Since the passage of the Inflation Reduction Act (IRA) just over two years ago, states have only captured an average of 7% of the potential funding opportunities provided by the Biden administration’s climate legislation. This low utilization rate of tax credits, which are the primary source of federal support under the IRA, is attributed to
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The stock market experienced some significant shifts recently, with Nvidia facing a substantial loss of $279 billion in market value in a single day. This marks the fifth instance where the company has incurred losses exceeding $200 billion in a day, signifying a major setback. The semiconductor sector also witnessed a downturn, with popular ETFs
Manhattan, New York, is well-known for its exorbitantly high real estate prices. The median price per square foot in Manhattan is a staggering $1,500, making it one of the most expensive places to live globally. The cost of purchasing a modest 500-square-foot condo in New York City can reach up to $750,000, as reported by
Rep. Steven Horsford of Nevada is anticipated to take the vacant seat on the Ways and Means committee after the passing of Rep. Bill Pascrell. As a former member of the Ways and Means Committee, Horsford brings valuable experience to the table, having served two terms from 2019 – 2023. His knowledge of public finance
Amidst expectations of interest rate cuts by the Federal Reserve in September, dividend-paying stocks are gaining attention as potential outperformers. This is especially true as the dividend yields from such stocks are poised to become more attractive compared to other income-generating assets like bonds. With a plethora of companies offering dividends, choosing the right stocks
As August comes to a close, it’s worth reflecting on the performance of the Dow Jones Industrial Average throughout the month. August has been a month of volatility for the stock market, with various events causing fluctuations in stock prices. One significant event was the release of lackluster jobs data for July, which initially sparked
The landscape of consumer behavior is evolving, with more Americans opting to rent rather than own their possessions. According to a report by Intuit Credit Karma, affordability is a key driver behind this shift, leading individuals to rent everything from cars and apartments to clothing and furniture. The rental industry has expanded significantly in recent
The footwear industry has long been dominated by powerhouses like Nike, but recent trends suggest a shift in consumer preferences. According to Stifel Financial, young consumers are increasingly gravitating towards brands like New Balance and Adidas, posing a potential threat to Nike’s market share. While Nike continues to hold the top spot with its popular
Best Buy has raised its fiscal-year profit guidance after outperforming expectations for the most recent quarter. The retailer now expects adjusted earnings per share to be in the range of $6.10 to $6.35, which is an increase from the previous range of $5.75 to $6.20. This positive outlook reflects the company’s confidence in its performance
Municipal bonds have remained relatively stable, with the two-year muni-to-Treasury ratio coming in at 63%, indicating a slight shift in the market compared to previous days. Despite this stability, the overall trend in yields has been decreasing since the start of the summer. According to Tom Kozlik, managing director and head of public policy and