China's BYD, MG give 2024 Geneva auto show a boost
The presence of two big Chinese brands, BYD and MG Motor, could help to make up for the loss of some top automakers such as VW, Stellantis and BMW.
Terry Savage: Take stock of your portfolio in December
Long ago, when Americans mostly owned stocks and mutual funds in accounts outside of retirement plans and IRAs, December was known as the tax-loss selling season. This was the practice of “harvesting” losses to offset gains, and a limited amount of ordinary income.
But these days, the majority of individual investments are held in tax-sheltered retirement accounts, where all withdrawals will eventually be taxed as ordinary income. As of December 31, 2022, a total of $37.8 trillion was held in U.S. retirement plans and accounts, of which $26.3 trillion was in employer-sponsored plans and $11.5 trillion was in IRAs, according to the Congressional Research Institute.
Taxes still matter to those who sell individual stocks or mutual funds not owned inside a retirement account. They can still benefit from lower capital gains tax rates. Be careful to avoid the “wash sale” rules, which say that if the stock (or a similar security) is repurchased within 30 days, the loss will be disallowed. And those who own mutual funds outside of retirement accounts, must also pay taxes on gains and income distributed by their funds.
Ford says UAW strike cut profits by $1.7B; new contract to cost $8.8B
Ford said the UAW’s new contract would increase labor costs by $8.8 billion, or an average of $900 per vehicle in 2028.
UAW organizing Tesla would mean 'we failed in some way,' Musk says
The EV maker enables line workers to become managers and even millionaires, Musk said. A union would get in the way. “If Tesla gets unionized, it will be because we deserve it and we failed in some way,” he said.
Our Next Energy develops EV battery with 608-mile range for BMW iX
Most EVs can drive 200 to 300 miles on a full charge, according to J.D. Power.