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Georgia Gov. Brian Kemp has extended the suspension of his state’s gasoline tax for another month amid sustained high fuel costs. Kemp cited “ongoing economic hardships caused by rampant inflation” Wednesday when he signed an executive order foregoing Georgia’s 31.2 cents-per-gallon tax on gas and 35 cents-per-gallon tax on diesel for another month through Nov.
Ether (ETH) experienced a surprising 8% rally on Nov. 9, breaking the $2,000 barrier and achieving its highest price level in six months. This surge, triggered by news of BlackRock registering the iShares Ethereum Trust in Delaware, resulted in $48 million worth of liquidations in ETH short futures. The initial announcement was made by @SummersThings
A team of academic researchers from the U.S. recently published a study exploring how the “gambler’s fallacy” affected cryptocurrency donations. Their findings indicate that organizations accepting crypto donations could benefit from timing the market.  Essentially, the team’s work explores the idea that people generally misinterpret certain pattern signals when it comes to finance. Charities that
Voters in Maine rejected a much-debated proposal to replace the state’s two largest power providers with a public utility company in Tuesday’s election. Question 3 on the ballot, which asked voters to approve the state takeover of for-profit power providers Versant and Central Maine Power Company and the creation of a non-profit, publicly owned utility
Chainlink’s LINK (LINK) token experienced a remarkable 26% surge between Nov. 2 and 8, approaching $14, a level not seen since April 2022. This solidified its position as the 10th largest cryptocurrency (excluding stablecoins) by market capitalization. While the price action is a welcome sight for traders, is Chainlink’s current valuation of $8.1 billion justified?
A debate over Amtrak funding derailed the House of Representative’s fiscal 2024 transportation bill Tuesday as opponents, many of them Republicans from the northeast, criticized the bill’s deep cuts to the train agency. The House was set to vote Tuesday on the Transportation-Housing and Urban Development measure, one of 12 appropriation bills that GOP leaders
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The EU said it was in “complete disagreement” with Turkey’s stance on Hamas after President Recep Tayyip Erdoğan referred to the Palestinian militant group behind the October 7 attack on Israel as a “liberation” movement.
Missouri has asked a federal court to toss a lawsuit filed by the Securities Industry and Financial Markets Association over the state’s first-of-its-kind anti-environmental, social and governance investing rules, arguing that the securities association lacks standing to bring the lawsuit. The dispute stems from Missouri’s four-month-old investment rules that require advisors and broker-dealers to disclose
Texas ended fiscal 2023 with a hefty cash balance of $48.4 billion in its general revenue fund due largely to higher, but slowing tax collections, the state comptroller reported Monday.  The annual cash report for the fiscal year that ended Aug. 31 said the balance rose $14.6 billion or 43.4% from fiscal 2022. After transfers
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. On November 19 1919, the US Senate repudiated the Versailles Treaty. With that decision, the US withdrew its might from maintaining what had been agreed in the aftermath of the first world war, leaving this