2020-09-25@12:46:19 GMT
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News about revenue:

            by Scott McClallen  Michigan leaders sealed a $62.8 billion fiscal 2021 budget agreement, increasing spending by billions from last year’s initial budget even after state revenue plummeted from COVID-19 and policies placed to curb its spread. Experts previously estimated Michigan’s revenue would drop by $6.3 billion over the next two fiscal...
    ELIZABETH, Colo. (CBS4)– Coloradans will soon decide the fate of 11 different statewide ballot measures and one of them will determine how much homeowners pay in property taxes. If Amendment B passes, property tax rates will be frozen. If the measure fails, homeowners are expected to see a decrease in property taxes next year. ...
    OAKLAND (CBS SF) — BART would have finished fiscal year 2020 facing a budget deficit of some $120 million were it not for federal funding help during the novel coronavirus pandemic, agency officials said Thursday. BART’s Board of Directors unanimously approved a resolution to amend the agency’s fiscal year 2020 budget to account for adjustments...
    The pandemic, and subsequent recession, has led to unprecedented levels of spending. And yet, as the country continues to pile up debt with seemingly little consequences, it’s led some to question whether consequences for overspending truly do exist. Unfortunately, the Congressional Budget Office’s (CBO’s) latest report reminds us they most certainly do. Perhaps the most...
    The two Botanico dispensaries in Denver have reopened after owner Ben Perrone agreed to a settlement with the state Department of Revenue that calls for Botanico paying the DOR nearly $200,000 for violating state retail marijuana codes. The stores, located at 3054 Larimer Street and 777 Canosa Court, were closed by the DOR's Marijuana Enforcement...
    Spencer Platt | Getty Images News | Getty Images Here are the stocks making headlines in midday trading: Nikola — Shares of the electric truck maker plunged more than 14% on increasing concerns about the company's growth. The uproar surrounding a severely critical short-seller report and the resignation of Nikola's founder makes the stock too...
    Mark S. Rosentraub University of Michigan (The Conversation is an independent and nonprofit source of news, analysis, and commentary from academic experts.) Mark S. Rosentraub, University of Michigan (THE CONVERSATION) Editor’s note: Despite concerns about COVID-19, Big Ten college football is set to begin Oct. 24. Here, Mark Rosentraub, a professor of sport management, addresses...
    A trio of big names has joined a nonprofit group aimed at changing Apple’s App Store practices. Spotify, Tinder parent Match Group and “Fortnite” developer Epic Games — who over the summer fired the first shot at Apple when it implemented a new payments system in its ultra-popular game which would allow it to...
    For Christine Anderson, the morning she learned her home in Ashland, Oregon was lost to Jackson County’s Almeda Fire was simply surreal. “It looked like a bomb had dropped,” Anderson said. “Everything was flat. It was ashes. I almost did not recognize it. There was just nothing there.” A resident of Ashland’s Bear...
    VIDEO0:4400:44Futures indicate flat open following Wednesday sell-offMorning Report Take a look at some of the biggest movers in the premarket: Accenture (ACN) – The consulting firm reported quarterly profit of $1.70 per share, falling 3 cents a share short of Wall Street forecasts. Revenue also came in slightly shy of estimates and the company gave a...
    Breonna Taylor protests, Justice Ruth Bader Ginsburg, This Is America: 5 things to know Thursday Americas most successful employee-owned companies Olive Garden parents quarterly revenue falls by 28% as pandemic weighs on sales Darden Restaurants' net sales fell by 28% during the quarter ended Aug. 30. The company's fine dining business is under...
    A customer carries a to-go bag outside a Darden Restaurants Inc. Olive Garden restaurant in Clarksville, Indiana, U.S., on Thursday, March 5, 2020.Luke Sharrett | Bloomberg | Getty Images Darden Restaurants on Thursday reported that its revenue fell by more than 28% in its fiscal first quarter as the company's business slowly recovers from the...
    Image copyright Getty Images Sports apparel company Nike has seen a huge increase in online sales, which is coming back from a corona virus drop. The U.S. company saw a digital sales rocket of 82% in the June-August quarter, offsetting a drop in revenue in its stores. On Tuesday, Nike recorded revenue...
    By SARA CLINE, Associated Press/Report for America SALEM, Ore. (AP) — Oregon economists presented a “shocking” and significantly improved revenue forecast Wednesday, which could leave the state's current budget nearly unscathed by the economic impacts of COVID-19. Despite the forecast, which is $2 billion more than predicted in May, officials say that the “economic pain...
    CNBC's Jim Cramer on Wednesday touted the product and potential of GoodRx, but advised investors to wait a little bit before taking out a significant position in the newly public stock.  The digital health company, which offers prescription drug coupons to customers, closed Wednesday's session at $50.50 per share for a gain of 53%. The...
