Finance

New York Leads the Way in Energy-Efficient Home Upgrades: A Deep Dive into the Inflation Reduction Act’s Rebate Program As part of the federal Inflation Reduction Act (IRA), New York has launched a groundbreaking initiative offering homeowners substantial rebates—up to $14,000—for making energy-efficient upgrades to their properties. This move aligns with the largest climate legislation
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The recent data from the U.S. Bureau of Labor Statistics (BLS) shows a positive trend in the real earnings growth of American workers. From May 2023 to May 2024, the average worker in the private sector experienced a 0.8% increase in their real hourly earnings. This increase indicates that after adjusting for inflation, workers are
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Starboard Value, led by Jeff Smith, recently acquired a significant stake in graphics-design firm Autodesk. The activist fund is valued at around $500 million and has expressed serious concerns regarding the company’s disclosures in the aftermath of an internal investigation which led to the removal of its chief financial officer. Starboard’s focus on the technology
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Berkshire Hathaway, under the guidance of Warren Buffett and the late Charlie Munger, has been steadily reducing its massive stake in China’s leading electric vehicle manufacturer, BYD. The conglomerate recently sold an additional 1.3 million shares of BYD on the Hong Kong stock exchange, amounting to $39.8 million. This move decreased Berkshire’s ownership from 7%
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In a market where concentration risk is a growing concern for investors, exploring value-oriented investments can be a prudent strategy. Diversifying beyond traditional index funds like the S&P 500 may offer unique opportunities for long-term returns. Phil McInnis, the chief investment strategist at Avantis Investors, advocates for a more diversified approach that focuses on companies
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In a time when financial technology investments are facing a downturn, CleverCards, a Dublin-based startup, has managed to secure an impressive 8 million euros in funding. This innovative company leverages technology to combat employee misuse of corporate expenses, offering a digital platform connected to customizable expense cards. The need for such a solution stems from
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The financial technology sector has undergone a significant transformation in recent years, with industry executives and investors indicating that the industry has reached a “bottom.” Valuations have corrected from unsustainable highs seen in 2020 and 2021, signaling a shift towards a more stable market. Companies are now required to prove solid use cases and business
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