Purchases

Lucid Motors isn’t about to let potential customers of the other American EV automakers have all the fun. Just because its EVs don’t qualify for federal tax credits under new terms in the Inflation Reduction Act does not mean customers looking to buy a new Lucid Air can’t get $7,500 off. That’s right – for a limited time, Lucid Motors is offering its own $7,500 credit for purchases of select models of the Air sedan. It’s been well over a year since Lucid Motors began production of its Air sedan,…

Apex Legends Mobile is shutting down, less than a year after it was released. In a tweet, developer Respawn Entertainment confirmed its decision to sunset the futuristic battle royale game on Android and iOS, across all regions on May 2 — merely a few weeks before its one-year anniversary. The game will be rendered unplayable at 4:30am IST on that day, with the developer disabling all in-app purchases and removing the title from the store today. All existing purchases will be available to use in the 90-day window leading…

Apple has announced that it is making changes to prices for apps listed on the App Store and to in-app purchases. The Cupertino, California-based tech giant that deals with 44 currencies across 175 iOS app storefronts, has made adjustments to pricing in order to correct for fluctuating foreign exchange rates and tax policy changes in certain countries where the company operates in.According to a blog post by Apple, on February 13, 2023, prices of apps and in-app purchases on the App Store, apart from auto-renewable…

Venture firm Thrive Capital is selling a stake to a group of investors including Walt Disney Co. CEO Robert Iger and KKR & Co. co-founder Henry Kravis, a rare move designed to expand its investing reach and give the founders of the startups it backs access to some of the world’s most powerful business figures.  As a part of the transaction, Brazilian food magnate…

On Jan. 2, Tesla announced fourth-quarter vehicle deliveries that were significantly below the company’s most recent forecast to investors. The news sent Tesla’s stock price plunging when markets opened the next day. The timing of the stock sales raises a crucial question: Did Mr. Musk know that business had slowed when he sold his shares? Tesla hadn’t updated investors on its outlook in nearly two months. “This should be of great interest to the SEC,” said James Cox, a…

U.S. stocks have been on sale of late, but corporate insiders aren’t finding many bargains. Insider sentiment, measured by the trailing three-month average ratio of companies whose executives or directors have been buying stock versus selling, has dropped for six consecutive months, according to data from InsiderSentiment.com. That is the longest such decline in almost two years. Insiders typically have greater insight on the business outlook, and the fact that they haven’t been scooping up their own stocks as the market…

The UK is to become crypto hub: Government is enforcing an exemption Tax on foreign Crypto purchases Tax on Foreign Crypto Purchases: Foreign Investors purchasing cryptocurrencies in the UK must be happy as the government is enforcing a tax exemption for foreign investors buying crypto through local investment managers or brokers starting January 1st. The tax break, announced in December, is a part of Prime Minister Rishi Sunak’s plans to turn the U.K. into a crypto hub. The UK and Cryptocurrencies “This exemption is an…

Apple has been forced to file an amended tax return in Japan to the tune of 13 billion yen ($98 million) after authorities discovered bulk sales of iPhones and other products that were incorrectly exempted from Japan's consumption tax. Nikkei Asia reports that Apple has filed the amended tax return after it emerged that customers had been making bulk purchases of devices like the iPhone 14 in order to resell those handsets. Japan allows tax-free shopping for visitors who spend less than six months in the country on items…

Google has added the new `Purchase Requests` feature that will provide family managers the option to approve or deny children`s purchases. Purchase Requests will make it easier for families to safely purchase both paid apps and in-app purchases, the tech giant said in a blogpost on Tuesday. If users do not have a family payment method set up, children under 13 will be able to send a purchase request directly to the family manager. Users can then evaluate the request and important information about the application or…

Elon Musk ‘s ownership stake in SpaceX has declined in recent years but the chief executive has kept control over the rocket company he founded two decades ago, regulatory filings show. A trust associated with Mr. Musk owns 42% of SpaceX, according to a document the company filed last week with the Federal Communications Commission, which regulates its Starlink satellite-broadband unit. The trust had held a 54% stake in the company as of November 2016, a filing from then shows.  Mr. Musk’s…