Kathy Hochul proposes new rules to curb NY home purchases by hedge funds, buyout firms
New York Gov. Cathy Hochul wants to make it harder for private equity firms and hedge funds to buy up residential real estate in the Empire State. Hochul on Thursday proposed several measures in the national budget that would prevent institutional investors from bidding on homes for the first 75 days after they are listed […]
More than half of UK firms planning price rises as confidence falls to two-year low, survey finds – business live | Business
main events Show only major events Please turn on JavaScript to use this feature The yuan falls to a 16-month low. Chinese exchange meets foreign investors Learn more about China. The tightly controlled yuan has fallen to a 16-month low, while Chinese blue-chip stocks have fallen, down 4.1% since the start of the year. With […]
American Energy Firms Are Counting Down The Days Until Trump’s Return
A new survey shows U.S. energy companies are looking forward to his return, driven by President-elect Donald Trump's promise to “drill, baby, drill” in his next administration. Mr. Trump has repeatedly vowed to free up U.S. oil and has made achieving “energy dominance” a key aspect of the incoming administration's agenda. Reply to anonymous investigation […]
Hochul signs bill that will charge energy firms $75B, but critics say customers will really foot the tab
Today, New York Governor Cathy Hochul signed into law the Climate Superfund Act, which charges oil and gas companies an estimated $75 billion over the next 25 years. The controversial bill, proposed by Sen. Liz Krueger and Rep. Jeffrey Dinowitz, is modeled on federal and state Superfund laws that impose penalties on companies accused of […]
House Judiciary Committee probes investment firms over ESG ties
The Republican-led House Judiciary Committee has targeted a group of U.S. asset managers over their involvement in the “woke ESG cartel,” ramping up pressure on environmental initiatives by big investors. The committee, chaired by Ohio Congressman Jim Jordan, joins BlackRock, State Street, and JP Morgan, which are members of a group of international investors that […]
NATO Pushback Debanking of Arms Firms
Bank withdrawals from defense companies supplying Western militaries have become so serious that people, including the NATO Secretary General, have been forced to tell the public that they support banks that invest in weapons companies. NATO's secretary-general said defense companies should not be put in the same category as illegal drugs and pornography as immoral […]
Bills, Dolphins make history by selling minority stakes to private equity firms
The Buffalo Bills and Miami Dolphins made National Football League history Wednesday by becoming the league's first clubs to sell their stakes to a private equity firm. The minority non-controlling interest, which means the company has no voting or actual decision-making power over the team, was approved at the NFL League Conference in Dallas, Texas, […]
Adams admin hires foreign firms to run NYC’s Downtown Heliport, raising security concerns: Not ‘a wise choice’
Mayor Eric Adams' administration has selected two foreign companies to operate the helipad in downtown Manhattan, but because the presidential helicopter Marine One uses the helipad, some national security concerns have been raised. This is causing concern for people. The City Economic Development Corporation will operate the city-owned Downtown Heliport in partnership with Skyports Infrastructure, […]
Investors, firms balking at ESG ETFs
Bottom Line panelists are speaking out as some companies try to distance themselves from politics. Companies that manage investment funds are rebranding or, in some cases, shutting down. Exchange Traded Fund (ETF) These were previously linked to environmental, social and governance (ESG) objectives amid political and regulatory backlash. ESG investing has gained attention over the […]
Australia Abandons Plans to Fine Tech Firms for ‘Misinformation’
(AFP) – Australia has scrapped plans to fine social media companies if they fail to stop the spread of misinformation, the country's communications minister announced on Sunday. The proposed legislation provides sweeping powers for finetech companies to be fined up to 5% of their annual turnover if they breach new online safety obligations. Communications Minister […]