Stocks making the biggest moves premarket: Coinbase, Levi Strauss, AMC and more
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
6 minutes ago
- Yahoo
If You're Thinking About Buying an EV, Trump Made Now the Time To Do It
If you've been on the fence about switching to an electric vehicle (EV), now might be the perfect time to make the leap. Tax credits for buying an EV were supposed to last through 2032, per CNBC, but President Donald Trump's 'One Big Beautiful Bill' killed the tax breaks for new and used EVs. While the bill axed the credit, there's still time to take advantage before EVs become more costly. With the clean vehicle credit, qualified buyers can receive a $7,500 credit for new EV or a $4,000 credit for a used EV until Sept. 30 2025. The credit can reduce the cost of the vehicle by thousands; however, there are several restrictions to take note of. Read Next: Check Out: Here's what to know about the credit and why it might be the smartest time to buy. Clean Vehicle Credit Guidelines Not all buyers can cash in on the credit. According to the IRS, income ceilings stop at $150,000 for individual filers. That rises to $225,000 for heads of household and $300,000 for joint filers. According to Rob Dillan, automotive expert and founder of EVhype, there are price caps for vehicles, too — $55,000 for sedans and $80,000 for vans, SUVs and trucks. 'Fifty percent or more of a vehicle's battery must also be made with American parts, and the vehicle must be constructed with materials from the United States or countries the United States has trade agreements with,' he explained. 'These criteria will also rule out some EV models, so potential buyers will need to verify eligibility before purchasing.' In addition, the EV must weigh less than 14,000 pounds in gross vehicle weight, have a battery storage capacity of 7 kilowatt-hours or more, go through final production in North America, and be produced by a qualified manufacturer (excluding fuel-cell vehicles), per TurboTax. Learn More: Now Is the Time To Buy If you qualify, the credit could significantly lower the cost of buying an EV. 'The credit is going to make a big difference in cost, since the average transaction price of a new EV in 2025 is projected to be $56,910,' Dillan said. 'The federal tax credit is also likely to disappear in September based on timing alone, so now certainly seems to be the time for potential owners to move if they want to cash in on this financial bonus.' EV Considerations EV sales are up 11.4% year over year, according to Kelley Blue Book, with new models from Acura, Audi, Chevrolet, Honda and Porsche helping drive up sales. But before deciding whether an EV is the way to go, there are many things to consider. 'Depreciation is a big factor to take note of,' Dillan said. 'Some electric vehicle models hold only 49% of their value after two years, compared with 83% for gasoline-powered cars.' Reasons for the drop in value include battery life, limited charging stations, quickly evolving tech that becomes obsolete in older models and brand reputation, per Diminished Value of Georgia. With that in mind, it reported that the Tesla Model 3 and Hyundai Kona Electric are proving to have a higher resale value than previous EV models. Owning an EV will save you on gas, but Dillan said without the tax credit savings, 'the massive savings on maintenance and fuel bills are likely not enough to recoup the higher purchase price and possible depreciation hit of an electric vehicle.' Editor's note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on More From GOBankingRates Here's the Minimum Salary Required To Be Considered Upper Class in 2025 This article originally appeared on If You're Thinking About Buying an EV, Trump Made Now the Time To Do It Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 minutes ago
- Yahoo
Whitecap expects production to come in at high end of forecast range after Veren deal
CALGARY — Whitecap Resources Inc. says it's made good progress toward integrating the people and assets it acquired through its combination with Veren Inc. this spring. The deal closed in mid-May and chief executive Grant Fagerheim says there have been "plenty of early wins" on cutting corporate costs and improving Whitecap's credit profile. Whitecap says it expects production this year to come in at the high end of its forecast range of between 295,000 and 300,000 barrels of oil equivalent per day. Its capital budget for 2025 remains unchanged at $2 billion. The Calgary-based company is beginning its budgeting process for 2026, and Fagerheim says there are a lot of projects to choose from and the spending program can easily be tailored to commodity pricing. The all-stock transaction with Veren resulted in Whitecap becoming the biggest landholder in the Montney and Duvernay shales in Alberta and B.C. and the second-largest oil producer in Saskatchewan. This report by The Canadian Press was first published July 24, 2025. Companies in this story: (TSX:WCP) Lauren Krugel, The Canadian Press Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
6 minutes ago
- Yahoo
Former Ameriprise Advisors Launch RIA, Laurel Oak Wealth Management, Backed by Goldman Sachs
MARLTON, N.J., July 24, 2025--(BUSINESS WIRE)--A team of five New Jersey-based financial advisors who previously managed more than $2.3 billion in client assets has launched Laurel Oak Wealth Management, a new independent registered investment advisory firm. The firm delivers personalized financial planning and investment management to clients across the U.S. Founded by industry veterans Christopher Heiser, Robert Andreacchio, Louis LaSelva, Matthew Fitzgerald, and Keith Radimer, Laurel Oak combines more than 135 years of collective wealth management experience. Previously with Ameriprise Financial, the team has found success serving multigenerational families, professionals, and business owners. They stand out for customized strategies in retirement planning, legacy preservation, and complex financial transitions. "Our goal in launching Laurel Oak was to create a firm where advice is personal, communication is clear, and clients always come first," said Christopher Heiser, a founding partner. "As an independent RIA, we now have the flexibility to tailor strategies without the limitations of a corporate agenda." Going independent also meant adopting a modern tech stack, helping to streamline onboarding, reporting, and communication. This means less paperwork, faster response times, and greater transparency at every step. To support that mission, Laurel Oak chose Goldman Sachs as their custodial partner, entrusting them to securely hold client assets and execute transactions under the firm's direction. With Goldman Sachs' digital-forward platform, the team gains access to institutional-grade tools that elevate both client security and service delivery. The dedicated transition support staff helped ensure a smooth move, resolving any complications quickly and efficiently. "We are pleased to be the custodial platform of choice for Laurel Oak Wealth Management," said Bill Dalton, Head of RIA Custody Sales at Goldman Sachs. "Our digital-forward platform will enable their advisors to access Goldman Sachs' institutional-grade products and services. Our team looks forward to working with Laurel Oak Wealth Management and supporting them as they grow." "Our growth has always been rooted in one principle: showing up for people when it matters most," added Louis LaSelva. "Laurel Oak represents that mindset at scale." Laurel Oak Wealth Management's main office is located at 5 Greentree Center, 525 Route 73 N, Suite 200, Marlton, NJ. For more information, visit View source version on Contacts Media Contact Jennifer RelovskyMarketing Specialist, Business Development 856-449-8263 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
