Author: Daniel snow

Solar stocks fall as Trump bill taxes components from China

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Construction work on solar power arrays continues at rPlus Energies’ Green River Energy Center in Emery, Utah, U.S. June 11, 2025. Jim Urquhart | ReutersClean energy stocks fell on Monday as President Donald Trump’s spending legislation now includes a tax on wind and solar projects using Chinese components and phases out credits faster than previous versions of the bill.Shares of NextEra Energy, the largest renewable developer in the U.S., fell 4%. Solar stocks Array Technologies, Enphase and Nextracker were down between 4% and 9%. The Senate is voting Monday on the legislation, which ends the two most important tax credits…

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Home Depot SRS Distribution buys GMS

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A Home Depot store in San Carlos, California, US, on Monday, Nov. 11, 2024.David Paul Morris | Bloomberg | Getty ImagesHome Depot said Monday that it is buying GMS, a building-products distributor, for about $4.3 billion as the retailer moves to draw more sales from contractors and other home professionals.Shares of Home Depot rose slightly in early trading Monday. GMS shares jumped more than 11%. As part of the deal, the Home Depot-owned subsidiary SRS Distribution will buy all outstanding shares of GMS for $110 per share, which adds up to about $4.3 billion and amounts to total enterprise value…

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Trump megabill: Senate begins vote-a-rama

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Visitors to the U.S. Capitol rest in the shade on Capitol Hill in Washington, D.C., U.S., June 25, 2025. Nathan Howard | ReutersSenators on Monday began offering amendments to President Donald Trump’s megabill, following a weekend of tense negotiations to try to get the president’s second term domestic priorities through the upper chamber.The process, called a “vote-a-rama,” began shortly after 9 a.m. ET, and it was not yet clear how long it could go on. Eight hours or more is not unusual. Senators are allowed to introduce an unlimited number of amendments to the budget bill, forcing the chamber to…

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U.S. stocks hit record highs, but the economic outlook is no clearer

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Traders work at the New York Stock Exchange on June 18, 2025. NYSEU.S. stocks have strongly rebounded after a rough start to the year, even as the outlook for the world’s largest economy and its interest rates remains as uncertain as ever.Economic modeling is “very difficult” right now because “things are changing constantly,” Atlanta Fed President Raphael Bostic told CNBC’s “Squawk Box Europe” on Monday, pointing to Canada’s recent walk-back on its digital services tax.Market participants are also closely-watching the latest progress of U.S. President Donald Trump’s “big, beautiful bill,” which cleared a key Senate hurdle over the weekend. From an inflation…

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How much you need to retire in U.S. cities with most adults 65 and older

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Some of the fastest-growing communities in the U.S. aren’t built around schools or playgrounds — they’re designed for retirees.Often age-restricted to 55 or older, these developments feature amenities like pickleball courts, community centers and golf-cart-friendly streets. Most are located in warm, low-tax states, making them especially attractive to retirees looking to maximize their savings.As baby boomers continue to leave the workforce, these areas have become popular destinations — with many regularly appearing in rankings of the best places to retire. As a result, they tend to have the highest shares of residents age 65 and older in the country.One notable…

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