‘Loophole’ may get you a $7,500 tax credit for leasing an EV, auto analysts say

‘Loophole’ may get you a ,500 tax credit for leasing an EV, auto analysts say

Key Points

The Inflation Reduction Act has a few provisions related to tax credits for electric vehicles.
Consumers can get a $7,500 tax credit for buying a new EV. It may be challenging for cars and/or buyers to qualify due to certain requirements.
It may be easier to get a $7,500 credit by leasing an EV. Leases aren’t subject to the same rules.
Automakers may pass along the tax credit by lowering monthly payments.

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Finance

Cautious optimism: Berkshire investors weigh future under new CEO Greg Abel

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Key Points Berkshire Hathaway shareholders on Friday expressed confidence in CEO Greg Abel, Warren Buffett’s pick to lead the conglomerate. “Saturday begins the official pivot in Berkshire Hathaway,” said Robert Hagstrom, chief investment officer at EquityCompass Investment Management. “And the whole world is going to get to see it.” Source

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U.S. oil prices will exceed Iran wartime high to above 5 as conflict drags on, Kalshi traders say

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U.S. oil prices will exceed Iran wartime high to above $125 as conflict drags on, Kalshi traders say

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