Mon. Tim Scott (R-SC) is asking the Biden administration to delay new energy standards for mobile homes set to go into effect at the end of next month. In a new letter to Energy Secretary Jennifer Granholm given exclusively to Yahoo Finance, Scott said “this costly and misguided regulation” will squeeze low-income Americans who will…
Category: Finance
Stocks sink, yields tumble, oil prices steady: Stock market news today
US stocks sank and oil prices held steady Tuesday as new data showed fresh signs of labor market cooling and declining factory orders from businesses. The S&P 500 (^GSPC) decreased nearly 0.6%, and the Dow Jones Industrial Average (^DJI) slipped around the same amount. The technology-heavy Nasdaq Composite (^IXIC) 0.5% slides. Oil prices steady, with…
RBC helped arrange US$5.4B of ‘sustainability-linked’ financing for coal mine operator – National
Royal Bank of Canada is one of many global lenders who want to show that being green isn’t only about the color of money, but recent revelations about its investment in fossil fuel companies call into question its climate-action bona fides. Global News has learned — from financial data firm Refintiv — that those arrangements…
Should You Be Concerned About Arsenic in Rice?
Arsenic-based pesticides have been used in agricultural practices for many years, and, accordingly, soils and groundwater in the US are contaminated with varying levels of arsenic. Because arsenic exists in soil and water, it finds its way into our food supply. And nearly all foods contain some level of arsenic. What Foods Have the Most…
ChatGPT will quickly handle at least half of the tasks of financial investment jobs, researchers predict
good morning, The debate continues on whether generative AI large language models (LLMs) like ChatGPT, designed to understand and generate human-like text, will impact the future of work, including finance. Researchers at OpenAI, the company that launched ChatGPT, and the University of Pennsylvania released a working paper last week titled, “GPTs are GPTs: An Early…
Stellantis Says Auto Loans Are Getting Longer as Demand Remains High
Side view of a Jeep Renegade in a dealership lot Stellantis has also noticed that average new vehicle financing terms are getting longer, GM’s electric cargo vans are proving somewhat popular, and a never-ending tire trade secret scandal has swung back in Goodyear’s favour. All that and more in this edition of The Morning Shift…
You’re Right, It Is Very Expensive to Finance a Car These Days
Average new-car prices aren’t getting any more reasonable, and if you’re someone who finances their vehicle, you’re probably wondering where all the money’s going. The average APR for new vehicles financed in March was 7 percent, helping create a market where the average payment for a new car is, gulp, $730. That’s bad, but the…
NYPD Can ‘Probably Solve a Bunch of Cold Cases’ (Video)
Twice-impeached former president Donald Trump faces his arrangement on Tuesday, and when he arrives at the police station, he will reportedly have to provide a DNA sample. And once the NYPD did that, Roy Wood Jr. suspects a handful of other cases might get solved. Wood kicked off his week of guest hosting “The Daily…