If you mine digital assets—like cryptocurrency—your job might soon become a little more expensive. The White House has announced plans to ask crypto miners to pay a premium for energy consumption. President Biden’s proposed budget for the 2024 fiscal year includes a Digital Asset Mining Energy (DAME) tax equal to 30% of the electricity used
Month: May 2023
A look at the supply/demand dynamic for Manhattan and Brooklyn rentals suggests that rents are going up. Despite worries about oversupply and lower demand in the commercial sector, the opposite dynamic appears to be taking place in the residential sector. The year-over-year change in the number of new rental listings is starting to fall as
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT Gov. Ron DeSantis speaks during a news conference in the cabinet room at the close of the 2023 Florida legislative session Friday, May 5, 2023. Alicia Devine | Tallahassee Democrat via AP Florida Gov. Ron DeSantis on Friday signed legislation that effectively voids the development
In this article LYFT Follow your favorite stocksCREATE FREE ACCOUNT A Lyft decal is seen on a car in the pick-up area at JFK Airport on April 28, 2023 in New York City. Michael M. Santiago | Getty Images News | Getty Images Lyft shares dropped nearly 15% in extended trading on Thursday after the
In this article BRK.A Follow your favorite stocksCREATE FREE ACCOUNT Greg Abel at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC To say that Warren Buffett’s successor Greg Abel has big shoes to fill would be an understatement. The vice chairman for non-insurance operations at Berkshire Hathaway recently
In this article WMT Follow your favorite stocksCREATE FREE ACCOUNT Fotostorm | E+ | Getty Images Fears of a possible recession and high inflation may be weighing most heavily on single women, according to a financial advisor who works with the demographic. “In times of inflation, the cost of everything goes up, including rent, utility
The federal Centers for Medicare and Medicaid Services (CMS) has moved to increase pay for home care aides and others who provide personal care for frail older adults and younger people with disabilities. It has proposed new rules requiring Medicaid home care agencies to direct at least 80 percent of program payments for personal care
US banks continue facing severe financial pressures, with First Republic’s failure now being followed by intensified pressure on PacWest, Western Alliance and others previously thought to be healthy. A key driver is banks’ exposure to falling commercial real estate values, driven in part by the rise in working from home and reduced demand for commercial
Forbes Global Properties Privacy? Yes. Ocean views? Of course. The setting and style of this contemporary home in the prestigious community of Montecito melds the natural coastal beauty of Southern California with a decidedly indoor-outdoor lifestyle. The home at 303 Meadowbrook Drive unfolds across 1.38 acres in horizontal lines with floor-to-ceiling glass and pillars that
In this article DIS Follow your favorite stocksCREATE FREE ACCOUNT A view of the Walt Disney World theme park entrance in Lake Buena Vista, Florida, July 11, 2020. Octavio Jones | Getty Images The Florida Chamber of Commerce has counted Disney as an ally for over a decade and helped propel Republican Gov. Ron DeSantis’
In this article WBD Follow your favorite stocksCREATE FREE ACCOUNT Pavlo Gonchar | Lightrocket | Getty Images Warner Bros. Discovery reported a big quarterly loss even as its U.S. direct-to-consumer segment turned a profit for the first time ever. The company also expects the DTC, or streaming, business to be profitable for 2023 in the
In this article HOOD GS AAPL JPM Follow your favorite stocksCREATE FREE ACCOUNT Upgrade CEO Renaud Laplanche speaks at a conference in Brooklyn, New York, in 2018. Alex Flynn | Bloomberg via Getty Images The technology industry is known for innovation and spawning the next big thing. But at a time of economic uncertainty and
Estimates put the cost of King Charles coronation at between £50 million and £100 million ($63-125 million). Future Publishing | Getty Images LONDON — The eyes of the world will be on the U.K. this weekend as King Charles III is crowned at Westminster Abbey in a quintessentially British display of pomp and pageantry. The
Some people thrive on butting right up against deadlines. I am not one of those people. I don’t like taking chances—especially when it comes to tax deadlines. There’s always a chance that a rush of Swifties to get concert tickets could take out the internet while I’m attempting to e-file a return. Or that a
Forbes Global Properties One could easily mistake this Mediterranean villa for a grand property set along the Italian Riviera: Sea air, towering cypress and a driveway lined with olive trees. The hilltop estate has near 22 acres of grounds that includes a massive avocado orchard that dots … [+] the landscape. Village Properties Yet the
In this article CVNA Follow your favorite stocksCREATE FREE ACCOUNT A Carvana glass tower sits illuminated on Feb. 23, 2022, in Oak Brook, Illinois. Armando L. Sanchez | Tribune News Service | Getty Images Carvana on Thursday said it expects to achieve positive adjusted earnings during the second quarter of this year — earlier than
In this article SG CMG Follow your favorite stocksCREATE FREE ACCOUNT Nicolas Jammet, chief concept officer and co-founder of Sweetgreen Inc., right, eats a salad during the company’s initial public offering (IPO) on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Thursday, Nov. 18, 2021. Michael Nagle | Bloomberg
A restaurant in the Xintiandi shopping area in Shanghai on March 25, 2023. The overall number of new fine dining restaurants in China declined from 2021 to 2022, but the number of new venues doubled in 2021 from 2020, said Tang Yan, a Black Pearl representative. Bloomberg | Bloomberg | Getty Images BEIJING — A
Rawf8 | Istock | Getty Images Higher education often costs more than most families can afford. A new report by NerdWallet shows the high school class of 2023 is facing a little more than $37,000 in student loan debt to receive a college bachelor’s degree. Tuition and fees plus room and board for a four-year
The U.S. may default on its debt within a month — an event that could threaten severe financial harm for American households and the economy at large, experts warn. To avoid that outcome, lawmakers are trying to find a path forward to raise or suspend the debt ceiling, which would enable the U.S. to pay
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