Automakers warn that most electric vehicles won’t qualify for the federal tax credit

Automakers warn that most electric vehicles won’t qualify for the federal tax credit

But the auto industry warns that the vast majority of electric vehicle purchases won’t qualify for such a large tax credit. This is mainly due to the bill’s requirement that, to qualify for the credit, an electric vehicle must contain a battery built in North America from minerals mined or recycled on the continent. And … Read more

The Fed thinks about the digital dollar to tackle the Chinese e-CNY

The Fed thinks about the digital dollar to tackle the Chinese e-CNY

WASHINGTON – Lawmakers are urging the Federal Reserve to move swiftly towards issuing a digital dollar, to combat the steps of China and others that they believe may one day threaten the status of the United States as a global reserve currency. The bipartisan group of lawmakers, including representatives Maxine Waters and French Hill, sought … Read more

The roaring job market puts “boom inflation” back on the investor map

The roaring job market puts “boom inflation” back on the investor map

Instead, concern has shifted to what a booming labor market and rising costs for everything means for stocks and bond portfolios, particularly if it morphs into a resilient mix of higher growth and inflation. How to call such a scenario? “Boomflation,” said Kent Engelke, chief economic strategist at Capitol Securities Management, indicating that annual wage … Read more

Because US lawmakers want bitcoin and ether to be under the control of the CFTC

Because US lawmakers want bitcoin and ether to be under the control of the CFTC

WASHINGTON – Leaders of a Senate committee will propose legislation that would assign oversight of the two largest cryptocurrencies, bitcoin and ether, to the federal agency that regulates milk futures and interest rate swaps. Senate Agriculture Committee Chair Debbie Stabenow and high-ranking Republican John Boozman of Arkansas are planning to introduce a bill on August … Read more

Understanding three challenges that make cryptocurrency regulation difficult for nation states

Understanding three challenges that make cryptocurrency regulation difficult for nation states

Cryptocurrency regulation remains a headache for nations and there doesn’t seem to be an easy way around this difficulty. Many say innovation beats regulation. While this is true, there is a need for a bridge between innovators and regulators for investor confidence. This piece will look at three aspects that make cryptocurrency regulation in Africa … Read more

What possible credit legislation could mean for Visa, Mastercard and you

What possible credit legislation could mean for Visa, Mastercard and you

Credit card companies appear to be under a political microscope once again as the Wall Street Journal reported Wednesday that Senators are working on a new bill that would target Visa Inc. and Mastercard Inc. The story noted that Senator Dick Durbin, a Democrat from Illinois, and Senator Roger Marshall, a Republican from Kansas, are … Read more