business news
Nuclear waste recycling startup wants to solve the ‘ball and chain’ problem holding back nuclear
Ed McGinnis, CEO of Curio. Photo courtesy Curio. Ed McGinnis knows a lot about the nuclear waste problem in the United States. He worked in U.S. Department of Energy from 1991 to 2021 and dealt directly with the U.S. government’s failed effort to build a nuclear waste repository in Yucca Mountain, Nevada. “I certainly have […]
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Biden signs Inflation Reduction Act into law, setting 15% minimum corporate tax rate
After more than a year of debate over costs, taxes, tax credits and regulations, President Joe Biden finally signed his sweeping tax, health and climate bill into law — albeit a significantly reduced version of the $1.75 trillion Build Back Better plan he was pushing for last year. The president signed the newly renamed Inflation Reduction […]
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Bed Bath & Beyond soars as much as 70% as meme traders talk up Ryan Cohen’s call options purchase
A Bed Bath & Beyond store is seen on June 29, 2022 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images Bed Bath & Beyond shares soared Tuesday as retail traders active on social media piled into the stock, encouraged by news that GameStop Chairman Ryan Cohen placed another bet on the struggling […]
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Apple and Meta headsets could face a big challenge: Sticker shock
Apple and Facebook parent Meta are expected to release mixed reality headsets in the coming year that could finally fulfill the industry’s promise to turn head-worn devices into the next big shift in personal computing. But there’s one major potential snag: sticker shock. The best-selling virtual reality headset, the Meta Quest 2, retails for $400 […]
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BlackRock makes $700 million investment in Australian battery storage
Wind turbines in Australia. Earlier this year, a report from Australia’s Clean Energy Council said renewables were responsible for 32.5% of the country’s electricity generation in 2021. Josh Hawley | Moment | Getty Images A fund under the management of BlackRock Real Assets is set to acquire Akaysha Energy, an Australian firm that develops battery […]
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Trump enemies Liz Cheney, Lisa Murkowski face GOP primary challengers as Sarah Palin stages comeback
A billboard outside Cheyenne, Wyo., calls on voters to cast their ballots for Harriet Hageman, who is running against incumbent Rep. Liz Cheney, R-Wyo., in the Republican primary election Aug. 16, 2022. Thomas Peipert | AP Two prominent congressional Republicans who made enemies of former President Donald Trump are set Tuesday to defend their seats […]
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The Inflation Reduction Act caps costs for Medicare patients on insulin. Where the push for broader relief stands
The Good Brigade | Digitalvision | Getty Images A new legislative package signed into law by President Joe Biden on Tuesday is a big win for Medicare patients who struggle to cover the cost of insulin to manage their diabetes. But the bill, called the Inflation Reduction Act, falls short of applying those cost controls […]
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Biden’s corporate tax hike in the Inflation Reduction Act won’t hurt most U.S. companies, Wall Street analysts say
Senate Majority Leader Chuck Schumer (D-NY) speaks during a news conference about the Inflation Reduction Act outside the U.S. Capitol on August 4, 2022 in Washington, DC. Drew Angerer | Getty Images Business advocacy groups lobbied hard against the 15% minimum tax rate for large corporations that just passed Congress as part of the the […]
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Amazon workers at warehouse near Albany file petition for union election
Workers and supporters hold signs after filing a petition requesting an election to form a union outside the National Labor Relations Board (NLRB) regional office in the Brooklyn Borough of New York, on Monday, Oct. 25, 2021. Gabby Jones | Bloomberg | Getty Images Amazon workers at a warehouse in upstate New York have filed […]
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Trump-linked SPAC Digital World Acquisition postpones earnings report after seeking to delay merger
The social media app will be developed by Trump Media and Technology Group (TMTG). Rafael Henrique | LightRocket | Getty Images Digital World Acquisition Group, the special purpose acquisition company that plans to merge with Trump Media and Technology Group and take it public, is asking for an extension to file its earnings report, according […]
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