Inflation Reduction Act Passes House
The House of Representatives passed the Inflation Reduction Act Friday, by a vote of 220 to 207. The bill will now head to the White House to be signed and…
As Inflation Begins To Slow, Groceries Are One Exception
As inflation slows down some, one place not seeing the relief is grocery prices. Food at home prices rose 1.3% from June to July, leading to a 13.1% rise compared…
Pfizer And Moderna Choose Different Uses For Their Covid Windfalls
After enjoying windfall profits from the Covid pandemic and associated global mass-vaccination pushes, Pfizer and Moderna are pursuing different business strategies going forward. Pfizer has chosen to push its vaccine…
Joby Aviation Doubles DOD Contract
On Wednesday, Joby aviation said its contract with the Defense Department to test its air taxis for Military use has been more than doubled. The Department of Defense has now…
JP Morgan Gold Desk Traders Convicted Of Spoofing Trades To Manipulate Gold Prices
A court in Chicago convicted the former head of the JPMorgan Chase & Co. precious-metals business, Michael Nowak, and his top gold trader Gregg Smith, of manipulating the gold markets…
Gas Drops Below $4 Per Gallon Nationally
Gas prices continue to decline nationally as the average price for a gallon of regular gasoline dipped below $4 for the first time since March 5th, according to AAA data.…
Rivian Increases Yearly EBITDA Loss Guidance, Stock Wavers
Rivian (RIVN) has announced it sees a bigger loss for the year than predicted, causing shares to waver in extended trading. Rivian reported that in the second quarter, revenue was…
Public Pension Funds Hit Hard By The Market Decline
As stocks and bonds have been hammered this year, it has also impacted the retirement plans of millions of state and local employees. US public pension plans have been taking…
Real Estate Continues to Cool As Rates Rise
After briefly falling below 5% last week, mortgage rates are back on the move upward. A 30-year fixed-rate mortgage now comes with a rate of 5.22%, after briefly falling to…
Elon Musk Announces 500 Mile Semi To Ship This Year, Cybertruck Next Year
Tesla CEO Elon Musk tweeted Wednesday that the electric automaker will begin shipping its 500 mile range Semi Truck to customers this year, and deliveries of the company’s Cybertruck will…
