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Employment: Preliminary annual benchmark revision shows upward adjustment of 462,000 jobs

Calculated Risk

The annual revision is benchmarked to state tax records. These counts are derived from state unemployment insurance (UI) tax records that nearly all employers are required to file. Construction was revised up by 62,000 jobs, and manufacturing revised up by 22,000 jobs.

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Wednesday links: the effect of de-globlization

Abnormal Returns

based manufacturing capacity. sherwood.news) Tesla Over time SpaceX and Tesla ($TSLA) have received at least $38 billion in government contracts, loans, subsidies and tax credits. (wired.com) GLP-1s Eli Lilly ($LLY ) is investing big in U.S.-based biopharmadive.com) More options for GLP-1 users are coming to market.

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Sunday links: a nation of bad drivers

Abnormal Returns

(humbledollar.com) Companies Why Boeing ($BA) took its eye off manufacturing quality. philbak.substack.com) Taxes How much do higher taxes prompt millionaires to relocate? philbak.substack.com) Taxes How much do higher taxes prompt millionaires to relocate? nytimes.com) Chipotle ($CMG) is on a roll.

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10 Thursday AM Reads

The Big Picture

Why the 1 Percent Buyback Tax Doesn’t Scare Investors : Democrats hope the tax will encourage companies to spend more on workers and operations, but strategists think it’s unlikely to deter corporations from repurchasing their stock. ( Exports to Russia from the major manufacturing economies have been rising rapidly since April.

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Thursday links: stand alone statements

Abnormal Returns

etf.com) Vanguard has launched two new ETFs, the Vanguard Intermediate-Term Tax-Exempt Bond ETF ($VTEI) and Vanguard California Tax-Exempt Bond ETF ($VTEC). thinkadvisor.com) Economy The ISM manufacturing index seems to have bottomed. (om.co) ETFs More covered call ETFs are coming.

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Tax Changes This Year: Solar Panel Tax Credit, Electric Vehicle Tax Credit and More

Your Richest Life

Whether you’re preparing to file , waiting on a refund , or have already paid your tax bill, you might notice some differences this year. First of all, many taxpayers are noticing smaller refunds or higher tax bills this year than in the previous two years. This credit is up to $7,500, and is set to expire in 2032 unless renewed.

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Monday links: riding out bear markets

Abnormal Returns

thereformedbroker.com) Income tax withholdings are in decline. manufacturing plant. (ft.com) Don't discount Apple's ($AAPL) push into financial services. macworld.com) Twitter has stopped funding VCs it has committed to. forbes.com) Economy The American consumer is getting more cautious. Then check out our weekly e-mail newsletter.

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