Gas taxes are excise taxes you pay when you fill up your car with gas. The federal government and states both impose gas taxes, with much of the revenue raised going toward fixing highways and other infrastructure projects. State gas taxes range from just under 10 cents to nearly 60 cents for a gallon of
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Remember when marijuana used to be taboo? Back when Cheech & Chong – a comedy duo who tapped into the height of the cultural weed zeitgeist during the ‘70s – pushed the envelope to further their drug-fueled counterculture movement, weed smokers were still mostly marginalized. The War on Drugs was in full swing, as Richard
If “Big Tech” was a gamefish, like Facebook (NASDAQ:FB), Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT) and Tesla (NASDAQ:TLSA) made a big earnings splash this week. Results and guidance were handily above expectations for many tech stocks, so growth investors didn’t mind getting wet. But, for industry observers and regulators looking to reel it in,
Charlie Munger at Berkshire Hathaway’s annual meeting in Los Angeles California. May 1, 2021. Gerard Miller | CNBC Berkshire Hathaway Vice Chairman Charlie Munger’s distain toward bitcoin has only intensified amid the digital asset’s record run this year. “Of course I hate the bitcoin success,” the 97-year-old Munger said during a Q&A session at Berkshire’s annual
A Wawa store hiring sign in Bethany Beach, Delaware. Stephanie Dhue | CNBC The economy could add more than 1 million jobs in April, economists say. Hiring seems to have strengthened as businesses reopen, leading some economists to make big predictions for the number of jobs added during the month. The April employment report is
The Reddit stock trading boom took the stock market by storm. In January, shares of dozens of companies simultaneously blasted off. This happened as ordinary investors realized their tremendous power if they operated as a group. In particular, by buying both shares and call options in stocks with high short interest, the r/WallStreetBets crowd generated
Theoretically, we really should have seen a renaissance in value stocks during the impact of the novel coronavirus pandemic. With an unprecedented crisis rippling throughout the international community, the global equity markets initially tumbled on the mass spread of the disease. If anyone wanted to go contrarian, they should have done so on the companies
Can QuantumScape win the battery race? Investors in QuantumScape (NYSE:QS) and QS stock are certainly hoping so. Source: Michael Vi/Shutterstock.com QuantumScape’s business model is one investors have gotten excited about as of late. Indeed, solid-state batteries are being hailed as the revolution that could change how batteries are made moving forward. These batteries are everything electric
Warren Buffett Gerry Miller | CNBC Warren Buffett took a special moment at the start of Berkshire Hathaway‘s annual shareholders’ meeting Saturday to speak to the record amount of new investors rushing into markets. The lesson was about the uncertainty around individual stocks, comparing the top 20 stocks in the world by market value as
Take a look at some of the biggest movers in the premarket: Twitter (TWTR) – Twitter shares plunged 12.4% in premarket trading after it warned of rising expenses and a possible slowdown in user growth. Twitter beat estimates for its latest quarter by 2 cents a share, with earnings of 16 cents per share. Revenue
There are some companies that are very difficult to analyze based on traditional financial metrics. I believe Palantir Technologies (NYSE:PLTR) stock is one of them. Source: Michael Vi / Shutterstock.com While PLTR stock generated significant interest over the trailing six months, the underlying firm doesn’t generate profits. Instead, the company’s ties with government agencies (particularly
A capital expenditure (CapEx) is the money companies use to purchase, upgrade, or extend the life of an asset. Capital expenditures are designed to be used to invest in the long-term financial health of the company. Capital expenditures are a long-term investment, meaning the assets purchased have a useful life of one year or more.
The pandemic created a shift from storefront to e-commerce, which is a trend that bodes well for fintech stocks. With global saving rates topping $5.4 trillion, we are likely to see an increase in consumer spending as we approach the new normal. With the digital payments expected to be the norm in the future, all
Fisker (NYSE:FSR) seems almost forgotten in the electric vehicle (EV) race. That might present an enormous opportunity for FSR stock — or highlight risks ahead. Source: Eric Broder Van Dyke / Shutterstock.com Certainly Fisker has received its share of attention over the past year. Shares of Spartan Energy Acquisition doubled last July when the SPAC
Leon Cooperman at the 2019 Delivering Alpa conference in New York on Sept. 19. 2019. Adam Jeffery | CNBC Billionaire investor Leon Cooperman told CNBC on Friday he expects the stock market will be lower than current levels one year from now. Cooperman’s comments came one day after the S&P 500 notched yet another record close
Traders on the floor of the New York Stock Exchange. Source: NYSE April’s jobs report and a barrage of earnings news make for another busy week for markets, as the calendar rolls into May. Stocks notched solid gains in April, as REITs, consumer discretionary names and communications services companies outpaced the broader market, all more
So far, Coinbase Global (NASDAQ:COIN) has seen mixed performance as a publicly-traded stock. On its first day of trading, shares bolted from their direct offering reference price of $250 per share, to as much as $429.54 per share, before settling at $328.28 per share. However, in subsequent weeks, shares have slid to around the $300
If you’re a believer in the growth of electric vehicles (EVs), Chargepoint (NYSE:CHPT) remains an attractive opportunity. And even though CHPT stock is slowly beginning to bounce off its springtime lows, there is plenty of upside remaining. Source: YuniqueB / Shutterstock.com As you may recall, Chargepoint is a special purpose acquisition company (SPAC) stock that
Churchill Capital IV (NYSE:CCIV) stock has grabbed investor attention since the beginning of fiscal year 2021. On rumors of a potential business combination with Lucid Motors, CCIV stock surged to highs of nearly $65. In a typical example of sell on news, the stock plunged to around the $20 level after confirmation of the deal.