As the Senate weighs changes to the spending and tax portions of the Build Back Better Act, the Congressional Budget Office (CBO) and Tax Foundation find the bill would increase the cumulative budget deficit over the next 10 years—contrary to claims the legislation is “fully paid for.” The deficit impact may contribute to short-run inflation
admin
In this article TSLA SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the Axel Springer Award 2020 on December 01, 2020 in Berlin, Germany. Britta Pedersen | Getty Images Elon Musk’s sale of $906 million in Tesla stock Monday brings him one step closer to his ultimate sales goal. The
In this article DOGE.CM= Host Elon Musk during the monologue on Saturday, May 8, 2021. Will Heath | NBCUniversal Remember dogecoin? The meme-inspired cryptocurrency skyrocketed more than 20% Tuesday morning after Elon Musk said Tesla would accept dogecoin as payment for some of its merchandise. “Tesla will make some merch buyable with Doge & see
Since the start of the pandemic, billionaire health philanthropist Bill Gates has been a target for bizarre Covid conspiracy theories. Now, Gates says, those rumors and pieces of disinformation are keeping many Americans from getting vaccinated against Covid — and delaying the end of the pandemic by doing so. In a blog post last week,
In this article MRO XOM MUR krisanapong detraphiphat | Moment | Getty Images In recent years, many financial advisors have been cautious talking to clients about energy companies. So much so that it’s become almost taboo. Undoubtedly, environmental, social and corporate governance concerns have played a part, with a burgeoning number of investors now more
A satellite image shows TD Bank Ballpark submerged in flood, after Hurricane Ida swept through the Bridgewater Township in New Jersey, September 2, 2021. Maxar Technologies | Handout via Reuters The commercial real estate industry faces an intensifying threat from flooding, which is likely to lead to billions of dollars in increasing costs, a new
Nio: “I don’t like Nio. I think it’s too risky, so the answer is I would get out and get out soon.” Starwood Property Trust: “The stock would go down a couple of bucks [if the Fed raises interest rates by 50 basis points early next year]. It would probably go down immediately a couple
Invesco’s Kristina Hooper sees significant opportunities in regions shunned by a majority of investors. Despite the new omicron wave, she lists emerging markets — including China — as 2022’s top places to put money to work. “We always knew it would take longer for emerging markets to get populations vaccinated. But clearly there is a
Patek Philippe watch Courtesy: Patek Philippe The first of the new limited edition Patek Philippe Tiffany & Co. Nautilus watches sold at auction on Saturday for $6.5 million — more than 120 times its retail price. The sale cements the reputation of the Patek Philippe Nautilus Ref. 5711, which was discontinued earlier this year, as
Milos Dimic | E+ | Getty Images If a new job is what you want in the new year, you may want to start preparing now. That’s because January and February are the best times of year to look for a job, since companies that have a calendar-year budget tend to post new positions during
Market indicators suggest that rent hikes are coming in 2022. Average rents for a one-bedroom apartment in the booming suburbs of Phoenix, Arizona, have more than doubled year over year, according to data from Apartment Guide. Meanwhile, rents in Manhattan have reached fresh records as life returns to the cities, according to Zumper. The problems
Visit our website: https://www.zacks.com Visit our Stocktwits account: https://stocktwits.com/ZacksResearch Check out our weekly promotion: https://www.zacks.com/promo If you’re interested in our services, please check out Zacks Ultimate: https://www.zacks.com/ultimate/?adid=YOUTUBE&cid=sm-YOUTUBE
The sun sets at the Davis Station, Antarctica. Rachael Robertson An ice shelf holding a critical glacier in Antarctica could shatter within the next five years, scientists warned on Monday during an American Geophysical Union meeting. The Thwaites Glacier is a Florida-sized sheet that’s already responsible for about 4% of global annual sea level rise
In this article HOG PFE SIVB XOM KO CCL GME Customers view Harley-Davidson Inc. motorcycles at the company’s dealership in South San Francisco, California, U.S., on Tuesday, June 26, 2018. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Harley-Davidson — Shares of the motorcycle maker jumped
Sometimes, even a great business or product idea can’t save you from the perils of inexperience. On Friday’s episode of ABC’s “Shark Tank,” a husband-and-wife pair of business owners learned that lesson the hard way. The duo, Chris and Elisa Cirri, pitched their Wallingford, Connecticut-based start-up, called Santa’s Enchanted Mailbox, on the holiday-themed episode. The
In this article MS Morgan Stanley CEO James Gorman walked back an edict that employees should be back at the office by now and issued a new forecast for how long companies would delay the return. “I was wrong on this,” he told CNBC’s Wilfred Frost Monday on “Closing Bell.” “I thought we would have
XiFotos | E+ | Getty Images Inflation is not just a day-to-day worry for Americans. It is now also their top risk for retirement. A survey from Allianz Life Insurance Company of North America finds that 25% of Americans see rising inflation as the single greatest risk to their retirement plans. That’s up from 8%
MBPROJEKT_Maciej_Bledowski | iStock | Getty Images For retirees searching for investment income and protection from inflation, one solution may be real estate investment trusts. REITs, as they’re called, are companies that own and/or operate properties like office buildings, shopping malls, apartment complexes and warehouses. While they do come with more risk than some other income-producing
A Standout in a Strong Industry and a Stock That Touched a Recent 52 Week High. Visit our website: https://www.zacks.com Visit our Stocktwits account: https://stocktwits.com/ZacksResearch Check out our weekly promotion: https://www.zacks.com/promo If you’re interested in our services, please check out Zacks Ultimate: https://www.zacks.com/ultimate/?adid=YOUTUBE&cid=sm-YOUTUBE
Intel is spinning off its Mobileye group, should you buy this industry now? Visit our website: https://www.zacks.com Visit our Stocktwits account: https://stocktwits.com/ZacksResearch Check out our weekly promotion: https://www.zacks.com/promo If you’re interested in our services, please check out Zacks Ultimate: https://www.zacks.com/ultimate/?adid=YOUTUBE&cid=sm-YOUTUBE