Earnings Results: Upstart stock drops after earnings, but CEO says he’s ‘confident’ in value of AI lending

Upstart Holdings Inc. shares fell after the company delivered a lower-than-expected revenue forecast for the current quarter, but its chief executive expressed confidence in the performance and value of artificial-intelligence-driven lending. Since Upstart UPST, +9.02% offered preliminary second-quarter results a month ago that fell shy of expectations, the key issue headed into the company’s official […]

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: Fuel cell, EV and solar stocks rally as climate bill makes ‘alternative’ energy more ‘in the money’

Shares of solar, elective vehicle and fuel cell companies all rallied Monday, after the Senate approved what J.P. Morgan analyst Mark Strouse called “the largest policy change in U.S. history” to accelerate the transition away from fossil fuels. The bill, named the Inflation Reduction Act, provides billions of dollars for clean and renewable energy production […]

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Living With Climate Change: Here’s how the Inflation Reduction Act’s rebates and tax credits for heat pumps and solar can lower your energy bill

It’s not the prettiest, or even most fulfulling, part of upgrading a home. But more energy-efficient heating, cooling, power and water usage can net savings that really adds up for household budgets and for doing right by the planet. Congressional action looks to return more incentives, mostly via tax credits and rebates, to the pockets […]

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The Wall Street Journal: UPS nears deal to purchase Italian healthcare distributor Bomi Group

United Parcel Service Inc. is nearing a deal to acquire Italy’s Bomi Group, according to people familiar with the matter, as the transportation giant looks to bolster its medical-product-distribution business. The deal, worth several hundred million dollars, could be finalized as soon as Monday assuming the talks don’t break down at the last minute, the people said.

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The Wall Street Journal: CVS seeking to buy Signify Health as part of home-health expansion

CVS Health Corp. is seeking to buy Signify Health Inc., according to people familiar with the matter, as the drugstore and insurance giant looks to expand in home-health services. Signify Health SGFY, +2.32% is exploring strategic alternatives including a sale, The Wall Street Journal reported this past week. Initial bids are due this coming week and CVS CVS, +0.38% is planning […]

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Living With Climate Change: Want an EV? A first-ever $4,000 tax credit for used electric vehicles, and $7,500 for new, is nearing approval

With a compromise spending bill that devotes more than $ 360 billion to climate change efforts, consumers for the first time will have a tax incentive to use toward previously owned electric vehicles. Newly built EVs also feature in the revived tax-credit proposals, which now look closer to passage in the Senate after Democrats reached […]

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The Conversation: Inflation is spiking around the globe, not just in the United States

The 9.1% increase in U.S. consumer prices in the 12 months ending in June 2022, the highest in four decades, has prompted many sobering headlines. Meanwhile, annual inflation in Germany and the U.K.—countries with comparable economies—ran nearly as high: 7.5% and 8.2%, respectively, for the 12 months ending in June 2022. In Spain, inflation has hit 10%. Inflation is rising nearly […]

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The Conversation: Subsidies for renewable energy often go to the same fossil-fuel companies that are fighting the green-energy transition with their other hand

Texas is known for fiercely promoting its oil and gas industries, but it’s also the No. 2 renewable energy producer in the country after California. In fact, more than a quarter of all the wind power produced in the United States in 2021 was generated in Texas. These projects benefit from a lucrative state tax incentive program […]

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: Confused about inherited IRA rules? Here’s what to know

Inherited IRAs are a gift to beneficiaries, but the rules surrounding distributions from these accounts are not.  Beneficiaries must follow a 10-year rule for distributions, which began after the Secure Act passed in December 2019, but the requirements are intricate and, for some, tricky. The Internal Revenue Service issued proposed regulations about the matter, which […]

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