Florida Department of Revenue Operating in New Jersey? Here’s Why
The Florida Department of Revenue (DOR), which oversees tax collection and compliance for the state, operates offices in six states outside Florida — including a location in New Jersey — as part…
Maryland Senate GOP criticizes $280 million revenue shortfall, call for spending cuts
ANNAPOLIS, Md. — Maryland Senate Republicans are raising concerns after the Board of Revenue Estimates announced an additional $280 million write-down, increasing the state’s budget shortfall to $3.3 billion. In a statement…
Trump Announces Creation of External Revenue Service to Shift Tax Burden to Foreign Trade Partners
PALM BEACH, FL — Former President Donald J. Trump announced plans to establish a new federal agency, the External Revenue Service (ERS), aimed at collecting revenue from foreign trade partners through tariffs…
New Jerseyans Cut Back on Casinos as State Reports 8% Revenue Drop
ATLANTIC CITY, N.J. — The economy is doing great, they tell us. But, New Jerseyans on the ground are feeling the heat and people are still cutting back on discretionary spending, including…
Monmouth County Commissioner Urges Allocation of Marijuana Tax Revenue to Addiction Services
FREEHOLD, NJ — In a recent public statement, Commissioner Director Thomas A. Arnone, on behalf of the Monmouth County Board of County Commissioners, has called on the State to allocate tax revenue…
New Jersey Opposes Phil Murphy Plan to Fund NJ Transit with Gas Tax Revenue
New Jersey Residents Prefer Gas Tax Revenue for Roads Only, Poll Finds TRENTON, NJ—A recent poll by Farleigh Dickinson University revealed that a majority of New Jersey voters prefer that revenues from…
Lobbyists Rake In Record Revenue As Americans Grapple With Declining Wages
Washington, D.C.’s biggest lobbying firms are posting record revenues as Americans feel the heat from falling wages, The Hill reported Friday. The 20 largest lobbying firms in the country collectively brought in…
Payroll processor Paychex misses revenue estimates on weak client spending
(Reuters) – Paychex missed Wall Street estimates for third-quarter revenue on Tuesday, hurt by sluggish client spending on its human capital management and payroll services, sending its shares down nearly 4% in…
Missed Deadline May Cost Local Governments Millions in Property Tax Revenue, Good News for Residents?
Annapolis, MD – A failure by the State Department of Assessments and Taxation (SDAT) to mail out updated property tax assessments could result in significant revenue losses for local governments in Maryland.…
New York, New Jersey Governors Tout $2 Billion in Revenue from 2026 World Cup
Trenton, NJ – This weekend, New Jersey Governor Phil Murphy and New York City Mayor Eric Adams heralded the selection of the New York New Jersey (NYNJ) region as the host for…
Robert Half expects weak quarterly revenue on sluggish hiring activity, shares slip
(Reuters) – Recruitment services firm Robert Half forecast first-quarter revenue slightly below Wall Street estimates on Tuesday, hit by sluggish hiring activity. Shares of the Menlo Park, California-based company fell more than…
Return of US oil sanctions on Venezuela to hit revenue, fuel imports
By Marianna Parraga and Mayela Armas HOUSTON/CARACAS (Reuters) – A reimposition of U.S. sanctions on Venezuela’s oil and gas sectors would hurt the OPEC country’s ability to collect cash from its oil…
PulteGroup misses revenue estimates as home sales slow
(Reuters) – PulteGroup missed Wall Street estimates for fourth-quarter revenue on Tuesday, as it sold fewer homes at lower prices to offset a hit to demand from higher mortgage rates. The 30-year…
KLA forecasts third-quarter revenue below Street estimate on weak demand
(Reuters) -Chipmaking tools manufacturer KLA Corp forecast third-quarter revenue below Wall Street estimates on Thursday, signaling sluggish demand in the electronics segment. Shares of the California-based company fell more than 5% in…
Crown Castle beats annual site rental revenue estimate on steady demand
(Reuters) – Wireless tower operator Crown Castle beat Wall Street estimates for annual site rental revenue on Wednesday, driven by steady demand for its communications infrastructure. Shares of the Houston, Texas-based rose…
LA Times Implodes As Dozens Are Laid Off, Millions In Revenue Flushed Down The Toilet
LA Times Implodes As Dozens Are Laid Off, Millions In Revenue Flushed Down The Toilet Harold Hutchison on January 23, 2024 The Los Angeles Times announced over 100 journalists would be laid…
Pilbara Minerals’ Q2 revenue halves, focuses on cutting costs
Australia’s Pilbara Minerals reported a 46% sequential drop in its second-quarter revenue on Wednesday as average realised price for spodumene halved, and lowered annual capital expenditure guidance. Australian lithium producers may be…
PACCAR beats quarterly profit, revenue estimates on demand for newer truck models
(Reuters) – PACCAR Inc beat estimates for fourth-quarter profit and revenue estimates on Tuesday, on sustained demand for its fuel-efficient truck models. Shares of the U.S. truck maker were up 1.5% in…
Charles Schwab profit drops as costly deposits squeeze interest revenue
(Reuters) – Charles Schwab’s fourth-quarter profit fell 47% as bigger interest payments on its client deposits and debt dented gains from a jump in asset management fees, the brokerage reported on Wednesday.…
Credit data firm Experian’s revenue rises on resilient demand
(Reuters) -Credit data firm Experian posted a 9% rise in third-quarter revenue on Tuesday, powered by strong demand for its new products and business wins, especially in the Latin America region. Experian’s…
US issues sanctions targeting revenue supporting Houthi attacks
By Daphne Psaledakis WASHINGTON (Reuters) -The U.S. on Friday issued sanctions targeting commodity shipments financing Iran’s Quds Force and Yemen’s Houthis as Washington stepped up pressure on the Iran-backed Houthis over attacks…
Microchip Technology forecasts further drop in third-quarter revenue
(Reuters) – Microchip Technology on Monday forecast a further drop in its third-quarter revenue, citing lower shipment levels and a weak economy. Shares of the company fell 4.1% in trading after the…
Twilio taps insider Shipchandler as CEO, expects revenue to exceed forecast
(Reuters) – Twilio said on Monday it has appointed insider Khozema Shipchandler as the new CEO and expects its fourth-quarter revenue to be above the top-end of its earlier forecast range, sending…
OpenAI annualized revenue tops $1.6 billion- The Information
(Reuters) – OpenAI’s annualized revenue recently topped $1.6 billion on strong growth from its ChatGPT product, up from $1.3 billion as of mid-October, the Information reported on Saturday citing people with the…
Huawei forecasts 9% revenue growth in 2023 as smartphones surge
BEIJING (Reuters) – Chinese tech giant Huawei Technologies expects to report revenue exceeding 700 billion yuan ($98.5 billion) for 2023, according to comments from rotating chairman Ken Hu in an internal new…
Anthropic forecasts more than $850 million in annualized revenue rate by 2024-end – report
(Reuters) – Artificial intelligence startup Anthropic has projected it will generate more than $850 million in annualized revenue by the end of 2024, the Information reported on Tuesday, citing two people with…
Breaking News
