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HomeU.S Market

U.S Market

Electric Vehicles

Massachusetts prepares to launch new electric vehicle rebates early this summer

April 26, 2023 Mariel Alumit

New electric vehicle rebates are expected to become available in Massachusetts in early summer, some nine months after lawmakers passed a bill calling for the incentives’ immediate implementation. The state has said funding and logistical […]

Aljazeera International

First Republic shares hit record low after depositors pull $100bn

April 26, 2023 Mariel Alumit

EconomyBanks First Republic Bank’s shares have plunged to a record low after the lender announced that depositors withdrew more than $100bn, prompting fears of further bank collapses after the failures of Silicon Valley Bank and […]

Energy Policy

Minnesota legislation aims to boost speed and scale of green financing

April 25, 2023 Mariel Alumit

A proposal to establish Minnesota’s first “green bank” would make it easier and less expensive to finance climate and clean energy projects in the state, supporters say. The Minnesota Climate Innovation Finance Authority would receive […]

Price
Bankruptcy

Dow Jones Futures: First Republic Bank Crashes 20% On ‘Unprecedented’ Deposit Flight

April 25, 2023 Mariel Alumit

Dow Jones futures were little changed ahead of Tuesday’s open, with a busy week of earnings results ahead that includes tech titans Google-parent Alphabet (GOOGL), Amazon (AMZN), Facebook-owner Meta Platforms (META) and Microsoft (MSFT). Late […]

Price
Financial Crisis

Regional Banks: First Republic Deposits Plunge By $72 Billion In Q1

April 24, 2023 Mariel Alumit

First Republic Bank (FRC) stock tumbled after hours Monday following its late results, erasing its 12% surge leading up to earnings. That follows mixed reports last week by Salt Lake City-based Zions Bancorp, Phoenix-based Western […]

US
Investments

US Inflation Reduction Act ‘to spur $3 trillion investment in renewable energy tech’

April 24, 2023 Mariel Alumit

The US Inflation Reduction Act (IRA) will spur about $3 trillion of investment in renewable energy technology, according to Goldman Sachs. It could double the amount of energy produced by the US shale revolution more than a […]

Bankruptcy

US Debt: Visualizing The $31.4 Trillion Owed In 2023

April 22, 2023 Mariel Alumit

Can you picture what $31.4 trillion looks like? The enormity of U.S. government debt is hard for the average person to wrap their head around. For instance, compared to the median U.S. mortgage, the current […]

Finance

“Fairly Severe” Corporate Credit Crunch Is “Harbinger Of More Stress To Come”

April 22, 2023 Mariel Alumit

It has been over a month since signs of banking stress first appeared in regional banks, and we quickly identified the beginning of a credit crunch. Days after the collapse of Silicon Valley Bank, we […]

Climate Change
Climate Crisis

New Survey Asks Americans How They Really Feel About Climate Change

April 21, 2023 Mariel Alumit

Headlines about climate change have filled newsfeeds over the last few years, ranging from catastrophic (natural disasters, endangered species, dire predictions for the future) to a bit more optimistic (electrification, the transition to renewable energy, climate tech […]

Price
Electric Vehicles

Dow Jones Futures Fall: Tesla Hikes Model S, X Prices; Cathie Wood Lifts TSLA PT To $2,000

April 21, 2023 Mariel Alumit

Dow Jones futures fell modestly Friday morning, along with S&P 500 futures and Nasdaq futures. The stock market rally retreated Thursday amid earnings reports and weak economic data, though the major indexes held key levels […]

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