Rep. Sean Patrick Maloney, D-N.Y., stands silently during a press conference on the Inflation Reduction Act at Glynwood Boat House in Cold Spring, New York, Aug. 17, 2022.Michael M. Santiago | Getty ImagesWASHINGTON — The Treasury Department on Wednesday announced that billions of dollars slated for investments in clean energy, electric vehicles and batteries under the Inflation Reduction Act will go to relatively underserved communities throughout the country.The announcement comes as the IRA, the Biden administration’s landmark law targeting manufacturing, infrastructure and climate change, turns one year old. The more than $500 billion in announced investments, $200 billion of which…
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U.S. President Joe Biden gives a fist bump salute to the audience during an event to celebrate the anniversary of his signing of the 2022 Inflation Reduction Act legislation, in the East Room of the White House in Washington, August 16, 2023.Kevin Lamarque | ReutersWASHINGTON — President Joe Biden celebrated the one year anniversary of the signing of the Inflation Reduction Act, arguing that the bill had done what it was intended to, namely, reduce inflation.”When the Inflation Reduction Act was passed a year ago today inflation was at 8.3%,” Biden said at a White House event. “It’s now down to…
A screen shows the already imprisoned Russian opposition figure Alexei Navalny (2L) as he listens to his verdict over a series of extremism charges at the IK-6 penal colony, a maximum-security prison some 250 kilometres (155 miles) east of Moscow, in the settlement of Melekhovo in the Vladimir region on August 4, 2023.Alexander Nemenov | Afp | Getty ImagesWASHINGTON — The Treasury Department on Thursday issued new sanctions against Russian security operatives for the 2020 poisoning of Russian opposition leader Alexei Navalny.Treasury targeted four actors in the assassination attempt, which occurred shortly before Navalny flew back to Moscow after campaigning…
In this articleMATWBDFollow your favorite stocksCREATE FREE ACCOUNTA scene from the “Barbie” movie.Courtesy: Warner Bros.This Barbie is a box office queen. He’s just Batman.On Tuesday “Barbie” topped $537 million, making it the highest-grossing domestic movie in Warner Bros. Discovery’s 100-year history. The film surpassed Christopher Nolan’s “The Dark Knight,” which generated $536 million in 2008, for the title.The bubblegum pink collaboration between filmmaker Greta Gerwig, Mattel and Warner Bros. has collected more than $1.2 billion at the global box office since its July 21 release.It is the first billion-dollar film for the newly minted Warner Bros. Discovery, the result of…
In this articleTGTFollow your favorite stocksCREATE FREE ACCOUNTSignage for Target Corp.’s “#TakePride” initiative sits above products displayed for sale at a company store in Chicago, Illinois.Christopher Dilts | Bloomberg | Getty ImagesTarget CEO Brian Cornell said “negative reaction” to the retailer’s Pride merchandise hurt sales and contributed to the disappointing quarterly results that the company reported Wednesday.But Cornell stood by the decisions both to celebrate Pride month and to take some items off of shelves or move them to other places in the store after customer backlash. He said the company saw behavior by some shoppers in June that “caused…
In this articleNOVO.B-DKFollow your favorite stocksCREATE FREE ACCOUNTA selection of injector pens for the Wegovy weight loss drug are shown in this photo illustration in Chicago, Illinois, March 31, 2023.Jim Vondruska | ReutersNovo Nordisk’s blockbuster weight loss injection Wegovy could prevent up to 1.5 million heart attacks, strokes and other cardiovascular events in the U.S. over 10 years, according to a study released this week. Researchers from the University of California, Irvine, also found that Wegovy could result in 43 million fewer Americans with obesity over a decade. Notably, the study was partly funded by Novo Nordisk. The study results complement the…
