Share to Twitter Share to Linkedin Drivers across the United States are suffering unprecedented pain at the pump, with national average prices spiking above $5 per gallon . Fortunately an inflation-busting option is ready to go – modeling shows electric vehicles save drivers thousands per year compared to internal combustion engines in most states. But these consumer-protection economics hinge upon the U.S. Senate passing legislation that has languished for months after passing the House of Representatives. The existing $7,500 federal EV tax credit cap of 200,000 vehicles sold has been surpassed by GM and Tesla TSLA while Ford, Nissan, and Toyota will likely exceed it this year. Without those extremely valuable incentives, EVs and billions in annual savings will slip out of reach for many families. If the Senate passes reconciliation legislation extending the EV tax credit cap for automakers and increases the federal tax credit to $10,000, it will … [Read more...] about Americans Are Suffering Record Pain At The Pump. Will Congress Provide Electric Vehicle Relief?
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Bruised US stock investors brace for more pain in 2H22
- A + A NEW YORK (June 25): With US stocks on track to mark their worst first half of the year in more than 50 years, investors are studying a range of metrics to determine whether the coming months could bring relief or more of the same. By any stretch, the first half of 2022 (1H22) has been a challenging one for investors. The S&P 500 is down around 18% year-to-date, on track for its worst first half of any year since 1970, according to S&P Dow Jones Indices, as the US Federal Reserve (Fed) tightens monetary policy in its fight against the highest inflation in decades. Bonds, which investors typically count on to counterbalance stock declines in their portfolios, have fared little better: The US bond market, as measured by the Vanguard Total Bond Market Index fund, is down 10.8% for the year to date, putting it on pace for its worst performance in modern history. With investor expectations fluctuating between continued high inflation and an economic … [Read more...] about Bruised US stock investors brace for more pain in 2H22
Time for Malaysians to feel good at spa and massage centres
It has been almost a year since Doris Kwan last stepped into a spa centre. Before the pandemic, the housewife from Selangor would regularly go for traditional Thai massages to help alleviate muscle aches and headaches. “When I step into a spa centre, I can immediately feel my mind being put at ease,” she said. Kwan, who is in her late fifties, added that she enjoys the relaxing ambiance that is created through scent, music and water features at the venue. According to Kwan, the soothing music at spa centres transports her to a different location. “Sometimes I feel like I’m inside a forest or at a riverside. I really feel a sense of freedom from my daily stress,” she said. Kwan, who usually frequents spas with her husband, shared that going for a spa treatment allows her to have quality time with her spouse. Spas, wellness centres and massage centres are allowed to reopen after braving a long closure period. - Filepic Kwan is certainly looking forward to her next rest … [Read more...] about Time for Malaysians to feel good at spa and massage centres
The Best Office Chairs To Support You While You Work
Share to Twitter Share to Linkedin The perfect desk chair for you is one that you don’t really notice during your workday, whether you’re working from home or in the office. Instead, it allows you to be productive and feel supported while you go about your tasks, wrapping up the day in comfort—not with back or neck pain. The best office chairs are designed with ergonomic features so you can stay comfortable, even when you have to be seated for long stretches. “The main features of ergonomic chairs are that they are supportive , highly adjustable and comfortable,” says Dr. Rahul Shah , a board-certified orthopedic spine and neck surgeon based in southern New Jersey. In a perfect world, you’d be able to customize the height and angle of your chair to find the position that’s just right for you. If you’re on a tight budget, though, you at least want a chair that allows you to adjust the arm support and height. To compile our list of the best office … [Read more...] about The Best Office Chairs To Support You While You Work
Keeping active even with osteoporosis
Dear Mayo Clinic: My 70-year-old mother is an active person. She enjoys being outdoors, hiking and boating, and regularly playing tennis with a group of other women. Recently, she was diagnosed with osteoporosis and is worried about maintaining her active lifestyle for fear of injury. Can she continue to exercise? If so, which types of exercises will be best for her? Congratulations to your mother for remaining active as she ages. Exercise is an important part of healthy ageing, but particularly so in the presence of osteoporosis. Many women erroneously believe that exercise will lead to a fracture. Certainly, while a bone-weakening disorder like osteoporosis often results in fractures in the hip and spine – which can severely impair your mobility and independence – regular physical activity can protect the bones. Overall, the benefits of exercise for postmenopausal women are significant. Regular physical activity can: Increase muscle strength. Improve balance and … [Read more...] about Keeping active even with osteoporosis
World’s bubbliest housing markets are flashing warning signs
