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Doing the Math on the Inflation Reduction Act

The bill involves at least $260 billion in spending over 10 years, with a focus on energy and climate, but it would raise taxes by more than that, a congressional analysis found....

The Crypto Market Crashed. They’re Still Buying Bitcoin.

Hard-core Bitcoin evangelists are making the case that Bitcoin differs from the unstable crypto projects that sent the market into a tailspin.  » mehr lesen

A Fed Pivot? Not Yet, Policymakers Suggest, as Rapid Inflation Lingers.

Stocks rose after the Federal Reserve’s recent meeting, with investors hoping the central bank would dial back rate increases. Not so soon, officials indicated on Tuesday.  » mehr lesen

New York Times Names Matt Purdy Editor at Large

He has helped guide many of the newsroom’s most ambitious projects in recent years.  » mehr lesen

Forbes Explores Sale After SPAC Deal Collapses

Forbes has tapped Citigroup to sell at a price of at least the $630 million valuation declared in its earlier plan to go public.  » mehr lesen

Profits Slump at CNN as Ratings Plummet

The network is on a pace to drop below $1 billion in profit for the first time in years, according to people familiar with its operations, amid steep declines in TV viewership....

Job Openings Fell in June, Suggesting That the Labor Market Is Cooling

Employers appear to be responding to rising interest rates and a slowing economy by reducing open positions.  » mehr lesen

BP Triples Profit, Earning $8.5 Billion Windfall

The company’s $8.5 billion profit beat expectations, rounding out a series of bumper reports by the biggest Western oil companies.  » mehr lesen

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