Although Oregon’s tax collections have stabilized after several quarters of unexpectedly rapid growth, the state expects to pay out a record-breaking $5.6 billion through its “kicker” rebate, according to state economists, while lawmakers expect to have more to spend on infrastructure and social programs. The previous record kicker was $1.9 billion in 2022. Taxpayers will
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Receive free Healthcare updates We’ll send you a myFT Daily Digest email rounding up the latest Healthcare news every morning. Are the British work-shy? The UK is now the only developed country where more people have continued to drop out of the workforce since the pandemic. The work and pensions secretary has urged the over-50s
A sign is posted in front of a Broadcom office on June 03, 2021 in San Jose, California. Justin Sullivan | Getty Images Check out the companies making headlines in midday trading. VMware — The cloud services company slid 2.6%, a day after giving a mixed second-quarter report. While VMware surpassed expectations for earnings per
After rising steadily since January, home prices may now be turning lower again. The latest read on home prices shows they hit another all-time high in July, rising 2.3% from the same month last year, according to Black Knight. That’s a bigger annual gain than the roughly 1% recorded in June, and August’s annual comparison
Grand Theft Auto owner enters Web3 via mobile gaming arm Fun fact: mobile gaming giant Zynga is owned by Take-Two Interactive, the same company that also owns Rockstar Games, which is behind ultra-popular video game series like Grand Theft Auto, Red Dead Redemption and NBA 2K. Now Zynga is making its Web3 debut with a
Oregon’s third-largest city is about to lose its only hospital, illustrating the fallout of pressured health-care systems across the country. Operator PeaceHealth announced last week its plan to shutter University District hospital because of underutilization. The hospital in Eugene, which is home to the University of Oregon, loses an average of $2 million a month,
Bitcoin investors may be in for a rollercoaster ride. While history shows September is typically a bumpy month for Bitcoin — two ETF analysts have suggested investors turn their gaze to mid-October as the next “major days to watch.” According to historical data, Bitcoin’s monthly returns have closed in the red at the end of
Receive free UK house prices updates We’ll send you a myFT Daily Digest email rounding up the latest UK house prices news every morning. UK house prices contracted at the fastest annual pace since 2009 in August as the impact of higher interest rates hit the property market, according to the mortgage provider Nationwide. The
In this article DELL MDB AVGO VMW LULU Follow your favorite stocksCREATE FREE ACCOUNT Ralph Orlowski | Getty Images Check out the companies making headlines after hours. MongoDB — Shares of the database software maker gained 5% in extended trading. MongoDB reported earnings of 93 cents per share, excluding items, on revenue totaling $423.8 million
An aerial picture taken on October 1, 2022 shows a broken section of the Pine Island Road and destroyed houses in the aftermath of Hurricane Ian in Matlacha, Florida. Ricardo Arduengo | AFP | Getty Images Frequent weather catastrophes, induced in part by climate change, are bearing down on homeowners and would-be buyers. Some home
Bloomberg analysts have raised the probability for an approved spot Bitcoin exchange-traded fund (ETF) by the end of 2023, following a recent Grayscale victory against the federal securities regulator. In a Aug. 30 post on X (Twitter), Bloomberg senior ETF analyst Eric Balchunas said they have raised the chances to 75% from an earlier 65%
Dogecoin (DOGE) pared a portion of its massive daily gains on April 4 as investors speculated on the meaning behind Elon Musk’s latest cryptic stunt. Elon Musk pumps Dogecoin by over 30% In what appears to be a late April Fool’s joke, Musk-owned Twitter changed its official blue bird logo to mimic Dogecoin’s symbol —
The Oklahoma Turnpike Authority will return to a state oversight board in September in its quest to issue $500 million of revenue bonds for a controversial $5 billion, 15-year expansion project. The Council of Bond Oversight will take up OTA’s bond application at its Sept. 11 meeting, according to Alexandra Edwards, deputy state treasurer for debt
European stocks eked out small gains and Bund yields rose on Wednesday as investors waited for economic data from the eurozone, which is expected to provide more signals on the outlook for inflation. The region-wide Stoxx Europe 600 index advanced 0.1 per cent, extending gains into the third consecutive trading session, while France’s Cac 40
Warren Buffett, Chairman and CEO of Berkshire Hathaway. David A. Grogan | CNBC Warren Buffett took control of Berkshire Hathaway in 1965, and nearly six decades later as the “Oracle of Omaha” turned 93 Wednesday, his conglomerate is stronger today than it’s ever been. Berkshire shares have roared back to an all-time high on record
In this article COST PSTG CHWY VSCO FIVE CRM OKTA CRWD Follow your favorite stocksCREATE FREE ACCOUNT The Salesforce West office building in San Francisco, California, on Wednesday, Jan. 25, 2023. Marlena Sloss | Bloomberg | Getty Images Check out the companies making headlines after hours. CrowdStrike — The cybersecurity stock added 1% in extended
State Attorney General Letitia James seen during public safety announcement to prevent gun violence at City Hall, July 31, 2023. Lev Radin | Pacific Press | Lightrocket | Getty Images New York’s attorney general asked a judge Wednesday for a partial summary judgment against Donald Trump in her $250 million lawsuit accusing the former president
Rhode Island’s regulators have granted X (Twitter) a currency transmitter license marking a step forward for the company’s foray into the financial services sector. The license is legally required for companies conducting financial activities on behalf of users related to sending and receiving money — a definition that includes both fiat and crypto assets. The
Securities issued by Hawaiian Electric Co. — including tax-exempt revenue bonds guaranteed by the company — have been in freefall in the wake of a devastating wildfire in Maui that killed at least 115 people. The company’s bond ratings have been cut to below investment grade, pushing prices on its municipal bonds as low as
US secretary of commerce Gina Raimondo has told China’s number two official Premier Li Qiang that Washington does not want to decouple from the world’s second-largest economy and hopes to expand trade. Her meeting in the Great Hall of the People in Beijing with Li, a close confidant of President Xi Jinping and the head
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