Home / 2023 / March (page 2)

Monthly Archives: March 2023

Biden Interior proposes leasing public lands for conservation

U.S. Interior Secretary Deb Haaland delivers remarks at the White House Conservation In Action Summit at the U.S. Interior Department on March 21, 2023 in Washington, DC. Kevin Dietsch | GGetty Images The Biden administration this week proposed a new rule that would allow the Interior Department to lease public …

Read More »

Nikola NKLA stock sale priced below market

Nikola Motor Company Source: Nikola Motor Company Electric heavy-truck maker Nikola said that its planned $100 million secondary stock offering, announced on Thursday after U.S. markets closed, has priced at $1.12 per share – 20% below the stock’s closing price of $1.40. Shares fell more than 15% on Friday morning, …

Read More »

San Francisco Fed leader Daly likely not a major player in SVB saga, officials say

San Francisco Fed President Mary Daly, whose district saw the second-largest bank failure in U.S. history and who has become a target of criticism, would not have typically been a key player in Silicon Valley Bank’s supervision, several former and current fed officials told CNBC. A highly centralized design to …

Read More »

Elizabeth Warren wants to make banking boring again

Sen. Elizabeth Warren wants banking to be “boring” again following the failures of Silicon Valley Bank and Signature Bank. “What I want to do is get banking back where it ought to be, and that is boring,” Warren, D-Mass., said on CNBC’s “Squawk on the Street” Friday morning. “Banking is …

Read More »

It’s the U.S., not Europe’s banking system that’s a concern, top economists say

A cargo barge on the River Rhine near the European Central Bank (ECB) headquarters at sunset in the financial district in Frankfurt, Germany, Bloomberg | Bloomberg | Getty Images Europe learned its lessons after the financial crisis and is now in a strong position to weather further stress in its …

Read More »

Signal President Meredith Whittaker learned what not to do from Google

Meredith Whittaker, a former Google Manager who is now president at Signal.(Florian Hetz for The Washington Post via Getty Images) Florian Hetzt | The Washington Post | Getty Images Meredith Whittaker took a top role at the Signal Foundation last year, moving into the nonprofit world after a career in …

Read More »

Core PCE up 0.3%, less than expected

An inflation gauge the Federal Reserve follows closely rose slightly less than anticipated in February, providing some hope that interest rate hikes are helping ease price increases. The personal consumption expenditures price index excluding food and energy increased 0.3% for the month, the Commerce Department reported Friday. That was below …

Read More »

EV tax credit rules get more complicated

Ben Hasty | MediaNews Group/Reading Eagle via Getty Images The Treasury Department on Friday proposed new rules for determining which EVs will be eligible for tax credits under the new “critical mineral” and battery component requirements included in last year’s Inflation Reduction Act. While the Treasury Department hasn’t yet said …

Read More »

TikTok, ByteDance spent millions on lobbying Congress

TikTok Chief Executive Shou Zi Chew looks on as he testifies before a House Energy and Commerce Committee hearing entitled “TikTok: How Congress can Safeguard American Data Privacy and Protect Children from Online Harms,” as lawmakers scrutinize the Chinese-owned video-sharing app, on Capitol Hill in Washington, March 23, 2023. Evelyn …

Read More »

You can still open and fund a Solo 401(k) plan before the tax deadline

Marko Geber | DigitalVision | Getty Images If you’re a freelancer or contract worker, there are still ways to lower your 2022 tax bill — including contributions to a retirement plan improved by legislation passed in December. One of the provisions from Secure 2.0 included a change to solo 401(k) …

Read More »