New jersey fuel oil prices

After a weekend marathon “vote-a-rama,” the U.S. Senate gaveled through a 50 to 51 party-line vote to approve a monumental piece of legislation: the Inflation Reduction Act—the IRA. While the bill is not yet law, it’s likely that it will be approved by the House and signed by the President within the next few weeks. When it becomes law, the IRA will be the biggest climate legislation in U.S. history. advertisement advertisement The IRA invests $369 billion in climate action, from an expansive system of renewable energy tax credits to targeted investments in climate adaptation, carbon sequestration, and environmental justice efforts. These investments are paid for by $739 billion raised through taxes on large corporations, increased IRS auditing, and new authority for Medicare to negotiate lower drug prices. All in all, the IRA is projected to reduce total U.S. greenhouse gas emissions 40% by 2030, putting the United States back in shooting distance of … [Read more...] about The top 10 takeaways for businesses and financial Institutions about the IRA

- A + A (Aug 15): The world’s third largest economy recovered to its pre-pandemic size in the second quarter, as consumer spending picked up following the end of coronavirus curbs on businesses. Gross domestic product grew at an annualized pace of 2.2% in the second quarter of this year, coming in below the median estimate of 2.6%, Cabinet Office data showed Monday. That lifted the size of the economy to 542.1 trillion yen (US$4.1 trillion), above what it was at the end of 2019. First quarter GDP was revised to an expansion from a prior contraction. “The economy managed to return to its pre-pandemic size, but its recovery pace has been slower than other nations,” said economist Takeshi Minami at Norinchukin Research Institute. “I expect growth to continue in the third quarter too, but it will likely be losing momentum down the road.” The end of pandemic restrictions on businesses in late March helped spur the economy. Consumer spending, which accounts for more than … [Read more...] about Japan’s economy recovers pre-pandemic size on consumption gain

- A + A SYDNEY (Aug 15): Asian shares inched higher on Monday with investors anxious to see if Wall Street can sustain its rally as hopes U.S. inflation has peaked will be tested by likely hawkish commentary from the Federal Reserve this week. "The FOMC Minutes on Wednesday should reinforce the hawkish tones from recent Fed speakers of being nowhere near being done on rates and inflation," warned Tapas Strickland, a director of economics at NAB. Markets are still implying around a 50% chance the Fed will hike by 75 basis points in September and that rates will rise to around 3.50-3.75% by the end of the year. Hopes for a soft economic landing will also get a health check from U.S. retail sales data that is expected to show a sharp slowdown in spending in July. There is also a risk earnings from major retailers, including Walmart and Target, could be laced with warnings about a downturn in demand. Asian markets have to navigate data on China's retail sales and … [Read more...] about Asia shares edge higher, wary of Fed words

ANOTHER INFLATION EXPLOSION… CNBC: Inflation rose 9.1% in June, even more than expected, as price pressures intensify Shoppers paid sharply higher prices for a variety of goods in June as inflation kept its hold on a slowing U.S. economy, the Bureau of Labor Statistics reported Wednesday. The consumer price index, a broad measure of everyday goods and services, soared 9.1% from a year ago, above the 8.8% Dow Jones estimate. That marked another month of the fastest pace for inflation going back to December 1981. Excluding volatile food and energy prices, so-called core CPI increased 5.9%, compared to the 5.7% estimate. On a monthly basis, headline CPI rose 1.3% and core CPI was up 0.7%, compared to respective estimates of 1.1% and 0.5%. Taken together, the numbers seemed to counter the narrative that inflation may be peaking, as the gains were based across a variety of categories. WHITE HOUSE REACTION: DON’T BELIEVE YOUR EYES… ADMIN WILL KEEP SELLING OFF OUR … [Read more...] about Editors Daily Rundown: Another Inflation Explosion

