industry news

Automakers warn most electric vehicles won't qualify for federal tax credit

Automakers warn most electric vehicles won’t qualify for federal tax credit

But the auto industry warns that the vast majority of electric vehicle purchases will not qualify for such a large tax credit. This is primarily due to the bill’s requirement that, to qualify for the credit, an electric vehicle must contain a battery built in North America with minerals mined or recycled on the continent. …

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Occidental Petroleum beats earnings estimates and pays off debt

Occidental Petroleum beats earnings estimates and pays off debt

Text size Occidental stock has doubled this year and is the best performer in the S&P 500, Callaghan O’Hare/Bloomberg Warren Buffett probably liked western oil it is report on second quarter results. Occidental Petroleum (Ticker OXY), in which Buffett’s Berkshire Hathaway (BRK/A, BRK/B) is the largest shareholder, exceeded earnings estimates, paid off nearly $5 billion …

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