On Wednesday the House passed new legislation that seeks adjustments to Low-Income Housing Tax Credits issued by the Treasury that lowers the volume requirements of state-issued private activity bonds. The Tax Relief for American Families and Workers Act passed via a 357 -70 vote featuring strong bipartisan support. It stands on two legs of expanding
Stay informed with free updates Simply sign up to the UK interest rates myFT Digest — delivered directly to your inbox. The Bank of England said it required “more evidence” that inflation is falling before implementing interest rate cuts as it held borrowing costs at 5.25 per cent. At Thursday’s meeting of the Monetary Policy
Pastor Alistair Begg on Sunday defended his much-debated advice to a grandmother about attending an LGBT wedding, saying his comments were not meant to be blanket advice for all Christians but instead were aimed at helping a grandmother find a balance between reviling and affirming her grandchild. My response to one grandmother whom I have
Loading… Loading… Mizuhoanalyst Dan Dolev provided his 2024 FinTech & Payments outlook. The analysts top picks includedAffirm Holdings, IncAFRM ,Fidelity National Information Services, IncFIS ,Robinhood Markets, IncHOOD , andBlock, IncSQ . Dolev noted that AFRM is more than just Buy Now Pay Later (BNPL). In his view, AFRM is an alternative payment network competing with
The gig economy seems to be here to stay. In the U.S. alone, there are more than 70.4 million freelancers, and that number has been growing for the past few years. By 2028, it is projected that there will be upwards of 90 million gig workers who will constitute close to 50% of the domestic
CMPS not CLPS? — For the first time NASA has asked industry about private missions to Mars “I’m curious to see if this request brings many new players to the table.” Eric Berger – Feb 1, 2024 1:50 pm UTC Enlarge / NASA is interested in whether private companies have the right stuff for Mars.NASA
Loading… Loading… Public, a modern-day fractional investing platform, officially launched options trading, sharing 50% of its options trading revenue directly with members. Jannick Malling,co-founder and co-CEO of Public expressed the motivation behind this move, telling Benzinga, "We are excited to turn the payment for order flow model on its head for the benefit of our
Where are they now? — Exploring Reddits third-party app environment 7 months after the APIcalypse Apollo dev: “I dont believe Reddits leadership… cares about developers anymore.” Scharon Harding – Feb 1, 2024 12:30 pm UTC EnlargeGetty reader comments 30 Last year, Reddit sparked massive controversy when it dramatically changed the prices and rules associated with
Loading… Loading… As we step into 2024, the retail landscape is witnessing a transformative trend the meteoric rise of Buy Now, Pay Later (BNPL) services. This year, these services are not just growing but reshaping how consumers approach shopping, especially online. BNPL payments in the United States are expected to grow by 19.0% to reach
REBOOT OR, BETTER yet, REPLACE YOUR OLD ROUTERS! — Chinese malware removed from SOHO routers after FBI issues covert commands Routers were being used to conceal attacks on critical infrastructure. Dan Goodin – Jan 31, 2024 11:34 pm UTC Enlarge / A Wi-Fi router.Getty Images | deepblue4you reader comments 52 The US Justice Department said
Physical media — Apple declares last MacBook Pro with an optical drive obsolete The laptop hadn’t been for sale in more than seven years. Samuel Axon – Jan 31, 2024 10:46 pm UTC Enlarge / The 13-inch MacBook Pro from 2012. reader comments 98 Sometimes, it’s worth taking a moment to note the end of
Ignorance is bliss — Should you flush with toilet lid up or down? Study says it doesnt matter Pardon us while we go stock up on toilet tank disinfectant dispensers. Jennifer Ouellette – Jan 31, 2024 11:51 pm UTC Enlarge / Whether the toilet lid is up or down doesn’t make much difference in the
Loading… Loading… Visa Inc V and Mastercard Inc MA are two of the biggest players in the U.S. credit card space. While Visa is reporting fourth-quarter (Q4) earnings on Jan. 25, Mastercard is reporting on Jan. 31. The two firms compare well in terms of scaleand market performance. Let's take a quick look at how
dumped — Biogen dumps dubious Alzheimers drug after profit-killing FDA scandal The move ends a long saga that “ended up doing a lot of actual damage.” Beth Mole – Feb 1, 2024 12:17 am UTC Enlarge / The exterior of the headquarters of biotechnology company Biogen in Cambridge, Massachusetts. Getty | Boston Globe reader comments
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The US Federal Reserve held interest rates at a 23-year high on Wednesday, but gave little immediate indication of when it would begin cutting borrowing costs this year. The Federal Open Market Committee’s decision to
Municipals saw the largest one-day improvements since November Wednesday, as U.S. Treasury yields fell and equities sold off after the Federal Reserve Open Market Committee kept rates unchanged and signaled the Fed may not be rushing to cut rates until inflation is further tamed. In his press conference, Fed Chair Jerome Powell said cuts are
Another bankruptcy involving bonds issued through the Arizona Industrial Development Authority was filed Tuesday along with a pre-packaged exit plan that would result in bondholder ownership of a reorganized company. Restoration Forest Products Group, which brought the Chapter 11 case in U.S. Bankruptcy Court in Delaware, sold $112.8 million of taxable Series A senior and
The Federal Reserve announced it will leave interest rates unchanged Wednesday, setting the stage for rate cuts to come — and paving the way for relief from the combination of higher rates and inflation that have hit consumers particularly hard. Although Fed officials indicated as many as three cuts coming this year, the pace that they trim interest
Online banking fraud — Lawsuit: Citibank refused to reimburse scam victims who lost life savings Citibank’s poor security helped scammers steal millions, NY AG’s lawsuit says. Jon Brodkin – Jan 30, 2024 9:12 pm UTC Enlarge / The Citibank logo on a bank in New York City in January 2024. reader comments 102 Citibank has
The Federal Trade Commission has challenged the validity of over 100 drug product patents, focusing on devices used to deliver medicines, like inhalers and autoinjectors, in an effort to increase competition and potentially lower some prices. Use Our Content It can be republished for free. The FTC says drugmakers illegitimately use the patents to prevent