Hochul’s Budget Proposes Tax Break for NYC Office Conversions
New York Governor Kathy Hochul’s $227 billion budget includes proposals that would make it easier to convert older office buildings into residential use.
Bloomberg Business
Stock Bull Pain Threshold Swells to Pandemic Size in New Market Run-Up
Anyone who lived through the 2020 bull market knows: investors, especially of the retail ilk, can stomach a lot of pain. However dark is the here and now, light beckons at the end of the tunnel.
Meta Evokes Big Tech’s Glory Days With Biggest Surge Since 2013
A spectacular turnaround in Meta Platforms Inc.’s stock is bringing back flashes of Big Tech heydays.
Clorox Boosts Full-Year Forecast on Price Hikes, Cost Cuts
Clorox Co. raised its annual forecast as it benefits from higher prices across its diverse portfolio of household staples.
Manchin Says Yellen Is ‘Not Following the Law’ on EV Tax Credits
Senator Joe Manchin accused US Treasury Secretary Janet Yellen of “not following the law” on electric vehicle tax credits as automakers push the Biden administration to apply broad interpretations to a bill that he largely wrote last year.
Bill Clinton Returns to White House to Mark Family Leave Law
President Joe Biden hosted former President Bill Clinton at an event Thursday to celebrate the 30th anniversary of the Family and Medical Leave Act, saying the landmark law had made a “gigantic difference” for American families.
LockBit Hackers Behind ION Breach Also Hit Royal Mail, Hospital
The gang has conducted a spate of extortion events, demanding cryptocurrency to unlock files.
Oil Struggles as Traders Swap Commodities for Growth Stocks
Oil struggled to find a bid after the Federal Reserve’s recent comments spurred traders to shun energy and pour money into interest-rate sensitive stocks.
Gas Stoves Are Back Under Scrutiny With New US Limits Proposed
Gas stoves are coming under fresh scrutiny as a second federal agency has now stepped into the political firestorm with a proposal for new regulations for the appliances.
FBI Seeks Information on ION Hack That Disrupted Derivatives
The Federal Bureau of Investigation is seeking information on the cyberattack on London-based ION Trading UK that’s snarled global derivatives trading, according to people with knowledge of the matter.
