Washington, DC CNN Business — President Biden signed into law the Inflation Reduction Act on Tuesday, and it will reshape the electric vehicle tax credit. Automakers and consumers have scrambled in the last week to brace for its impact. Some car buyers are relieved to have finalized purchases before today, when qualifying became generally more …
Lina Khan, nominee for Commissioner of the Federal Trade Commission (FTC), speaks during a Senate Committee on Commerce, Science, and Transportation confirmation hearing on Capitol Hill in Washington, DC, April 21, 2021. Saul Loeb | Pool | Reuters Amazon accused the Federal Trade Commission of harassing executive chairman Jeff Bezos and CEO Andy Jassy by …
Amazon accuses FTC of harassing Bezos and Jassy in Prime investigation Read More »
New York CNN Business — Starbucks is requesting a suspension of mail-in ballots at unionization votes currently going on at its stores across America. The coffee chain is accusing National Labor Relation Board employees in Kansas and elsewhere of misconduct in handling these mail-in votes, actions it said has skewed results in favor of unionization. …
Starbucks asks labor board to halt mail-in union ballots | CNN Business Read More »
PROVIDENCE, R.I. (AP) — A major economic bill headed to the president has “game-changing” incentives for the nuclear energy industry, experts say, and those tax credits are even more substantial if a facility is sited in a community where a coal plant is closing. The transformative bill provides the most spending to fight climate change …
Climate bill: Could coal communities shift to nuclear? Read More »
Washington CNN Business — The Federal Trade Commission is considering whether to write sweeping new regulations that could restrict how businesses collect and use consumer data, hinting at a possible crackdown on commercial algorithms and a sprawling economy powered by the personal information of millions of Americans. On Thursday, the FTC announced it is accepting …
FTC weighs sweeping new rules on ‘commercial surveillance’ and Big Data | CNN Business Read More »
No subject is more controversial in economic circles right now than taxes. Tensions heighten even more when the specific subject is a new tax aimed at businesses. Simply put, the business community hates taxes. No surprise, then, that last week, when the U.S. Senate agreed to a 1% tax on share buybacks as a way to partly …
Billionaire Mark Cuban Takes Surprise Stance on Controversial New Tax Read More »
We are a day away from data that could prove a turning point for markets. If Wednesday’s CPI doesn’t reveal some slowing in prices, expectations will rise for a bigger Fed rate hike in September, possibly knocking stocks. But if it swings the other way, especially after surprisingly good jobs data, the view that things …
NEW YORK (AP) — The Justice Department’s effort to block the merger of Penguin Random House and Simon & Schuster isn’t just a showcase for the Biden administration’s tougher approach to corporate consolidation, it’s a rare moment for the publishing industry itself to be placed in the dock. Through the first week of an expected …
Antitrust trial puts book publishing industry in the dock Read More »
WASHINGTON (AP) — After 13 years, at least three crashes, dozens of scams and Ponzi schemes and hundreds of billions of dollars made and evaporated, cryptocurrencies finally have the full attention of Congress, whose lawmakers and lobbyists have papered Capitol Hill with proposals on how to regulate the industry. The latest bipartisan proposal came Wednesday …
New crypto oversight legislation arrives as industry shakes Read More »
Two prominent and influential proxy advisory firms are urging Tesla Inc. investors to vote against the reelection of two board directors, and are recommending they defy the company’s wishes and vote for six out of eight shareholder proposals. Tesla TSLA, +0.04% is facing several employee-related controversies and is caught up in the glare of the …
