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The House Ways and Means Committee approved legislation Wednesday renewing aviation taxes for five years, a key piece of the Federal Aviation Administration reauthorization that’s a must-pass Congressional priority this summer. HR 3796 passed along party lines, with Democrats complaining the bill was rushed and contained a surprise border patrol earmark benefiting a top Republican
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Gov. Kay Ivey made Alabama the latest GOP-dominated state to enact a law designed to limit the application of environmental, social, or governance factors by private sector businesses. SB261, which took a little under a month to make it from committee proposal through the Republican-dominated state legislature to the governor’s desk, seeks to shield some
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European markets traded cautiously at the open on Thursday as Canada’s surprise interest rate rise stoked fears the world’s central banks will push global rates higher for longer than expected. Europe’s region-wide Stoxx 600 fell 0.1 per cent, following Wall Street lower overnight, as traders were unsettled by the Bank of Canada’s decision on Wednesday
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NurPhoto | NurPhoto | Getty Images Check out the companies making headlines in midday trading. GameStop — The meme stock tumbled nearly 18% after the company fired CEO Matthew Furlong and appointed Ryan Cohen as executive chairman, effective immediately. The company didn’t provide a reason for the termination. related investing news Wells Fargo says improving
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Unfinished buildings, abandoned part way through construction, in Wuxi, China, on Tuesday, May 16, 2023. China’s economic recovery is losing momentum after an initial burst in consumer and business activity early in the year, prompting calls for more policy stimulus to bolster growth. Photographer: Qilai Shen/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images
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The market capitalization of BNB (BNB) has dropped by more than $7 billion since June 5 when the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Binance. BNB price eyes technical bounce The impact of the SEC lawsuit on Binance has been substantial so far with BNB down nearly 15% week-to-date. On June
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Connecticut lawmakers approved a $51.1 billion budget that cuts personal income-tax rates for the first time in almost 30 years, while increasing spending on education and housing. “We are delivering the largest cut to Connecticut’s income tax rates in state history,” Gov. Ned Lamont said in a press release Tuesday. The tax cut will benefit
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In meeting renewable energy goals, Virginia has found a new purpose for its old mine lands. State officials believe they can turn an epidemic of mine closures to their advantage by developing a growing number of abandoned properties into renewable energy hubs, leveraging millions of new funds to bring private developers to the table on
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In the latest episode of The Market Report, analyst and writer Marcel Pechman discusses the impact of the United States Securities and Exchange Commission lawsuit against the Binance exchange. Most likely, the U.S. population will be barred from using the international version of Binance, and those who opt for VPN services will be at risk
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On-chain analytics firm Glassnode published a report hinting that investors are rotating capital toward risk-off assets like stablecoins and Bitcoin. Technicals show that altcoins are at a crucial turning point between a positive and a negative breakout. Glassnode’s analysis of Uniswap and futures trading volumes reveals that the uptrend that began in the first quarter
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While passage of a fiscal 2024 budget took center stage during Illinois’ spring legislative session, lawmakers also advanced potential public-private partnerships, extended transit’s break from farebox funding rules, aided hospitals, and cemented a pension overhaul for Cook County. Budget passage came late last month, one week after the General Assembly’s self-imposed May 19 date but
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Mike Pence, Donald Trump’s vice-president, has filed paperwork with the Federal Election Commission to launch his candidacy for president, joining a crowded field of Republicans vying to take on Trump for the party’s nomination in 2024. Pence, 63, was loyal to Trump for four years in the White House, but broke with the president when
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