Market Trends and Innovations
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Trump Blasts Taylor Swift as “Disloyal” for Not Endorsing Him in 2024
Former president Donald Trump launched an attack on pop superstar Taylor Swift on Sunday, accusing her of being “disloyal” for not endorsing him for the 2024 presidential election. In a post on his Truth Social platform, Trump took credit for signing the Music Modernization Act in 2018, which he claimed helped Swift earn substantial money. He contrasted this with president…
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Don’t Let VR Go Too Far – Tesla and Apple Respond to Dangerous Driving Videos
Eyes on the Road: Tesla and Apple Caution Against Using VR Headsets While Driving San Francisco, CA – Videos of Tesla drivers wearing Apple’s new Vision Pro virtual reality headset while operating vehicles on public roads have gone viral online, raising major safety concerns. In response, both Tesla and Apple have issued reminders about the importance of focused driving, as…
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Will Federal Employees Get a 7.4% Pay Raise in 2025?
The question of what the 2025 federal pay raise will be has entered the spotlight early this year. A bill introduced in Congress proposes raising federal salaries by 7.4% in 2025. This Federal Adjustment of Income Rates (FAIR) Act aims to close the growing gap between federal and private sector pay. But will this ambitious plan come to fruition? The…
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Obama’s Former Pentagon Chief Ripped Biden’s Foreign Policy Judgement in Memoir
In the wake of a deadly attack on a U.S. military outpost in Jordan that took the lives of three American soldiers, former Obama Defense Secretary Robert Gates’ past criticism of President Biden’s flawed foreign policy decisions has come under renewed scrutiny. Former Obama Defense Secretary’s Scathing Biden Foreign Policy Criticism Resurfaces After Tragic Military Attack Gates, who served as…
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China’s Debt Crisis Deepens As Evergrande Ordered Into Liquidation. The real estate giant owes over $300 billion
Hong Kong’s High Court has ordered the liquidation of China Evergrande Group, once the country’s top-selling property developer, after its failure to restructure over $300 billion in debts, plunging China further into economic uncertainty. Judge Linda Chan stated on Monday that Evergrande’s inability to put forward a viable proposal to repay creditors alongside its insolvency left her no choice but…
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Fed Nears Inflection Point as Inflation Shows Further Cooling
The Federal Reserve moved one step closer to potentially easing its aggressive interest rate hiking campaign, as new data on Friday showed inflation continuing to drift back towards the central bank’s 2% target. The Commerce Department’s personal consumption expenditures (PCE) price index, the Fed’s preferred inflation gauge, rose just 0.2% in December from the prior month and 2.6% from a…
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Macy’s Rejects $5.8 Billion Buyout Bid From Investors Despite Struggles
Macy’s announced on Sunday that its board rejected a $5.8 billion take-private buyout bid from an investor group led by Arkhouse Management and Brigade Capital Management. The retailer cited a “lack of compelling value” and also raised financing concerns over the $21 per share offer. The bid by Arkhouse and Brigade represented a 32% premium over Macy’s stock price in…
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Dow Closes Above 38,000 for First Time Ever as Stocks Hit Record Highs
New York – The Dow Jones Industrial Average crossed the 38,000 mark for the first time ever on Monday, as the stock market’s rally to start 2024 continued with major indexes hitting fresh record highs. The Dow closed up 138 points, or 0.4%, finishing at an unprecedented 38,001.81. The blue-chip index’s milestone close comes amid a banner year so far…
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Biden Administration Proposes Strict Limits on Overdraft Fees to Provide Relief
The Biden administration made a major regulatory move this week that could save American consumers billions in overdraft fees charged by the nation’s largest banks. The proposed rules from the Consumer Financial Protection Bureau (CFPB) aim to rein in what the administration calls “junk fees” that disproportionately impact lower income households. Overdraft Fees Targeted in New Regulations Overdraft fees are…
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Child Tax Credit Increase: What You Need to Know for 2024
The child tax credit (CTC) helps working families by reducing their federal income tax. Congress is considering expanding the CTC in 2024, which could provide more financial relief to millions of households. This article explains what the proposed child tax credit increase entails and who stands to benefit most. How Might the Child Tax Credit Increase in 2024? Currently, the…
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