Climate Groups React to Senate Passage of Inflation Reduction Act

Mint Images | Mint Rf Imaging | fake images The Senate passed the most ambitious climate spending package in US history. Sundaysparking optimism among environmental advocates after months of gridlock over President Joe Biden’s emissions-cutting agenda. Called the Inflation Reduction Act, the legislation allocates $369 billion for US energy security and combating climate change. Vice … Read more

Buffett’s firm reports a $44 billion loss, but his businesses are thriving

OMAHA, Neb. (AP) — Warren Buffett’s company reported a $43.76 billion loss in the second quarter as the paper value of its investments plummeted, but Berkshire Hathaway’s many operating companies generally performed well, suggesting that the economy in general is bearing the pressure of inflation and rising interest rates. Berkshire said on Saturday that a … Read more

The US economy has yet to face its biggest recession challenge

A person removes a pump nozzle at a gas station on July 29, 2022 in Arlington, Virginia. Olivier Douliéry | AFP | fake images It would be hard now to find a recession in the rear view mirror. However, what follows down the road is another story. There is no historical precedent that indicates that … Read more

The inflation problem that no one talks about

Voters range inflation as your main concern as prices continue to rise at the fastest rate in 40 years . And while the conversation about inflation tends to focus on consumer goods and energy, something else has become much more expensive than before: job qualifications, especially for public sector work. Reversing the over-reliance on college … Read more

Fed sees rates hike more aggressively after strong jobs report

Some economists expect the Federal Reserve to be more aggressive than the market expected, following July’s surprisingly strong jobs report. The economy added 528,000 jobs in July, more than double what was expected, and the unemployment rate even fell from 3.6% to 3.5%. Economists had expected job growth to have slowed from the previous month … Read more

How SolarEdge plans to increase its market share in Europe

SolarEdge shares fell this week after the company second quarter results showed an impact on margins from factory closures, higher transportation costs and currency headwinds from the weakening euro. But SolarEdge CFO Ronen Faier said lower margins now are the price to pay for long-term growth in a market where demand is soaring. “We have … Read more

US job growth picks up in July as labor market defies recession fears

A pedestrian walks past a “Help Wanted” sign on the door of a hardware store in Cambridge, Massachusetts, U.S., July 8, 2022. REUTERS/Brian Snyder/ Sign up now for FREE unlimited access to Reuters.com Record Nonfarm payrolls increase 528,000 in July Unemployment rate falls to 3.5% from 3.6% in June Average hourly earnings increase 0.5%; 5.2% … Read more

Weekly US jobless claims rise, but labor market remains tight

Weekly jobless claims rise from 6,000 to 260,000 Continued claims rise 48,000 to 1,416 million The trade deficit is reduced by 6.2% to 79.6 billion dollars in June WASHINGTON, Aug 4 (Reuters) – The number of Americans filing new claims for jobless benefits rose last week, suggesting some easing in the labor market, though overall … Read more

Stocks hold steady as markets bet on a sharp BoE hike

The market bets on a 50 bp rise in the Bank of England Fed official: 50 bp hike in September is “reasonable” Oil rebounds from six-month lows Lufthansa returns to operating profit Credit Agricole sees a rise in profits LONDON, Aug 4 (Reuters) – Strong earnings from Credit Agricole and Lufthansa buoyed shares on Thursday, … Read more