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Electric-vehicle stocks jump after Biden infrastructure plan includes $174 billion investment in sector

17 days ago   |   By Business Insider

Levy, of EVgo, said there is a such thing as moving too quickly.
EVgo
Electric-vehicle stocks moved higher on Wednesday following the release of Biden's $2 trillion infrastructure plan.
The plan would invest $174 billion in the electric-vehicle market to better compete with China.
Shares of Tesla, Fisker, and Lordstown Motors were higher by as much as 4% in Wednesday trades.
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The electric-vehicle sector got a boost on Wednesday with the release of President Joe Biden's $2 trillion infrastructure proposal. The bill...
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Chipotle will give out free burritos and $100,000 in bitcoin for National Burrito Day

17 days ago   |   By Business Insider

Chipotle
Chipotle says it plans to give out 10,000 free burritos, as well as $100,000 in bitcoin on Thursday.
To win a prize, players get 10 tries to guess a six-digit code on Chipotle's website.
Prizes range from free burritos to $25,000 in bitcoin.
See more stories on Insider's business page .
Chipotle is giving out free burritos and $100,000 in bitcoin as a part of a "Burritos or Bitcoin" game on Thursday. The event will launch Thursday morning and run for 12 hours as a part of National Burrito Day, which takes place every year on the first Thursday in April. While the event will take...
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Alexandria Ocasio-Cortez criticizes Biden's $2.25 trillion infrastructure plan as 'not nearly enough'

17 days ago   |   By Business Insider

Rep. Alexandria Ocasio-Cortez leaves the U.S. Capitol after passage of the stimulus bill known as the CARES Act on March 27, 2020 in Washington, DC. The stimulus bill is intended to combat the economic effects caused by the coronavirus pandemic.
Win McNamee/Getty Images
Rep. Alexandria Ocasio-Cortez argued President Joe Biden's $2.25 trillion infrastructure proposal 'needs to be way bigger.'
"The important context here is that it's $2.25T spread out over 10 years," she tweeted.
Earlier this week, progressive Democrats unveiled a $10 trillion version of the infrastructure and climate...
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Biden's infrastructure plan is a 'green tidal wave' that will revive the EV sector after its recent pullback, Wedbush says

17 days ago   |   By Business Insider

Drew Angerer/Getty Images
Wedbush's Dan Ives says Biden's infrastructure plan will be a "green tidal wave" for the EV sector.
Ives sees roughly 10% or $200 billion of the plan going to EV initiatives.
The analyst expects an expansion of tax credits "to the $10k range or potentially higher."
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President Biden's infrastructure plan is set to be released on Wednesday afternoon and some analysts argue it will help revive the EV sector after its recent pullback. Wedbush's Dan Ives said in a note to clients on Wednesday...
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