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NYC charter school raises teacher starting salary in fall

By Marianna McMurdock, The 74 A New York City charter school’s starting pay for teachers will be $140,000 in the fall, more than double the national average. The salary boost for The Equity Project’s 90 teachers was announced as legislative attempts to establish a national $60,000 floor continue. In New York City, the district’s starting pay ranges from about $57-87,500. Compared to wealthy suburban New York districts where six figure salaries are more common TEP’s salary nearly doubles starting pay for teachers with master’s degrees. It rivals one of the highest in ...

UAE high court to repay $1.7 billion bilked in tax fraud

Dividend Notice Scott E. Fritz, President and CEO announced that on May 9, 2023, the Board of Directors of the First Community Financial Corporation, the parent company of Pennian Bank, declared a quarterly regular cash dividend of $0.16 per share. The cash dividends will be paid on June 23, 2023 to shareholders of record on June 16, 2023.

Ag Department announces billions for renewable energy

The Associated Press The U.S. Department of Agriculture announced a nearly $11 billion investment on Tuesday to help bring affordable clean energy to rural communities throughout the country. Rural electric cooperatives, renewable energy companies and electric utilities will be able to apply for funding through two programs, U.S. Department of Agriculture Secretary Tom Vilsack said during a media briefing on Monday. Vilsack said it was the largest single federal investment in rural electrification since President Franklin D. Roosevelt signed the Rural Electrification Act in 1936 as ...

Wall Street weakens as energy stocks, Home Depot weigh

NEW YORK (AP) — Stocks on Wall Street sank Tuesday after Home Depot warned of flagging sales, the latest discouraging signal for an economy under pressure. The S&P 500 fell 26.38 points, or 0.6%, to 4,109.90. The Dow Jones Industrial Average dropped 336.46, or 1%, to 33,012.14, and the Nasdaq composite slipped 22.16, or 0.2%, to 12,343.05. Energy producers were some of the heaviest weights on the market as Exxon Mobil dropped 2.4% and Chevron fell 2.3%. Home Depot also fell 2.2% after saying its revenue weakened by more in the latest quarter than expected. It described ...

Home Depot annual sales decline as housing streak ebbs, rates jump

The Associated Press After years of explosive growth during the pandemic, Home Depot’s revenue during the first quarter fell short of expectations and the company cut its profit and sales outlook for the year, sending shares lower at the opening bell. Home Depot on Tuesday projected its first decline in annual revenue since 2009 in the aftermath of the bursting of the housing bubble and financial crisis. It was a rough start to a busy week of retail earnings and the numbers from the nation’s biggest home improvement chain dragged down retails stocks as well as the Dow. Shares in ...

Crypto rules get approval to make Europe a global leader on regulation

LONDON (AP) — The European Union’s sweeping set of beefed-up cryptocurrency rules got final approval from member states Tuesday, giving the 27-nation bloc a global lead in regulating the freewheeling sector. The European Council adopted the package of rules — known as Markets in Crypto Assets, or MiCA — in the final step of the bloc’s legislative process. European Parliament lawmakers endorsed the rules in April, and they’re expected to start taking effect in phases starting in July 2024. The tighter European scrutiny follows a spate of high profile crypto scandals ...