California city attempts to raise cost of gas stoves to ‘disincentivize’ natural gas infrastructure
The Wall Street Journal editorial board slammed the city of Berkeley's attempt to raise the cost of installing gas stoves in commercial and residential buildings. “Democrats say they're not after gas stoves, but look at how the People's Republic of Berkeley is trying to make them obsolete,” the Wall Street Journal wrote. The editorial was […]
Brooklyn Parents Raise Alarm over All-Male Migrant Shelter Near Private School
Residents of Brooklyn, New York, said “no one knew about it and no one agreed” to a shelter for immigrant men opening near the private Christian school their children attend. A 400-bed shelter for men Open According to Fox News, the incident occurred in April in the borough's Gowanus neighborhood, just outside City Life Academy. […]
Eton to raise fees to £63,000 in response to VAT change | Private schools
Eton has written to parents saying it will increase tuition fees by a fifth after the government removed VAT exemption for private schools, raising annual fees from £52,749 to around £63,000. “The president and alumni regret that the government has chosen to tax education in this manner,” the university said in the letter. “Furthermore, we […]
School cellphone bans take effect in some US states, as experts raise issues
Several U.S. states and school districts are heeding calls for stricter rules or even an outright ban on student cell phone use. Arizona is reportedly the latest state to try to limit use, with state lawmakers arguing that while districts can address the issue individually, broader legislation is needed. In April, Gov. Katie Hobbs vetoed […]
DOJ sues software firm, alleging pricing algorithm enables landlords to raise rents
The Department of Justice (DOJ) sued property management software company RealPage on Friday, alleging that the company’s pricing algorithms allow landlords to share sensitive pricing information and increase rents. The lawsuit, joined by attorneys general from North Carolina, California, Colorado, Connecticut, Minnesota, Oregon, Tennessee and Washington, alleges that RealPage violated antitrust laws by restricting competition […]
GOP leaders push House members to raise more cash to combat Harris enthusiasm
House Republican Campaign Chairman Richard Hudson (R-N.C.) urged lawmakers in a private conference call on Thursday to step up fundraising efforts and investments as Democratic enthusiasm grows following Vice President Harris’ announcement that she is running for president. Hudson’s plea, the Republican National Congressional Committee’s (NRCC) chairman, comes after the House Democratic Campaign Committee outraised […]
Jamie Dimon backs ‘Buffett Rule’ to raise taxes on millionaires
Billionaire banking executive Jamie Dimon has said he supports taxing the wealthy to pay down the national debt. The CEO of JPMorgan Chase said he supports the so-called “Buffett Rule,” which would require everyone making more than $1 million a year to pay a minimum effective tax rate of 30% on their income. Reducing the […]
US stocks rally as strong retail sales raise hopes of ‘soft landing’ – Financial Times
Positive US retail sales data and strong performance from Walmart lifted markets and boosted confidence that the US economy will avoid a recession and achieve a “soft landing”. The new optimism spurred a rally on Wall Street, with the S&P 500 closing up 1.6%, enough to erase the index’s entire August decline. The tech-heavy Nasdaq […]
JetBlue downgraded by S&P and Moody’s amid $3B debt raise
See what’s clicking on FoxBusiness.com Ratings agencies S&P and Moody’s downgraded JetBlue Airways after the airline announced plans to raise more than $3 billion in debt, much of it through its loyalty program, TrueBlue. The New York-based company’s shares plummeted 19%. JetBlue plans to raise $1.5 billion through a private offering of senior secured notes […]
Vance wants to raise the child tax credit to $5,000. Here's why that could be difficult – CNBC
Republican vice presidential nominee Senator J.D. Vance speaks at a campaign rally at NMC-Wallard Inc./Wallard International in Eau Claire, Wisconsin, on August 7, 2024. Adam Boettcher | Getty Images Sen. J.D. Vance of Ohio, former President Donald Trump’s Republican vice presidential nominee, wants to more than double the child tax credit, but policy experts say […]