- A + A HONG KONG (June 22): A world economy already contending with raging inflation, stock-market turmoil and a grueling war is facing yet another threat: the unraveling of a massive housing boom. As central banks around the globe rapidly increase interest rates, soaring borrowing costs mean people who were already stretching to buy property are finally reaching their limits. The effects are being seen in countries such as Canada, the US and New Zealand, where once-hot residential real estate markets have suddenly turned cold. It’s a sharp reversal from years of surging prices fueled by rock-bottom mortgage rates and government stimulus, along with a pandemic that popularized remote work and sent homebuyers on the hunt for bigger spaces. An analysis by Bloomberg Economics shows that 19 OECD countries have combined price-to-rent and home price-to-income ratios that are higher today than they were ahead of the 2008 financial crisis — an indication that prices have … [Read more...] about World’s bubbliest housing markets are flashing warning signs
Germany triggers gas alarm stage, accuses Russia of ‘economic attack’
BERLIN (Reuters) - Germany triggered the "alarm stage" of its emergency gas plan on Thursday in response to falling Russian supplies but stopped short of allowing utilities to pass on soaring energy costs to customers in Europe's largest economy. The measure is the latest escalation in a standoff between Europe and Moscow since the Russian invasion of Ukraine that has exposed the bloc's dependence on Russian gas supplies and sparked a frantic search for alternative energy sources. The decision, announced by the economy minister, marks a stark shift especially for Germany, which has cultivated strong energy ties with Moscow stretching back to the Cold War. Lower gas flows sparked warnings this week that Germany could fall into recession if Russia supplies halted altogether. S&P Global's flash Purchasing Managers' Index (PMI) on Thursday showed the economy losing momentum in the second quarter. "We must not fool ourselves: The cut in gas supplies is an economic attack on … [Read more...] about Germany triggers gas alarm stage, accuses Russia of ‘economic attack’
General Motors Stock Could Bounce 30% in Coming Weeks
General Motors Company ( GM ) stock has been battered and bruised by the recent market swoon, dropping more than 30% in just four weeks. Fortunately for market players, the decline has reached a zone of strong support , completing a bullish trade set-up that could yield upside of 30%-plus in coming weeks. Just keep in mind that this is not a long-term bottom call because the stock has been trending lower since October 2017 and could easily post new lows for the rest of 2020. Major declines rarely move in straight lines because short squeezes and dip buying generate sizeable counter-waves that yield impressive profits for well-timed long positions. Vertical downdrafts are especially vulnerable to high-percentage counter-waves because they set off oversold buying signals, attracting market timers and other technicians. These bounces can produce even stronger upside when they start at major support levels like GM's closing print on Monday. GM Long-Term Chart (2010 – 2020) … [Read more...] about General Motors Stock Could Bounce 30% in Coming Weeks
American Express Stock Could Offer Profitable Short Sales
Dow component American Express Company ( AXP ) has rallied more than 35 points off March's three-year low in the $60s but faces major headwinds in coming quarters, raising the potential for profitable short sales . That downside could unfold before the end of the second quarter because weekly relative strength readings are probing overbought levels even though the three-month uptick has failed to dislodge highly bearish monthly readings. Rivals Mastercard Incorporated ( MA ) and Visa Inc. ( V ) are better positioned to survive and prosper in coming years, with robust digital payment systems that have become even more attractive due to the worldwide pandemic. Meanwhile, American Express remains highly dependent on business travel, which may never return to pre-pandemic levels because many corporations are adapting quickly to the virtual meeting world. Of course, other travel-oriented companies have taken a beating so far in 2020, with plummeting revenues and transactions … [Read more...] about American Express Stock Could Offer Profitable Short Sales
The Must-Read Rules Of Student Loan Refinancing
Share to Twitter Share to Linkedin College may be an important first step into many profitable careers, but the growing costs of higher education can make you wonder if it’s worth the investment. You could go with the status quo and leave school with an average student loan debt of around $29,900 according to recent statistics , but you could also enter a profitable trade and potentially get paid while you complete an apprenticeship. There’s also the option to attend a community college or start a business instead, but I digress. These days, it’s all about attending college without a concrete plan then figuring out your next steps after you’ve racked up considerable student loan debt. But since student loan debt can almost never be discharged in bankruptcy, you really have few options to consider other than getting on a government-backed repayment plan or refinancing your loans so you can score a lower monthly payment, a lower interest rate, or both. … [Read more...] about The Must-Read Rules Of Student Loan Refinancing