Share to Twitter Share to Linkedin Head of Product L-Charge –the developer of grid-independent ultra-fast charging solutions that work on clean fuels. Even though the discussion about the benefits of electric transport is more than a decade old, the proportion of electric vehicles in the global corporate fleet is still surprisingly small. According to the IEA's Global Electric Vehicle Outlook 2022 , electric light commercial vehicles (LCVs) make up just 2% of the global fleet of this kind. Fully electric vehicles make up 4% of the global fleet of buses and 0.1% of heavy-duty trucks. The LCV share barely exceeds 12%, even in advanced markets. As head of product for an EV charging solution developer, and having done my share of research on the global market, I find the reason for this modest penetration to be the poor infrastructure and services supporting the commercial EV market–charging, support infrastructure and service businesses. Why … [Read more...] about Overcoming Infrastructure Obstacles For An All-Electric Fleet

Share to Twitter Share to Linkedin The Toyota Supra is a car from all over the world. Without making any bad references to old music, the Supra is Miss Worldwide. Now in its fifth generation, the Supra is designed by Japanese engineers but shares most of its underpinnings with BMW’s Z4. Available in two engine configurations, the 2-liter inline-4 and 3-liter turbocharged 6-cylinder. The 2-liter Toyota is less powerful, less feature-packed and obviously less expensive than its 3-liter counterpart, but doesn’t lack the same spirit of the iconic model and still manages to check several boxes. The Supra has been almost 7 years in the making, and it took 21 years after its last official appearance to show up on the street again. We’ve seen it for the first time as the 2014 FT-1 Concept that stirred the pot constantly and generated a lot of controversy. Many rumors revolved around what was to become the new Supra. The name still rings well in people’s … [Read more...] about 2022 Toyota Supra: The 2-Liter Is Fully Passionate

The debate over remote work rages on . At the heart of the issue is collaboration and, by extension, creativity, and innovation. How well can teammates really work together when they're not in the same building? Don't we need that intense level of interaction to spark new ideas? Surely, teams are more effective when they're sitting side by side... aren't they? This is what we heard from Yahoo and Best Buy when they banned remote work in 2013, and what we heard from Reddit and other major players as recently as a few months ago. It's absolutely true that bringing people together builds relationships faster and more deeply than distributing team members across locations. It's also right for companies to consider the specific work being done, and adopt the best approach to doing it. There's just one problem: the underlying rationale. Disallowing full-time remote work in the name of collaboration or innovation is fundamentally flawed (if well-intentioned). … [Read more...] about Why Ending Remote Work in the Name of Collaboration Is B.S.

Out of the more than 80 million single-family homes in the U.S., roughly 1,000 have geothermal heat pumps from Dandelion Energy , a startup that spun out of Google. (Another 1,200 have the heat pumps on order.) But it’s likely that number will grow quickly—and that the company will expand out of the Northeast, the only region where it operates so far—thanks to the support for climate tech in the Inflation Reduction Act . advertisement advertisement It’s one of hundreds of companies working on climate solutions that will be boosted by the massive new climate bill, which includes $369 billion in funding for everything from solar power and electric buses to grants to help retrofit homes. “The bill is just a monumental accelerator for a whole host of technologies that serve to decarbonize one sector or another,” says Shayle Kann, a partner at the venture capital firm Energy Impact Partners . “It basically does that by making clean options cheaper … [Read more...] about How the Inflation Reduction Act will supercharge climate tech startups

Share to Twitter Share to Linkedin Tom Wilde is the CEO of Indico Data , an unstructured data platform. Having now lived and managed through three key market resets, including the dot-com crash, the recession of 2008 and the stock market reset of early this year, I’ve found several takeaways as a CEO of early-stage companies that can be consistently applied. As a CEO, competition is always a major factor, especially in developing market segments or categories. The noise is always extremely high as funding flows in to try and capture the prize when customers start to spend, and the market comes into focus. 1. Money almost never closes a technology or product gap. I’ve seen this pattern over and over again. Technology advantages are hard to come by, but when you have them, they can be magical. But at the same time, you’re always looking over your shoulder, wondering if someone is about to catch up and steal one of your core advantages. Then, it … [Read more...] about Five Lessons From The Great Reset