archivenews

The biggest bank in the US reportedly says that a recent strategy to bet against emerging market (EM) currencies hasn’t worked out. Following President Donald Trump’s “Liberation Day” on April 2nd, JPMorgan Chase provided clients with a trade idea that involved flipping bearish on emerging market currencies, Bloomberg reports. Say JPMorgan strategists in a note, “Our UW (underweight) has not worked… We see sufficient arguments that EM FX (foreign exchange) will not weaken versus the USD in the coming period.” Bloomberg data shows that at least 14 different emerging market...

More than a third of surveyed Americans view real estate as the best long-term investment, according to a new report by Gallup, a global analytics and advisory firm. Others are more bullish on gold as a long-term investment, the report found.  Here’s what advisors have to say. Some Americans believe real estate and gold are the best long-term investments. Advisors think that's misguided. About 37% of surveyed U.S. adults view real estate as the best investment for the long haul, according to a new report by Gallup, a global analytics...

More than a third of surveyed Americans view real estate as the best long-term investment, according to a new report by Gallup, a global analytics and advisory firm. Others are more bullish on gold as a long-term investment, the report found.  Here’s what advisors have to say. Some Americans believe real estate and gold are the best long-term investments. Advisors think that's misguided. About 37% of surveyed U.S. adults view real estate as the best investment for the long haul, according to a new report by Gallup, a global analytics...

Aerial video along the Swannanoa River reveals the wrath of Tropical Storm HeleneAerial video along the Swannanoa River between Black Mountain and Asheville reveals the devastation of Tropical Storm Helene.Buncombe County’s proposed budget for fiscal year 2026 includes a 3.26-cent property tax increase to offset revenue shortfalls in the aftermath of Tropical Storm Helene.The budget prioritizes essential services, including $122 million for education, though still short requests from Asheville City Schools and Buncombe County Schools.ASHEVILLE – Described as a “break-even budget” focused on essential government services and recovery in the...

Reno redevelopment agency approves GSR arena project TIF contractReno's redevelopment agency voted 5-2 to approve the GSR arena project's tax-increment financing contract.The Reno redevelopment agency, which is made up of the city council members, voted in 5-2 to approve the tax-incremental financing contract with the Grand Sierra Resort’s phase one arena project.The deal would require GSR to be reimbursed 90% of its property tax, while the redevelopment agency would keep 10% of the property taxes. It sunsets in 2035.GSR owner Alex Meruelo said he would give the lease to the...

This is CNBC's live blog covering Asia-Pacific markets. Asia-Pacific stocks mostly climbed after China's central bank and financial regulators announced sweeping plans to cut key interest rates in an effort to shore up growth in the face of trade worries. Hong Kong's Hang Seng index rose 0.5% while mainland China's CSI 300 climbed 0.61% to close at 3,831.63. Japan's benchmark Nikkei 225 lost 0.14% to close at 36,779.66 while the Topix rose 0.31% to close at 2,696.16. South Korea's Kospi added 0.55% to close at 2,573.8 while the small-cap Kosdaq lost...

article A "Sold" sign sits in front of a newly purchased home as property taxes continue to climb across major US metros. (Photo by Steve Pfost/Newsday RM via Getty Images) Where did property taxes rise the most? By the numbers: Tampa, FL: +23.3%Indianapolis, IN: +19.8%Dallas, TX: +19.0%Jacksonville, FL: +18.7%Atlanta, GA and Miami, FL: +18.6%Seattle, WA: +18.4%San Antonio, TX: +18.2%San Diego, CA: +18.0%Charlotte, NC: +17.6% How much are people actually paying? Nationally, the median property tax bill in 2023 was $2,969, or about $247 per month. However, there’s a sharp divide between homeowners with and...

article A "Sold" sign sits in front of a newly purchased home as property taxes continue to climb across major US metros. (Photo by Steve Pfost/Newsday RM via Getty Images) Where did property taxes rise the most? By the numbers: Tampa, FL: +23.3%Indianapolis, IN: +19.8%Dallas, TX: +19.0%Jacksonville, FL: +18.7%Atlanta, GA and Miami, FL: +18.6%Seattle, WA: +18.4%San Antonio, TX: +18.2%San Diego, CA: +18.0%Charlotte, NC: +17.6% How much are people actually paying? Nationally, the median property tax bill in 2023 was $2,969, or about $247 per month. However, there’s a sharp divide between homeowners with and...

By JOSH FUNK OMAHA, Neb. (AP) — Billionaire investor Warren Buffett said Saturday that he wants to step down as chief executive of Berkshire Hathaway at the end of the year. The revelation came as a surprise because the 94-year-old had previously said he did not plan to retire. Buffett, one of the world’s richest people and most accomplished investors, took control of Berkshire Hathaway in 1965 when it was a textiles manufacturer. He turned the company into a conglomerate by finding other businesses and stocks to buy that were...