Inflation Reduction Act EV tax credits could hurt sales

Inflation Reduction Act EV tax credits could hurt sales

Tesla cars charge next to a traditional Texaco gas station on July 17, 2022 in Nephi, Utah. With more electric cars on the road, lack of charging infrastructure is becoming more of a problem for EV owners. George Frey | Getty Images Proposed tax credits of up to $7,500 for electric vehicles under the Inflation … Read more

Surprise: Tesla Has a New Vehicle for the Holidays

Surprise: Tesla Has a New Vehicle for the Holidays

It’s a change to which Elon Musk hadn’t given notice, to either Tesla (TSLA) – Get Tesla Inc. carry fans or his critics. Usually, the CEO of the manufacturer of premium electric vehicles makes thundering statements and promises. When it comes to new products and new vehicles, this translates into an ultra-ambitious launch schedule with … Read more

These stocks soared up to 12% after inflation cooled

These stocks soared up to 12% after inflation cooled

Amid the euphoria following what appeared to be the first sign of slowing inflation, stocks staged a broad rally on Aug. 10, with dozens of large-cap stocks rising 5% or more. Those included several tech names that investors loved during the early stages of the coronvirus pandemic, along with cruise lines, credit-card lenders and chip-related … Read more

Auto makers warn most electric vehicles won’t qualify for federal tax credit

Auto makers warn most electric vehicles won’t qualify for federal tax credit

But the auto industry is warning that the vast majority of EV purchases won’t qualify for a tax credit that large. That’s mainly because of the bill’s requirement that, to qualify for the credit, an electric vehicle must contain a battery built in North America with minerals mined or recycled on the continent. And those … Read more

Varda signs NASA partnerships for space factory demo flight next year

Varda signs NASA partnerships for space factory demo flight next year

Varda co-founders Varda Space Industries Early stage Varda Space Industries has signed a pair of agreements with NASA, the company announced Friday, securing access to key technologies the company will need for the first demonstration of its space factory system. Varda’s goal is to develop a new method for manufacturing materials in space, an opportunity … Read more

Port of New York and New Jersey battles a shipping container pile-up

Port of New York and New Jersey battles a shipping container pile-up

The Port of New York and New Jersey announced new tariffs on Tuesday related to empty containers and export volumes in its battle to reduce container congestion. Both loaded and empty containers that are considered long-dwelling will be subjected to a quarterly “container imbalance fee.” The tariff will be effective as of September 1, pending … Read more

How JetBlue’s takeover of Spirit could change air travel

How JetBlue’s takeover of Spirit could change air travel

Passengers wait in line at the Spirit Airlines check-in counter at Orlando International Airport. Paul Hennessy | LightRocket | Getty Images Spirit Airlines resigned this week and agreed to sell itself to JetBlue Airways for $3.8 billion, hours after breaking off a merger agreement with Frontier Airlines that failed to win enough shareholder support. The … Read more

Procter & Gamble Sounds a Warning After Strong Quarter

Procter & Gamble Sounds a Warning After Strong Quarter

Procter & Gamble co. p -6.18% maker of Tide detergent and Pampers diapers, is predicting the slowest sales growth in years as consumer belt-tightening is beginning to hit household staples. The outlook comes after the Cincinnati-based consumer-products giant on Friday reported its biggest annual sales increase in 16 years because of the price increases that … Read more

Southwest Airlines Introduces A Perk Customers Will Love

Southwest Airlines Introduces A Perk Customers Will Love

The airline industry, as well as the world at large, was grounded once covid hit in March of 2020. Eventually some flights were available in 2020 with enhanced safety precautions, but relatively few people felt like taking the risk. So it was no surprise when the International Air Transport Association confirmed that 2020 was the … Read more

Masten files for bankruptcy after NASA moon contract struggle

Masten files for bankruptcy after NASA moon contract struggle

Lunar-focused company Masten Space Systems filed for Chapter 11 bankruptcy protection on Thursday, with the venture winnowed down to a handful of people after layoffs and furloughs. The space company declared that its debts ballooned, tracing back to a NASA contract awarded to Masten two years ago. Once seen as a major win for the … Read more