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The US dollar is under pressure as global investors grow increasingly wary of America's fiscal trajectory. Once seen as a reliable safe haven, the greenback is now facing renewed skepticism, with strategists telling Yahoo Finance that capital is shifting toward undervalued currencies in Europe and Asia amid expectations of foreign stimulus and more attractive valuations abroad. The US Dollar Index (DX-Y.NYB) — which tracks the dollar's value against a basket of major currencies including the euro, Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc — has dropped...

The Wall Street Journal on Thursday reported that the US Treasury will stop minting new pennies next year, bringing an end to the country's smallest monetary denomination. According to the Journal, the Treasury lost $85 million last year on new pennies, with 3 billion new one-cent pieces minted and then sent into circulation. The move is expected to save the government $56 million annually. For businesses, the lack of new pennies in circulation will mean cash transactions need to be rounded up or down to the nearest 5 cents, with...

US economic output rebounded in May as businesses digested President Trump's tariff rollback. S&P Global's flash US composite PMI, which captures activity in both the services and manufacturing sectors, came in at 52.1 in May, up from 50.6 in April. Increased activity in both the services and manufacturing sectors helped drive the gains. S&P's services PMI increased to 52.3 in May, up from 50.8. Meanwhile, the manufacturing PMI also increased, rising to 52.3, above the 50.2 seen the month prior. “Business confidence has improved in May from the worrying slump...

British police are investigating a fire which broke out at UK Prime Minister Keir Starmer's house in London.In a statement, the Metropolitan Police said officers were called to a property in Kentish Town, in the north London borough of Camden. Authorities say there was damage to the property's exterior but no one was injured. The house is in Mr Starmer's parliamentary constituency of Holborn and St Pancras.The Labour leader previously lived there before moving into Downing Street — the traditional home of British prime ministers — after his election victory last July."Officers...

'This is a total dog and pony show. This is not anything that’s credible,' DeSantis said.House Speaker Danny Perez delivers a stunning rebuke to DeSantisThe Florida Legislature nixed the governor's special session and created their own, solely focused on immigration.Florida Governor Ron DeSantis criticized the House's late-session push for property tax cuts as ineffective.House Speaker Daniel Perez prefers sales tax cuts and formed a 37-member committee to explore property tax cut options, a move DeSantis called a "dog and pony show."The House’s push for property tax cuts will be ineffective,...

House and Senate budget and tax cut negotiators are running out of time to reach a deal and end the legislative session on time.Local cheerleaders with Special Olympics show their skills at CapitolSpecial Olympics athletes demonstrate their cheerleading skills during Annual Law Enforcement Torch Run and ceremony at Capitol courtyard.The House and Senate disagree on tax cut plans, with differing approaches and overall amounts.The legislative session's deadline is approaching, with budget and tax cut negotiations still ongoing.One of Gov. Ron DeSantis’ main gripes with the House in his ongoing feud...

Sam Fox Founder of UK Mortgage Centre Get the latest news delivered to your inbox Sign up for The Manila Times newsletters By signing up with an email address, I acknowledge that I have read and agree to the Terms of Service and Privacy Policy. WARRINGTON, United Kingdom, April 23, 2025 (GLOBE NEWSWIRE) -- A property and mortgage expert has shared the five most common mistakes people make when purchasing a home. Sam Fox, the founder of UK Mortgage Centre, issued his advice as the market gets set to enter...

Ty Tagami  |  Capitol Beat News ServiceHow do billionaires avoid paying taxes? Here's what we know now.The super wealthy can afford to avoid paying taxes, but how? Here's what we know now.Georgia voters approved a constitutional amendment to curb property tax increases by tying them to inflation.Most cities and counties adopted the amendment, but the majority of school districts, which receive the largest share of property taxes, opted out.A new law gives local governments until the end of April to reconsider, but school districts face challenges due to rising education...

Joshua Fechter and Jasper Scherer, The Texas Tribune  |  Wichita Falls Times Record NewsProperty tax cuts aren’t free. In fact, they’re costing Texas a fortune.The Texas House is considering a budget that would shell out $51 billion — 15% of the state's total two-year spending plan — to maintain and provide new property tax cuts. That number, more than the state allocates to transportation or higher education, is making even some Republicans nervous about the state’s ability to afford the tax relief if there’s an economic downturn.If it were its...