The MTA plans to raise fares and tolls by 5.5% next June to help address a major budget shortfall caused by declining ridership since the start of the pandemic, officials said Wednesday. The increase is greater than the 4% increases in fares and tolls the MTA implemented every two years from 2009 to 2019. The …
MTA plans 5.5% rate hike next year, needs $600 million more to make up shortfall Read More »
The new year is fast approaching and one idea for where to invest is the banking sector, whose margins benefit from high interest rates, at undemanding valuations. This statement may surprise those who think that the US banking industry has about $2.2 trillion in capital. But it reduces that figure in several ways. First, he …
Stock indices lost ground in the first half of Monday’s session as protests in China weighed on overall sentiment. Apple (AAPL) iPhone Pro production could be 6 million units lower due to civil unrest and Covid restrictions. X The Dow Jones Industrial Average and S&P 500 fell 0.8% at lunchtime while the Nasdaq composite lost …