    OLYMPIA, Wash. (AP) — Lawmakers in Washington state received some good financial news Wednesday, with updated numbers showing an increase in state revenues over the past few months, cutting an earlier projection of revenues losses by more than half. But officials warned there's still a good deal of economic uncertainty due to the coronavirus pandemic....
    Nike’s revenue has somewhat blown past expectations due to the popularity of its brands. Nike Nike Inc.’s stock rose 10.2% in Wednesday trading after becoming one of the few companies to provide guidance, predicting that it will raise full-year earnings from high single digits to low double digits. Stock performance provides...
    Shares of private equity-backed GoodRx Holdings surged 40 percent in their debut on the Nasdaq on Wednesday after the online prescription drug platform raised $1.14 billion in its initial public offering. The stock opened at $46, compared to the IPO price of $33 per share. At its opening price, the company is valued at...
    Shares of private equity-backed GoodRx Holdings surged 40 percent in their debut on the Nasdaq on Wednesday after the online prescription drug platform raised $1.14 billion in its initial public offering. The stock opened at $46, compared to the IPO price of $33 per share. At its opening price, the company is valued at nearly...
    American multinational sport clothing brand Nike store seen in Hong Kong.Budrul Chukrut | SOPA Images | Getty Images Nike is proving during the pandemic that its big bets in digital are paying off, as consumers are turning to its website and app in record numbers to shop for sneakers and workout apparel.  For the past few...
    Nike comfortably beat analysts’ estimates for quarterly revenue and profit on Tuesday, powered by a rebound in demand in China and strong online sales, sending its shares up about 9 percent. The footwear maker has benefited from its focus on direct-to-consumer sales, especially through its own outlets and apps, as the pandemic has forced...
    NEW YORK (AP) — Nike appears to have recovered from its pandemic slump, posting a solid quarterly profit driven by soaring online sales of its sneakers and workout apparel. The world's largest sports apparel maker on Tuesday reported a net profit of $1.5 billion profit, or 95 cents per share, in the three-month period ending...
    NEW YORK – Nike appears to have recovered from its pandemic slump, posting a solid quarterly profit driven by soaring online sales of its sneakers and workout apparel. The world's largest sports apparel maker on Tuesday reported a net profit of $1.5 billion profit, or 95 cents per share, in the three-month period ending Aug....
    CEO of Palantir Alex Karp leaves the Elysee Palace in Paris, on May 23, 2018 after the "Tech for Good" summit.Ludovic Marin | AFP | Getty Images Palantir said in a filing ahead of next week's public market listing that it expects to record growth this year of 42%, to close 2020 with $1.06 billion...
    By KEN RITTER and SAM METZ CARSON CITY, Nev. (AP) — Nevada Democrats promised Tuesday to appeal a state judge’s ruling in a lawsuit by Republicans on a question crucial to the beleaguered state budget: Whether lawmakers in 2019 improperly approved two funding measures without a constitutionally required two-thirds majority vote. “Senate and Assembly Democrats...
    Workers install a Nike logo lamp outside the Wukesong Arena in Beijing, August 28, 2019.Tingshu Wang | Reuters Check out the companies making headlines after the bell: Nike — Shares of the athletic retailer soared more than 9% in extended trading on Tuesday after reporting better-than-expected fiscal first quarter earnings. Nike reported earnings of 95 cents...
    NEW YORK, Sept. 22, 2020 /PRNewswire/ — As per the 2019 World Population Ageing report by the United Nations (UN), the number of people aged 65 and above on earth will increase from 703 million in 2019 to 1.5 billion in 2050. This is one of the major factors predicted to steadily drive the global...
    Colorado's marijuana industry is expected generate $1.5 billion in state tax revenue over the next several years, with nearly $500 million of that going to school funding and construction, according to a new forecast from the Governor’s Office of State Planning and Budgeting. From 2019 through 2023, marijuana sales and excise taxes should average something around...
    ANCHORAGE, Alaska (AP) — The municipal government of Alaska's largest city has projected a $17 million revenue shortfall for 2020 because of the economic impact of the coronavirus. The loss represents 3% of the general government operating budget for Anchorage, The Anchorage Daily News reported on Saturday. Lost tax revenue accounts for $14.4 million of...
    A leader of all humanity: Ruth Bader Ginsburg was a hero, icon, fighter for women and girls across the nation This is how Americas fast food has changed in every decade KB Home, Nike, Stitch Fix, Rite Aid and More Earnings Coming This Week 24/7 Wall St. has previewed some of the key companies...
