Boston, Massachusetts Local News
Beverly faces nearly $4 million budget shortfall this spring
[ad_1] BEVERLY — The city is facing a nearly $4 million shortfall in funding the fiscal 2027 operating budget. That number — $3,921,385, to…
Tag: Fiscal policy
Boston, Massachusetts Local News
Report: Mass. cities, towns face ‘historic’ fiscal crisis
[ad_1] BOSTON — Massachusetts cities and towns are facing a “historic fiscal crisis” amid rising operating costs, lackluster state aid and restraints on property…
Real Estate
China’s monetary policy settings have been optimal so far: Fullerton Fund Management
[ad_1] ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Robert St Clair of Fullerton Fund Management says that the…
Boston, Massachusetts Local News
Teachers union blasts use of ‘millionaires tax’ money
[ad_1] BOSTON — Backers of the state’s “millionaires tax” are accusing the Healey administration of defying the will of voters by tapping into proceeds…
World News
Fed sparking irrational market optimism over potential rate cuts, former FDIC Chair Sheila Bair warns
[ad_1] Market optimism over the potential for interest rate cuts next year is dangerously overdone, according to former FDIC Chair Sheila Bair. Bair, who…
Banking
Big bank executives will assure lawmakers the industry's crisis is over, KBW CEO Thomas Michaud predicts
[ad_1] Big bank CEOs will likely convey deposits and earnings are stable to lawmakers on Wednesday, according to a major financial services executive. Thomas…
Business
Public workers may receive reduced Social Security benefits. There’s growing support in Congress to change that
[ad_1] Araya Doheny | Getty Images When Dave Bernstein, 87, started working at the U.S. Postal Service in February 1970, he was making $2.35…
Business
Moody’s lowers U.S. credit-rating outlook to negative, warns ‘fiscal deficits will remain very large’
[ad_1] Moody’s Investors Service turned negative on the US’s credit rating outlook Friday, citing risks to the nation’s fiscal strength and political polarization. The rating…
Banking
Zombie firms are filing for bankruptcy as the Fed commits to higher rates
[ad_1] In the U.S., 516 publicly listed firms have filed for bankruptcy from January through September 2023. Many of these firms have survived for…
Banking
How the Fed fights zombie firms
[ad_1] ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Some firms sustain their businesses by taking on more debt…
Business
Central Banks Search for Lessons From the Great Inflation Outbreak
[ad_1] (Bloomberg) — After the most aggressive monetary-tightening campaign in four decades, academics and economic practitioners are running autopsies on what could have prevented…
Business
75% of people ages 50 and up worry Social Security will run out of money in their lifetimes, survey finds
[ad_1] AleksandarNakic | E+ | Getty Images The subject of Social Security was largely left untouched in the first Republican presidential debate. But worries…
Business
As Republican contenders start to line up for the White House in 2024, Social Security may be key issue
[ad_1] zimmytws | iStock | Getty Images Last November’s midterm elections were expected to bring a so-called “red wave” of wins for Republican candidates.…
Banking
A.I. trade is leaving investors vulnerable to painful losses: Evercore
[ad_1] The artificial intelligence trade may be leaving investors vulnerable to significant losses. Evercore ISI’s Julian Emanuel warns Big Tech concentration in the S&P…
Humor
Survey Finds Americans Have $21 Billion In Unspent Gift Cards
[ad_1] A new survey found that 47% of Americans have one unused gift card, voucher, or store credit, totaling $21 billion nationwide, with the…
World News
China’s Xi visiting Saudi Arabia amid bid to boost economy
[ad_1] BEIJING — Chinese leader Xi Jinping is attending a pair of regional summits in Saudi Arabia this week amid efforts to kick-start economic…
Breaking News
UK’s self-billed ‘Scrooge’ promises tax rises, spending cuts
[ad_1] Britain’s Treasury chief, Jeremy Hunt, has warned a spending crunch and tax increases are on their way as he bids to fill the…
Breaking News
Bank of England makes biggest interest rate hike in 30 years
[ad_1] LONDON — The Bank of England made its biggest interest rate increase in three decades Thursday, joining the U.S. Federal Reserve and other…
Finance
Brazil’s Lula to reclaim presidency after beating Bolsonaro
[ad_1] RIO DE JANEIRO — Brazilians delivered a very tight victory to Luiz Inácio Lula da Silva in a bitter presidential election, giving the…
Finance
Wall Street heads for first weekly win streak since summer
[ad_1] NEW YORK — Wall Street is rallying Friday, led by Apple, Exxon Mobil and other companies that made even bigger profits during the…