Author: IA PressRoom

USA flag, dollars and inscription inflation reduction act papers.getty This opinion piece puts the transferability component of the Inflation Reduction Act’s (IRA, P.L. 117-169) energy tax credit changes into historical context. A musical accompaniment is necessary to properly set the stage. Since readers probably shouldn’t play YouTube clips at work, we’ll have to rely on memories here. It’s 1924, and a group of young men in white shorts and white shirts embroidered with Union Jacks are running through the surf and getting spattered with mud on an overcast day in the United Kingdom. A synthesizer trumpet sounds, and then the…

Buy Now, Pay Later Is Boosting Sales. But Signs of Users’ Stress Are Emerging Buy now, pay later options have boosted sales for some companies in recent quarters, but growing signs that consumers who tap the no- or low-fee loans are struggling suggest businesses could soon feel a squeeze. Shoppers, who continue spending at a steady clip, are using the BNPL option to delay payment not only on discretionary goods but also to buy necessities like groceries, Adobe Analytics said, with the share of these BNPL orders growing 40% in the first two months of this year compared with a…

Signet Jewelers, one of the world’s largest jewellery retailers, cut its full-year outlook as it blamed a Covid-induced lull in dating and a reduction in discretionary spending for the fall in demand for its engagement rings.The parent company of Zales and Kay Jewelers expects total sales of $7.1bn-$7.3bn in its current fiscal year, compared with previous forecasts of $7.67bn-$7.84bn.Diluted earnings per share are anticipated to be between $9.49 and $10.09, down from $11.07 to $11.59 a share.Engagement rings make up nearly half of Signet’s sales, and the company on Thursday flagged fewer engagements in the latest quarter, saying that the…

© Reuters. FILE PHOTO: Hedge fund manager Crispin Odey sits in a vehicle departing Westminster Magistrates’ Court, after being found not guilty of indecent assault, during a three-day long trial in London, Britain, March 11, 2021. REUTERS/John Sibley By Nell Mackenzie and Kirstin Ridley LONDON (Reuters) -Goldman Sachs, JPMorgan (NYSE:) and Morgan Stanley (NYSE:) are reviewing their prime broking relationships with Odey Asset Management after allegations of sexual misconduct were reported by the Financial Times and Tortoise Media on Thursday, sources familiar with the matter said. The FT reported that 13 women alleged founder and owner Crispin Odey had sexually…

Source: PixabayThe leading Web3 identification project, Ethereum Name Service (ENS), is launching a new domain name extension dubbed .box in September 2023. The lead developer of ENS, Nick Johnson, shared this update on Twitter on June 7 noting that the upcoming development would be the first blockchain-native domain name system (DNS)-routable Top-level Domain (TLD). ENS Is Integrating Blockchain To Web2According to Nick Johnson’s tweet, the proposed .box TLD is a joint venture between the ENS and My.box. The registration for the domain names will follow a similar approach to .eth domains. The upcoming .box TLD is a blockchain-based internet name service enabling Ethereum users…

Over the last year, state legislators concerned about a mental health crisis among the nation’s young people have passed a raft of children’s online safety measures. A new Utah law would require social networks to obtain a parent’s consent before giving an account to a child younger than 18 while a new California law would require many sites to turn on the highest privacy settings for minors.Now Louisiana lawmakers have passed an even broader bill that could affect access to large swaths of the internet for minors in the state.The Louisiana measure would prohibit online services — including social networks,…

TU IS/iStock via Getty Images HashiCorp (NASDAQ:HCP) stock fell ~27% on Thursday after Q1 results and a downgrade by BofA on “disappointing FY24 outlook.” The firm cut HashiCorp’s shares rating to Neutral from Buy and reduced the price target to $30 from $36. BofA analysts said the company reported mixed Q1 results and lowered guidance for fiscal 2024. For FY24, HashiCorp reduced its revenue outlook to be between $564M and $570M, from prior guidance of $591M to $595M provided during Q4 fiscal 2023 results in March; (consensus $575.32M). The analysts said that at mid point, $567M, the outlook was well…

There’s a moment in Tim Alberta’s brutal profile of CNN’s now-former CEO Chris Licht where Licht awkwardly takes a jab at his predecessor Jeff Zucker. Grabbing a long metal pole during a workout with his trainer, Licht says through clenched teeth, “Zucker couldn’t do this shit.” The following Monday, as Licht attempted to quell growing calls for his ouster, Licht told CNN staff: “As I read that article, I found myself thinking, CNN is not about me. I should not be in the news unless it’s taking arrows for you. Your work is what should be written about.”The sense that…

© Reuters. FILE PHOTO: World Bank President Ajay Banga arrives for his first day of work at World Bank headquarters in Washington, U.S. June 2, 2023. REUTERS/Jonathan Ernst By David Lawder WASHINGTON (Reuters) – The World Bank Group’s new president, Ajay Banga, will visit Peru and Jamaica next week, kicking off a months-long global tour aimed at accelerating the global lender’s evolution to tackle the climate crisis and reinvigorate its development mission, the World Bank said on Thursday. Banga, a former Mastercard (NYSE:) CEO who took over his new job on Friday, will visit countries in every region where the…

© Reuters Investing.com — Stocks are rising after higher-than-expected jobless claims ease concerns about another interest rate increase next week. Here are the market movers for June 8. GameStop Corp (NYSE:) shares are down 17% a day after the video game retailer said it had dismissed its CEO and named shareholder Ryan Cohen as executive chairman. Sales in the recent quarter fell 11%. Rent the Runway Inc (NASDAQ:) shares fell 15% after the clothing rental company gave a fiscal second-quarter sales outlook that was lower than expected but a full-year outlook that was roughly in line with expectations.  Adobe Systems…