    It’s a warm Friday afternoon at a Mountain View sports pub just a stone’s throw from several Google offices, and tables inside and out should be filled with people celebrating the end of the workweek. But the long barroom with seating for 80 is closed by coronavirus regulations, and on the outdoor patio — despite...
    President Trump lost an estimated $100million on two of his flagship hotel properties during his time in the Oval Office, according to a new report. Before Donald J. Trump took an oath of office during his 2017 presidential inauguration, the New York native was a well-known businessman who found footing in the expansive real estate...
    Pit crew change for Alex Bowman, Jimmie Johnson teams Rich Men Are Twice as Likely to Have This Deadly Condition, Study Finds Cramers week ahead: The market will go lower until the big IPOs ease up "All the great earnings in the world won't save this Humpty Dumpty market if we keep getting...
    The highly anticipated public offerings that have flooded Wall Street in recent days hobbled the stock market this week, CNBC's Jim Cramer said, after the major averages completed another negative week of trading. Multiple software companies — from Snowflake on Wednesday to Unity on Friday — made their debuts after shares priced above their original...
    Putnam falls $2.7 million through August Dutchess County through August has lost $11 million in sales tax, or 8.5 percent of its revenue in the same period last year, because of the COVID-19 shutdown, according to the most recent calculations by the New York State Association of Counties. In the same period, Putnam has seen...
    The Metro Board of Directors voted Friday on potential service cuts, schedule changes and layoffs as the organization attempts to balance its budget during the coronavirus pandemic. The concern focuses on a lack of federal funding as ridership has failed to bounce back to pre-pandemic levels. Metro estimates that money from the CARES Act will...
    Arsenal They have amassed about m 20 million with the sale of Emiliano Martinez Michael ArtetaTransfer requests. In terms of revenue, Gunners has elevated the first-team squad with two new permanent faces at Willian and Gabriel Magalhaes from LQ1 Ornamental Lill to 25 m. Meanwhile, Danny Cephalos is back on another seasonal loan deal. ...
    ALBANY — Sales tax revenue in New York’s cities and towns plunged by an average of 7.8 percent last month compared to figures from August 2019, according to a new report. New York City’s sales tax revenue declined by 7.1 percent, or $43.9 million, which was slightly below July’s 7.3 percent recorded losses, or...
    ALBANY — Sales tax revenue in New York’s cities and towns plunged by an average of 7.8 percent last month compared to figures from August 2019, according to a new report. New York City’s sales tax revenue declined by 7.1 percent, or $43.9 million, which was slightly below July’s 7.3 percent recorded losses, or $44.6...
    New Jersey Governor Phil Murphy and Democrat legislative leaders have agreed on a budget deal that will raise taxes on about 35,600 millionaires. The deal will push the tax rate to 10.75%, from 8.97%, for those with incomes above $1 million. It also includes a maximum $500 tax rebate for about 800,000 households, those with...
    The financial health of the states continues to decline, as tax revenues fell 7.5% from March to July, a new report shows.[ SEE: The Latest News on the Coronavirus Outbreak ]Overall, states collected 7.5% less tax revenue in the four months from March to July, despite seeing an 82.1% spike in July from payments that had been...
    Mortgage lenders are adding the refinancing fee. You can still avoid it if you act now. Kia Tells Us Its Seven-Year-Plan for Electric Vehicles Savvy Americans do this to earn an extra $1,394 per month in retirement Ad Microsoft ...
    ROANOKE, Va. (AP) — More than 9,000 electronic gaming machines are currently in circulation in Virginia, but state lawmakers have said the machines will be banned next year. The Roanoke Times reports that the Virginia Department of Taxation estimates the machines contributed about $12 million in tax payments in July. Most of that tax revenue...
    David Hookstead called it weeks ago, but his prediction is finally coming true.
    CASPER, Wyo. (AP) — Wyoming lawmakers are discussing whether to end a tax break on new wind energy projects. The Legislature's Joint Corporations, Elections and Political Subdivisions Committee plans to take up the proposal again in November after voting 6-5 Friday to draft a bill that would eliminate a three-year electricity tax moratorium for new...
    Virginia revenue projections for the fiscal year have remained stable since the state reforecast in light of the economic effect from the response to COVID-19, Secretary of Finance Aubrey Lane told the Senate Finance and Appropriations Committee on Tuesday. Revenue projections are about $2.5 billion below the initial projections that were calculated before the...
    Take that, Zuckerberg. Leonardo DiCaprio, Kim Kardashian, Sacha Baron Cohen, and dozens of different celebrities joined the Cease Hate For Revenue initiative and froze their Instagram and Fb accounts for 24 hours as a way to maintain Mark Zuckerberg’s tech firm accountable. “I really like that I can join straight with you thru Instagram...