Treasury

Bloom Energy to Receive up to $75 million in Federal Tax Credits for Fremont Manufacturing Plant

Retrieved on: 
Monday, April 8, 2024
Environment, Technology, Environmental Policy, Other Energy, Utilities, Alternative Energy, Green Technology, Energy, Batteries, White, Bloom, Bloom Energy, Heart, Treasury, Internal Revenue Service, Government, Average revenue per user, Federation, Renewable energy

Bloom Energy Inc. (NYSE:BE), a leading provider of clean energy solutions, was recently awarded up to $75 million in tax credits by the Department of Energy, Department of Treasury, and the Internal Revenue Service under the Qualifying Advanced Energy Project 48C initiative.

Key Points: 
  • Bloom Energy Inc. (NYSE:BE), a leading provider of clean energy solutions, was recently awarded up to $75 million in tax credits by the Department of Energy, Department of Treasury, and the Internal Revenue Service under the Qualifying Advanced Energy Project 48C initiative.
  • Bloom was selected for this award for its commitment to expand domestic manufacturing and fuel cell and electrolyzer production capacity at its multi-gigawatt Fremont, California manufacturing plant.
  • At the heart of Bloom Energy’s recently opened Fremont facility is the ability to manufacture high-efficiency fuel cell stacks, which serve as the foundational technology for the company’s Energy Server® platform and Bloom Electrolyzer™.
  • The funding is part of the $4 billion in tax credits recently announced by the White House under the Qualifying Advanced Energy Project Tax Credit to accelerate domestic clean energy manufacturing and reduce greenhouse gas emissions at industrial facilities.

Schwab Trading Activity Index™: Score Ascends to Moderate Levels in March

Retrieved on: 
Monday, April 8, 2024
Professional Services, Business, Finance, Fintech, Asset Management, Banking, Consumer, Education, CPI, VIX, Labour, Federal Reserve, Name, STAX, S&P, Activity, Current Population Survey, Fed, PPI, Producer, Multimedia, Treasury, Consumer confidence, CBOE, Financial adviser

The Schwab Trading Activity Index™ (STAX) increased to 51.65 in March, up from its score of 47.65 in February.

Key Points: 
  • The Schwab Trading Activity Index™ (STAX) increased to 51.65 in March, up from its score of 47.65 in February.
  • View the full release here: https://www.businesswire.com/news/home/20240408112995/en/
    Schwab Trading Activity Index March 2024 (Graphic: Charles Schwab)
    The reading for the four-week period ending March 28, 2024 ranks “moderate” compared to historic averages and marks the highest reading since May 2022.
  • “In the face of undeniably mixed macroeconomic data, the markets soared this month, and the STAX score continued its rise in step,” said Joe Mazzola, Director of Trading and Education at Charles Schwab.
  • “Despite the market highs, however, Schwab clients remain in the moderate range of market exposure as measured by the STAX.

NYCRC-MANAGED ENTITY PROVIDES FUNDING FOR CONSTRUCTION OF 8TH CHARTER SCHOOL IN NEW YORK CITY

Retrieved on: 
Tuesday, April 9, 2024
Student, Treasury, Congress, Community development, NYCR, Investment

NEW YORK, April 9, 2024 /PRNewswire/ -- The New York City Regional Center is pleased to announce the closing of $11 million in New Market Tax Credit financing to assist the construction of a new 51,000 square foot charter school in Brooklyn. This is the eighth charter school that has utilized New Market Tax Credit funding from a New York City Regional Center-managed entity. The new school will be home to approximately 480 students in grades 5th through 8th in the East New York section of Brooklyn. The school will be run by Ascend Charter Schools, the largest Brooklyn-based public charter school network. 

Key Points: 
  • NEW YORK, April 9, 2024 /PRNewswire/ -- The New York City Regional Center is pleased to announce the closing of $11 million in New Market Tax Credit financing to assist the construction of a new 51,000 square foot charter school in Brooklyn.
  • This is the eighth charter school that has utilized New Market Tax Credit funding from a New York City Regional Center-managed entity.
  • The new school will be home to approximately 480 students in grades 5th through 8th in the East New York section of Brooklyn.
  • The school will be run by Ascend Charter Schools, the largest Brooklyn-based public charter school network.

