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Texas ended fiscal 2023 with a hefty cash balance of $48.4 billion in its general revenue fund due largely to higher, but slowing tax collections, the state comptroller reported Monday.  The annual cash report for the fiscal year that ended Aug. 31 said the balance rose $14.6 billion or 43.4% from fiscal 2022. After transfers
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Missouri has asked a federal court to toss a lawsuit filed by the Securities Industry and Financial Markets Association over the state’s first-of-its-kind anti-environmental, social and governance investing rules, arguing that the securities association lacks standing to bring the lawsuit. The dispute stems from Missouri’s four-month-old investment rules that require advisors and broker-dealers to disclose
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With a huge airport bond deal potentially on the horizon, Houston Controller Chris Brown is concerned about bringing the debt to the market in the wake of a crackdown by Texas Attorney General Ken Paxton on compliance with state laws prohibiting governmental contracts with companies, including investment banks, that “boycott”  or “discriminate” against the  fossil
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Donald Trump downplayed the importance of the financial statements at the centre of a civil fraud lawsuit as he testified about his finances and business empire in an extraordinary legal and political spectacle. “They were
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The cryptocurrency community is excited about the Hong Kong government reportedly weighing the launch of a spot cryptocurrency exchange-traded fund (ETF) amid the ongoing regulatory pushback against such products in the United States. Hong Kong’s potential entrance into spot crypto ETFs could be a significant development in the context of the economic confrontation between the
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Bitcoin (BTC) sought to pressure $35,000 on Nov. 4 as weekend markets continued to consolidate higher. BTC/USD 1-hour chart. Source: TradingView “Significant” event sets up BTC price upside Data from Cointelegraph Markets Pro and TradingView showed BTC price support holding after the end of Wall Street trading. The largest cryptocurrency saw a revisit of intraday
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States would suffer deep cuts in water infrastructure funding they receive through state revolving funds, which make up a significant corner of the municipal bond market, under a bill passed Friday by the U.S. House of Representatives. The fiscal 2024 Department of the Interior, Environment, and Related Agencies appropriations measure, House Bill 4821, totals $37.4
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In the past three months, Qantas has been found guilty of illegally sacking 1,700 workers, been accused of offering “ghost flights” to its customers, and lost 20 per cent of its stock market value. So
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