Trump, ’s guilty verdict unprecedented

Trump, ’s guilty verdict unprecedented

A felony conviction just months ahead of a presidential race in the United States is unheard of. Yet Donald J. Trump has become the first former president and the first GOP candidate to be convicted by a New York jury on all 34 counts in his criminal case of hush-money. Trump himself called the verdict … Read more

Tax Foundation calls New Mexico tax ranking respectable

Tax Foundation calls New Mexico tax ranking respectable

Sherry Robinson  |  All She WroteLet’s start with the good news: New Mexico is number one on an important ranking. We have the nation’s lowest property taxes, and they’ve been the lowest for a long time.The reason goes back in history to the 1800s, when New Mexicans lost land to tax sales because they didn’t … Read more

NFP report makes case for no Fed rate cuts until 2025

NFP report makes case for no Fed rate cuts until 2025

​The US jobs report highlights a super hot US economy, underscoring that there is a real risk that interest rates won’t be cut until 2025, the CEO of a leading financial advisory and fintech has warned. The U.S. economy added 272,000 non-farm jobs in May, much more than expected, while Wall Street had forecast an … Read more

Dollar catapults after strong NFP

Dollar catapults after strong NFP

USDJPY spiked higher by over half a percent just after the release of US nonfarm payrolls (NFP) data, on Friday. USDJPY traded in the upper 156s after the US Dollar strengthened as a result of the better-than-expected results. Nonfarm payrolls showed the number of employed people in the US rose by 272,000 in May, when … Read more

MADSEN: Cut corporate income taxes massively to increase growth, prosperity

MADSEN: Cut corporate income taxes massively to increase growth, prosperity

Breadcrumb Trail Links Opinion Columnists Published Jun 07, 2024  •  Last updated 8 hours ago  •  2 minute read Photo by file /Getty Images Article content The federal Liberal government’s current budget proposal budget proposal to increase the inclusion rate for capital gains tax was met with justifiable criticism and opposition — primarily from business groups. … Read more

ECB, US data to dominate action

ECB, US data to dominate action

Following Wednesday’s choppy action in foreign exchange markets, investors are gearing up for key events that could ramp up the volatility. The European Central Bank will announce monetary policy decisions on Thursday and the US economic calendar will feature weekly Initial Jobless Claims and Unit Labor Costs data for the first quarter ahead of Friday’s … Read more

Outrage mounts as Hochul pushes last-minute NYC tax hike to replace congestion tolls: ‘Insulting joke’

Outrage mounts as Hochul pushes last-minute NYC tax hike to replace congestion tolls: ‘Insulting joke’

Gov. Kathy Hochul is pushing a New York City tax hike to replace the $15 congestion pricing tolls she indefinitely postponed — a last-minute funding Hail Mary that drew fierce opposition Thursday. Lawmakers and business groups slammed the prospect of a tax increase, especially after Hochul scuttled congestion pricing Wednesday because it would “break the … Read more

Syrian refugees left in dark as Asylum Service stalls applications

Syrian refugees left in dark as Asylum Service stalls applications

The Commissioner for Administration, Maria Stylianou-Lottides, has ignited a firestorm within the Asylum Service after a scathing report revealed significant delays in processing international protection applications from Syrian refugees. The report, prompted by a surge of complaints from frustrated applicants, exposes a bureaucratic nightmare with some Syrians waiting two to five years for a decision … Read more

Bitcoin, Gold to see higher volatility

Bitcoin, Gold to see higher volatility

By Naeem Aslam   Friday is all about one thing, the mother of all economic data which is most important to traders of gold and Bitcoin. The U.S. will disclose the most crucial economic reading, the non-farm payrolls unemployment figure. The Federal Reserve and other market participants place a high value on this information, considering that … Read more

Gold traders focus on ECB rate cut, NFP

Gold traders focus on ECB rate cut, NFP

Gold traders and investors expected the European Central Bank to cut interest rates by 25 basis points for the first time since 2019 in its meeting on Thursday, making it the first reversal in the bank’s hawkish monetary policy in five years. The Euro and the equities markets in Europe had already priced a major chunk of … Read more