New Jersey Democrats Approve Bill to Punish Towns Fighting Affordable Housing By Withholding State Grants and Financial Aid
NJ lawmakers give housing-compliant towns first shot at state grants Trenton, NJ – New Jersey’s Democrat lawmakers are making their point clear to municipalities across the state: build high density affordable housing,…
How Orsted’s Financial Woes Could Impact New Jersey’s 2035 Gas Car Ban
How does the financial collapse of the wind farm operator affect Phil Murphy’s 2035 gas car ban? Orsted, the offshore wind energy company, appears ready to abandon New Jersey due to financial…
Financial Turmoil Temporarily Delays New Jersey Offshore Wind Farm
Orsted, the Danish company seeking to build a massive wind farm off the coast of New Jersey has been dealt multiple financial blows this week. After the company’s stock tumbled more than…
More LGBTQ rights could help Asia financial hubs draw global talent
By James Pomfret and Elaine Lies HONG KONG/TOKYO (Reuters) – In Hong Kong’s highest court, five judges are deliberating whether to recognise same-sex marriages conducted overseas. Their decision, expected later this year,…
Putin says financial market volatility has hampered investment
MOSCOW (Reuters) – Russian President Vladimir Putin on Tuesday said volatility on financial markets had hampered companies’ investment decisions and was something that needed to be brought under control. “The government and…
US Senator Feinstein sues over financial abuse in husband’s estate
By Kanishka Singh WASHINGTON (Reuters) – U.S. Democratic Senator Dianne Feinstein has filed a lawsuit alleging financial elder abuse and breach of trust by the trustees of her late husband’s estate, with…
Discover Financial CEO Roger Hochschild steps down
(Reuters) – Digital banking firm Discover Financial Services said on Monday Roger Hochschild would step down as chief executive officer and a member of the board. The company, whose shares fell 5.5%…
The Financial Viability of New Jersey’s Offshore Wind Energy Projects Possibly in Jeopardy
ATLANTIC CITY, NJ – The final nail in the coffin for offshore wind energy projects on the East Coast might be in danger by the policies of the very same people touting…
Gas Prices Spike in New Jersey, Causing Financial Pain for Commuters
TRENTON, NJ – The gas price in New Jersey and nationwide is up again. With prices edging close to $4 per gallon, the average price is $3.71 for regular unleaded, according to…
Biden’s SEC Chair Says AI Technology Could Lead To Financial Collapse
Biden’s SEC Chair Says AI Technology Could Lead To Financial Collapse Jason Cohen on August 7, 2023 Securities and Exchange Commission (SEC) Chairman Gary Gensler warned that artificial intelligence (AI) will play…
Wells Fargo hires Credit Suisse veteran as head of financial sponsors
(Reuters) – U.S. bank Wells Fargo said on Monday Malcolm Price has joined its corporate and investment bank (CIB) as the head of financial sponsors, after 35 years at Credit Suisse. During…
Exclusive-China, Saudi in talks for ETF cross-listings to bolster financial ties-sources
By Xie Yu and Selena Li HONG KONG (Reuters) – China and Saudi Arabia’s stock exchanges are in talks to allow exchange-traded funds (ETFs) to list on each other’s bourses, three sources…
Israel judicial plan, higher interest rates pose risk for financial system -regulator
By Steven Scheer JERUSALEM (Reuters) – The Bank of Israel on Wednesday warned of risks to the stability of the banking system due to possible economic consequences from the government’s plan to…
American Financial Titans Are Straying From Green Investment Strategies As GOP Pushback Mounts, Report Finds
American Financial Titans Are Straying From Green Investment Strategies As GOP Pushback Mounts, Report Finds Nick Pope on August 1, 2023 Major U.S. asset managers have supported a smaller share of resolutions…
War comes to Russian business after drones strike Moscow’s financial centre
By Alexander Marrow (Reuters) – Economic sanctions have been the biggest headache for Russia’s business elite since the start of the war in Ukraine, but two drone strikes in the heart of…
Yellow Corp financial woes not economy-wide issue -White House adviser
WASHINGTON (Reuters) – White House economic adviser Jared Bernstein on Monday said the reported impending bankruptcy of cash-strapped U.S. trucking company Yellow Corp does not indicate an economy-wide problem. The company, through…
Insurer CNA Financial misses profit estimates on higher catastrophe losses in P&C segment
(Reuters) – Insurer CNA Financial missed second-quarter profit estimates on Monday, as wider catastrophe losses in its property and casualty (P&C) segment partially offset higher investment income. Profits at insurers came under…
UK financial watchdog urges NatWest chair to stay put
LONDON (Reuters) – The chairman of NatWest Howard Davies should remain in office to ensure stability for the bank, a senior official at Britain’s Financial Conduct Authority said on Monday. Sheldon Mills,…
Prosecutor Warns Residents of Financial Scams Targeting the Elderly
MORRIS COUNTY, NJ – On Sunday, June 25, the Morris County Prosecutor’s Office issued a public service announcement concerning elder financial abuse and fraud prevention. Prosecutor Robert J. Carroll, Chief of Detectives…
Top NJ Senate Staffer Sentenced in Financial Campaign Scam
NEWARK, N.J. – Antonio Teixeira, a 44-year-old resident of Elizabeth, New Jersey, and former staff member in the New Jersey Senate, was sentenced on Tuesday to eight months of home confinement and…
Florida Teachers Unions Suffer Financial Blow Thanks To New Paycheck Laws
Florida Teachers Unions Suffer Financial Blow Thanks To New Paycheck Laws Reagan Reese on July 25, 2023 Several teachers unions are seeing a decrease in their revenue due to a Florida law…
Japan’s top financial diplomat signals chance of BOJ policy tweaks
By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s top financial diplomat on Friday suggested the central bank may tweak its approach to monetary stimulus at its next policy meeting, due to “signs of…
Capital One Financial beats profit estimates on higher interest income
(Reuters) – Consumer lender Capital One Financial reported a second-quarter profit on Thursday that beat analysts’ estimates, helped by higher income from borrowers following a rise in benchmark lending rates. The U.S.…
Reliance spin-off Jio Financial valued at $20 billion, above estimates
By Chris Thomas and Sethuraman N R BENGALURU (Reuters) -Jio Financial Services (JFS) has been valued at around $20 billion after its stock price was set at a much higher-than-expected 261.85 rupees…
S.Korea financial watchdog gathers securities firms to manage real estate risks
SEOUL (Reuters) – South Korea’s financial market watchdog gathered local securities firms on Thursday to assess real estate-related risks and urged for thorough and preemptive preparation against them amid concerns the number…
Discover Financial shares sink after profit miss, buyback pause
By Sinéad Carew (Reuters) – Shares in Discover Financial Services tumbled more than 13% in after-hours trading on Wednesday after its quarterly earnings fell short of expectations and it announced a share…
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