South Dakota considers ending state grocery tax

Bonds
South Dakota voters will determine the fate of Initiated Measure 28, which would eliminate the state sales tax on groceries. Illinois, Oklahoma, Kansas, Arkansas, Utah, Tennessee, Alabama and Virginia have eliminated or reduced this tax, according to the Urban Institute Tax Policy Center.  “Grocery taxes are regarded as a regressive form of taxes, and cutting
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Munis underperform USTs as supply weighs down

Bonds
Municipals were slightly firmer as inflows into muni mutual funds topped $1 billion for the second consecutive week. U.S. Treasuries rallied and equities ended mixed. Muni yields were bumped one to three basis points, depending on the scale, while UST yields fell seven to 13 basis points, pushing two-, three-, five- and 10-year UST yields
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Nvidia is a no-go for over half of this ultra-rich club’s members with assets worth $165 billion

Investing
In this article NVDA Follow your favorite stocksCREATE FREE ACCOUNT Sopa Images | Lightrocket | Getty Images More than half of Tiger 21’s members don’t invest in Nvidia, according to a recent asset allocation report released by this network of ultra-high-net-worth investors and entrepreneurs. The network’s second-quarter asset allocation report revealed that 57% of its
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August closes in black, first time since 2019

Bonds
Municipals were little changed to firmer in spots Tuesday as U.S. Treasury yields fell while equities sold off to start September. “With August now behind us, munis continued the summer rally with [the month] returning 0.79%, pushing year-to-date gains to 1.30%,” said Jason Wong, vice president of municipals at AmeriVet Securities. This marked the first
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States slow to take up IRA tax credits

Bonds
Just past the two-year anniversary of the Inflation Reduction Act, states have captured an average of 7% of the Biden administration’s signature climate legislation potential funding opportunities. That’s according to an Aug. 13 report from clean energy think tank RMI, which adds that the small number “makes sense” since use of the tax credits that
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Global stocks slide as investors fret over US slowdown

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JPMorgan economist says China’s housing market crash is still not over

Real Estate
China’s troubled housing market will continue to see softness as a slew of government stimulus and support measures have not been “satisfactory” in propping up the sector, according to a JPMorgan economist. The “housing market crash is still not over yet,” Haibin Zhu, chief China economist at JPMorgan told CNBC’s “Squawk Box Asia” Monday, adding
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Rupert Murdoch’s property group considers bid for UK’s Rightmove, sending shares 21% higher

Real Estate
Rupert Murdoch, chairman emeritus of media empire News Corp. Axelle/bauer-griffin | Filmmagic | Getty Images LONDON — Rupert Murdoch-owned REA Group said Monday it is contemplating a takeover offer for U.K. property portal Rightmove in a bid to create a global digital real estate business. The Australian property listings company, which is controlled by Murdoch’s
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Alternative for Germany wins its first regional election

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The ‘rent-first’ lifestyle is catching on. From cars to clothes and even caskets, here’s when it makes sense to buy vs. rent

Real Estate
Vm | E+ | Getty Images Owning isn’t always what it’s cracked up to be. For many reasons — including affordability — more Americans are choosing to rent everything from cars and apartments to clothing and furniture these days, according to a report by Intuit Credit Karma. Far beyond the traditional tuxedo, the rental industry
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