Philippine stocks fell to a two-year low as foreign investors sold off their holdings, driving the peso to a record low against the dollar.
A company controlled by Xpeng Chairman Xiaopeng He bought 2.2 million shares at an average price of $13.58 per share on Friday, according to a statement to the Hong Kong stock exchange.
California is aiming to add millions of new electric vehicles to its roads in the coming years. However, charging all of these EVs without impairing the state's aging grid will require more power generation and help from EV drivers.
The new tax law, which takes effect in January, is the largest revenue-raising provision in the Democrats’ climate, healthcare and tax law. The provision, which is projected to generate $222 billion over a decade, alters tax incentives and makes corporate tax decisions more complicated.
Transportation company stocks are falling twice as fast as the already hard-hit US stock market, reflecting investors' expectations that a recession is likely ahead. This is a worrying sign for the economy as a whole, as transportation is a key sector for many businesses.
Starbucks debuted the pumpkin spice latte in 2003, and it quickly became the company’s most popular seasonal drink. To date, Starbucks has sold more than 600 million pumpkin spice lattes, and the popularity of the drink has led to its adoption by rival coffee chains and neighborhood cafes.
Atlanta Fed President Raphael Bostic said that he believes the Fed can reach its goal of 2% inflation without causing severe damage to the economy.
According to the researchers, the 15% minimum would have taken a total of $31.8 billion from 78 firms in 2021. Berkshire would have owed the most, with an estimated payout of $8.33 billion, followed by Amazon with $2.77 billion.