The Buffett Indicator surged to 171% as of Friday's close. Buffett suggested in a Fortune article in 2001 that stocks would be fairly valued at a 100% reading, and buying them at the 70% or 80% level would probably work out nicely. However, he warned it would be "playing with fire" to purchase them around the 200% mark.
The Inflation Reduction Act (IRA) is a historic piece of legislation that will provide lower energy costs for businesses in the US. It guarantees energy security and promotes decarbonization initiatives. In simple terms, the legislation allots $369 billion to combat climate change and decarbonize the economy.
There are two tax credits available for businesses and other entities like nonprofits and local and tribal governments that purchase solar energy systems (see the Homeowner’s Guide to the Federal Tax Credit for Solar Photovoltaics for information for individuals).
Toyota’s hybrid models have been extremely successful, so you would think the automaker would be quick to embrace full electrification like some of its competitors. However, the automaker seems to be taking a somewhat controversial approach to EVs, and a leaked dealer document about the brand’s electrification strategy lays out exactly why.
California air regulators approved regulation Friday to ban the sale of traditional combustion trucks – that run of diesel – by 2036 in the state. The rule must now be approved or denied by President Biden's U.S. Environmental Protection Agency. California's vehicle emissions standards are regularly followed by other states.Z-doner
Haven’t you heard? New York is so 2018. At least, that’s the case for the super wealthy. Between 2019 and 2020, the number of New Yorkers earning between $150,000 and $750,000 fell by nearly 6%, according to the New York City Independent Budget Office.Z-doner
America may be called the land of opportunity, but few Americans today really believe they have what it takes to become wealthy. They’ve fallen for the myth that in order to be a millionaire, they need a big income or a rich family. But The National Study of Millionaires by Ramsey Solutions proves that these beliefs about how millionaires got their money are wrong. Flat wrong.