Raising the cap on state and local tax deductions to $80,000 from $10,000 would reduce the federal income tax liability by $55.9 billion in 2021, making it less concentrated among those with the highest incomes and making it $35.3 billion cheaper for the government than repealing the SALT cap altogether. That was the takeaway from
The COP26 climate summit in Glasgow succeeded in getting 197 countries to agree new rules on limiting greenhouse gas emissions, but last-minute objections from India and China stymied a commitment to end coal use and fossil fuel subsidies. Conference president Alok Sharma fought back tears in the final minutes as he apologised to other ministers
Goldman Sachs’ head of energy research says, “Just like we argue that silver is a poor man’s gold, gold is maybe becoming the poor man’s crypto.” He sees funds starting to flow from gold into bitcoin as inflation fears escalate, noting that “We’ve argued historically that crypto and gold do not have to cannibalize each
The Municipal Securities Rulemaking Board has re-established two key advisory groups for its 2022 fiscal year: the Compliance Advisory Group (CAG) and the Municipal Fund Securities Advisory Group (MFSAG). The MSRB is also seeking input on topics it should consider in developing compliance resources and tools for municipal fund securities. In a November 11 announcement,
In this article CNC Morsa Images | DigitalVision | Getty Images Company: Centene Corp. (CNC) Business: Centene operates as a multi-national health-care enterprise that provides programs and services to under-insured and uninsured individuals in the United States. Its Managed Care segment offers health plan coverage to individuals through government-subsidized programs, including Medicaid, state children’s health
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 13, 2021. Brendan McDermid | Reuters Consumers are in the spotlight in the week ahead, with the imminent release of retail sales for October and earnings from major chain stores. Retail sales is the big economic report
As with much of London, the streets and structures of London neighborhood, Belgravia, are rich with a storied history—but while many can boast noteworthy pasts of royalty and nobility, none perhaps has quite as auspicious a future. Initially developed in the 19th-century by Marquess of Westminster, Robert Grosvenor, Belgravia’s noble roots have remained a through-line—several
Source: Douglas Elliman Pent-up demand, a roaring stock market and extremely low interest rates are melding together to create a record-breaking luxury real estate market in Manhattan. “Leading up to the pandemic, the high end of the market was the weakest segment of the market. However, since the end of the lockdown, it’s inverted –
Municipal bonds were slightly weaker Friday inside 10 years, but trading was light and munis still outperformed U.S. Treasuries, which weakened further on the day from Wednesday’s large sell-off. Investors put nearly $2 billion into municipal bond mutual funds for the most recent week with high-yield reversing a downward course to hit $1.2 billion following
Jes Staley exchanged 1,200 emails with Jeffrey Epstein over a four-year period with content that included unexplained terms such as “snow white”, according to people familiar with the correspondence between the former Barclays chief executive and the convicted sex offender. Staley resigned from Barclays last week after seeing preliminary conclusions of an investigation by UK
Two sets of teachers’ unions and a judiciary association filed separate challenges to a Puerto Rico Oversight Board pension law interpretation the board has said is necessary to enact of the Plan of Adjustment. The teachers’ unions filed in the final hour before the 5 p.m. AST Friday deadline that Puerto Rico bankruptcy Judge Laura
The proof-of-work (PoW) consensus model is the mechanism that kicked off the revolution that launched Bitcoin (BTC) in 2009 and it was the model of choice behind many of the popular projects in the early fledgling years of the crypto ecosystem. As time progressed, other consensus models like proof-of-stake (PoS) rose in popularity, especially as
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, October 19, 2021. Brendan McDermid | Reuters The market, regardless of which index we use – S&P 500, Dow or Nasdaq – keeps climbing and making new highs. With that type of trajectory, we might assume that there are
In this article WRBY RIDE RIVN TSLA The Lordstown Motors Corp. Endurance electric pickup truck is displayed during an unveiling event in Lordstown, Ohio, U.S., on Thursday, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Johnson & Johnson — Shares of the health care
Welcome to the latest edition of Cointelegraph’s decentralized finance (DeFi) newsletter. Ethereum Name Service announced a retroactive token airdrop this week to a fanfare of crypto enthusiasts. If you happen to own a .eth domain, read on to discover how you can claim your eligible tokens. What you’re about to read is the smaller version
A commercial purchase and sale contract required the seller to obtain estoppel certificates from building tenants and deliver them to the buyer “two business days” before the Closing Date for the deal. The Closing Date was Friday. So when exactly did the seller have to deliver the estoppel certificates to the buyer? The buyer interpreted
CHUNYIP WONG | iStock | Getty Images As the struggles for renters continue, at least eight states and more than 20 cities have policies in place to keep families protected from eviction. Even as the country pulls out of the pandemic, more than 15% of adult renters still report being behind, with as many as
As environmental, social and governance factors have become more important to investors in the municipal market, more market participants are jumping into the space to provide ESG data and analytics. Intercontinental Exchange this week expanded its reference data coverage to now include two million fixed-income instruments, including municipals, in an effort to provide greater transparency
Johnson & Johnson is to spin off its consumer products division, best known for Band-Aid plasters and baby shampoo, as the world’s largest healthcare company seeks to focus on pharmaceuticals and medical devices. The division, which generated $14bn in sales last year, will be split off in 18 to 24 months, most likely via a
Every Miami resident with a digital wallet will be eligible to receive a Bitcoin dividend according to Mayor Francis Suarez. “We’re going to be the very first city in America to give Bitcoin yield as a dividend directly to its residents,” Suarez said in an interview on Nov. 11. Citycoins launched the MiamiCoin cryptocurrency in