Latest in Granholm warns that cutting EV tax credits would be ‘ceding’ to China
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Granholm warns that cutting EV tax credits would be ‘ceding’ to China
Energy Secretary Jennifer Granholm warned Friday that President-elect Trump’s reported plans to cut consumer subsidies for electric vehicles (EVs) would benefit China. “You eliminate these credits, ...Politics - The Hill - 4 hours ago -
Trump’s tax plans: $7,500 EV credit likely to get axed, as tariffs spark anxiety
One tax credit that appears on track for elimination is an Inflation Reduction Act provision that can provide up to $7,500 to buyers of electric vehicles.Business - MarketWatch - 3 days ago -
Tesla and Rivian shares were having a good week. Concerns over the future of EV tax credits ended that.
Worries that EV tax credits may go away under the Trump administration hit a fever pitch on Thursday, dragging down the stocks.Business - MarketWatch - Yesterday -
Trump may cede global climate leadership to China
As Republicans eye a red sweep, the U.S. could announce its withdrawal from the Paris Agreement as soon as early 2025 and complete it by beginning of 2026.Business - CNBC - Yesterday -
IMF warns on China's property market worsening as it cuts country's growth outlook
In a report published Tuesday, the IMF trimmed its forecast for growth in China for this year to 4.8%, 0.2 percentage points lower than in its July projection.Business - CNBC - October 23 -
Ryanair warns air travel tax rises mean 10% of its UK flights could be cut
CEO Michael O’Leary says decision to raise passenger duty ‘will deliver cuts, not growth’Business - Financial Times - November 1 -
Hospitality bosses warn Reeves’ UK tax increases will lead to ‘drastic’ job cuts
More than 200 sign letter to chancellor saying rises in national insurance contributions will cause business closuresBusiness - Financial Times - 5 days ago -
Trump Flirts With the Ultimate Tax Cut: No Income Taxes at All
The former president has repeatedly praised a period in American history when there was no income tax, and the country relied on tariffs to fund the government.Business - The New York Times - October 24 -
China to boost lending for stalled property projects to $560bn
Beijing is trying to restore confidence in economy amid prolonged real estate slowdownBusiness - Financial Times - October 17 -
Biden administration expands tax credit for producing solar, wind and battery components
The Biden administration is expanding a federal tax credit that seeks to incentivize domestic production of components for solar and wind energy, as well as batteries. The Treasury Department ...Politics - The Hill - October 24 -
California Governor Proposes $750 Million in Annual Film Tax Credits
Gov. Gavin Newsom wants to more than double the amount the state offers in incentives, which would make its program one of the nation’s most generous.Business - The New York Times - October 27 -
Will Newsom's expanded tax credit program save California's film industry?
Gov. Gavin Newsom unveiled plans over the weekend to raise the cap on California's film and TV tax credit program. Will it save Hollywood from ruin?Entertainment - Los Angeles Times - October 28 -
Electric Vehicle Companies, Battery Makers Urge Trump to Keep Tax Credits
The Trump transition team wants to kill the $7,500 consumer tax credit for electric-vehicle purchases.Business - Inc. - 27 minutes ago -
Here's how Harris and Trump's tax plans would impact your taxes
Harris and Trump both have proposed historically large tax overhauls. Here's what to know.Top stories - CBS News - November 5 -
Trump Keeps Promising New Tax Cuts. Other Republicans Are Wary.
Former President Donald J. Trump’s costly tax agenda undermines the changes he signed into law in 2017. Some Republicans are wary.Business - The New York Times - October 17 -
Tourism hotspot cuts council tax on second homes
Councillors vote to cut council tax premium, six months after a higher rate of 200% was brought in.Top stories - BBC News - October 17 -
Consumer credit posts small increase as Americans cut back on credit-card purchases
The amount of credit U.S. consumers used in September rose a scant 1.4%, but the increase was tied mostly to student loan as Americans scale back on borrowing.Business - MarketWatch - November 7 -
Fed May Cut Rates in Response to Tight Credit Conditions
This week, the central bank will likely announce reduced interest rates as low demand for loans continues.Business - Inc. - November 6 -
Rivian Reassures Investors With Cost Cuts, Green Credit Sales
Despite weak EV demand, the truck maker said it’s on track to make a gross profit in the last three months of the year.Business - Inc. - November 8 -
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Hunt warns that Reeves will ‘trash’ economy with business tax hikes
Shadow chancellor says he rejected Treasury advice to raise employers’ national insurance paymentsWorld - Financial Times - October 22 -
Workers warned Budget tax rises will hit their wages
Economists say tax rises in the Budget will mean employers have less to give as pay rises.Top stories - BBC News - October 31 -
Trump’s shake-up of EV rules would be ‘huge positive’ for Tesla
Ending consumer subsidies for battery-run cars will lead to wider losses at the electric-car maker’s US rivalsBusiness - Financial Times - Yesterday -
GM Cuts 1,000 More Jobs as EV Push Continues
General Motors has cut 1,000 jobs, according to a person familiar with the reductions, marking the latest effort by the automaker to trim costs as it ramps up sales in unprofitable electric vehicles.Business - The Wall Street Journal - 9 hours ago -
US approves lithium project in push to break China’s grip on EV minerals
Biden administration issues rare mine approval for Ioneer site in Nevada and extends tax breaks to companiesBusiness - Financial Times - October 24 -
Mercedes-Benz and Porsche look for cost cuts after China slump hits profits
German carmakers exposed to Asian nation’s economic malaise after benefiting from its booming auto marketBusiness - Financial Times - October 25 -
Porsche AG Sales Fall Amid Slow EV Market, China Woes
Porsche AG posted lower sales and operating profit as it faced challenges in China and a slower-than-expected shift to electric vehicles.Business - The Wall Street Journal - October 25 -
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China’s premier defends free trade on eve of US presidential election
Li Qiang bemoans global rise of protectionism at Shanghai import expo amid escalating tariff brawlWorld - Financial Times - November 5 -
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Trump’s Tariff Plans Would Fuel Inflation, Janet Yellen Will Warn
The Treasury secretary criticized former President Donald J. Trump’s economic proposals in a speech.Business - The New York Times - October 17 -
Lucid’s stock takes a dive after EV maker warns of larger losses
Lucid’s stock took a deep dive in early Thursday trading, after the EV maker called for larger-than-expected operational losses and quarterly revenue that would be slightly ahead of forecasts.Business - MarketWatch - October 17
