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Oscar-winning director James Cameron has listed his sweeping ranch set along California’s Gaviota Coast for $33 million––parting with otherworldly Pacific Ocean views that inspired his five-part Avatar film franchise. The 8,000-square-foot home he and his wife, Suzy Amis Cameron, purchased 24 years ago is sited on an oceanfront 102-acre parcel in a biodiverse haven that’s
In this article Follow your favorite stocksCREATE FREE ACCOUNT Daniel Balakov | E+ | Getty Images Company: Algonquin Power & Utilities (AQN) Business: Algonquin Power is a renewable energy and utility company that provides energy and water solutions and services in North America and internationally. The company operates through two segments – (i) the regulated
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Chancellor Jeremy Hunt has ruled out big pre-election tax cuts this autumn, warning he must “double down” on inflation and would not “pump billions of pounds of additional demand” into the UK economy. “We will not countenance tax cuts if they make the battle against inflation harder,” Hunt told the Financial Times, admitting that meeting
The Puerto Rico Energy Bureau approved the Puerto Rico Electric Power Authority transfer of $12.8 million to AES-Puerto Rico to help shore up the company, which on June 1 defaulted on municipal bonds. The bureau voted 4-1 on Wednesday to release money in a PREPA escrow account to AES with the condition it is only
Chicago will deliver its 2024 budget forecast in mid-September after a series of public roundtable meetings this month that, along with a newly delivered transition report, will help shape Mayor Brandon Johnson’s first budget. Recommendations on pension funding fixes from a Johnson-appointed working group also could influence the budget as the panel readies initial proposals
Municipals saw small losses ahead of a larger new-issue calendar, while U.S. Treasuries were stronger up front and weaker out long after the jobs report came in lower than expected, as data continued to send the markets mixed signals on the economy’s health. Triple-A benchmarks rose up to three basis points, while USTs saw yields
Despite wide expectations for declining revenues, big-ticket tax cuts were on the agenda in state legislatures across the Northeast during the most recent budget negotiation periods. With a slowdown in economic activity expected going into fiscal 2024 after a strong post-COVID rebound, almost every state in the region passed or is still negotiating tax cuts
In this article META DKNG FSLR BABA Follow your favorite stocksCREATE FREE ACCOUNT A Rivian logo on an Amazon.com delivery electric van photographed in Chicago, Illinois, on July 21, 2022. Jamie Kelter Davis | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Alibaba — U.S. shares of the Chinese company
To run a municipality in 2023 means preparing for constant cyberattacks. Cyberattacks have become “an everyday phenomenon” for municipalities, said Omid Rahmani, associate director of public finance at Fitch Ratings. “This problem is not going to get better. In the short term, it’s going to get worse before it gets better.” Moody’s Investors Service found
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, July 6, 2023. Brendan McDermid | Reuters A sweeping change sought by the Securities and Exchange Commission would take fund managers’ culpability a step further than current standards if they don’t effectuate a greater standard of care. The rule
New York State Common Retirement Fund’s investment return was negative 4.14% for the state’s fiscal year that ended March 31, said state Comptroller Thomas DiNapoli. The fund is valued at $248.5 billion. The fund’s returns reflect retirement and death benefits of $14.7 billion, which were paid during the fiscal year. For the prior fiscal year,
Wealthy individuals who benefit from the UK’s non-dom rules paid record sums to the exchequer in the past tax year, in spite of tighter rules governing the regime. HM Revenue & Customs raised £8.5bn from non-domiciled taxpayers in 2021-22, it said on Thursday. Receipts were at their highest level since rule changes were introduced in
U.K. homeowners and would-be buyers have been beset by rising borrowing costs over the past year as the Bank of England has sought to get a handle on stubbornly high inflation. Anadolu Agency | Anadolu Agency | Getty Images LONDON — U.K. house prices fell at their fastest annual pace in 12 years in June
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In this article KDP JBLU SG AFRM Follow your favorite stocksCREATE FREE ACCOUNT A JetBlue Airways Corp. plane departs at Reagan National Airport (DCA) in Arlington, Virginia, U.S., on Monday, April 6, 2020. Andrew Harrer | Bloomberg | Getty Images Check out the companies making the biggest moves midday: JetBlue Airways — Shares of JetBlue
The Federal Reserve needs to raise interest rates a bit further to rein in an inflation rate that’s too high, monetary expert John Taylor said. “They’ve had a big adjustment over the last couple of years,” the Stanford University professor told a webinar hosted by the American Council for Capital Formation on Thursday, adding, “I
Investors sold stocks and bonds across the world on Thursday as US borrowing costs touched a 16-year high, following strong jobs figures that intensified expectations of further rate rises by the Federal Reserve. Europe’s Stoxx 600 index closed down 2.3 per cent, its biggest one-day drop since March, as the yield on the two-year US
A sign advertising home mortgage services at a Bank of America branch in Manhattan Beach, Calif. Patrick T. Fallon | Bloomberg | Getty Images The average rate on the popular 30-year fixed mortgage hit 7.22% Thursday, according to Mortgage News Daily. That’s the highest point since early November. Mortgage rates follow loosely the yield on