Finance

Jackyenjoyphotography | Moment | Getty Images Why the new EVs credit may be harder to claim The Inflation Reduction Act, which President Joe Biden signed in August, set various manufacturing requirements for new all-electric and plug-in hybrid vehicles to be able to qualify for the full $7,500 tax credit. As …

The logo of cryptocurrency exchange Binance displayed on a phone screen. Jakub Porzycki | NurPhoto via Getty Images Binance’s Australian derivatives license was canceled at the crypto exchange’s own request, the Australian Securities & Investments Commission said Thursday, after the regulator had begun a “targeted review of Binance” in February. …

Nicolas Economou/NurPhoto via Getty Images Europe trips were a historically good deal in 2022 Jordi Salas | Moment | Getty Images When the U.S. dollar strengthens relative to other currencies, it means Americans can buy more abroad. Their dollar stretches further.   The euro hit parity with the U.S. dollar …

NEW YORK, NEW YORK – MARCH 15: Traders work on the floor of the New York Stock Exchange during morning trading on March 15, 2023 in New York City.  Michael M. Santiago | Getty Images Short sellers were sitting on more than $7 billion in profit from the mass sell-off …

A screen displays the logo and trading info for Western Alliance Bancorporation on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 14, 2023. Brendan Mcdermid | Reuters Shares of Western Alliance Bancorp cut steep losses Thursday after the regional bank gave a new …

A FedEx delivery man is seen on Chestnut Street in San Francisco on January 11, 2023 as atmospheric river storms hit California, United States. Tayfun Coskun | Anadolu Agency | Getty Images Check out the companies making headlines before the bell Wednesday. Johnson & Johnson — The pharmaceutical giant climbed …

Newly appointed UBS CEO Sergio Ermotti (R) speaks with UBS Chairman Colm Kelleher during a press conference in Zurich on March 29, 2023. Arnd Wiegmann | Afp | Getty Images UBS will hold its annual general meeting on Wednesday morning against a fraught political backdrop, following its takeover of fallen …

Richard Branson’s Virgin Orbit, with a rocket under the wing of a modified Boeing 747 jetliner, takes off for a key drop test of its high-altitude launch system for satellites from Mojave, California, July 10, 2019. Mike Blake | Reuters Check out the companies making headlines in midday trading Tuesday. …

Westend61 | Westend61 | Getty Images The job market continued a gradual cooling in February but largely remains advantageous for workers, according to labor data issued Tuesday. Job openings, a barometer of employer demand for workers, fell by 632,000 to 9.9 million in February — the lowest level since May …

A Credit Suisse Group AG bank branch in Bern, Switzerland, on Thursday, March 16, 2023. Stefan Wermuth | Bloomberg | Getty Images Credit Suisse Chairman Axel Lehmann on Tuesday told shareholders he was “truly sorry” for the collapse that led to the bank’s controversial takeover by UBS. “It is a …