Busey Bank Partners with CorServ to Implement a Modern Credit Card Program for Commercial Customers

Retrieved on: 
Monday, April 8, 2024
Interchange, Treasury, Level 2, Busey Bank, Treasury management, EVP, Bank

ATLANTA, April 8, 2024 /PRNewswire-PRWeb/ -- CorServ, a company that empowers banks and fintechs with payment programs, has partnered with Busey Bank ($12.5 billion in assets) to launch a modern credit card program for their commercial customers.

Key Points: 
  • ATLANTA, April 8, 2024 /PRNewswire-PRWeb/ -- CorServ , a company that empowers banks and fintechs with payment programs, has partnered with Busey Bank ($12.5 billion in assets) to launch a modern credit card program for their commercial customers.
  • "CorServ's commercial card program provides us with tools for credit decisioning, options for local servicing, and custom rebates which empower Busey Bank to better serve our commercial customers compared to what National card issuers can offer."
  • Aiming to add a comprehensive credit card solution to their suite of commercial banking services, Busey Bank transitioned out of an Agent Bank program to CorServ's Account Issuer Program.
  • With more control over credit decisions for their customers, Busey Bank will leverage CorServ's innovative solution to offer its commercial and business customers a comprehensive credit card program.

ARIS MINING ANNOUNCES APPOINTMENT OF RICHARD ORAZIETTI AS CFO AND OLIVER DACHSEL AS SVP, CAPITAL MARKETS

Retrieved on: 
Monday, April 8, 2024
Growth, Gold, Metal, Controller, Senior, Jefferies, Capital market, TSX, Goldcorp, Treasury, ARIS, Cryptocurrency

VANCOUVER, BC, April 8, 2024 /PRNewswire/ - Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE-A: ARMN) announces the appointment of Richard Orazietti as Chief Financial Officer, effective May 16, 2024, and Oliver Dachsel as Senior Vice President, Capital Markets.

Key Points: 
  • VANCOUVER, BC, April 8, 2024 /PRNewswire/ - Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE-A: ARMN) announces the appointment of Richard Orazietti as Chief Financial Officer, effective May 16, 2024, and Oliver Dachsel as Senior Vice President, Capital Markets.
  • Neil Woodyer, CEO of Aris Mining, commented "I am delighted to introduce Oliver and Richard as valuable additions to Aris Mining's management team.
  • Richard brings experience in corporate development, financial planning and reporting within the gold mining sector, having been the Senior Vice President, Treasury and Controller of Goldcorp.
  • Oliver has deep industry connections and corporate finance expertise, having most recently served as a Managing Director on Jefferies' metals & mining investment banking team in New York.

SUNRATE Brings Apple Pay to its Commercial Credit Card Customers

Retrieved on: 
Monday, April 8, 2024
IPad, Mac, PCI, Apple Watch, PCI DSS, Privacy, Touch ID, Apple, Apple Pay, Treasury, Level 1, IPhone, Near-field communication

HONG KONG, April 7, 2024 /PRNewswire/ -- SUNRATE, an intelligent global payment and treasury management platform, today brings its customers Apple Pay, a safer, more secure and private way to pay, and uses the power of iPhone to protect every transaction.

Key Points: 
  • When customers use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers.
  • Once a customer adds a card to iPhone, Apple Watch, iPad, and Mac, they can start using Apple Pay on that device right away.
  • SUNRATE commercial cards allow customers to settle card spends in more than 15 currencies, as well as customize key parameters such as card limits and expiration dates.
  • For more information on Apple Pay, visit: http://www.apple.com/apple-pay/
    For more information on SUNRATE, please visit https://www.sunrate.com/

SUNRATE Brings Apple Pay to its Commercial Credit Card Customers

Retrieved on: 
Monday, April 8, 2024
IPad, Mac, PCI, Apple Watch, PCI DSS, Privacy, Touch ID, Apple, Apple Pay, Treasury, Level 1, IPhone, Near-field communication

HONG KONG, April 8, 2024 /PRNewswire/ -- SUNRATE, an intelligent global payment and treasury management platform, today brings its customers Apple Pay, a safer, more secure and private way to pay, and uses the power of iPhone to protect every transaction.

