lose money due to
Secretary of Education Dr. Miguel Cardona speaks during the National Action Network National Convention in New York, April 12, 2023. Jeenah Moon | Reuters The Biden administration announced on Tuesday a finalized plan to improve its oversight of higher education institutions and to bolster consumer protections for student loan borrowers. “We are raising the bar
There is a big data revolution quietly brewing inside the U.S. Federal Reserve that’s going to fundamentally change the way corporate tax is reported and collected in this country. It’s called e-invoicing, and it will make it possible for the government to collect detailed transactional data in real-time, automatically at the point of each commercial
Concert ticket prices have soared to new heights this year, causing angst and financial stress for live music fans. Blame has been pointed at ticket sales companies like TicketMaster and profiteering scalpers. President Biden has even proposed legislation aimed at the problem. But similar to the housing market, the unaffordability of music tickets is due
In this article NFLX Follow your favorite stocksCREATE FREE ACCOUNT It’s been nearly two years since Netflix first announced its foray into gaming. Yet, as Netflix has more than tripled its game library from 24 to 77 games in the last year, subscribers have largely shrugged their shoulders. This is all a part of the
The Norges Bank, Norway’s central bank, in Oslo, Norway, on Tuesday, Oct. 17, 2023. Bloomberg | Bloomberg | Getty Images Norway’s $1.4 trillion sovereign wealth fund, the world’s largest, on Tuesday reported losses of 2.1% in the third quarter, as all asset classes fell in value. The so-called Government Pension Fund Global returned a loss
A view of the Canary Wharf financial district of London. Prisma by Dukas | Universal Images Group | Getty Images LONDON — Barclays on Tuesday reported a net profit of £1.27 billion ($1.56 billion) for the third quarter, slightly ahead of expectations as strong results in its consumer and credit card businesses compensated for weakening
In this article IHG-GB IHG Follow your favorite stocksCREATE FREE ACCOUNT Pent-up travel demand — which drove global travel recovery following the Covid-19 pandemic — is over, said Intercontinental Hotels Group CEO Elie Maalouf. “People started traveling really by the end of 2020 as restrictions started to lift,” he said. “So we’re really past revenge
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
Tax laws are created by Congress, with the Internal Revenue Service (“IRS”) often required to add details by issuing regulations, Revenue Procedures, Notices, and the like. Sometimes though, input from those two sources is not enough; courts must intervene to address voids in or disagreements about the rules. Unfortunately, courts cannot render decisions on important
Like several cities in the Southern United States, Atlanta has experienced a surge in popularity as a place of work and residence. From a population of approximately 394,017 in 1990, Atlanta’s population grew by more than a quarter (26.7%), reaching 499,127 people by 2022. When housing markets across America got turbocharged in 2021 and 2022,
Travelers wait to check-in at the Alaska Airlines counter at San Francisco International Airport (SFO) in San Francisco, California. David Paul Morris | Bloomberg | Getty Images An Alaska Airlines flight operated by a subsidiary diverted to Portland International Airport on Sunday because of a security threat “related to an authorized occupant” in the cockpit
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
In this article NRDS Follow your favorite stocksCREATE FREE ACCOUNT Hispanolistic | E+ | Getty Images As the average interest rate on retail store credit cards near 30%, many holiday shoppers could be in for even more financial strain this year if they carry a balance. The average annual percentage rate for merchant cards reached
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