Ahead of an expected push to broaden tax-exempt financing authority for tribal governments next year, a pair of Federal Reserve Bank of Minneapolis economists are recommending the tax code be reformed to allow tribes greater access to the financing tool. An April 25 paper titled “Tax code constraints limit tribal tax-exempt bonding” notes the relatively
In this article ZG Follow your favorite stocksCREATE FREE ACCOUNT Vitapix | E+ | Getty Images People looking to buy or sell a home this spring are paying close attention to mortgage rates. The average 30-year, fixed-rate mortgage rose to 7.17% for the week ended April 25, according to Freddie Mac data via the Federal
US regulators have seized Republic First Bancorp and agreed to sell it to Fulton Bank, the Federal Deposit Insurance Corp. said Friday, underscoring the challenges facing regional banks a year after the collapse of three peers. The Philadelphia-based bank, which had abandoned funding talks with a group of investors, was seized by the Pennsylvania Department
Open your virtual A-eyes. A new study testing ChatGPT’s artificially intelligent image creator showed an aggressive tilt toward men over women when asked to depict business people and chief executive officers, according to finance company Finder. Using DALL-E the generative AI, prompt-based photo creator integrated into ChatGPT from parent company OpenAI 99 out of 100
Trump’s criminal hush money trial continues in New York. On Thursday, former National Enquirer publisher David Pecker told the court he made deals with Michael Cohen and Trump to “kill” embarrassing stories that would damage his presidential campaign, including Trump’s alleged affair with Playboy model Karen McDougal.
Tesla founder and CEO Elon Musk met with a top government leader in the Chinese capital Sunday, just as the nation’s carmakers are showing off their latest electric vehicle models at the Beijing auto show. Chinese Premier Li Qiang told Musk that he hopes the U.S. will work more with China on win-win cooperation, citing
The New York Court of Appeals overturned the 2020 rape conviction of Harvey Weinstein Thursday and called for a new trial, in a stunning development to the historic case. The disgraced Hollywood mogul was sentenced to 23 years in prison after his 2020 conviction. But the appeals court cited the improper use of what’s known
An American venture capitalist says now is the time to bet big on Israel despite the country facing a multi-front war against Iran-backed terrorists in Gaza and Lebanon. Aaron Kaplowitz, who founded 1948 Ventures only days after the deadly Oct. 7 Hamas terror attacks, invests in Israeli early-stage dual-use companies, firms that create technologies with
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Tesla is partnering with Chinese search giant Baidu to deploy mapping and navigation technology in China, as Elon Musk moves closer to rolling out more advanced driver assistance features in the world’s biggest auto market.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is an international lawyer and founder of España Mejor, a non-partisan organisation to counteract political disengagement and polarisation Pedro Sánchez, Spain’s Socialist prime minister, startled the nation last Wednesday when he said he
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Elon Musk met senior Chinese trade officials in Beijing on Sunday as the Tesla chief faces questions over slowing sales growth for his electric vehicles and data security concerns in the world’s biggest car market.
Stay informed with free updates Simply sign up to the Airlines myFT Digest — delivered directly to your inbox. A shortage of aircraft seats is adding to bottlenecks in the industry’s supply chains, hampering plans by airlines to refurbish cabin interiors and unveil new upgraded planes. Aircraft seats, in particular those for first and business
Microsoft and Google’s owner Alphabet have quashed investor scepticism around the vast sums spent on developing artificial intelligence, after being boosted by rampant corporate demand for their cloud computing services. The combined market value of the two US tech giants rose by more than $250bn on Friday, a day after each reported double-digit revenue growth
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Topsy-turvy US economic data released this week left markets in a pickle, but still just outside the danger zone. Official figures revealed on Thursday that the US economy was not necessarily streaking ahead of the
The California Treasurer’s office will relaunch its DebtWatch website on May 1, offering a more user-friendly format with vastly more data than the original 2015 version. The website’s software will allow investors, issuers and taxpayers to access all the data the California Debt and Investment Advisory Commission gathers on bond issuance to allow them to
Alphabetannounced its first-ever dividend on Thursday and a $70 billion stock buyback, cheering investors who sent the stock surging nearly 16% after the bell. The Google parent is returning capital while spending billions of dollars on data centers to catch up with rivals on generative artificial intelligence. The dividend will be 20 cents per share. Just three
One pastor and author, who has studied and examined over 1,000 accounts of near-death experiences, believes that these types of incidents further prove God and the Bible. Its when someone clinically dies their heart stops, they have no brain waves, Burke, author of the new book Imagine the God of Heaven: Near-Death Experiences, Gods Revelation,
Mark Zuckerberg received the lowest salary of all of Meta’s staff in 2023, with his measly $1 salary — though the Big Tech chief raked in a staggering $24.4 million in “other compensation.” According to a proxy filing statement, the lion’s share of this “other compensation” covered Zuckerberg’s security costs. Though the Securities and Exchange
Meta Platformsdisappointed investors on Wednesday with forecasts of higher expenses and lighter than expected revenue, evaporating $200 billion in stock market value and raising fears that the surging cost of AI is outpacing its benefits. Shares of the Facebook and Instagram parent dropped about 15% in extended trade following the report, with its market capitalization
Goldman Sachs shareholders on Wednesday voted against proposals to divide the CEO and chairman roles held by David Solomon — bucking pressure from two influential proxy advisers to bolster corporate governance. But shareholders brushed off the concerns of Institutional Shareholder Services and Glass Lewis during Goldman’s annual meeting, which was held in Salt Lake City
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