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Mayor Deegan and finance committee work to decide how to spend over $25M from remaining COVID-19 grants, city money
JACKSONVILLE, Fla. – Mayor Donna Deegan plans to spend over $25 million on a variety of issues that came up during transition meetings with the public. Deegan wants to use federal funds left over from COVID-19 and other city money to pay for programs ranging from housing, public safety, recreation and more.City council members started…
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Binance crypto exchange founder to step down amid US illicit finance probe
US authorities say CEO Changpeng Zhao pleaded guilty to breaking anti-money laundering laws.Changpeng Zhao, founder of Binance, the world’s largest cryptocurrency exchange, has stepped down as CEO and pleaded guilty to violating anti-money laundering laws. The deal with the United States Department of Justice (DoJ) is part of a larger settlement that involves several federal…
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Canada to begin financing carbon capture, says will ramp up contracts for difference
OTTAWA, Nov 21 (Reuters) – Canada will finance investment tax credits for carbon capture and storage (CCS) and for net-zero energy technologies, following through on previously announced subsidies meant to attract more green investment, its Fall Economic Statement (FES) said on Tuesday.CCS is seen as key to decarbonizing Canada’s oil sands. Canada is the world’s…
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CF Finance Officers Sued for Fiduciary Duty Breach During Merger
Former CF Finance Acquisition Corp. II stockholders filed a class action against the company’s officers and directors in the Delaware Chancery Court, alleging that they breached their fiduciary duties during its special purpose acquisition company’s merger.The complaint alleges that the defendants set up CF II and purchased shares in a way that gave them an…
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Shipbuilder Diverse Marine Launches Client Finance and Lease Program
U.K. shipbuilder Diverse Marine has introduced its own finance and lease program designed initially for the financed construction of offshore wind crew transfer vessels (CTV).Funding for offshore wind CTVs has been challenging, and the company said it has observed over the last 24 months pressures felt by clients and vessel owners trying to justify builds…
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NGX, ISDBI Build Market Capacity On Islamic Finance, Target Increased Issuances
In a bid to further deepen the capital market in Nigeria through the issuance of Islamic Finance instruments, Nigerian Exchange Limited (NGX) and Islamic Development Bank Institute (IsDBI) collaborated on a capacity building workshop for Issuers and Investors. The workshop, held at the Exchange Group House in Lagos on Tuesday, 21 November 2023 aimed to…
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UK finance minister Hunt to make business tax break permanent
LONDON, Nov 21 (Reuters) – British finance minister Jeremy Hunt will reveal a permanent tax break for businesses in his Autumn Statement on Wednesday as part of measures to boost economic growth, The Times and The Financial Times newspapers reported on Tuesday.The policy, known as full expensing, allows businesses to immediately offset investment in plant…
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Taxes and Finance: Surprise! The mutual fund tax trap
Too often taxpayers receive tax surprises at year-end due to actions taken by mutual funds they own. What can add insult to injury is the unsuspecting taxpayer who recently purchases the shares in a mutual fund only to be taxed on their recent investment. How does this happen and what can you do about it?Tax…
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Housing market analyst ‘Poison Ivy’ Zelman, who called the 2008 bust that led to the Great Financial Crisis, sees ‘extremely depressed levels’ of existing home sales for years
Ivy Zelman is a financial analyst with a reputation for delivering bad news, especially about housing. Dubbed “Poison Ivy” for accurately calling the 2008 housing bust, the chief executive of Zelman and Associates looks out at the current market and doesn’t see a recovery for months, if not years, to come. “Existing home sales are…
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Ongoing Labor Shortage Calls for Innovative Accounting and Finance Outsourced Solutions
Business leaders setting 2024 revenue goals must consider whether the quality and quantity of current staffing will be sufficient to meet strategic business goals. The unemployment rate remains low in a tight job market, and the confluence of pandemic-inspired retirements and the retiring Boomer workforce has stretched some organizations to their breaking points, draining much-needed…
