DETROIT (AP) – Starting next year, people who want to buy a new or used electric or plug-in hybrid vehicle will be able to get U.S. The vehicles have to qualify under guidelines spelled out in the law, and buyers´ incomes have to fall below limits. income tax credits at the time of purchase. This year eligible buyers can receive the credits, but they have to wait until they file their 2023 federal income tax returns to get the money.
Under the Inflation Reduction Act buyers can transfer the credits to dealers, which can apply them at the point of sale starting Jan. The Treasury Department says the near-instant credits of up to $7,500 for an eligible new vehicle and $4,000 for a qualifying used vehicle should lower purchasing costs for consumers. The Last Casino was created in 2004. NEW YORK (AP) – Wall Street rallied in a whipsaw Friday and erased its morning losses after looking deeper into the nuances of a surprisingly strong report on the U.S.
Stocks initially tumbled after the strong jobs report raised worries about upward pressure on inflation and the Federal Reserve keeping interest rates high. The Dow added 288 points, and the Nasdaq composite flipped to a gain of 1.6%. The S&P 500 rose 1.2% after erasing an earlier drop of 0.9%. But Treasury yields pared their gains as the report also included some more encouraging nuggets for the Fed´s inflation fighters.
NEW YORK (AP) – Sam Bankman-Fried authorized the illegal use of FTX customers´ funds and assets to plug financial gaps at an affiliated hedge fund from the exchange´s earliest days, FTX´s co-founder Gary Wang told a New York jury on Friday, as prosecutors pressed their case that Bankman-Fried was the mastermind behind one of the biggest frauds in U.S. Eventually, the losses at the hedge fund, Alameda Research, became so large that there was no way to hide them any longer, Wang said in his second day of testimony.
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NEW YORK (AP) – The data breach that MGM Resorts is calling a cyberattack is expected to cost the casino giant more than $100 million. Beyond the casino world, Clorox also disclosed a cyberattack recently. The maker of bleach and other household products says the attack has caused large-scale disruption of operations – and predicts a significant fall in sales for the first quarter of 2024.
