Author: Daniel snow

[ad_1] The $7,500 tax credit that car shoppers can use for new EV purchases is set to expire at the end of September, according to the tax and spending bill that passed the House of Representatives on Thursday. [ad_2] Source link

[ad_1] The Grok logo is being displayed on a smartphone with Xai visible in the background in this photo illustration on April 1, 2024. Jonathan Raa | Nurphoto | Getty ImagesElon Musk’s xAI attained an official permit to power its supercomputer facility in Memphis, Tennessee, using natural gas-burning turbines, according to public records shared by the company on Wednesday.The Shelby County Health Department issued the permits on July 2, despite months of protests and public hearings where local residents decried the turbines’ impact on local air quality. Musk’s artificial intelligence startup, which now owns his social media site X, will face formal…

[ad_1] It’s not an education if A.I. does your thinking for you. [ad_2] Source link

[ad_1] Business-to-business accounts payable spending in midsize cities has significantly outpaced larger cities. Here’s why. [ad_2] Source link

[ad_1] OpenAI’s logo is on an Indy car and Perplexity has a deal with Lewis Hamilton. How the racing industry is tapping into AI. [ad_2] Source link

[ad_1] Sportsbooks like DraftKings and FanDuel are taking wagers on the famous Fourth of July eating contest — and interest is especially strong after Chestnut was banned last year. [ad_2] Source link

[ad_1] House Republicans on Thursday voted to pass President Donald Trump’s massive budget bill, making good on a promise to deliver the legislation to the president’s desk by July 4.The bill promises continuity for taxpayers by permanently extending the cuts from the 2017 Tax Cuts and Jobs Act as well as a raft of new cuts, including breaks for tipped and overtime income.The new law also includes a throwback: an above-the-line deduction on charitable contributions.The bill allows taxpayers who don’t itemize to deduct up to $1,000 for single filers and $2,000 for married couples filing jointly.”This could provide some tax…

[ad_1] The Federal Reserve is likely to resume lowering interest rates in September, but it won’t be an easy call for the central bankers, economists said Thursday in the wake of the June jobs report. [ad_2] Source link

[ad_1] President Donald Trump’s landmark spending bill is ready to be signed into law after Republicans in both chambers of Congress eked out the necessary votes ahead of the GOP’s self-imposed July 4 deadline to send the legislation to the president’s desk.At its core, the bill permanently extends the tax cuts introduced in the 2017 Tax Cuts and Jobs Act while introducing a raft of new breaks. Some, such as an expanded child tax credit and an above-the-line deduction for charitable contributions, are permanent changes to the tax code.  Others are slated to expire in 2028, at the end of…

[ad_1] Tax breaks in the megabill, like no taxes on tips and overtime, only apply to people at certain income levels. [ad_2] Source link