A clash over tax and economic policy has dominated the early tussles between former chancellor Rishi Sunak and foreign secretary Liz Truss in their bids to become Conservative leader and the next UK prime minister. As the second phase of the leadership contest got under way this week, with two candidates facing a vote by
As the U.S. airline industry appears to shake off the lingering effects of the pandemic, experts expect a rapid return to profitability and previously predicted growth. After a staggering 96% drop in the volume of domestic air travel shortly after the adoption of travel restrictions in March of 2020, passenger flight rates have rebounded to
In this article MAT VZ STX SNAP AXP Signage for Snap Inc., parent company of Snapchat, adorns the front of the New York Stock Exchange, March 2, 2017 in New York City. Getty Images Check out the companies making headlines in midday trading. American Express — Shares of the credit card company climbed 2.9% as
The U.S. dollar has been the world’s dominant currency for three-quarters of a century, and though it may not be apparent to inflation-wracked Americans, the currency maintains more purchasing power than most of its major rivals. That’s helpful to U.S. consumers, though it comes at a cost. Inflation is diminishing the value of the euro,
Michigan drew an upgrade from Fitch Ratings over analysts’ view that a rebuilding of reserves and cash balances along with flush tax collections and conservative budgeting strengthens the state’s edge in weathering a future downtown. The upgrade to AA-plus from AA impacts $1 billion of outstanding general obligation debt and the Michigan School Bond Qualification
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The ancient Greeks pioneered a range of innovations to cool their houses during the summer, planting trees to provide natural shade and designing buildings to limit which spaces felt the full blast of the sun’s rays. Thousands of years later, their descendants are drawing upon the same kind of ideas to cool down the city
There is an irritating predictability to the way in which Elon Musk’s unsolicited bid for Twitter is unravelling. Some users might have been excited by the idea but tech commentators and investors in Twitter were sceptical from the start. Why wouldn’t they be? For the second time, Musk appeared to insert a 420 internet weed
Volkswagen’s chief executive Herbert Diess, the architect of the German carmaker’s multibillion-euro push into electric vehicles, will leave the company within weeks after being forced out by union leaders and shareholders. The 63-year-old, who took over in the years following the VW emissions scandal, will be replaced by Porsche boss and former VW manager Oliver
The previous $19,000 Bitcoin (BTC) support level becomes more distant after the 22.5% gain in nine days. However, little optimism has been instilled as the impact of the Three Arrows Capital (3AC), Voyager, Babel Finance and Celsius crises remain uncertain. Moreover, the contagion has claimed yet another victim after Thai crypto exchange Zipmex halted withdrawals
Citigroup Inc.’s municipal-bond business, for decades a powerhouse in the $4 trillion market for U.S. state and city debt, has seen a wave of high-profile departures as the bank revamps parts of the group’s trading and banking units. The bank in recent months shuttered its muni proprietary trading unit — which used the firm’s own
The latest episode of Market Talks welcomes Nicholas Merten, the founder of DataDash, one of the largest cryptocurrency YouTube channels. Merten is an international speaker, thought leader and crypto analyst. He has utilized his 10-plus years of experience in traditional markets to understand the potential of cryptocurrencies and help his 515,000 YouTube subscribers make better
Ethereum Classic (ETC) has been outperforming its arch-rival Ethereum’s native token Ether (ETH) during the current crypto market rebound with the ETC/ETH pairs at 10-month highs. Why is ETC beating ETH? ETC’s price has risen to $27 on July 22, amounting to a 100% gain in nine days after bottoming out at $13.35. Comparatively, ETH’s
As a boy growing up in Southampton, Rishi Sunak helped his mother do the books in her pharmacy. That formative experience, coupled with his deep-rooted belief in a small state and his polished TV performances, should make him a dream candidate for the Conservatives. But the former chancellor is currently trailing Liz Truss among the
Bitcoin (BTC) took a step back as Wall Street trading began on July 22 after recovering most of its previous losses. BTC bulls fail to sustain assault on multi-week high Data from Cointelegraph Markets Pro and TradingView confirmed BTC/USD encountering fresh resistance near $24,000. The pair had spent the past 24 hours slowly clawing back lost
Near protocol was trading at its highest level since June 10 in today’s session, as prices of the token rose for a second straight day. Neo was also higher on Friday, with prices surging by over 15%, pushing the token to multi-week highs. Near Protocol (NEAR) Near protocol (NEAR) was one of the notable gainers
Genesee County, Michigan, drew an upgrade from Moody’s Investors Service over its healthier reserves, action that also benefits the Karegnondi Water Authority pipeline’s debt as it’s ultimately backed by the county. Moody’s raised the county’s general obligation limited tax and issuer ratings to A1 from A2 Monday, impacting $578 million of mostly self-supporting GOLT debt
The Miami-Dade Board of County Commissioners voted to enact Mayor Daniella Levine Cava’s proposal to lower the property tax by 1%, the first cut in over 10 years. The board voted on Tuesday to cut the countywide, unincorporated municipal service area, library and fire levies, bringing the combined millage rates to their lowest levels since
Property is the world’s single largest store of wealth, and if the cryptocurrency and blockchain world is seeking an express route to mass adoption, it could do worse than partnering with the real estate industry. According to a September 2021 report by Savills World Research, the estimated value of all the world’s real estate stands
If you’ve owned one, we needn’t remind you of the headaches and costs a vacation home can deliver. Hassles, maintenance and cash outflows can seem never ending. Maybe that’s why the pandemic era has ushered in the age of luxury co-ownership. Owners can acquire a piece of an ultra-luxurious property, view it as they might