The House of Representatives passed the Inflation Reduction Act on Aug. 12. It now goes to President Joe Biden’s desk. The bill is expected to generate $739 billion in revenue, according to the Congressional Budget Office (CBO). Of the $739 billion in revenue, $433 billion will be for new spending, while the remainder will be
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This article is reprinted by permission from NextAvenue.org. My teenage son and I volunteered together for a local Meals on Wheels program in the summer of 2020, when COVID had caused an uptick in the need for home meal delivery services and a decrease in volunteers. We were assigned a route of eight clients, all of whom lived
AstraZeneca PLC said Monday that its Enhertu drug significantly delayed metastatic breast cancer progression in a Phase 3 trial, reinforcing the results of a prior trial. The Anglo-Swedish pharma giant AZN, +2.28% said results from the Destiny-Breast02 Phase 3 trial of Enhertu–trastuzumab deruxtecan–showed the trial met the primary endpoint, demonstrating a significant and clinically meaningful
The “crying CEO” said he never intended to become a viral phenomenon. Braden Wallake’s emotional LinkedIn post about having to lay off employees at his Ohio-based marketing-services company became the talk of social media this past week. But Wallake told MarketWatch he was as surprised as anyone that so many people responded to what he
A 14-room duplex in one of New York City’s most well-heeled co-op buildings, 740 Park Ave., came on the market Wednesday asking $26 million. Built in 1929 by James T. Lee, the banker and real-estate investor grandfather of Jacqueline Kennedy Onassis, the building was designed by noted New York City architect Rosario Candela. The future
A jersey that Michael Jordan wore during a 1998 NBA Finals game in Utah will be auctioned by Sotheby’s online from Sept. 6-14. With a presale estimate of between $3 million and $5 million, it will be the most expensive price for a Jordan jersey, or any piece of Jordan memorabilia, the auction house said.
Retail stocks could have a busy few days as earnings season is in full swing. Next week we’ll get quarterly prints from a series of leading retailers. Taken together, the results should provide strong indications of the state of the U.S. economy and consumer spending. As inflation remains high and interest rates used to combat
Details of what the FBI took from former President Donald Trump’s Florida estate were released Friday, including top-secret documents. Agents took binders of photos, a handwritten note and a grant of clemency for Trump ally Roger Stone, according to a list of items removed Monday from the ex-president’s Mar-a-Lago private club in Palm Beach, Fla.
Source: Led Gapline / Shutterstock [Editor’s note: “Get Ready to Shell Out for the ‘iPhone Killer’” was previously published in December 2021. It has since been updated to include the most relevant information available.] I love my iPhone. I can do everything on it. Send messages. Call folks. Read the news. Trade stocks. Watch videos.
There’s been a lot of news about inflation lately, especially about whether we are entering a recession or whether we’re already in one. Although the conventional definition of a recession is two consecutive negative quarters of real GDP, there is no consensus among economists — and everyone else, for that matter — that we’re in
AMTD Digital (NYSE:HKD) stock flew onto traders’ radars recently as it rallied hundreds of percentage points. Cautious investors should investigate the company before taking a position, though. There’s nothing special about AMTD Digital in particular as a business, and the share-price surge is likely due to a short squeeze. If you’re in the U.S., chances are
Have you ever wondered why in some shopping malls, some of the luxury stores have long lines of people waiting to enter, cordoned off by red velvet ropes? It’s not that there isn’t enough room in the shop, or that there isn’t enough staff on hand to attend to customers. It’s because the company is capitalizing
Source: Shutterstock [Editor’s note: “Become a Billionaire by Investing in The Industry With Infinite Potential” was previously published in August 2021. It has since been updated to include the most relevant information available.] Life’s different for billionaires. They live in multi-acre estates worth tens of millions of dollars. They drive cars that are the stuff
A new property tax relief law went into effect this week in Maine, which could be a boon for seniors in the nation’s oldest state that also has the fourth-highest homeownership rate. Under the “Property Tax Stabilization Program,” seniors who are 65 and older and permanent residents of Maine can freeze their property taxes at
It was nothing to sneeze at. A man who co-created the cold remedy, Zicam, has been charged with running a phony movie business called Desilu Studios after the famed production company behind “I Love Lucy” and “Star Trek,” and using cash he attracted for film projects to line his pockets. Charles Hensley, 68, of Redondo
Wednesday’s release of the consumer-price index reportfor July contained enough downside surprises to give stock investors hope the worst of inflation may be behind. Yet an undercurrent of worry remained at big-name firms like Pimco and BlackRock Inc., the world’s largest asset manager. According to Pimco economists Tiffany Wilding and Allison Boxer, the details of
Elon Musk sold almost $7 billion in Tesla Inc. stock in recent days, according to filings Tuesday with the Securities and Exchange Commission, and indicated he wants cash on hand as his legal fight with Twitter Inc. heats up. According to the filings, the Tesla chief executive sold around 7.9 million shares between Friday and
The issue: Measuring inflation—the rate of change in the level of prices—requires comparing the prices of a basket of goods and services over time. While that idea sounds straightforward in principle, measuring inflation in practice is more complicated. What goes into the chosen basket of items whose prices are to be tracked over time and how
[Editor’s note: “This Little-Known EV Battery Technology Will Drive the EV Revolution” was previously published in July 2022. It has since been updated to include the most relevant information available.] You may think you know of every battery innovation, especially as students of innovation. But a secret EV battery technology you’ve likely never heard of could
Google’s search engine experienced a rare outage Monday night. Google Search inquiries generated an error message for many people around the world, from the U.S. to the U.K. to Singapore, according to data from DownDetector. Users saw either a 500 or 502 error message. “The server encountered an error and could not complete your request,”