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Money & The Economy

News on Finance, Money, markets and the economy

Extending GM’s Electric Vehicle Tax Credits Could Blow A Huge Hole In Taxpayers’ Wallets

Removing the cap on General Motors’ electric vehicle tax credits could cost taxpayer’s billions of dollars over the next decade, a DCNF analysis finds. A DCNF analysis showing how much taxpayers will lose if lawmakers remove a cap on electric vehicle tax credits comes amid reports that such a move would also hurt people’s personal income levels. If Tesla and ...

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Report: California’s Climate Crusade Is Hurting Black Americans

elite media print fake stories

A new report finds that climate change-related regulation in Democratic-controlled states is negatively impacting minority communities, while not effectively lowering greenhouse gas emissions. The Pacific Research Institute (PRI) — a free-market think tank based in California — released a study that found California and New York’s approach to global warming is not working, and is hurting low-income and minority residents. ...

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Trump’s EPA Moves To Repeal Obama’s ‘De Facto Ban’ On New Coal Plants

EPA will undo an Obama-era mandate that new coal plants install costly technology to capture emissions. The Obama administration imposed the mandate in 2015, which opponents called a “de facto” coal plant ban. “Consistent with President Trump’s executive order promoting energy independence,” EPA chief Andrew Wheeler said. The Trump administration proposed rolling back Obama-era regulation that opponents called a de ...

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Canada Worries Trump Could Strike Back After Alberta Cut Oil Production

A former Alberta trade envoy to the U.S. worries President Donald Trump could retaliate against Canada after Alberta chose to cut oil production. Trump is known to call out energy-producing countries that reduce production – he frequently criticizes Saudi Arabia for considering similar cuts. Alberta, which imports most of its oil to the U.S., moved Tuesday to slash 325,000 barrels ...

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Trump Has Another Plan Up His Sleeve To Rescue Ailing Coal Plants

Donald Trump success

The Trump administration is reportedly preparing to give the coal industry a boost by rolling back another Obama-era environmental regulation. The Environmental Protection Agency on Thursday is expected to rescind a rule that requires new coal plants to be fitted with carbon capture technology, according to several officials who spoke with the New York Times. Under the Obama-era mandate, new ...

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Varney Explains Stock Dive: Not a Sign of a Recession

Fox Business host Stuart Varney explained why the stock market dropped nearly 800 points on “Fox & Friends” Wednesday and said fears of a recession are unfounded. “In my opinion computers, computer-driven trading — algorithms played a very large part in yesterday’s drop,” Varney said. “Let me explain it. First thing in the morning we heard that interest rates had come way, ...

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New Study Reveals Amazon’s Quiet Shift Toward ‘Pay-to-Play’ Platform

amazon logo

A new study has found that Amazon’s focus on sponsored placements is transforming the ecommerce platform into a ‘pay to play’ arena where brands must advertise to stand out in a competitive market. Quartile, which specializes in marketplace advertising on the Amazon platform, conducted its 5-day study over the 2018 Thanksgiving weekend, analyzing 1.04 million orders generated by 108 brands ...

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Small Businesses Make Final Push For Health Insurance Tax Reprieve Before Lame Duck Congress Ends

Bring Small Business Back

Business advocates are making a final push to the lame duck Congress to delay a tax on health insurance providers that will hurt small businesses, the president and CEO of the Small Business and Entrepreneurship Council told The Daily Caller News Foundation. The health insurance tax included in the Affordable Care Act has been delayed from going into effect until ...

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‘Business As Usual’ Is Over — Trump’s Tariffs Lead American Companies To Move On From China

trump-and-china-war-of-words

While the recent capitulation by President Xi Jinping has sparked a thaw in U.S.-China relations, experts contend that the relationship between the two countries is forever changed. The G-20 Summit marked a big win for President Donald Trump. After a two-and-a-half hour discussion on Saturday, Chinese leaders agreed to dramatically increase purchases of U.S. agricultural, energy and industrial products. Additionally, China will ...

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Shell Caves to Activist Investors, Sets Goals for Carbon Emission Cuts

Shell is preparing to set strict carbon emissions targets in 2019 amid intense pressure from activist shareholders who believe energy companies should be held accountable for aspects of global warming. The company also plans on linking such targets to the pay of senior executives, subject to a shareholder vote in 2020. Shell is still in talks with investors about the ...

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Average New-Car Prices Up 2 Percent Year-Over-Year

Ford car lot auto dealership car sales

A report out today shows the estimated average transaction price for new light vehicles in the United States was $36,978 in November 2018. New-vehicle prices increased by $769 (up 2.1 percent) from November 2017, while remaining flat (down 0.1 percent) from last month. “There were mixed average transaction price results among automakers in November 2018, even though the industry average did rise 2 percent,” said Tim Fleming, analyst for Kelley Blue Book. ...

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No New Tariffs: Trump Wins Trade War With China

Donald Trump success

U.S. President Donald Trump was able to extract a number of concessions from Chinese President Xi Jinping in exchange for not imposing any new tariffs on Chinese goods. Trump reached a major agreement while meeting with the world’s top leaders over the weekend. At the G-20 Summit in Buenos Aires, Argentina, Trump and Xi spoke for two and a half ...

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Sales Plummet As Dick’s Sporting Goods’ Anti-Gun Policies Kick In

Dick's Sporting Goods

Dick’s Sporting Goods’ hunting and electronic departments have been lagging in recent months due to the company’s decision to stop selling assault-style guns as well as any guns or ammunition to customers under 21 years old, leading to a drop in company stock.

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Luxury Home Prices Rose at Lowest Growth Rate in Nearly Two Years

Luxury home prices rose 3.2 percent year over year to an average of $1.7 million in the third quarter of 2018, according to Redfin, the next-generation real estate brokerage. This is the lowest growth rate since the fourth quarter of 2016, when prices were up 1.1 percent from a year earlier. The Redfin analysis tracks home sales in more than 1,000 cities ...

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