Minnesota lawmakers ended their 2023 session after passing a two-year budget with new funding for schools and social services, a $2.6 billion capital package, and a tax package that raises some taxes and fees on top earners and corporations while providing rebates for others and paying off debt for the NFL Vikings’ stadium. The budget
Artificial intelligence is more of an opportunity than a threat for creative industries, the head of Europe’s biggest media group has said in defiance of warnings about the dangers of generative AI. Thomas Rabe, chief executive of the German business that owns the book publisher Penguin Random House and the music label BMG, said that
Cities and states may start to pause borrowing plans as the nation heads toward a breach of its debt limit as soon as next week. “If the debt ceiling is not raised, it’s going to be a brave new world,” said David Womack, deputy director at New York City’s Office of Management and Budget. “It
In this article VFC KSS PANW Follow your favorite stocksCREATE FREE ACCOUNT People walk near a Kohl’s department store entranceway on June 07, 2022 in Doral, Florida. Joe Raedle | Getty Images Check out the companies making headlines in premarket trading Wednesday Moderna — The biotech company added 2.4% amid renewed Covid-19 concern in China
Contractors work on concrete slabs in the Cielo at Sand Creek by Century Communities housing development in Antioch, California, on Thursday, March 31, 2022. David Paul Morris | Bloomberg | Getty Images The average rate on the popular 30-year fixed mortgage crossed over 7% on Tuesday, according to Mortgage News Daily. That is the highest
A major global securities watchdog, the International Organization of Securities Commissions (IOSCO), is working to help policymakers regulate cryptocurrency more effectively. IOSCO on May 23 released a set of crypto-related regulatory recommendations as part of a consultation report developed by the IOSCO Board’s Fintech Task Force. The report includes 18 policy recommendations to help global
Ethereum’s native Ether (ETH) token may be both a commodity and a security, the former commissioner of the United States Commodities Futures Trading Commission has claimed. Speaking on a May 23 episode of Laura Shin’s Unchained podcast, Dan Berkovitz, who is also the former general counsel at the Securities and Exchange Commission, said that it’s
Chicago-based CommonSpirit Health’s third quarter financial results highlight the persistent strain inflation poses on not-for-profit hospital balance sheets, with cascading effects on borrowing plans and operational strategies. The sector’s struggles have led to calls in Illinois to increase the Medicaid hospital reimbursement rate and at the federal level advocacy groups say more support is needed.
UK inflation dropped to 8.7 per cent in April, a smaller fall than the Bank of England expected, raising pressure on the central bank to keep increasing interest rates. The figure will come as a blow to ministers and the central bank because the fall in consumer price inflation from 10.1 per cent in March
A financing plan for a multi-billion-dollar Austin light-rail project, already under attack in the Texas Legislature, now faces concerns about its legality raised by the state attorney general. The controversy involves the Austin Transit Partnership, a corporation created by the city and Capital Metro Transportation Authority, and its ability to help finance the Project Connect
Cars are seen parked in front of a Dick’s Sporting Goods store at Monroe Marketplace in Pennsylvania. Paul Weaver | SOPA Images | LightRocket | Getty Images Check out the companies making headlines before the bell: Yelp — Yelp shares surged 11.4% in premarket trading. Activist investor TCS Capital Management confirmed reports that it’s built
Investors looking at development opportunities may face obstacles this year as speculation about a recession looms and interest rates rise. The market uncertainty and shifting demand could cause extensive delays or abandoned developments. Property developers, who are the parties that oversee the project, will need to make tough decisions ahead. If you’re thinking about investing
Governor Brian Kemp of Georgia on Thursday announced the recipients of $225 million of federal health and public facilities development grants funded by the American Rescue Plan Act of 2021. The state selected142 projects from a crowded field of proposals submitted by local governments and nonprofit organizations as per federal regulation that would help “improve
The writer is CEO of Google and Alphabet This year, generative AI has captured the world’s imagination. Already, millions of people are using it to boost creativity and improve productivity. Meanwhile, more and more start-ups and organisations are bringing AI-powered products and technologies to market faster than ever. AI is the most profound technology humanity
Federal Reserve Bank of Minneapolis President Neel Kashkari said it’s a “close call” for him if the central bank should raise interest rates next month or pause while it monitors the outlook for inflation. “I think right now it’s a close call, either way, versus raising another time in June or skipping. What’s important to
Apple phones on display in an Apple store on May 04, 2023 in Miami, Florida. Joe Raedle | Getty Images Check out the companies making the biggest moves in premarket trading: Apple — Shares of the iPhone maker fell about 1% premarket after Loop Capital downgraded Apple’s stock to hold from buy. Loop predicts that
Labour leader Sir Keir Starmer will outline plans on Monday to get the NHS “back on its feet” if his party wins the next general election, by pledging to cut waiting times and reduce deaths from cancer, heart disease and suicide. In a speech, Starmer will argue that the future of the NHS will be
In this article BABA NVDA TTWO CINF PACW FDX Follow your favorite stocksCREATE FREE ACCOUNT A Walmart in Atlanta, Georgia, US, on Sunday, Feb. 19, 2023. Walmart Inc.’s profit forecast for this year fell short of analyst estimates, signaling more struggles for the worlds largest retailer after it was hammered by a surge in inventory.
A bearish market structure has been pressuring cryptocurrencies’ prices for the past six weeks, driving the total market capitalization to its lowest level in two months at $1.13 trillion. According to two derivative metrics, crypto bulls will have a hard time to break the downtrend, even though analyzing a shorter timeframe provides a neutral view
Facebook’s parent company is in talks to create a multiyear agreement with augmented reality start-up Magic Leap, as the social media giant continues to pour billions of dollars into its ambition to create an avatar-filled online world called the metaverse. According to people familiar with early discussions, Meta is exploring ways in which Magic Leap
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