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CEOs of GM, Toyota, Ford, Stellantis Renew Push to Expand EV Tax Credit

Several top auto-industry executives are urging lawmakers to lift a cap on the number of electric vehicles a car company can sell before their models are no longer eligible for a $7,500 tax credit. In a joint letter sent Monday to House and Senate leaders, the chief executives of four auto makers— Ford F -7.37% Motor Co., General Motors Co. GM -7.77% , Stellantis…

Inflation Reports Raise Chances for Surprise 0.75-Percentage-Point Rate Rise This Week

A string of troubling inflation reports in recent days is likely to lead Federal Reserve officials to consider surprising markets with a larger-than-expected 0.75-percentage-point interest rate increase at their meeting this week.Before officials began their pre-meeting quiet period on June 4, they had signaled they were prepared to raise interest rates by a half percentage point this week and again at their meeting in July. But they also had said their outlook depended on the economy evolving as they expected. Last…

Bipartisan Lawmakers Propose New Government Powers to Block U.S. Investments in China, Other Nations

Congress is pressing ahead with legislation that could rewrite the rules for American companies investing abroad, proposing the screening of investments in countries like China seen as adversaries to protect U.S. technologies and rebuild critical supply chains. The measure, part of broader legislation to bolster U.S. competitiveness with China, would require American companies and investors to disclose certain new outbound investments and authorize the executive branch to form a new…

Colorado stores hit by national shortage on menstrual products

Shoppers searching for their preferred tampon brands might find themselves out of luck at select stores in the Denver area and beyond. Some national chains, including CVS Pharmacy, Walgreens and Safeway, are struggling to keep the feminine care products on their shelves. Others, such as Walmart and Natural Grocers, aren’t as hard hit by the supply-chain disruption. CVS is working with its suppliers to maintain an “ample” amount of feminine care products, said spokesperson Monica Prinzing. However, “in recent weeks, there…

FAA SpaceX Starship environmental review clears Texas program to move forward

A Starship prototype stands on the company's launchpad in Boca Chica, Texas on March 16, 2022.SpaceXThe Federal Aviation Administration on Monday said it will require Elon Musk's SpaceX to make dozens of environmental adjustments in order to conduct further Starship flight tests and begin operational launches from its facility in Boca Chica, Texas.SpaceX will be required to take more than 75 actions to mitigate environmental impacts before the company can receive a launch license for the site, the FAA said in a press…

What life was like when the Colorado Avalanche last won the Stanley Cup

For those of you who are counting, it has been 21 years since the Colorado Avalanche last appeared in the Stanley Cup Finals. So, as the team prepares to take on the Tampa Bay Lightning starting Wednesday, it’s fair to say that a lot has changed in those two decades. Here are 10 pop culture moments from the last time the Avs were in the finals (against the New Jersey Devils) that are guaranteed to make you feel old. Photo by Craig Walker, The Denver PostMembers of the Ascent ice crew work on painting the Avalanche logo on…

Bitcoin slumps to 18th month low

The price of Bitcoin, the world’s most popular cryptocurrency, fell towards $20,000 on Monday amidst concerns that systemic risk in the crypto ecosystem will accelerate the digital-asset market meltdown. The world’s largest digital token tumbled as much as 17.38 per cent to $23,252 at around 04:43 pm Nigerian time on Monday, data from Coinmarketcap showed. It is the weakest rate the digital currency has traded since December 2020. Within the past 24-hour, Bitcoin hovered between an…