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Virginia Republicans offer concession on tax plan as budget stalemate drags on

RICHMOND, Va. (AP) — The top budget negotiator for Virginia House Republicans said Monday he offered a major compromise nearly two weeks ago that would end his party’s push this year for a reduction in the top individual tax rate, but he’s still waiting for a response from Democratic leaders. “It’s a tremendous compromise,” Del. Barry Knight said of his offer to the Democratic senators with whom he’s been working for months to try to reach a resolution on the state’s budget stalemate. Though Democrats were scheduled to meet later this week to discuss Knight’s offer, ...

First US nuclear reactor built from scratch enters commercial operation

ATLANTA (AP) — The first new U.S. nuclear reactor to be built from scratch in decades is sending electricity reliably to the grid, but the cost of the Georgia power plant could make it a dead end instead of a path to a carbon-free future. Georgia Power Co. announced Monday that Unit 3 at Plant Vogtle, southeast of Augusta, has completed testing and is now in commercial operation, seven years late and $17 billion over budget. At its full output of 1,100 megawatts of electricity, Unit 3 can power 500,000 homes and businesses. A number of other utilities in Georgia, Florida and ...

Nikola rise; Tempur Sealy falls, Monday, 7/31/2023

NEW YORK (AP) — Stocks that are trading heavily or have substantial price changes on Monday: New Relic Inc. (NEWR), up $9.95 to $84. Francisco Partners and TPG are buying the cloud-based software analytics company. SoFi Technologies Inc. (SOFI),up $1.70 to $11.25. The personal finance company raised its revenue forecast for the year. Symbotic Inc. (SYM), up $10.22 to $52.40. The automation technology company beat analysts’ fiscal third-quarter revenue forecasts. Nikola Corp. (NKLA), up 40 cents to $2.67. The electric vehicle maker received an order for 13 trucks from ...

Kimberly Palmer: How to stay safe from financial scams

NerdWallet One of the biggest mistakes you can make when it comes to protecting yourself from financial scams is thinking you’re too smart to be duped by one. “We’re all vulnerable — we can all fall for a scam given the right set of circumstances,” says Eva Velasquez, president and CEO of the Identity Theft Resource Center, a nonprofit organization that provides advice and assistance related to identity theft. Keeping yourself safe starts with accepting that fact, she adds. “You look at the profiles of victims who filed complaints and it runs the gamut from highly ...

Wall Street drifts as it heads toward the close of another winning month

NEW YORK (AP) — Stocks are drifting Monday as Wall Street rolls toward the end of another winning month. The S&P 500 was mostly unchanged in afternoon trading, on track for a fifth straight month of gains, which would be its longest winning streak in nearly two years. The index is near a 16-month high after rallying on hopes cooling inflation will mean the economy can avoid a long-predicted recession. The Dow Jones Industrial Average was up 45 points, or 0.1%, at 35,506 as of 1:43 p.m. Eastern time, and the Nasdaq composite was 0.1% higher. To be sure, critics have been saying ...

Market breakthrough: Are you ready to ride this ‘skinny bull’?

By Josh Dudick Wealth of Geeks The S&P 500 hit new highs, officially entering bull market territory on June 8 and exiting one of the longest bear markets — 248 trading days — in a decade. The mood music is changing on Wall Street as markets continue to rally. Investors are shrugging off fears of a recession and buying up stocks hoping that recent gains will sustain into a bull-market run. Are investors out of the woods? Possibly. Yet a closer look under the hood market is causing some investors to do a double-take. Just seven companies - and eight stocks - account for more ...