American Airlines is currently engaged in notable discussions with Citigroup to make them the exclusive issuer of its credit cards, a move that would sever its long-standing relationship with Barclays. This partnership originated after American Airlines absorbed US Airways in 2013, thereby taking on additional complexities in its credit card arrangements. As negotiations advance, the
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In a striking declaration via his Truth Social platform, former President Donald Trump has put his weight behind the notion of lifting the cap on the State and Local Tax (SALT) deduction. This announcement has gained traction among municipal bond issuers, particularly in light of the cap’s adverse effects on their funding landscape. Trump vowed
On November 5, 2023, Utah voters will confront a significant change proposed through Amendment A, a constitutional amendment that aims to offer increased fiscal flexibility by reallocating tax revenues traditionally earmarked for K-12 public education. Currently, income, corporate franchise, and intangible property tax revenues are mandated by the state constitution to serve educational funding. The
Financial independence often eludes many, as its definition varies widely among individuals. At its core, it embodies the state where one has accumulated sufficient wealth to no longer depend on traditional employment to sustain their lifestyle. Nonetheless, this journey toward total financial autonomy can appear overwhelming, particularly for those starting from scratch. Yet, there exists
In a decisive move, the United Auto Workers (UAW) union has filed federal unfair labor practice charges against Stellantis, one of the automotive giants, over alleged breaches of contract terms and attempts to relocate production of the Dodge Durango outside of the United States. This action reflects a growing tension between the union and the
As the calendar inches closer to critical tax debates set to unfold in 2024, the Senate Finance Committee recently ignited discussions that will shape the fiscal landscape for years to come. The meeting, which took place on Thursday, revealed stark contrasts between Democratic strategies aimed at curbing tax avoidance for the wealthiest Americans and Republican
In a landscape increasingly dominated by digital content, the recent two-week blackout of Disney’s networks, including ESPN, on DirecTV, serves as a vivid reminder of the fragile relationships that underpin modern entertainment distribution. Starting on September 1, this blackout left over 11 million DirecTV customers without access to popular live sports, including significant events like
The Financial Data Transparency Act (FDTA), enacted in December 2022, is a significant legislative effort aimed at modernizing the landscape of municipal securities disclosures. Its main objective is to transition existing disclosure formats into a machine-readable structure, thereby streamlining access to vital financial data. However, since its inception, the act has faced substantial pushback from
In a significant upheaval within the automotive industry, Stellantis, a major player formed by the merger of Fiat Chrysler and France’s PSA Group, is grappling with substantial external and internal pressures. Recent public criticisms from its dealer network and the United Auto Workers (UAW) have drawn attention to the company’s dwindling sales and increasingly aggressive
The aftermath of a heated U.S. presidential debate has led to a retreat in the dollar, causing most Asian currencies to strengthen. This shift in the currency market has sparked interest in upcoming inflation data expected to be released later in the day. The Japanese yen, in particular, has experienced a surge in safe haven