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 […]
NYC Shelled Out Millions In Taxpayer Funds For Deportation Defense Cases As Migrant Crisis Crippled City
While the city grapples with a huge illegal immigration crisis, New York City officials continue to spend tens of millions of dollars on illegal immigrants who resist deportation orders, according to budget data reviewed by the Daily Caller News Foundation. are. Hundreds of thousands of illegal immigrants have flocked to the Big Apple over the […]
New Yorkers could get up to $250 in mail from unclaimed funds thanks to new law
New Yorkers may start 2025 on an unexpected green note. Empire State residents could suddenly see checks for up to $250 in their mailboxes starting this month, thanks to a new state law that cuts red tape. Checks are supposed to come from the state government, and the new law eliminates the haggling of asking […]
Hedge funds score double-digit returns as ‘Trump Trade’ helps cap strong year
Many of the world's biggest hedge funds posted comfortable double-digit returns in 2024, benefiting from turbulent markets, central bank policy changes and a close presidential election campaign. Big winners include Dan Loeb's New York-based Third Point, which returned 28.7%, and Mets owner Steve Cohen's Point72, which returned 19%, according to the paper. , including a […]
Exchange-traded funds have a 'tax magic' that many mutual funds don't offer – CNBC
Israel Sebastian | Moments | Getty Images Investment experts say investors who own exchange-traded funds often avoid taxes imposed by investors who own mutual funds, which are generally less tax-efficient. ETFs and mutual funds are baskets of stocks, bonds, and other financial assets overseen by professional money managers. But ETFs have a different legal structure, […]
GOP Rep Says California Federal Funds Could Be On Chopping Block If Newsom Flaunts Trump Deportations
Republican Congressman Greg Murphy of North Carolina says the state's federal funding could be at risk if California's Democratic Governor Gavin Newsom does not comply with President-elect Donald Trump's plan to deport illegal immigrants. said. Days after Trump defeated Vice President Kamala Harris in the Nov. 5 presidential election, Newsom called for a special session […]
BlackRock’s Bitcoin ETF sees record outflow as funds bleed $1.5B in 4 days – Cointelegraph
BlackRock's Bitcoin Exchange Traded Fund (ETF) saw total outflows from Bitcoin funds exceed $1.5 billion for the fourth consecutive business day, marking the largest single-day outflow ever. According to CoinGlass, BlackRock's iShares Bitcoin Trust ETF (IBIT) reached $188.7 million in outflows on Dec. 24, surpassing its previous record of $72.7 million set on Dec. 20. […]
Fire unions livid as funding for 9/11 health fund excluded from federal budget, funds in jeopardy
Firefighter unions and fire advocacy groups have accused Congress of failing to secure funding for medical programs for 9/11 victims, despite an agreement to keep the government open. Budget negotiations in Congress resulted in a failure to fund the WTC healthcare program. The program will provide financial assistance to 125,000 people who became ill several […]
Lil Wayne, Chris Brown, Marshmello Among Celebs Accused of Fraudulent Use of COVID Funds for Parties, Private Jets
Rappers Lil Wayne, Chris Brown, Marshmello and several other artists are accused of misusing government coronavirus relief funds to pay for lavish parties and line their own pockets. The musicians are accused of applying for and abusing Shattered Venue Operating Grants. The grant was intended to help arts organizations weather the coronavirus shutdown during the […]
NYC Mayor Eric Adams facing key decision on public matching funds
Eric Adams' re-election is at a crossroads Monday when the city's Campaign Finance Commission is scheduled to decide whether to award the indicted mayor millions of dollars in public matching funds. Adams is scheduled to go to trial in April to fight federal corruption charges, including allegations of campaign fraud, if the board denies his […]