July 3, 2025

Funds

Funds

Utah gets approval to ban soda purchases with SNAP funds

SALT LAKE CITY — U.S. Agriculture Secretary Brooke Rollins and Health & Human Services Secretary Robert F. Kennedy Jr. have approved Utah’s request to ban the purchase of soda pop with SNAP funds. The waivers, sought by the state of Utah after a bill was passed in the legislature, were granted late Tuesday. Effective 2026,

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Funds

Hong Kong funds plan to cut Treasuries if US loses AAA score: sources

[HONG KONG] Hong Kong’s pension fund managers have formed a preliminary plan to sell down their Treasury holdings within as soon as three months if the US loses its last recognised top credit rating, according to people familiar with the matter. Industry groups including the Hong Kong Investment Funds Association and the Hong Kong Trustees’

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Funds

KPG Funds’ Le Gallerie Office Building Reaches for a Condo Vibe – Commercial Observer

KPG Funds alleges it developed a new boutique office building known as Le Gallerie at 134 West 14th Street, but you’d have doubts after walking into the seven-story West Village property. Instead, you’d think you were actually inside a luxury condominium. After all, how many employees can say their office space comes with a residential-style

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Funds

Group lauds House panel’s call for charges vs. Sara Duterte over confi funds

The Alliance of Concerned Teachers (ACT) expressed support Wednesday for a House committee’s recommendation to file charges against Vice President Sara Duterte and other officials over the alleged misuse of confidential funds in the Office of the Vice President (OVP) and the Department of Education (DepEd). In a statement on Wednesday, ACT described the report

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Funds

Here’s what many investors miss

According to DSP Mutual Fund, within the FoF space, three types have stood out in terms of investor preference: Income plus Arbitrage FoF: This FoF invests in a mix of arbitrage and debt funds, keeping debt exposure below 65%. Thanks to this structure, it qualifies for equity-like taxation, where long-term capital gains after two years are taxed at just 12.5% (plus surcharge

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Funds

Trump’s actions in Los Angeles spur debate over deportation funds in his ‘big, beautiful’ bill

WASHINGTON (AP) — President Donald Trump’s “big, beautiful bill” in Congress includes more than tax breaks and spending cuts — it also seeks to pour billions of dollars into the administration’s mass deportation agenda. Republican leaders capitalized Tuesday on the demonstrations in Los Angeles, where people are protesting Trump’s immigration raids at Home Depot and

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Funds

City council passes heavily opposed bill that bans city funds for services to undocumented immigrants

JACKSONVILLE, Fla. – Community members packed Jacksonville City Hall Tuesday night to voice opposition to a proposed immigration policy that would require the disclosure of undocumented immigrants living in city-controlled public housing. The controversial legislation, which would prohibit city funds for services to people living in the country illegally, passed with an 11-7 vote. It

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Funds

Corporate bond funds lure most inflows in over 2 years – Money News

By Christina Titus Inflows into corporate bond funds in May were the highest in the past 26 months. Mutual funds under the corporate bond category witnessed a record inflow of Rs 11,983 crore, the most since the March 2023 figure of Rs 15,626 crore, Amfi data show. Year-to-date as on May 2025, these funds registered

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Funds

Navy budget aims to cut funds for shipbuilding by upward of $16 billion, top senator says

Sen. Roger Wicker, R-Miss., chairman of the Senate Armed Services Committee, speaks in March 2025 at a committee hearing. (Eric Kayne/Stars and Stripes) WASHINGTON — The Navy is proposing a $16 billion cut to shipbuilding in 2026 and does not intend to move forward with plans to purchase at least six new warships, the top

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Funds

La Jolla teen turns to neighborhood jobs for college funds – San Diego Union-Tribune

Milo Zaharias graduated from La Jolla High School on May 29. But mere hours before he received his diploma and turned his tassel, he was hard at work on a car detailing assignment in Bird Rock. He worked a little faster and checked the time more often than usual (while not sacrificing the quality of

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