Billions pour into bioplastics as markets begin ramping up

Billions pour into bioplastics as markets begin ramping up

CLEVELAND (AP) — In a world increasingly troubled by the persistent harm that plastic — manufactured in petrochemical plants — has had on the environment, companies are investing billions of dollars to ramp up production of plastics made from natural, renewable materials that can be safely composted or can biodegrade under the right conditions. Bioplastics … Read more

Most electric vehicles won’t qualify for federal tax credit

Most electric vehicles won’t qualify for federal tax credit

DETROIT (AP) — A tax credit of up to $7,500 could be used to defray the cost of an electric vehicle under the Inflation Reduction Act now moving toward final approval in Congress. But the auto industry is warning that the vast majority of EV purchases won’t qualify for a tax credit that large. That’s … Read more

The red flag that preceded the halving of global equities in 2000 and 2007 is back, warns Citi

The red flag that preceded the halving of global equities in 2000 and 2007 is back, warns Citi

We are a day away from data that could prove a turning point for markets. If Wednesday’s CPI doesn’t reveal some slowing in prices, expectations will rise for a bigger Fed rate hike in September, possibly knocking stocks. But if it swings the other way, especially after surprisingly good jobs data, the view that things … Read more

Tornado Cash crackdown by Treasury punishes honest crypto investors

Tornado Cash crackdown by Treasury punishes honest crypto investors

A tornado is seen on a field in D’arcy, Saskatchewan, Canada June 15, 2021. Neil Serfas | via Reuters The Treasury Department’s crackdown on Tornado Cash was meant to stop criminals. But a lot of ordinary crypto investors with honest intentions are now at risk. “Every US person is going to have to be very … Read more

Celsius withdraws motion to hire CFO back at $92,000 a month

Celsius withdraws motion to hire CFO back at ,000 a month

Celsius on Thursday was sued by former investment manager Jason Stone, as pressure continues to mount on the firm amid a crash in cryptocurrency prices. Stone has alleged, among other things, that Celsius CEO Alex Mashinsky (above) was “able to enrich himself considerably.” Piaras Ó Mídheach | Sportsfile for Web Summit | Getty Images Embattled … Read more

George Clooney had tequila, Ryan Reynolds gin. female stars? Wine’s in

George Clooney had tequila, Ryan Reynolds gin.  female stars?  Wine’s in

Franckreporter | E+ | Getty Images Celebrities have long used their face and name to elevate alcohol brands, but George Clooney created the modern blueprint for cashing in on spirits when he sold his tequila company Casamigos to spirits giant Diageo for nearly $1 billion in 2017. “Acting used to be how I paid the … Read more

How Are Webb Telescope Images Colorized?

How Are Webb Telescope Images Colorized?

On the left is a monochromatic image showing infrared data from Webb of the Southern Ring Nebula. On the right is a processed image showing the same view in full color.Image: Gizmodo/NASA, ESA, CSA, and STScI On July 12, the first full-color images from the Webb Space Telescope showed countless nebulae, galaxies, and a gassy … Read more

Elon Musk challenges Twitter CEO Parag Agrawal to a debate on bots

Elon Musk challenges Twitter CEO Parag Agrawal to a debate on bots

Centi-billionaire Elon Musk provoked Twitter and challenged the company’s CEO Parag Agrawal to a “public debate” about fake accounts and spam in the midst of a contentious legal battle over a $44 billion acquisition. Musk filed a bid with the Securities and Exchange to acquire Twitter back in April this year. After the agreed to … Read more

Fuel cell-powered truck maker Hyzon’s stock suffers record plunged after accounting questions raise delisting fears

Fuel cell-powered truck maker Hyzon’s stock suffers record plunged after accounting questions raise delisting fears

Shares of Hyzon Motors Inc. were a record plunged toward a record low Friday, after the maker of fuel cell-powered trucks disclosed a “myriad of suffering,” including accounting regularities that will cause it to miss the filing deadline for second-quarter results. That prompted a number of analysts to back away from their bullish stances, including … Read more