Tesla and other EV buyers could soon be eligible for $7,500 federal tax credits under Senate deal

If the bill is passed Tesla buyers could be eligible for the benefit. Contributor/VCG/Getty Images Buyers of Tesla and other EVs could be eligible for federal tax breaks under a new Senate deal.  The bill lifts a tax break cap that excludes EVs made by firms which sell more than 200,000 cars per year.  Previously…

China is stockpiling cash instead of pumping it back into their economy – and that’s pushing a decades-high dollar even further

China’s currency has fallen sharply this week. Future Publishing/Getty Images Chinese investors are parking excess liquidity in safe areas of the financial system, Bloomberg reported.  Instead of letting yuan flow to the real economy, the money is ending up in bank bonds and corporate debt. Chinese funds are also heading for the US dollar, helped…

German politician says the country might have to cancel Oktoberfest because of a gas shortage caused by Russia

Workers add the huge roof tarpaulins on the wooden structure at a beer tent on July 8 2022, in Munich. Photo by Peter Kneffel/picture alliance via Getty Images A German politician said she may suggest that Munich cancel Oktoberfest this year. The famed festival — which draws millions — is set to return after a…

All 13 books on the 2022 Booker Prize longlist this year, one of the most prestigious literary awards

This year’s Booker Prize longlist includes four new authors, as well as the oldest and youngest people to ever be nominated. Anna Kim/Insider When you buy through our links, Insider may earn an affiliate commission. Learn more. The Booker Longlist (13 forerunners for the prestigious book award) was announced on July 25, 2022. The 2022…