90% of qualifying electric powered automobile purchasers choose for $7,500 ‘new clean vehicle’ tax credit score as upfront payment, Treasury says

90% of qualifying electric powered automobile purchasers choose for ,500 ‘new clean vehicle’ tax credit score as upfront payment, Treasury says

Vital Details

The Inflation Reduction Act turned a $7,500 tax credit score for new electric autos into an upfront discounted for potential buyers via an advance payment of their tax break.
About 90% of qualifying shoppers getting a new EV have opted to get their tax crack as an progress payment, a Treasury Section formal reported.
Advance payments also make it possible for shoppers to get their whole EV credit rating no matter of tax legal responsibility.

Source

Finance

Stocks making the biggest moves after hours: Advanced Micro Devices, Super Micro Computer, Arista Networks & more

May 5, 2026

Check out the companies making headlines after the bell : Advanced Micro Devices — Shares popped 7% after the chipmaker issued strong guidance. AMD is calling for second-quarter revenue of $11.2 billion, plus or minus $300 million, versus the analyst estimate for $10.52 billion. First-quarter results also surpassed expectations on the top and bottom lines. […]

Finance

Intel and Micron are poised to break major milestones

May 5, 2026

Options Action Intel and Micron are poised to break major milestones Published Tue, May 5 20262:51 PM EDTUpdated 56 Min Ago Oliver Renick@OJRenick WATCH LIVE Source

Finance

Anthropic CEO warns of cyber ‘moment of danger’ as AI exposes thousands of vulnerabilities

May 5, 2026

Key Points Anthropic CEO Dario Amodei warned Tuesday that there is a 6-to 12-month window to patch tens of thousands of software vulnerabilities uncovered by the company’s Mythos model before Chinese AI catches up. Amodei and JPMorgan Chase CEO Jamie Dimon appeared together at an Anthropic financial services event, signaling the AI giant’s lead in […]