Key Points: 
  • When customers use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers.
  • Once a customer adds a card to iPhone, Apple Watch, iPad, and Mac, they can start using Apple Pay on that device right away.
  • SUNRATE commercial cards allow customers to settle card spends in more than 15 currencies, as well as customize key parameters such as card limits and expiration dates.
  • For more information on Apple Pay, visit: http://www.apple.com/apple-pay/
    For more information on SUNRATE, please visit https://www.sunrate.com/

Gate.io Participated In The 2024 Hong Kong Web3 Festival Along With Other Industry Leaders

Retrieved on: 
Saturday, April 6, 2024
Organization, Growth, HK, Gate, Financial services, Binance, OKX, GBS, Ecosystem, Convention center, Treasury

PANAMA CITY, April 6, 2024 /PRNewswire/ -- From April 6th to April 9th, Gate.io actively participated in the 2024 Hong Kong Web3 Festival held at Hall3FG of the Hong Kong Convention and Exhibition Centre.

Key Points: 
  • PANAMA CITY, April 6, 2024 /PRNewswire/ -- From April 6th to April 9th, Gate.io actively participated in the 2024 Hong Kong Web3 Festival held at Hall3FG of the Hong Kong Convention and Exhibition Centre.
  • The first day of the 2024 Hong Kong Web3 Festival welcomed thousands of Web3 enthusiasts and thought leaders from around the world.
  • Gate.io 's booth at the festival was a resounding success, showcasing its leading Web3 ecosystem and highlighting advancements in security and compliance.
  • Gate.io 's active involvement in the Hong Kong Web3 Festival underscores its commitment to engaging with industry leaders and nurturing the growth of Web3.

U.S. Securities and Exchange Commission Establishes Momentus Stable Road Fair Fund

Retrieved on: 
Friday, April 5, 2024
Order, Failure, MAY, ALL, Summons, NOTE, Disclosure, READ, Fund, Treasury, Roger-Pol Droit, Form, Risk, THIS, YOU, Red Hot Organization, FAIR, Administration, Documentation, Plan, Fair Fund, Acquisition, Security (finance), Commission, PIPE, Sarbanes, NOT, Defense, ALSO, FUND, DEADLINE, Government, Cryptocurrency

The purpose of this Plan Notice is to inform you that you may be eligible to share in the proceeds of the Momentus Stable Road Fair Fund described herein.

Key Points: 
  • The purpose of this Plan Notice is to inform you that you may be eligible to share in the proceeds of the Momentus Stable Road Fair Fund described herein.
  • To be potentially eligible to share in the Momentus Stable Road Fair Fund, you must file a Claim Form in accordance with the steps set forth in this Plan Notice and in the Plan of Distribution (the "Plan") approved by the Securities and Exchange Commission ("SEC" or "Commission").
  • To qualify for a payment from the Momentus Stable Road Fair Fund, you must satisfy certain eligibility criteria that are described in detail in the Plan.
  • Additional Claim Forms and Plan Notices may also be downloaded at the Momentus Stable Road Fair Fund's website.

How about this time we try, just try, to report on budgets and tax differently?

Retrieved on: 
Tuesday, April 9, 2024
Opposition, Printing, Natural Resources, Consultant, Thought, Henry Tax Review, Treasury, Government, GST, Parent, Heart, Assistant, Auction

Among last year’s winners were said to be single parents, renters and first home buyers.

Key Points: 
  • Among last year’s winners were said to be single parents, renters and first home buyers.
  • It’s also how we talk about tax: winners and losers.
  • It’s part of a way of thinking and reporting that makes changes that could actually help us all but impossible.

Confessions of a gun for hire

  • What would matter would be the immediate “overnight” estimates of who would win and who would lose.
  • So, presumably with a heavy heart, Henry developed a computer model that spat out nothing more than immediate winners and losers and ignored what the changes would do to Australia over the longer term.

Winners and losers are (almost) beside the point

  • Henry says looking back it is easy to understand “why we did what we did”.
  • He says Hewson’s package was a genuine attempt to break out of the winners and losers mindset and argue for changes on the basis they would benefit society.

‘A conspiracy against future Australians’

  • They tell us the thing that matters most, making Australia work better, can’t really be spoken about.
  • Here’s what Henry says really matters, and what he says he tried to address in his 2009 tax review.
  • The things we ought to avoid taxing are income from work, the normal rates of return for businesses, and transactions.

What’s winning matters as much as who’s winning

  • I’ll still report on winners and losers next month, but I’ll also aim to go deeper – to report on what’s winning as well as who.
  • Read more:
    Former treasury head Ken Henry says we need 'big bang' tax reform rather than incremental change


Peter Martin is Economics Editor of The Conversation.