Good news/bad news for NYC MTA: Congestion pricing is moving forward, but the tax cliff is also closer
New York’s Metropolitan Transportation Authority (MTA) is moving closer to implementing its Central Business District tolling program, also known as congestion pricing, but the progress comes as an updated financial plan shows that the transit system is a year closer to financial crisis than projected in February as it faces a deficit expected to grow to $2.5 billion within two years. “Identifying new dedicated revenue to fund public transit is imperative as we seek to address our fiscal cliff,” said MTA President and CEO Janno Lieber. “Transit is essential to New York’s economic future as we continue to recover from…
Read More »Installed building products to report Q2 2022 financial results
COLUMBUS, Ohio–(BUSINESS THREAD)–Installed Building Products, Inc. (the “Company”) (NYSE: IBP), a leading installer of insulation products, today announced that the Company will release its second quarter 2022 financial results on August 4, 2022. A The webcast and conference call will be held today at 10:00 am (Eastern Time) to review the company’s results. Webcast: The conference call will be available on the Investor Relations section of the Company’s website at www.installedbuildingproducts.com. To listen to a live webcast, go to the site at least 15 minutes before the scheduled start time to register, download and install any necessary audio software. To…
Read More »JPMorgan hires scientist Charles Lim to lead quantum computing unit
Dr. Charles Lim, Global Head of Quantum Communications and Cryptography, JP Morgan Chase Courtesy: JP Morgan Chase JPMorgan Chase has hired a Singapore-based quantum computing expert to be the bank’s global head of quantum communications and cryptography, according to a memo obtained by CNBC. Carlos Limassistant professor at the National University of Singapore, will focus on exploring next-generation computing technology in secure communications, according to the memo by Marco Pistoia, who heads the bank’s global technology applied research group. Lim is a “recognized world leader” in the area of quantum energy communications networksaccording to Pistoia. Hired from IBM in early…
Read More »Watch Treasury Secretary Janet Yellen speak live on the state of the US economy
[The stream is slated to start at 1:30 p.m. ET. Please refresh the page if you do not see a player above at that time.] Treasury Secretary Janet Yellen speaks at a press conference on the state of the US economy on Thursday. Yellen’s comments follow news that the US economy contracted for a second straight quarter from April to June, according to an advance estimate from the Bureau of Economic Analysis. Gross domestic product decreased by 0.9% at an annualized rate during this period. The economy contracted by 1.6% in the first quarter. Although many people interpret two consecutive…
Read More »That’s what advisers are telling their clients as recession fears grow
JGI/Jamie Grill | Images Tetra | Getty Images As the US economy contracts for the second quarter in a row, a definition of recession, many Americans are unprepared for an economic downturn. However, financial advisors say there are many things that are within your control. Fewer than half of Americans feel ‘financially secure enough’ for another recession, says a survey from the digital asset manager Personal Capital. Among respondents, the top fears included an inability to plan for the future, trouble paying bills or losing a job, found the report, which surveyed roughly 1,000 cross-generational Americans in May 2022. More…
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Go to knowledge: You can collect Social Security and work full-time and the best financial news for July 28
Obradovic/iStock.com There’s only one day between you and that FriYAY feeling! You’ve got it completely, but first let’s check out some of today’s biggest financial stories. The big plus: Can you collect Social Security at age 66 and still work full time? Whenever possible, it’s always better to wait until you reach full retirement age before collecting your Social Security retirement benefits because your monthly payment will be higher. However, just because you start collecting benefits, that doesn’t mean you have to stop working full-time. Bonus offer: Open a new Citi Priority account by 9/1/23 and earn up to $2,000…
Read More »Saber announces the retirement of its Chief Financial Officer, Doug Barnett
Barnett, a highly regarded financial executive and business partner, will step down August 22 The company hires a veteran of the sector Mike Randolfi as his successor SOUTH LAKE, Texas, July 28, 2022 /PRNewswire/ — Saber Corporation (NASDAQ: SABR), a leading software and technology company powering the global travel industry, today announced the retirement of its Chief Financial Officer. Doug Barnett. Barnett has been an integral part of Saber’s executive leadership team since 2018, when he joined the company as CFO. Barnett will be succeeded by Mike Randolfi who joins the company August 22. Barnett will remain with Saber until…
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China is eschewing the GDP growth focus to focus on jobs and prices
China’s rulers sidestepped the issue of GDP growth for the rest of the year in their latest statement of intent to say they would focus on “employment, prices and results”. State media, following a high-level meeting of the ruling Communist Party, said China should “stabilize employment and prices, keep economic operations within a reasonable range and strive to achieve the best possible results” for the second half of 2022. Xinhua News Agency was reporting on a meeting of the 25-member Politburo chaired by President Xi Jinping that had convened to assess the economy. Also in AF: IMF urges China to…
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