In this articleAMZNFollow your favorite stocksCREATE FREE ACCOUNTSource: Blue Shield of CaliforniaBlue Shield of California is teaming up with Mark Cuban’s Cost Plus Drug Company and Amazon Pharmacy — turning away from traditional drug store chains and ditching in part health giant CVS — in a move to save on drug costs for its 4.8 million members.The CEO of the nonprofit health insurer, which spent over $3 billion on member prescriptions in 2022, calls the move a major milestone in its efforts to move toward a value-based model for pharmacy care.”I expect we’re going to — when this ramps up…
Bed Bath & Beyond and Buy Buy Baby signage is displayed outside of store in Los Angeles.Patrick T. Fallon | Bloomberg | Getty ImagesBed Bath & Beyond may never return to its brick-and-mortar heyday, but the doors at former corporate siblings Buy Buy Baby and Harmon are set to reopen, CNBC has learned. The group that bought Buy Buy Baby’s intellectual property at a bankruptcy-run auction in June, the owners of baby goods retailer Dream on Me, plans to reopen 11 stores in the Northeast as soon as this fall, Dream on Me’s chief marketing officer, Avish Dahiya, told CNBC. But the…
In this articleSBGIFollow your favorite stocksCREATE FREE ACCOUNTThe Ohio Cup Trophy on top of a Bally Sports logo prior to a game between the Cincinnati Reds and Cleveland Guardians at Progressive Field in Cleveland, May 17, 2022.George Kubas | Diamond Images | Getty ImagesThe courtroom continues to heat up for Diamond Sports Group, the largest owner of regional sports networks.On Thursday, Diamond will ask a bankruptcy judge for permission to appoint mediators as it is negotiates with creditors to reach a reorganization plan. The company said in court papers it needs to meet “substantial plan progress” ahead of the start…
In this articleWMTFollow your favorite stocksCREATE FREE ACCOUNTAtchison, Kansas. Walmart store logo with gardening products for sale. (Photo by: Michael Siluk/UCG/Universal Images Group via Getty Images)Ucg | Universal Images Group | Getty ImagesWalmart will report fiscal second-quarter earnings before the bell on Thursday, as the discounter tries to capitalize on customers hungry for lower prices.Here’s what analysts expect from the company for the three-month period, according to consensus estimates from Refinitiv:Earnings: $1.71 per shareRevenue: $160.27 billionInvestors have high hopes for the big-box retailer this quarter. Unlike Target and Macy’s, Walmart is better insulated from consumers’ changing tastes and reactions to…
NewsChvrches to Reissue Debut Album for 10th Anniversary, Share New Song: Listen“Manhattan” is among the previously unreleased songs from the 2013 album’s original recording sessions included in the new anniversary editionBy Matthew Ismael RuizAugust 16, 2023FacebookTwitterChvrches, 2013 (Eliot Lee Hazel)FacebookTwitterChvrches have announced a 10th-anniversary edition of their debut LP, The Bones of What You Believe, with a previously unreleased song called “Manhattan.” The new edition is out October 13 via Glassnote. It features five live recordings, as well four previously unreleased songs from the album’s original recording sessions, including “Manhattan.” Check out the newly released track below.Of the new song,…
NewsJerry Moss, A&M Records Co-Founder, Dies at 88The storied label boss signed acts such as the Police, Janet Jackson, Soundgarden, Sheryl Crow, and many moreBy Matthew Ismael RuizAugust 17, 2023FacebookTwitterJerry Moss in Los Angeles, California, 1986. (Photo by Lester Cohen/Getty Images)FacebookTwitterJerry Moss, the longtime record executive who co-founded A&M Records with Herb Alpert, died Wednesday at his home in Bel Air, California, the Associated Press reports. He was 88. Under Moss and Alpert, A&M put out records by Carole King, the Carpenters, the Police, Cat Stevens, Janet Jackson, Soundgarden, Alpert himself, and many, many more. Moss and Alpert were inducted into…
