The Wisconsin Assembly and Senate this week are considering several tax reforms as part of the budget for the fiscal year (FY) 2022-23 biennium, which begins Thursday (July 1). Several were precipitated by the Wisconsin Legislative Fiscal Bureau’s (LFB) announcement earlier this month that the state is projected to end the current fiscal year, as
Institutional investors rushing in to buy properties is not a main reason for the ultra-hot U.S. housing market, Coldwell Banker CEO Ryan Gorman told CNBC on Tuesday. In an interview on “The Exchange,” the real estate executive acknowledged the potential for institutional buyers to add further pressure on prices, as they look for potential hedges against inflation,
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Washington Redskins owner Daniel Snyder’s wife Tanya (L) on field before game vs New England Patriots at FedEx Field. Simon Bruty | Sports Illustrated | Getty Images The Washington Football Team announced Tuesday it named Tanya Snyder as co-chief executive officer. She joins her husband, Dan Snyder, as lead decision-maker of the National Football League
Take a look at some of the biggest movers in the premarket: Big banks – Goldman Sachs (GS), Bank of America (BAC), Morgan Stanley (MS), JPMorgan Chase (JPM) and Wells Fargo (WFC) all announced dividend increases after passing the Fed’s latest stress tests. Morgan Stanley and Wells Fargo both doubled their dividends, while Citigroup (C)
Mary Erdoes Adam Galica | CNBC JPMorgan Chase wants to take the sustainable-investing trend to the next level. To do that, the biggest U.S. bank by assets has agreed to buy OpenInvest, a San Francisco-based start-up backed by Andreessen Horowitz and founded by former Bridgewater Associates employees, CNBC has learned exclusively. It’s the third acquisition
In this article GBTC OBTC Chris Ratcliffe/Bloomberg via Getty Images As the Securities and Exchange Commission punts decisions on approving bitcoin exchange-traded funds, companies have created other options to meet the growing demand for cryptocurrency. One alternative, bitcoin trusts, holds the digital currency, making it easier for investors to add cryptocurrency to their portfolios. “You’re
About 2 million homeowners are still in some type of mortgage forbearance amid the health and financial fallout brought on by the Covid-19 pandemic. While the U.S. government extended the foreclosure moratorium through July 31, the Consumer Financial Protection Bureau isn’t planning to put any further bans on foreclosures in place. Instead, to help homeowners
Dry cracked earth is visible along the banks of Phoenix Lake on April 21, 2021 in Ross, California. Justin Sullivan | Getty Images LONDON — Major companies from across a range of sectors are increasingly concerned about the cost and availability of the world’s ultimate renewable resource: water. The availability and relatively low cost of
A longtime market bull sees an under-the-radar trend that should calm runaway inflation fears, and it has nothing to do with Federal Reserve policy. According to The Leuthold Group’s Jim Paulsen, private money coming from individuals and companies has been acting as a “very encouraging” market mechanism to help curb inflation. “We make decisions about
Oxford | Getty Images Your emergency savings could be in danger of losing value due to one thing: inflation. Costs are rising on everything from gasoline, which has jumped 20% during the pandemic, to bacon, which is up 18.7%. Meanwhile, persistently low interest rates mean it’s tougher to earn a return on your cash and
Tracking a Favorable Momentum and Transportation Stock.
In this article EZJ-GB Johan Lundgren, CEO of British airline EasyJet, is urging the U.K. government to further ease restrictions on European travel due to progress on vaccination rates. “We never anticipated it was going to be, you know, a straightforward recovery. We always knew there was going to be bumps along the way,” Lundgren said
U.S. stock index futures were little changed during overnight trading on Monday, after the S&P 500 and Nasdaq Composite closed at record highs. Futures contracts tied to the Dow Jones Industrial Average were flat. S&P 500 futures were also flat, while Nasdaq 100 futures dipped 0.1%. Stocks rose to new highs during regular trading on
High earners in high tax states cheered the news last week that Sen. Bernie Sanders included relief from the state and local tax cap in his budget. But the numbers suggest Sanders is only considering a partial reduction in the cap. And the latest proposal being discussed in Congress would do little to help the
Getty Images Some part-time workers who stay on the job may get faster access to their company’s 401(k) plan. As part of retirement legislation pending in Congress, workers who book between 500 and 999 hours for two consecutive years would generally be eligible for their employer’s plan. That would be a reduction from the current
A temporary gas shortage, caused by a hack attack, on much of the East Coast last month and fear of rising inflation have led some people to wonder if the 1970s are back. The Bureau of Economic Analysis report released last week did little to settle this fear, finding that the Personal Consumption Expenditures (PCE)
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In this article VOW3-DE CAP-FR SU-FR RNO-FR An electric car from Renault being charged in Berlin, Germany, on April 10, 2020. Annette Riedl | picture alliance | Getty Images Renault announced Monday it had signed “two major partnerships” related to the design and production of electric vehicle batteries, becoming the latest automotive firm attempting to get