Friday’s business headlines
INDIANAPOLIS (WISH) — Here’s a look at Friday’s business headlines with Jane King.
Tax exemption benefits drivers who lease EVs
A tax loophole makes leasing electric vehicles a no-brainer in the U.S.
An exemption in the Inflation Reduction Act is worth $7,500 to drivers who lease.
EV leasing has been on the rise since the U.S. Department of the Treasury opened the loophole by characterizing leased EVs as commercial vehicles in December.
Lumber prices fall again
Lumber prices continued their downward trend, falling 4% toward multi-year lows.
The decline in lumber came amid an unexpected decline in March pending home sales, and as the industry seeks a balance in supply and demand.
Cannabis stock on the rise
Cannabis stocks jumped this week as lawmakers sought again to pass a bill to protect banks that work with legal pot firms.
The proposal is aimed at dealing with safety concerns stemming from legal cannabis businesses being locked out of banking services.
They say forcing legal businesses to operate in all-cash is dangerous for our communities; it’s an open invitation to robbery, money laundering, and organized crime.
Study: Southwest Airlines worst in the U.S.
Southwest is the worst airline in the U.S., according to a new study by WalletHub.
Delta Air Lines was ranked at No. 1 for the second year in a row, followed by Spirit, SkyWest, United, and Alaska.
WalletHub ranked the airlines on factors including lost baggage, on-time performance, legroom, entertainment options, and canceled flights.