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In a big bill that hurts clean energy, residential solar likely to get hit fast

In a big bill that hurts clean energy, residential solar likely to get hit fast

By MICHAEL PHILLIS

WASHINGTON (AP) — As Republicans in Congress rushed forward with a massive tax and spending cut bill, a North Carolina renewable energy executive wrote to his 190 employees with a warning: Deep cuts to clean energy tax credits were going to hurt.

“(The changes) would almost certainly include the loss of jobs on our team,” wrote Will Etheridge, CEO of Southern Energy Management in Raleigh. “I’m telling you that because you deserve transparency and the truth — even if that truth is uncomfortable.”

The bill now in the House takes an ax to clean energy incentives, including killing a 30% tax credit for rooftop residential solar by the end of the year that the Biden administration’s Inflation Reduction Act had extended into the next decade. Trump has called the clean energy tax credits in the climate law part of a “green new scam” that improperly shifts taxpayer subsidies to help the “globalist climate agenda” and energy sources like wind and solar.

Businesses and analysts say the GOP-backed bill will likely reverse the sector’s growth and eliminate jobs. read more

President Trump announces trade deal with Vietnam that will let US goods into the country duty-free

President Trump announces trade deal with Vietnam that will let US goods into the country duty-free

By PAUL WISEMAN and ANIRUDDHA GHOSAL

WASHINGTON (AP) — President Donald Trump announced a trade deal with Vietnam Wednesday that would allow U.S. goods to enter the country duty-free.

Vietnamese exports to the United States, by contrast, would face a 20% levy.

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On his Truth Social platform, Trump declared the pact “a Great Deal of Cooperation between our two Countries.”

In April, Trump announced a 46% tax on Vietnamese imports — one of his so-called reciprocal tariffs targeting dozens of countries with which the United States runs trade deficits. Trump promptly suspended the reciprocal tariffs for 90 days to allow for negotiations like the one with Vietnam. The pause expires Tuesday, but so far the Trump administration has reached a trade agreement with only one of those countries — the United Kingdom. (Trump has also reached a “framework” agreement with China in a separate trade dispute.) read more

US judge says China’s Huawei Technologies must face criminal case for racketeering and other charges

US judge says China’s Huawei Technologies must face criminal case for racketeering and other charges

By ELAINE KURTENBACH, AP Business Writer

BANGKOK (AP) — A U.S. judge has ruled that China’s Huawei Technologies, a leading telecoms equipment company, must face criminal charges in a wide reaching case alleging it stole technology and engaged in racketeering, wire and bank fraud and other crimes.

U.S. District Judge Ann Donnelly on Tuesday rejected Huawei’s request to dismiss the allegations in a 16-count federal indictment against the company, saying in a 52-page ruling that its arguments were premature.

The company did not immediately respond to a request for comment.

The U.S. accuses Huawei and some of its subsidiaries of plotting to steal U.S. trade secrets, installing surveillance equipment that enabled Iran to spy on protesters during 2009 anti-government demonstrations in Iran, and of doing business in North Korea despite U.S. sanctions there.

During President Donald Trump’s first term in office, his administration raised national security concerns and began lobbying Western allies against including Huawei in their wireless, high-speed networks. read more

4 ways to keep your financial data safe

4 ways to keep your financial data safe

With data breaches and new scams constantly emerging, you might be wondering: How can I keep my financial data safe?

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The bad news? It’s not easy, especially given the increasing sophistication of scammers.

“There’s no silver bullet to protect you from all threats,” says John Breyault, vice president of public policy, telecommunications and fraud at the National Consumers League, a nonprofit advocacy group.

The good news?

“There are steps you can take to reduce your risk,” he says.

Experts share their tips for keeping your financial information safe. read more

Disney: Jordin Sparks, Beach Boys set for Epcot concerts

Disney: Jordin Sparks, Beach Boys set for Epcot concerts

Walt Disney World has revealed the performers for this year’s Eat to the Beat concert series, the musical element of the Epcot International Food  & Wine Festival. New acts on the list include Jordin Sparks, KT Tunstall and, in the final concerts of 2025, the Beach Boys.

The lineup includes several returning favorites, including Boyz II Men, Hanson (the only act on stage for four nights), Tiffany, Big Bad VooDoo Daddy and Joey Fatone & Friends, which will be the opening headliner act on Aug. 29, the Friday before Labor Day.

The schedule, subject to change, includes:

• Aug. 29-30: Joey Fatone & Friends

Aug. 31-Sept. 1: MercyMe

Sept. 5-6: KT Tunstall

Sept. 7-8: TobyMac

Sept. 12-14: Starship featuring Mickey Thomas

Sept. 15: Bacilos

Sept. 19-20: Sheila E.

Sept. 21-22: Ben Rector

Sept. 26-27: Tiffany

Sept. 28-29: Jesse & Joy

Disney World: Epcot’s revamped Test Track zooms to future

Oct. 3-4: Baha Men

Oct. 5-6: TBA

Oct. 10-11: The Wanted 2.0 read more