Yahoo Finance Live anchor Brian Cheung takes a look at markets and Nasdaq leaders ahead of the closing bell.
President Biden's Inflation Reduction Act will have winners and losers. The White House reports that the $700 billion package will help address inflation by lowering energy and healthcare costs. This legislation, if approved, would include a whopping $369 billion for renewable energy, also known as green energy or clean energy.
(Bloomberg) -- South Korea’s biggest electric-car battery makers and Hyundai Motor Co. have expressed concern over new US legislation aimed at boosting domestic production of EVs and reducing the use of Chinese materials, moves they say could hurt their competitiveness. Most Read from BloombergStriking Drop in Stress Hormone Predicts Long Covid in StudyThe Fed’s Damage to the Housing Market May Last YearsThree Days After Vote, Result Hangs in the Balance: Kenya UpdateChina Has Painted Itself Int