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Monthly Archives: December 2022

California lowers solar energy incentives for homeowners

Save A Lot Solar contractors install LG Electronics solar panels on a home in Hayward, California, U.S., on Tuesday, Feb. 8, 2022. David Paul Morris | Bloomberg | Getty Images The California Public Utilities Commission on Thursday passed a proposal that will reduce compensation provided to households for the surplus …

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‘The Fed is not your friend’ and won’t take it easy on stocks

CNBC’s Jim Cramer on Thursday said that investors shouldn’t expect the Federal Reserve to go easy on the economy because the market is suffering. “Investors have to learn that the Fed is not your friend, it’s not your pal — if anything, it’s your enemy, at least until [Chair] Jay …

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Trump vows free speech reform of government, universities, tech

Former President Donald Trump speaks on May 28, 2022 in Casper, Wyoming. The rally is being held to support Harriet Hageman, Rep. Liz Cheneys primary challenger in Wyoming. Chet Strange | Getty Images Former President Donald Trump on Thursday announced a series of aggressive and ambitious proposals to undo what …

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What raises could look like in 2023, according to economists

Pay has skyrocketed for a lot of workers through the pandemic, but with rising costs taking a bite out of those paychecks and the Federal Reserve trying to tamp down on wage inflation, how long will salaries continue to swell? Economists say hiring is still competitive but that economic pressures …

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California, Midwest, at high risk of electricity shortages: NERC

Wind turbines and power transmission lines at a wind farm near Highway 12 in Rio Vista, California, on Tuesday, March 30, 2021. David Paul Morris | Bloomberg | Getty Images America’s electrical grid is being pushed to the breaking point, and California, parts of the Midwest and parts of the …

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Adobe (ADBE) earnings Q4 2022

Shantanu Narayen, CEO, Adobe Mark Neuling | CNBC Adobe shares rose 6% in extended trading on Thursday after the design software maker announced fiscal fourth-quarter earnings and guidance that exceeded analysts’ expectations. Here’s how the company did: Earnings: $3.60 per share, adjusted, vs. $3.50 per share as expected by analysts, …

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East Coast ports like New York are winning trade war over California

A container crane stands idle at the Port of Los Angeles amid a cargo slowdown on November 16, 2022 in Los Angeles, California. The country’s busiest container port complex, the ports of Los Angeles and neighboring Long Beach, saw imports of shipping containers drop 26 percent in October compared with …

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What happened when I swapped services for a day

OpenAI logo seen on screen with ChatGPT website displayed on mobile seen in this illustration in Brussels, Belgium, on December 12, 2022. Jonathan Raa | Nurphoto | Getty Images You may have heard the recent buzz around ChatGPT, an artificial intelligence chatbot that was released to the public at the …

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Home flipping profits drop at fastest pace in over a decade

As the housing market cools quickly, house flippers are finding it harder to make fast profits. In the third quarter, gross flipping profit, which is the difference between the median purchase price paid by investors and the median resale price, dropped to $62,000, according to ATTOM, a real estate data …

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Long Covid medical costs average $9,500 in first six month: study

Joos Mind | Photodisc | Getty Images Long Covid results in $9,500 of total average medical costs for workers and their employers in the six months following a diagnosis, according to a study by Nomi Health. Long Covid is a chronic illness that can carry potentially debilitating symptoms, which may …

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