Big news out of the federal government could be a big boon for certain automakers. The Treasury Department said yesterday it would delay releasing proposed guidance regarding the sourcing of EV batteries that are part of the Inflation Reduction Act’s (IRA) new $7,500 EV tax credit. The IRA’s rules regarding the EV tax credit require that $3,750 of the credit is only eligible if 40% of the value of the critical minerals in the battery have been “extracted or processed” in the U.S., or a… Source link
Read More »Fed’s Daly says ‘premature’ to rule out another 0.75% rate hike
San Francisco Fed President Mary Daly said Monday it’s premature to take another 75-basis point rate hike off the table ahead of the central bank’s December policy meeting. “It’s premature in my mind to take anything off the table,” Daly said when asked during a media Q&A whether a 75-basis point rate hike is still possible for the next policy meeting if forthcoming inflation reports came in hot. “I’m going into the meeting with the full range of adjustments that we could make… Source link
Read More »NFLPA, NFL agree to adopt Tua Tagovailoa rule ahead of this weekend’s games
As far as the NFL Players Association is concerned, changes to the league’s concussion protocols cannot come soon enough. The union released a statement Friday confirming it had come to an agreement with the NFL on a change to prevent players from returning to a game if they show gross motor instability, which infamously happened with Miami Dolphins quarterback Tua Tagovailoa in Week 3. The NFLPA called on the league to put the change into effect in time for this weekend’s games: “Our union has… Source link
Read More »South Korea to probe Apple and Google over in-app payment rule break – TechCrunch
South Korea’s communication watchdog, the Korea Communications Commission (KCC), said Tuesday it will investigate Apple and Google over potential violations of the country’s in-app payment rule. Local media reports noted that the agency will start this investigation on August 16. Apart from Apple and Google, the KCC is also investigating SK Group’s homegrown app store called ONE Store. The watchdog said that it had looked into the practices of all three app… Source link
Read More »Jonas brothers kick Chuck Norris’s grandson off new show for breaking major rule
The premiere of Claim to Fame ended in a scandalous fashion on Monday. The series challenges mystery contestants to guess the famous relatives of the other contestants. And right out the gate, there was an unexpected twist at the end of the episode. Contestants are not allowed to have personal phones, because it would make it much too easy to cheat. During the first elimination, Kevin Jonas and Frankie Jonas revealed that one of the contestants cheated by using their phone. The guilty party… Source link
Read More »Nationals fall victim to bizarre ‘fourth out’ rule
There are some weird quirks baked into MLB’s lengthy rulebook, and the Washington Nationals ran into a particularly unsavory morsel on Wednesday. In the fifth inning, the Nationals were in trouble. The Pittsburgh Pirates had runners on second and third with one out and the score tied 3-3. Ke’Bryan Hayes, one of three Pirates in the lineup with a batting average above .250, was facing Steve Cishek. Then the Nationals got lucky. Hayes hit a low line drive that was caught by Nationals first… Source link
Read More »Fund legend Rick Rule says the Fed won’t keep hiking rates aggressively to prevent ‘amazing damage.’ Here are 3 spots he likes for your dough
‘They’ll chicken out’: Fund legend Rick Rule says the Fed won’t keep hiking rates aggressively to prevent ‘amazing damage.’ Here are 3 spots he likes for your dough The Fed is raising interest rates aggressively in an attempt to tame raging inflation. But according to legendary investor Rick Rule — former president and CEO of investment fund Sprott U.S. Holdings — things may not go as planned for America’s central bank. “I think they’ll chicken out,” he told Stansberry… Source link
Read More »Even inventor Bill Bengen is revisiting the 4% rule — is it still the key to making money last in retirement?
We are often told we need to save as much as we can over 30 or 40 years of work to carry ourselves through retirement. But once we reach that milestone, how do we ensure those savings won’t run out before we die? It’s a question that challenges even the brightest financial minds. And while the industry has followed what’s known as the “4% rule” for decades now, some argue it’s not the simple solution its proponents believe it to be. Morningstar’s 2022 guide to retirement… Source link
Read More »Tom Brady admits ‘Tuck Rule’ play ‘might have been a fumble’
Tom Brady is no longer retired, but he’s still having his fun in the offseason. The Tampa Bay Buccaneers quarterback admitted the obvious in a cheeky social media post Thursday morning. Following a “tell me something honest” prompt from Justin Bieber, Brady said what Las Vegas Raiders fans have been screaming for the last 20 years: “The Tuck Rule Game against the Raiders … it might have been a fumble.” That admission will be no comfort for Raiders fans who have spent decades stewing over a… Source link
Read More »An annoying COVID rule for global travelers may soon disappear
Travel industry leaders are hopeful the Biden administration will finally end a major COVID-era hassle for Americans traveling abroad and for international travelers who want to visit the United States: A negative COVID test within 24 hours of boarding a U.S.-bound flight. That requirement has been in effect since late last year, when the Biden administration ended a ban on travel into the United States from a variety of countries and replaced it with the negative-test requirement. At first,… Source link
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