Business

Factory inflation in China hits 17-month low, consumer prices accelerate

Factory inflation in China hits 17-month low, consumer prices accelerate

A worker walks in front of steel coils at the Chongqing Iron and Steel Plant in Changshu, Chongqing, China, August 6, 2018. REUTERS/Damir Sagolj/File Photo Register now to get free unlimited access to Reuters.com Register Producer inflation in July at its lowest level since February 2021 Consumer price inflation in July at its highest level …

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Stock futures rose as investors prepared for July inflation report

Stock futures rose as investors prepared for July inflation report

Elon Musk sells Tesla stock Musk’s plan to buy Twitter has alarmed policymakers around the world. Joe Skipper | Reuters Elon Musk has sold shares in Tesla worth about $6.88 billion – despite saying earlier this year that he had “no more TSLA sales planned”. Tesla’s CEO has sold 7.92 million shares in the electric …

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Most electric cars will not qualify for a tax credit from the Inflation Reduction Act

Most electric cars will not qualify for a tax credit from the Inflation Reduction Act

A tax credit of up to $7,500 can be used to defray the cost of an electric vehicle under the Inflation Reduction Act, which is now heading toward final approval in Congress. But the auto industry warns that the vast majority of electric vehicle purchases will not qualify for a tax credit of this size. …

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Novice Instructions Just Got Worse – Time to Ditch the Stock?  |  Motley Fool

Novice Instructions Just Got Worse – Time to Ditch the Stock? | Motley Fool

After the artificial intelligence lender cocky (UPST -11.84%) Telling investors last month to prepare for weak revenue and a larger-than-expected loss in the second quarter, you thought the worst was behind the company. But shares fell again after the company reported full second-quarter results after the market closed on Monday. The cocky guided by third-quarter …

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Israeli students accuse Ben and Jerry of occupying tribal lands in Vermont

Israeli students accuse Ben and Jerry of occupying tribal lands in Vermont

Israeli students allege that ice cream maker Ben & Jerry’s “illegally” occupies land in Vermont that once belonged to an American tribe of Abenaki descent, and he has to exercise his calling and vacate the property immediately. A shameful letter sent to B&J — signed by more than 1,000 Israeli students and academics affiliated with …

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Walmart is building a streaming service to take on Amazon Prime

Walmart is building a streaming service to take on Amazon Prime

Walmart is investigating building its own streaming service, New York times Reportedly, she’s talking to some of the big-name content players about the shows and movies they could offer Walmart Plus subscribers. The company appears to have had discussions with Paramount, Disney and Comcast about the service, though it’s not clear if those discussions have …

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BlackRock warns investors not to buy defensive stocks and bonds as tech-led rally is at risk of fading out

BlackRock warns investors not to buy defensive stocks and bonds as tech-led rally is at risk of fading out

After a stunning July rally, US stocks SPX, -0.42% They have been caught in a tight trading range for the past two weeks as investors struggle to make sense of some of the most confusing economic data in recent years. But while the S&P 500 held above the key 4000 level thanks in large part …

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Automakers warn that most electric cars will not qualify for a federal tax credit

Automakers warn that most electric cars will not qualify for a federal tax credit

But the auto industry warns that the vast majority of electric vehicle purchases will not qualify for a tax credit of this size. This is mainly due to the bill’s requirements that, to qualify for the credit, an electric vehicle must have a battery made in North America with minerals mined or recycled on the …

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Automakers warn that most electric cars will not qualify for a federal tax credit

Automakers warn that most electric cars will not qualify for a federal tax credit

But the auto industry warns that the vast majority of electric vehicle purchases will not qualify for a tax credit of this size. This is mainly due to the bill’s requirements, to qualify for credit, an electric vehicle must have a battery made in North America with minerals mined or recycled on the continent. And …

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Aluminum foundry struggles to survive in European gas crisis

Aluminum foundry struggles to survive in European gas crisis

The family-owned aluminum foundry experiences a new transformation style Planning to maintain production and reduce gas use Automakers warn that production cuts are inevitable if suppliers shut down Scaling up new gas-free technologies will take years Industry says suppliers need more help to innovate SOLTAU, Germany, Aug. 9 (Reuters) – Screaming for the din of …

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