The Federal Reserve recently announced its decision to keep its key interest rate unchanged, signaling that only one cut is expected before the end of the year. This decision came as a surprise to the markets, which were hoping for a more accommodative stance from the central bank. The Federal Open Market Committee (FOMC) policymakers,
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The recent announcement from the U.S. Treasury Department and Internal Revenue Service about issuing more than $1 billion in tax credits as an upfront cash incentive for buyers of electric vehicles has stirred a lot of interest and discussions. This move is seen as a significant step in promoting the adoption of electric vehicles across
Major League Eating shocked fans and competitors alike with the recent announcement that they will be parting ways with the legendary Joey “Jaws” Chestnut ahead of this year’s Nathan’s Famous Fourth of July hot dog eating contest. The decision comes as a surprise to many, especially considering Chestnut’s impressive track record as a 16-time champion
In a surprising turn of events, Oracle’s shares skyrocketed by as much as 9% in after-hours trading following the announcement of cloud deals with tech giants Google and OpenAI. This positive development comes on the heels of the company’s fourth-quarter financial results that failed to meet Wall Street’s expectations. Although Oracle’s earnings per share fell
When Supplemental Security Income (SSI) was first implemented 50 years ago, the maximum monthly benefit was $140 per individual. Fast forward to 2024, and the maximum monthly benefit has only increased to $943 for individuals, which is still well below the federal poverty level of $1,255 per month. The average monthly benefit for individuals remains
As the 2025 deadline for the expiration of the tax breaks enacted by former President Donald Trump via the Tax Cuts and Jobs Act of 2017 approaches, both President Joe Biden and Trump have promised to extend these tax breaks for the majority of Americans. These tax breaks include lower federal income brackets, higher standard
Apple users will soon have the ability to utilize buy now, pay later loans from Affirm for their purchases, the two companies revealed on Tuesday. This collaboration will make Affirm an option for U.S. Apple Pay users on their iPhones and iPads later this year, as shared by the San Francisco-based fintech company in an
The cost of maintaining a home in the United States has been steadily increasing, adding to the already expensive process of buying a house. Recent data from Bankrate.com reveals that the “hidden costs” of homeownership now amount to an average of $18,118 annually, translating to $1,510 per month. These expenses encompass property taxes, homeowners insurance,
The United Auto Workers (UAW) President, Shawn Fain, is currently under investigation by a federal court-appointed watchdog, Neil Barofsky. The investigation aims to uncover whether Fain has abused his power as the union president and if there have been any acts of corruption within the union’s leadership. The court filing reveals accusations of obstruction and
Delta Air Lines recently announced its plans to introduce premium economy service on its transcontinental flights starting in September. This move is part of the airline’s strategy to cater to customers who are willing to pay extra for enhanced comfort and perks during their travel experience. Premium economy has become a popular class of service
