Tag Archives: Infrastructure

(Bloomberg) — The House on Friday passed the biggest U.S. infrastructure package in decades, marking a victory for President Joe Biden and unleashing $550 billion of fresh spending on roads, bridges, public transit and other projects in coming years. Most Read from Bloomberg The vote was 228-206 and sends the legislation to Biden for his signature. Thirteen Republicans supported the bill and six Democrats voted against it, a sign of the intra-party strains that nearly derailed the… Source link

Senator Pat Toomey, ranking member of the Senate Banking Committee, says he’s prepared to fix the broad definition of a cryptocurrency broker that’s contained within the Biden administration’s infrastructure bill bogged down in Congress. The comments come as the House is pushing for an imminent vote on a $550 billion so-called “hard” infrastructure bill, which would invest in bridges to roads and the nation’s broadband, water and energy systems. The legislative language includes a… Source link

As the House of Representatives prepares to vote Thursday on the bipartisan infrastructure deal, many House Republicans who have lined up against it argue that the bill is not about infrastructure at all. “I’ve got serious reservations about the fact that, depending on whose numbers you believe, only 10% to 20% of that $1.1 trillion truly goes to infrastructure,” Rep. Buddy Carter (R., Ga.) told Yahoo Finance last week. The language echoes an argument from former President Donald Trump…. Source link

In this article, we discuss the 10 best infrastructure stocks according to Reddit. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Infrastructure Stocks According to Reddit. Ever since United States President Joe Biden announced the $2 trillion plan to upgrade American airports, roads, bridges, and communications systems back in April, the stocks of infrastructure companies have been soaring. Lawmakers approved the plan last month, further boosting the… Source link

Bitcoin crested above $50,000 on Monday, benefiting from simultaneous supply chain shortages and a crackdown from Chinese regulators – putting bitcoin mining on par with profits near the coin’s April all-time-high.  Now, building infrastructure for the energy-intensive business poses the greatest challenge for companies and individuals hoping to reap big money. That means finding cheap and reliable energy sources, striking deals and building out mining facilities. “Throughout the summer,… Source link

This article was originally published on Simply Wall St News Plug Power’s Inc. (NASDAQ:PLUG), shares saw an 11% drop to US$25.10 in the week since the company reported its quarterly result. On the whole, it seems that the stock has stabilized back to fundamentals after a high enthusiasm run from the beginning of 2021. We will take a better look at the fundamentals and see what analysts are expecting for the company. For their second quarter, Plug Power shipped 3,666 GenDrives compared to… Source link

By Janet Yellen, U.S. Secretary of the Treasury For more than a generation, America has underinvested in the public goods that are the foundation of our economic growth: infrastructure, education, childcare. Our funding for them has been on a downward trajectory for nearly forty years. In 2019, it was about three-quarters of what it was in the 1970s. On Tuesday, the United States Senate began to turn the page on this unfortunate chapter in our economic history and, with two pieces of… Source link

The $1 trillion bipartisan infrastructure plan before Congress is inching closer to becoming law. And though the investments in climate change have been scaled back, the bill still includes more than $150 billion to boost clean energy. Milken Institute Public Finance Program Director Dan Carol tells Yahoo Finance Live that the bill is a good start, but more needs to be done in order to address America’s vast energy infrastructure needs. “I think it’s a very good down payment on climate…. Source link

A bipartisan trio of senators is trying to change a cryptocurrency provision in the infrastructure bill that the industry warns will have a “devastating” impact on the space. As it stands, the infrastructure bill aims to raise revenue by cracking down on cryptocurrency tax reporting.   The industry argues the current measure included in the bill is too broad — and would force miners, developers and other “non-financial intermediaries” to face the new reporting requirements, though they… Source link

The latest congressional infrastructure bill, which includes provisions on the regulation of crypto assets, could help legitimize cryptocurrencies within the mainstream financial community, says MoffettNathanson Partner Lisa Ellis. “What’s been holding up the crypto ETFs is that the SEC has very stringent requirements for things like liquidity, transparency, price stability,” Ellis said. “[There are] very well-established rules when it comes to stock investing,” she said. “Those same… Source link