Inflation Reduction Act

The Organisation for Economic Cooperation and Development, or OECD, has reportedly detailed the final guidance for governments on bringing the new global minimum corporate tax into their law books. What Happened: The reform intends to update decades-old rules on cross-border tax where...

U.S. Council of Economic Advisers member Jared Bernstein highlighted the fact that President Joe Biden considers excessive buybacks by corporations as problematic. What Happened: Bernstein’s comments come in the wake of renewed tensions between Biden and oil companies as Chevron Corporation (...

The Inflation Reduction Act was a key piece of legislation passed by the U.S. Congress in 2022. A senator is now working to delay one of the key pieces of the legislation, in a move that could be a conflict of interest. What Happened: Sen. Joe Manchin (D-WV) was one of the key people...

As Tesla Inc. (NASDAQ: TSLA) backers and CEO Elon Musk fume over the Internal Revenue Service, or IRS, giving short shrift to the electric vehicle maker, it appears that there is scope for setting things right with respect to the qualification norms for the EV tax credit. What Happened: The...

Electric vehicle leader Tesla Inc (NASDAQ: TSLA) is well-known for its gigafactories around the world that have helped boost production and delivery figures. The company could have a new plan to support demand and help with costs. What Happened: Already one of the biggest players in the Chinese...

Chinese electric vehicle company Nio Inc - ADR (NYSE: NIO) is ramping up international expansion and has its eyes set on the U.S. market. Here’s how Nio’s CEO saw the company’s position gaining in the U.S. and what he thought about rival Tesla Inc (NASDAQ: TSLA...

Vermont is testing a new trade-in program to encourage residents to make the switch from gas powered vehicles to new electric vehicles (EVs). What Happened: The Green Mountain State announced a new trade-in incentive program called “Replace Your Ride." It aims to incentivize...

Solar stocks traded significantly higher over the past month following the passage of the Inflation Reduction Act, which included several investments in clean energy. Investors may be wondering what they should do with solar names following these steep gains. Goldman...

Legacy automotive company Ford Motor Company (NYSE: F) has been around for 120 years. The company now has its eyes set on growth through electric vehicles. One executive is laying out the case for how important the transition is for the future of the company. What Happened: Ford has launched...

FREYR Battery SA (NYSE: FREY) is poised to benefit from the recently enacted Inflation Reduction Act (IRA) in the U.S., according to Goldman Sachs. The FREYR Battery Analyst: Philipp Konig upgraded the rating for FREYR Battery from Neutral to Buy, while raising the price target from $11 to $19. The...

Student loan forgiveness has become a reality for the roughly 48 million Americans currently in debt. President Joe Biden said in a speech on Wednesday the student loan payment moratorium would be continued for one final time through Dec. 31. Americans who have loans owned by the...

The White House Office of Management and Budget (OMB) on Tuesday released its first published analysis of avoided climate-related social costs resulting from a piece of legislation. What Happened: The legislation analyzed was President Joe Biden’s $740 billion Inflation Reduction Act. The...

Inside the Inflation Reduction Act of 2022 that President Joe Biden is expected to sign into law this week, are tens of billions of dollars in subsidies to aid farm conservation efforts. What Happened: The U.S. Senate and House passed the Inflation Reduction Act, with approximately $20...

The U.S House on Friday passed the Biden administration’s Inflation Reduction Act of 2022, with the bill now going to President Joe Biden’s desk to be signed into law. What Happened: Microsoft Corporation (NASDAQ: MSFT) co-founder Bill Gates took to Twitter on Friday to express his...

A new section of the Inflation Reduction Act includes a 1% tax on share buybacks from companies. Here’s what entrepreneur, investor and NBA team owner Mark Cuban had to say of the news. What Happened: Cuban called in to CNBC Thursday morning to share his thoughts on a tax on share...