Tag Archives: Act

Lawmakers are racing toward the August recess, as President Biden prepares to sign a bill Tuesday that invests nearly $52 billion into the semiconductor chip manufacturing sector. Meanwhile, the House is expected to vote this week on a roughly $430 billion spending package aimed to improve health care, address climate change, and make corporations pay their fair share of taxes. The Senate approved the measure over the weekend. We’re also slated to see new inflation data on Wednesday, as U.S…. Source link

Sweeping climate and health care legislation unveiled by Democrats last week would lead to significant cuts in energy costs for American households, according to a new analysis. A report by non-profit group Rewiring America found that the tax incentives included as part of the $369 billion dedicated to climate initiatives in the Inflation Reduction Act would save the average household $1,800 per year on energy bills. “It is a market-tilting level of investment,” Ari Matusiak, the group’s… Source link

Billionaire hedge fund manager Bill Ackman reiterated recent calls on Twitter Tuesday morning for the Federal Reserve to intervene aggressively to tame inflation. Ackman’s latest tweet comes a day after a key economic report showed U.S. consumers have the most pessimistic economic outlook in nearly a decade. “Consumer confidence is weak because of inflation, not because of the economy. Jobs are plentiful and the economy is strong,” the Pershing Square founder said in a tweet. “The Source link

That loud sucking sound we hear is the stock market digesting the work of a hawkish Fed that’s trying to fight unexpectedly sticky inflation. “We expect a tumultuous year, and our plan was not to sell into extreme whooshes — I would say we are in an extreme whoosh,” Canaccord Genuity Chief Market Strategist Tony Dwyer said on Yahoo Finance Live (video above). “I would say if you are looking to cut back exposure because money availability and the outlook isn’t so great, I would love to do it… Source link

Traders are betting the Federal Reserve’s 0.5% rate increase today is far from its last this year. Fed funds futures are pricing in hikes of varying sizes for the next five meetings, and Fed officials themselves have endorsed that view — and suggested again today in their statement — that increases will continue. But what if the U.S. economy isn’t strong enough to withstand those rate increases and the Fed is forced to stop? “The Fed was too slow to act when the economy was growing,… Source link

Around three million people who left the workforce during the pandemic still don’t want to return, blaming virus fears.AP Millions who left the labor force last year don’t plan to return to work, shops, or eating out. Women, those without a college degree, and people in low-paying sectors are least likely to return. A worker shortage will likely put more pressure on wages and prices even as the Fed increases rates. Millions of Americans who left the workforce last year plan to stay away… Source link

In this weekly segment, ExchangeWire sums up key industry updates in media, marketing, and commerce from around the globe. In this edition: European lawmakers propose the Digital Markets Act to tackle antitrust behaviour in Big Tech; Russia’s search engine, Yandex, has sparked security concerns over harvesting users’ data; US representatives propose a new bill to create a digital dollar; and, Meta have hired digital consulting firm Targeted Victory to “orchestrate a nationwide campaign”… Source link

On his final day as principal owner of the Iowa Cubs, Michael Gartner surprised his staff with an unforgettable goodbye gift. He shared profits from the sale of the Des Moines-based minor-league baseball team with all 23 of the club’s full-time employees. Gartner didn’t reveal his intentions until Tuesday evening during a staff-wide gathering inside a ballpark lounge overlooking left field. As some employees scarfed down hot dogs and sipped beer and others watched from afar via Zoom,… Source link

Urban Meyer is a bully. That has been true for a long time. It’s a character trait, if not an outright strategy. In football, especially the college level, it is neither rare nor necessarily negative. It wasn’t for Meyer. It fueled his enormous success — three national titles — far more than any schematic advantage. Urban Meyer wasn’t a play-caller. He was a recruiter, a motivator and a bully. He bullied his players, and bullied his assistant coaches, and bullied administrators, and… Source link

As a mob of Donald Trump’s supporters stormed the U.S. Capitol on Jan. 6, White House chief of staff Mark Meadows received text messages from multiple Fox News hosts and the president’s son, urging him to convince Trump to issue a statement condemning the violence, according to the House select committee investigating the attack. The text messages are among thousands of documents Meadows has turned over to the committee, according to Vice Chair Liz Cheney, R-Wyo., who revealed the… Source link