N.J.’s Revenue Surprise Deepens Divide Over Millionaire’s Tax

In this article New Jersey’s budget discord deepened as a key blocker of Governor Phil Murphy’s proposed millionaire’s tax also disagreed with his fellow Democrat’s plans for a record April revenue surge. The administration on Tuesday boosted current-year revenue forecasts by $377 million after April income-tax collections surpassed a 2008 record. Murphy, a retired Goldman Sachs Group Inc. senior director, […]

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Power Demand Jumps From Illinois to New Jersey Amid Bitter Cold

Demand on the largest U.S. electric grid surged to the highest in more than a year Tuesday as frigid weather pushed furnaces and radiators into overdrive. Load on PJM Interconnection LLC’s grid that stretches from New Jersey to Illinois hit 131,000 megawatts at 8 a.m. Eastern Time, the most since January 2018, according to Genscape data. Power prices jumped to […]

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Poll Shows Democrat With Relatively Narrow Lead In New Jersey Senate Race

Senator Bob Menendez, D-N.J., leads Republican challenger Bob Hugin in the New Jersey Senate race in a new Fairleigh Dickinson University poll, although the advantage for the incumbent is relatively narrow given the Democratic tilt of the Garden State. The poll showed Menendez with a 37 percent to 32 percent lead over Hugin among registered voters and a slightly wider […]

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What Are the Top U.S. Imports?

At the end of quarter 2018, the United States’ trade deficit increased to its highest level since 2008. This was due to a steady rise in imports that was in turn fueled by strong domestic demand. According to the Bureau of Economic Analysis, U.S. trade deficit reached $46.3 billion in June, up $3.2 billion from $43.2 billion in May. That same quarter, […]

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Trump Asks US SEC to Mull Half-Year Corporate Filings vs Quarterly

U.S. President Donald Trump said on Friday he has asked the U.S. Securities and Exchange Commission to study the impact of allowing companies to file reports with the financial regulator every six months instead of every quarter. “That would allow greater flexibility & save money,” he said in a post on Twitter on Friday. Publicly traded companies in the United […]

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The CEOs Trump Plans to Meet With to Shape His Economic Message

President Donald Trump will meet Tuesday with leaders from more than a dozen major companies, including Fiat Chrysler Automobiles NV’s new chief executive Mike Manley and PepsiCo Inc.’s departing chief Indra Nooyi, as he shapes his economic message heading into midterm elections. The executives are traveling to Trump’s golf resort in Bedminster, New Jersey, where he’s in the middle of […]

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