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Senate deal should make it easier to buy electric vehicles

12 days ago   |   By Stl Today

The surprise deal by Senate Democrats on a pared-down bill to support families, boost infrastructure and fight climate change is likely to jump-start sales of electric vehicles. The measure agreed to by Majority Leader Chuck Schumer and holdout Sen. Joe...
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Senate deal should make it easier to buy electric vehicles

Senate deal should make it easier to buy electric vehicles

12 days ago   |   By Chron

DETROIT - The surprise deal by Senate Democrats on a slimmed-down bill to support families, boost infrastructure and fight climate change also is likely to jump-start sales of electric vehicles.
The measure agreed to by Senate Majority Leader Chuck Schumer and holdout Sen. Joe Manchin of West Virginia would give EV buyers a $7,500 tax credit starting next year, through the end of 2032. There's also a new $4,000 credit for those buying used EVs, a move to help the middle class go electric.
But as things often go in Washington, there are a bunch of strings and asterisks.
To be eligible, the...
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Basement talk, virtual handshake led to Manchin-Schumer deal

12 days ago   |   By Chron

WASHINGTON - Senate Majority Leader Chuck Schumer and Democratic Sen. Joe Manchin secreted themselves in a basement room at the Capitol.
The two men had been wrestling for more than a year in long, failed rounds of start-and-stop negotiations over President Joe Biden's big rebuilding America package. But talks had jammed up - again. With the midterm elections near, control of Congress at stake, the president and his party were at the end of the line.
Just four days earlier, Manchin had issued his latest ultimatum: Either scale back the ambitious proposal by dropping the climate change...
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Sen. Susan Collins warns that Democrats' surprise climate deal could endanger bipartisan support for same-sex marriage bill

12 days ago   |   By Business Insider

Susan Collins Greg Nash-Pool/Getty Images
Sen. Susan Collins thinks Democrats' politicking could cost them votes on a same-sex marriage bill.
The Republican told HuffPost that Democrats' climate deal could tank bipartisan support in other areas.
"I just think the timing could not have been worse and it came totally out of the blue," Collins said.
Democrats may be one step closer to declaring economic victory in the Senate, but one Republican lawmaker is warning that their closed-door dealings could have bipartisan consequences. Sen. Susan Collins of Maine suggested the surprise climate...
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Why China's booming IPO market isn't exactly good news for the country's economy

China's IPO market raised $58 billion this year, far outpacing traditional IPO hubs. But its economy faces major headwinds ahead, which could dampen investor sentiment. Read more ...

Early Look at 2023 Cost-Of-Living Adjustments and Maximum Contribution Base

Early Look at 2023 Cost-Of-Living Adjustments and Maximum Contribution Base

The BLS reported this morning: The Consumer Price Index for Urban Wage Earners and Clerical Workers increased 9.1 percent over the last 12 months to an index level of 292.219... Read more ...

What does the future look like for e-commerce aggregators?

David Wright Contributor Share on Twitter David Wright is the co-founder and CEO of Pattern , an e-commerce acceleration platform. The world of e-commerce isn't slowing down... Read more ...

Homebuyers Hit Brakes in July, Sellers Hold Back

Homebuyers Hit Brakes in July, Sellers Hold Back

Today, in the Calculated Risk Real Estate Newsletter: Homebuyers Hit Brakes in July, Sellers Hold Back A brief excerpt: The big story for July existing home sales is the sharp... Read more ...

The easing of inflation pressures is giving the economy some breathing room...

If inflation has been the biggest threat to U.S. economic growth, then July's data should provide signs that there's at least some relief in the pipeline. Read more ...

Execs at Citi, Schneider Electric, and IBM want bankers, electricians, and...

Panelists for Insider's "Equipping Generations to Make a Sustainable Future Possible" event Insider The transition to a greener economy could create millions of new jobs and... Read more ...

Bitcoin bull Mike Novogratz says crypto's forced deleveraging is over and...

Mike Novogratz, CEO of Galaxy Investment Partners, speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 8, 2022 in Miami, Florida. Marco... Read more ...

Halted shipments of Russian oil resume to Slovakia

Halted shipments of Russian oil resume to Slovakia

Slovakia's economy minister says oil shipments from Russia through a critical pipeline to several European countries have resumed after a problem over payments for transit was... Read more ...

‘The economy is deteriorating': German finance minister paints dark picture...

An energy crunch and rising inflation are set to make life more difficult for residents of Europe's largest economy. Read more ...

Younger consumers, especially Gen Z, are getting squeezed the most by...

A "For Rent" sign outside of a house. ejs9/Getty Images Younger consumers are being squeezed the most by surging rent rates, Bank of America said. Rent payment for Gen Z was up... Read more ...