The US Senate has approved a fiscal deal between the White House and congressional Republicans, ending a weeks-long political stand-off over the debt ceiling that risked triggering an unprecedented default in the world’s largest economy. Lawmakers in the upper chamber passed the bill with overwhelming bipartisan support on Thursday evening, with 63 senators backing the
Massachusetts state senators approved a $56 billion budget for the fiscal year 2024 last week, forwarding along for final debate a package that preserves many of the central features of Gov. Maura Healey’s landmark tax relief package. Senators followed in step with their counterparts in Massachusetts’ House in approving a package along the lines of
Two Missouri-based hospital operators, BJC HealthCare and Saint Luke’s Health System, are the latest to join the trend of large-system mergers. The two signed a letter of intent to form an integrated not-for-profit Missouri-based health system Wednesday. The systems will work to reach a definitive agreement “in the coming months” with a closing anticipated by the
Ejs9 | E+ | Getty Images Assessing how fast prices are changing for consumers may sound straightforward. But that’s not always the case — measurement quirks in consumer price index categories such as housing, technology and health insurance mean inflation readings don’t always jibe with the actual prices people pay. The dynamic is important: It
Georgia, a major cryptocurrency-friendly country among Post-Soviet states, is preparing to start monitoring crypto firms to prevent money laundering and comply with sanctions. The National Bank of Georgia plans to launch mandatory supervision of virtual asset service providers (VASP) starting Sept. 1, 2023. NBG’s acting governor Archil Mestvirishvili said that the new regulatory measures will
In episode 22 of Hashing It Out with Cointelegraph’s Elisha Owusu Akyaw, Sara Gherghelas, blockchain research analyst at DappRadar — a cryptocurrency data tracking platform — discusses the recent hype around memecoins, while looking at on-chain data. Gherghelas also provides insights on how other sectors, such as nonfungible tokens (NFTs), are faring as memecoins take
Tether-issued USDT (USDT) stablecoin broke past a new all-time-high market cap of over $83 billion as it continues its stablecoin market dominance. The new ATH market cap for the USDT stablecoin comes in a year when other stablecoin issuers are struggling to remain afloat due to regulatory ire. The same was pointed out by cryptocurrency
A bill to raise the debt ceiling cleared a significant hurdle on Wednesday afternoon, after Democratic lawmakers supported Republican Speaker of the House Kevin McCarthy and allowed the bipartisan deal to advance to a full vote. In order to see off a rebellion from members from his own party, McCarthy was forced to rely on
Modern and luxury smart homes in Singapore, seen from above during a hot summer day at the Keppel Bay Yacht Marina area in the city centre. Tobiasjo | E+ | Getty Images Singapore’s private homes are now the most expensive in Asia-Pacific, having overtaken Hong Kong, according to a new report. Data from the Home
In this article CRWD OKTA CRM AI CHWY PSTG JWN Follow your favorite stocksCREATE FREE ACCOUNT Customers walk through a shopping mall along the Magnificent Mile in Chicago, March 15, 2023. Scott Olson | Getty Images Check out the companies making headlines after the bell. Nordstrom — Shares of the high-end department store jumped 9%
Pending state legislation that boosts Milwaukee’s revenue raising prospects falls short of what the city needs to manage rising pension and other costs, Fitch Ratings said in cutting the city’s general obligation bond rating by two notches. Fitch dropped the rating Tuesday to BBB-plus from A and warned of the potential for further deterioration by
Typhoon Mawar’s negative impact on Guam’s tourism industry is likely to persist for at least two years, the Guam Visitors Bureau said Tuesday. Mawar brought sustained wind speeds greater than 140 miles per hour to the island last week, equivalent to the second most intense category of hurricanes. The bureau predicted the island would see
In February of 2022, real estate developer M. Patrick Carroll relocated his company Carroll to Florida and purchased a brand new Miami Beach estate for $16350000. This incredible home was designed from the ground up by legendary architect and designer, Achille Salvagni. Completed in 2020, the home is truly a work of art in itself—inspired
When NFTs first took off, it was Beeple’s digital art, CryptoPunks and Bored Ape Yacht Club PFPs that dominated the headlines and top sales — but one individual bucked the trend in a unique way, garnering attention with generative audiovisual art using just a C compiler. That individual was 0xDEAFBEEF, an artist and engineer based
A group of 255 of the UK’s top private equity dealmakers earned £2.7bn in carried interest in a single year, the kind of gain that has drawn scrutiny from politicians threatening to increase taxes on the industry. The haul accounted for about 80 per cent of all carried interest — the slice of profits private
Construction on a real estate development project gets underway near the Bund in Shanghai, China, on May 25, 2023. Future Publishing | Future Publishing | Getty Images BEIJING — New data show China’s massive property sector is still struggling to turn around, despite signs of recovery earlier this year. “In a reversal from April, prices
Municipals were firmer Tuesday as U.S. Treasuries rallied on improved chances that Congress will raise the debt ceiling and avoid a U.S. default. Equities ended mixed. Triple-A yields fell three to 10 basis points, depending on the scale, underperforming U.S. Treasuries, which improved by five to 14 basis points with the largest gains on the
The Illinois Supreme Court will have the final say on the constitutionality of the state’s 2019 consolidation of suburban and downstate police firefighter pension fund assets. A group of police funds challenged the legislation, which has so far cleared two legal hurdles. Kane County Circuit Court Judge Robert Villa upheld the law in May 2022 and
Cryptocurrency exchanges in Japan are preparing for the enforcement of the Financial Action Task Force’s Anti-Money Laundering (AML) regulations known as the Travel Rule. Major Japanese crypto exchange bitFlyer on May 30 announced the adoption of measures in response to the enforcement of stricter AML measures targeting crypto transactions in Japan. bitFlyer has introduced restrictions
Some of the most sought-after nonfungible tokens (NFTs) of 2022 have taken a massive hit in value over the past year. The trend mirrors the depreciating value of metaverse properties in 2023, which were considered top virtual lands for investment in 2022. Investments in top NFT projects, including Doodles, Invisible Friends, Moonbirds and Goblintown, have