NewsThe National Share New Songs “Space Invader” and “Alphabet City”: ListenTheir first songs since April’s First Two Pages of FrankensteinBy Jazz MonroeAugust 17, 2023FacebookTwitterThe National (Larry Busacca for The Washington Post via Getty Images)FacebookTwitterThe National are back with a pair of songs, “Space Invader” and “Alphabet City,” which you can hear below. They’re the band’s first songs since First Two Pages of Frankenstein, the album they released in April. They come with visuals drawn and animated by Pauline de Lassus, aka National collaborator Mina Tindle.The National will host their 2023 Homecoming Festival next month, headlining a bill that features Patti…
NewsBat for Lashes Launches Her Own Oracle Card Deck, MotherwitchNatasha Khan designed and illustrated the Tarot-style deck to “support the creative process and the elevation of spirit through ritual practices”By Jazz MonroeAugust 17, 2023FacebookTwitterBat for Lashes, photo by Flora MacleanFacebookTwitterNatasha Khan, aka Bat for Lashes, has designed and illustrated her own Tarot-style oracle card deck called Motherwitch. Khan conceived the 40-card deck, and wrote the accompanying guidebook, as a storytelling device and creative prompt, using “original female archetypes, visual symbols and an abstract spiritualist painters’ colour palette,” according to the product description.Khan said in a statement, “In these times of…
NewsTalking Heads to Regroup for Spike Lee Q&A at TIFF, Share Trailer for Stop Making Sense Restoration: WatchA24’s 40th-anniversary release of the Jonathan Demme classic will screen globally on IMAX, followed by the Q&ABy Jazz MonroeAugust 17, 2023FacebookTwitterTalking Heads’ David Byrne in Stop Making Sense (courtesy of TCB PR)FacebookTwitterTalking Heads will regroup at the Toronto International Film Festival (TIFF) on Monday, September 11, for a Q&A with Spike Lee, taking place immediately after the premiere of A24’s Stop Making Sense restoration. The re-release celebrates the Jonathan Demme classic’s 40th anniversary (ish—it came out in 1984 after being shot in 1983).…
NewsJoni Mitchell Announces New Rarities Album, Shares Early Court and Spark Demo: ListenArchives, Vol. 3: The Asylum Years (1972-1975) features demos, alternate versions, and historical performancesBy Matthew Ismael RuizAugust 17, 2023FacebookTwitterJoni Mitchell, 1972 (Gijsbert Hanekroot/Redferns)FacebookTwitterJoni Mitchell is continuing her series of archival releases with Archives, Vol. 3: The Asylum Years (1972-1975), which is out October 6 via Rhino. The collection features early demos and alternate versions of tracks from the sessions for 1972’s For the Roses, 1974’s Court and Spark, and 1975’s The Hissing of Summer Lawns; several live recordings, including a 1972 performance at Carnegie Hall; and tracks from…
NewsGreen Day to Reissue Dookie for 30th AnniversaryThe new box set features the original 1994 album, demos, outtakes, and live recordingsBy Matthew StraussAugust 17, 2023FacebookTwitterGreen Day, photo by Ken SchlesFacebookTwitterGreen Day are reissuing Dookie ahead of its 30th anniversary. The new edition—out September 29—includes the original album, demos, outtakes, and live recordings. The live tracks come from the band’s Woodstock ’94 set and a show in Barcelona from June 1994.Green Day released Dookie on Tuesday, February 1, 1994, via Reprise. The band’s major-label debut, it reached No. 2 on the Billboard 200 and included the hit singles “Basket Case” and…
NewsHum Reissuing Four Albums on VinylThe Illinois shoegaze group will reissue the 1990s LPs Electra 2000, You’d Prefer an Astronaut, and Downward Is Heavenward, plus 2020’s InletBy Jazz MonroeAugust 17, 2023FacebookTwitterArtwork courtesy of Polyvinyl Record Co.FacebookTwitterHum are reissuing four of their albums on vinyl: 1993’s Electra 2000, 1995’s You’d Prefer an Astronaut, 1998’s Downward Is Heavenward, and 2020’s Inlet. The reissues are out December 8 via the band’s label Earth Analog, with distribution through Polyvinyl.Hum said in a press release, “On a personal note, we remain grateful and humbled by the ongoing interest in our music from fans old and…