96 higher house close

President Joe Biden took to Twitter Monday to promote his administration’s new electric vehicle tax credits, posing in a car which is responsible for more greenhouse gas emissions on average than smaller gas-powered cars. Roughly 60% of power generated in the U.S. is generated by burning fossil fuels, the Hummer EV Pickup that Biden was photographed in is responsible for, on average, 341 grams of carbon dioxide per mile, according to the American Council for an Energy Efficient Economy (ACEEE). However, the Hummer EV Pickup is responsible for roughly 50 more grams per mile of carbon dioxide emissions than the Toyota RAV4 SUV and BMW 3 sedan, and roughly 70 grams more than the Toyota Corolla, according to Quartz. The Hummer EV Pickup costs roughly $110,000, well in excess of the $80,000 limit for pickups, SUVs and vans to qualify for the $7,500 tax credit for purchasing an electric vehicle provided by the Inflation Reduction Act , according to the IRS. “President … [Read more...] about Biden Poses In Electric Car That Has A Higher Carbon Footprint Than A Gas-Powered SUV

A screen in Hana Bank's trading room in central Seoul shows stock and foreign exchange markets open on Wednesday. [NEWS1] Seoul shares opened higher Wednesday, tracking overnight gains on Wall Street, with investors paying close attention to the U.S. Federal Reserve's upcoming rate decision. The benchmark Kospi gained 12.43 points, or 0.51 percent, to 2,437.51 points as of 9:15 a.m. The Dow Jones Industrial Average closed the previous session up 1.09 percent, and the tech-heavy Nasdaq Composite advanced 1.67 percent. The Fed is widely expected to raise rates by 0.25 percentage point to a new range of 4.5 percent to 4.75 percent on Wednesday. Investors are hoping for signs of slower policy tightening by the Fed. Chip companies led the overall market gains on hope for an upturn in demand. In Seoul, Samsung Electronics rose 1.64 percent, chipmaker SK hynix grew 2.71 percent, and carmaker Hyundai Motor increased 1.5 percent. Car battery maker LG Energy Solution added 0.19 … [Read more...] about Seoul stocks open higher ahead of Fed meeting

Mass housing developer Ovialand Inc. said sales picked up last year, as it rolled out more projects alongside plans to list on the Philippine Stock Exchange (PSE) despite worries of a slowdown in the property sector. For the full-year 2022, revenues jumped 62 percent to P1.35 billion compared to P833 million in the previous year, the company said on Tuesday. “To pursue further growth prospects, we have begun preparatory work for our public listing this year. Indeed, we aim for 2023 to be a period where Ovialand will mark grand, new chapters in its history,” Pammy Olivares-Vital, president and CEO of Ovialand, said in the statement. The developer announced the turnover of 614 house and lot units in 2022—higher by nearly 40 percent from 2021. These were located in Laguna, Quezon and Batangas provinces south of Metro Manila. “Ovialand’s financial results for 2022 reflect the continued demand of a new generation of Filipino homebuyers for our unique products. We are a company … [Read more...] about Mass housing developer Ovialand books sales growth

The overseas Chinese Communist Party (CCP) police station located in New York City has closed, a State Department spokesperson told National Review Monday. America Changle Association, a Manhattan Chinatown organization which claimed to serve overseas Chinese yet reportedly housed a Chinese government police station tied to a Chinese intelligence agency, has recently closed for unknown reasons, according to National Review. The revelation comes a little over two weeks after The New York Times revealed that the FBI raided Changle’s third-floor office last fall, seizing evidence. (RELATED: Dem Rep Who Opposed New China Committee Serves On Non-Profit That Shares Staff With Alleged Chinese Intel Front Groups) Changle’s New York police station was reportedly a branch of an international Chinese police unit specializing in extradition operations, which is headquartered in China’s Fujian province, according to a report from Safeguard Defenders, a human rights group which … [Read more...] about Chinese Police Station In New York Closes After FBI Raid: REPORT

Share to Twitter Share to Linkedin Comets visible to the average stargazer don’t come along too often, which alone makes it worth looking up this week to see the “green comet” C/2022 E3 (ZTF) glide by planet Earth. However, it will almost certainly not be visible to the naked eye—as once hoped— which makes some of the hype surrounding this comet seem unjustified . The photo above? It’s a layered composite image using long exposures. To the unaided—or even the aided—human eye the comet will look nothing like what you see in images on social media. Should you go on a special trip to the countryside in search of dark rural skies? No, you probably should not both. Waxing towards a full Moon on Saturday, our natural satellite in space is already bleaching the night skies. When the Moon is this bright it’s as bad as artifical light pollution for stargazing and comet-hunting. The night sky even many miles from artificial lights will still be … [Read more...] about The Comet Is Now Close But The Moon Is Bright: Why To Use Binoculars And Forget About Dark Skies

