But the auto industry is warning that the vast majority of EV purchases won’t qualify for a tax credit that large. That’s mainly because of the bill’s requirement that, to qualify for the credit, an e...
Category: Finance
Live Finance News Updates.
Top 10 DeFi Tokens to Watch in August 2022
Decentralized finance systems have allowed users to borrow, save, lend, or trade cryptocurrency without the need for the usual paperwork and red tape present in traditional financial markets. In addit...
Chipotle would rather be loved by customers than feared by competitors
People visit a Chipotle restaurant on February 09, 2022 in Miami, Florida. Joe Raedle | Getty Images Chipotle Mexican Grill has evolved into one of the most popular restaurant chains in the U.S., some...
Inflation Eased Last Month More Than Expected
AFP via Getty Images Key takeaways Investors spent Monday and Tuesday gearing up for the inflation report this week, released early Wednesday Analysts and economist inflation expectations showed July’...
Microsoft makes further cuts focused on consumer R&D group
After pulling open roles across its Office and Windows divisions and letting go of a portion of its 180,000-person workforce in July, Microsoft made additional cuts this week. This layoff round was co...
ChainLink price analysis: LINK spikes to $9.2 after strong bullish trend
ChainLink price analysis for August 10, 2022, reveals the market following a complete bullish movement, obtaining significant positive momentum, signifying a gain of positivity for the LINK market. Th...
Here’s how Publishing Industry Is Leveraging Web3 and NFTs to Increase Engagement
Web3 today is the most sought after industry. Be it individual investors or big firms, everyone wants to adopt the emerging tech in some way or other. Now, the centuries old publishing industry has to...
Paris Hilton And 11:11 Media Have Partnered With The Sandbox
Paris Hilton and 11:11 Media have partnered with The Sandbox to expand its presence in the upcoming Web3 ecosystem. The partnership aims to offer amazing experiences to the community by giving them a ...
Nikola CEO Mark Russell to retire at the end of the year
Mark Russell, chief executive officer of Nikola Corp., left, during a media briefing at the unveiling of the Iveco-Nikola electric truck plant in Ulm, Germany, on Wednesday, Sept. 15, 2021. Andreas Gr...
Nikola Shares Jump On News Of CEO Mark Russell’s Retirement
Topline Nikola CEO Mark Russell will retire at the end of the year, the floundering electric and Hydrogen fuel cell vehicle maker announced Wednesday morning, sending its stock surging in pre-market t...
Elon Musk Dumps $6.88 Billion In Tesla Stock
POOL/AFP via Getty Images Key Takeaways Elon Musk has sold almost $7 billion worth of Tesla stock in recent days, despite announcing in April he had no further sales planned. It brings the total liqui...
SPAC market hits a wall in 2022 as no firms receive issuance in July
Special Purpose Acquisition Companies (SPACs) are on the ropes in 2022 as inflation and regulatory scrutiny is hitting these once market darlings from all sides. Notably, not a single SPAC was issued...
‘last thing Tesla investors wanted’
Twitter Inc (NYSE: TWTR) is up 4.0% on Wednesday after Elon Musk said he sold another 7.92 million shares of Tesla Inc (NASDAQ: TSLA). Why did Musk sell Tesla shares? According to the SEC filing, that...
UNI/USD rises to $9.22 after a massive bullish run
Recent Uniswap price analysis shows that the UNI/USD pair has been on a strong uptrend, rising from $8.16 to $9.22. This bullish run has been fueled by increased buying pressure and positive sentiment...
Inflation Reduction Act extends $7,500 tax credit for electric cars
David Madison | Photodisc | Getty Images A federal tax break that’s available to car buyers for going electric may work differently starting next year. Under the Inflation Reduction Act — which ...
Beijing Updates Taiwan Policy Rescinding Earlier Promise To Not Send Troops To Island
Topline The Chinese government has updated its official policy on Taiwan to remove an earlier commitment to allow the island to operate autonomously with its own government and systems in the event Ch...
Alibaba’s Softbank Overhang Clarified As Foreigners Fret
Key News Asian equities were a sea of red on light volumes as South Asia held up slightly better than North Asia following the US equities meltdown yesterday. After the Hong Kong close, Alibaba and So...
I’ve analyzed the profit margins of 30,000 gas stations. Here’s the proof fuel retailers are not to blame for high gas prices
The last few months have been an economic whirlwind, with record-high inflation and soaring prices at the gas pump. When fuel prices hit record highs earlier this summer, Biden and Bezos publicly argu...
Another Class Action Lawsuit Ready to Takedown Coinbase
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Litecoin Reflects Retracement; Will LTC Record a Breakout Soon?
Litecoin is a faster, more efficient, and lower gas fees costing blockchain that empowers users with seamless peer-to-peer transactions. The only reason LTC has failed to repeat the success of Bitcoin...
Boeing delivers first 787 Dreamliner since 2021 after manufacturing flaws
An employee works on the tail of a Boeing Co. Dreamliner 787 plane on the production line at the company’s final assembly facility in North Charleston, South Carolina. Travis Dove | Bloomberg | ...
Electric Vehicles Or Hydrogen Fuel Cell Cars? The Inflation Reduction Act Will Fuel Both
WASHINGTON, DC – APRIL 22: Electric vehicles are displayed before a news conference with White House … [+] Climate Adviser Gina McCarthy and U.S. Secretary of Transportation Pete Buttigieg...
How We’ll “Steal” A 7% Monthly Dividend From Amazon
Chiang Mai, Thailand – April 26, 2016: man hand holding screen shot of Amazon application showing on … [+] Asus Zenfone 2 mobile phone. Amazon is an American international electronic comme...
Half of Gen Z see no point in saving until things get back to “normal” — here’s what they’re doing with their money instead
Half of Gen Z see no point in saving until things get back to For 18-year-old Anousha Ahmed, based in Virginia, earning income at her first job meant having more freedom. “My focus wasn’t really...
Dogecoin Falls Short of 100 EMA; DOGE Continues Consolidation
The first thing that started exciting investors with volatility and higher price action, Dogecoin, was a king of these things in 2021. With a 160x movement in the first four months of 2021, expectatio...
AI Ethics Mulling Over The Merits Of Legally Mandating Atonement Funds To Ensure Accountability For AI Acting Badly
AI Ethics is reviewing whether AI compensatory funds ought to be established for coping with human … [+] harms due to AI. getty Who’s to blame? That might seem like a straightforward question, t...
Dow Jumps 400 Points After Consumer Prices Cool Slightly In July—Has Inflation Peaked?
Topline The stock market surged higher on Wednesday after a better-than-expected inflation report for July, boosting investor sentiment as consumer prices fell for the first time in months, adding to ...
‘Powell is doing a really good job’
U.S. equities are up roughly 2.0% on Wednesday after the U.S. Bureau of Labour Statistics said consumer prices were up 8.50% (year-over-year) in July. Jim Cramer reacts to inflation data on CNBC In co...
The Democrats’ lousy tax hikes
President Biden took office in 2021 with an aggressive agenda of new programs he hoped to enact, along with a slew of tax increases to pay for them and make the tax system “fairer.” Biden has only got...