Market Moves
Pension Demands Put Local Governments in a Jam, Moody’s Says
With virus-driven costs mounting, cities’ and towns’ financial outlook shifts to negative from neutral, agency rules.
Tag: taxes
Newsmakers
More Federal Spending Means Higher Taxes, Says Leon Cooperman
Tax breaks like those on capital gains will end, hedge fund hotshot predicts, if either Trump or Biden wins.
IRS Issues Endowment Tax Regulations
Higher education foundations finally get guidance on 2017 excise tax.
Private Investors to the Rescue for Ailing Infrastructure? Not So Fast
Government sources can’t do the job alone. But non-public funding may find a rocky road.
Apollo Is Converting to C Corp Structure
By moving from a partnership setup, the PE firm expects its stock will be bought by indexes and mutual funds.