Share to Twitter Share to Linkedin Tax Notes Capitol Hill reporter Doug Sword discusses the latest national sales tax proposal in Congress, and contributing editor Robert Goulder shares his thoughts on the challenges of implementing the tax. This transcript has been edited for length and clarity. David D. Stewart: Welcome to the podcast. I'm David Stewart, editor in chief of Tax Notes Today International . This week: supersize sales tax. In the process of organizing the newly elected Congress, proponents of a plan to implement a national sales tax got a commitment to have their plan considered. The so-called fair tax would replace the income tax system and do away with the IRS. Now, this isn't a new proposal, but one that has been given new life. To learn more about it, first we'll hear from Doug Sword, a Tax Notes reporter who's been following this issue in Congress. Later, we'll talk with Tax Notes contributing editor Robert … [Read more...] about A Closer Look At The National Sales Tax Proposal

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × LKP Research's research report on Canara Bank Canara Bank has been reporting consistent growth in net profit since previous ten quarters. In 3QFY23, the profitability increased by 92% YoY and 14% sequentially on the back of lower provisioning expenses. A bulky provision (₹54bn) made in 4QFY20 (two years ago), continued to safeguard the balance sheet from delinquencies out of restructuring with PCR (calculated) of 68.2% and PCR (including TWO) of 86.3%. On asset quality front, the GNPA/ NNPA ratio (5.90%/1.96%) improved by 47bps and 23bps respectively on the back of lower NPA addition of ₹32bn. The slippages ratio (reported) marginally down at 34bps v/s 35bps in the previous quarter. The cumulative SMA1/2 book also eased to 49bps v/s 51bps in 2QFY23. On the business front, the bank has reported … [Read more...] about Buy Canara Bank; target of Rs 349: LKP Research

A screen in Hana Bank's trading room in central Seoul shows the Kospi closing at 2,449.8 points on Wednesday, up 24.72 points, or 1.02 percent, from the previous trading day. [NEWS1] Shares finished higher Wednesday, with investors paying close attention to the U.S. Federal Reserve's upcoming rate decision. The won rose against the dollar. The Kospi added 24.72 points, or 1.02 percent, to close at 2,449.8 points. Trading volume was moderate at about 651 million shares worth some 8.4 trillion won ($6.8 billion), with gainers outnumbering losers 512 to 347. Foreigners bought a net 197 billion won, while institutions sold 196 billion won, and retail investors offloaded 16 billion won. Overnight, the Dow Jones Industrial Average closed the previous session up 1.09 percent, and the tech-heavy Nasdaq Composite advanced 1.67 percent. The Fed is widely expected to raise rates by 0.25 percentage point to a new range of 4.5 percent to 4.75 percent Wednesday. Investors are hoping … [Read more...] about Stocks rise 1% led by tech and auto shares ahead of Fed

Passersby walk by a Samsung Electronics retail shop in Seoul. [News1] Samsung Electronics reported a better-than-expected net profit last year on a one-off that balanced weakness in most businesses. Net profit rose by 39.5 percent on year to 55.7 trillion won in 2022, far exceeding the market consensus of 36.5 trillion won. Operating profit dropped by 16 percent to 43.4 trillion won, falling short of the market consensus of 46.3 trillion won. Sales hit an all-time high of 302.2 trillion won, up 8.09 percent on year, but coming in below the market expectation of 305.5 trillion won. The upbeat net is related to a one-time gain from settlement of tax-related debts. “Following a reform in tax law, we settled deferred tax liabilities for subsidiaries, which resulted in negative expense balances,” explained Ben Suh, executive vice president at Samsung Electronics during a conference call Tuesday. “But this is a one-off gain in the financial statement and this doesn’t necessarily … [Read more...] about Samsung Electronics reports strong 2022 on a one-off gain

Gautam Adani. Most Adani Group shares fell sharply on Monday as the Indian conglomerate's rebuttal of a U.S. short-seller's criticism failed to pacify investors, deepening a market rout that has now led to losses of $65 billion in the group's stock values. Led by Asia's richest man Gautam Adani, the Indian group has locked horns with Hindenburg Research and on Sunday hit back at the short-seller's report of last week that flagged concerns about its debt levels and the use of tax havens. Adani said it complied with all local laws and had made the necessary regulatory disclosures. Adani Transmission, Adani Total Gas, Adani Green Energy, Adani Power and Adani Wilmar fell between 5% and 20% on Monday. Flagship Adani Enterprises (ADEL.NS), which is facing a crucial test this week with a follow-on share offering, swung between gains and losses before settling 4.8% higher. It stayed well below the offer price of the issue, which if successful will be largest such share … [Read more...] about Adani firms lose $65 billion in value as US short-seller battle escalates