The U.S. Treasury Department and Internal Revenue Service have recently announced that more than $1 billion in tax credits is being provided as an upfront cash incentive to buyers of electric vehicles. This initiative was established through the Inflation Reduction Act, which allows for tax credits worth up to $7,500 for new EVs and $4,000
Art
Major League Eating dropped a bombshell when they announced that they would be parting ways with 16-time champion Joey “Jaws” Chestnut ahead of the Nathan’s Famous Fourth of July hot dog eating contest. The decision came after Chestnut decided to represent a rival brand that sells plant-based hot dogs instead of the traditional meat version.
Oracle’s recent announcement of cloud deals with Google and OpenAI caused their shares to soar by 9% in extended trading. Despite falling short of Wall Street expectations for the fourth quarter, the company reported an increase in revenue of 3% year over year, reaching $14.29 billion. While earnings per share were adjusted to $1.63, slightly
The looming expiration of trillions in tax breaks enacted by former President Donald Trump through the Tax Cuts and Jobs Act of 2017 has sparked a debate among presumptive nominees President Joe Biden and Donald Trump. Both candidates have pledged to extend these tax breaks for most Americans, but the question remains on how to
The Supplemental Security Income (SSI) program was established 50 years ago as a federal lifeline for people with disabilities and older adults. Since its inception, the maximum monthly benefit has increased to $943 for individuals and $1,415 for eligible couples. However, the average monthly benefit for individuals remains at around $698, falling significantly below the
Apple device users will soon have the option to utilize buy now, pay later loans from Affirm for their purchases. This collaboration between the two companies will allow U.S. Apple Pay users to access Affirm as a payment choice on their iPhones and iPads. The partnership aims to combine the convenience and security of Apple
The recent investigation into United Auto Workers President Shawn Fain by federal court-appointed monitor Neil Barofsky has raised concerns about potential abuses of power within the union. The monitor is looking into allegations of obstruction and interference by union leaders, including Fain, which could violate a 2020 consent decree between the UAW and the U.S.
A recent recommendation by a panel of independent advisors to the Food and Drug Administration (FDA) has opened the door for Eli Lilly’s Alzheimer’s drug, donanemab, to potentially receive full approval in the U.S. later this year. This recommendation comes after years of failed attempts to develop effective treatments for the debilitating disease that affects
GameStop shares took a significant hit on Monday, dropping by approximately 12%. This decline comes on the heels of a substantial sell-off that occurred last Friday. The stock, which reached about $25 per share on Monday, had already fallen by nearly 40% the previous day. The downward trend was initiated by an underwhelming earnings report
Delta Air Lines recently announced that they will be launching their premium economy service on transcontinental flights starting in September. This move is seen as an effort to attract customers who are willing to pay more for additional space and perks during their flights. Premium economy is a relatively new class of service that falls