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(Source-Bankrate) Federal Reserve officials, as per December meeting minutes released on Wednesday, anticipate interest rate cuts in 2024. The Federal Open Market Committee agreed to maintain the benchmark rate in the 5.25%-5.5% range, foreseeing three quarter-point cuts by the end of 2024. However, uncertainty looms over the timing and executio…

(Source-The-Economic-Times-IndiaTimes) After a record-breaking surge, America's labor market has shifted to a more typical pattern, with steady job postings at 8.8 million in November, signaling a cooldown. Hiring dipped to 5.5 million, 363,000 fewer than October, while quits dropped to 3.5 million. Many indicators have returned to pre-pandemic …

Tesla has released its Q4 2023 vehicle production and delivery report, revealing significant growth. In the fourth quarter, the company delivered 484,507 vehicles and produced 494,989. The total annual deliveries for 2023 reached 1,808,581, with an annual production of 1,845,985. This marks a substantial increase of 38% in deliveries and 35% in pro…

Effective Monday, new battery sourcing rules have rendered several electric vehicles ineligible for tax credits of up to $7,500, according to the U.S. Treasury. Notable models affected include the Nissan Leaf, Tesla Cybertruck All-Wheel Drive, certain Tesla Model 3s, and the Chevrolet Blazer EV. The guidelines, aimed at reducing reliance on Chinese…

Social Security recipients are poised for significant changes in 2024, driven by the intersection of inflation and tax adjustments that affect monthly benefits and potential tax liabilities. The top benefit is set to approach $5,000 per month in 2024, with the Social Security program providing vital monthly payments to over 70 million individuals, …

Experts Discuss the Prospects for 2024 After the U.S. Successfully Avoids Recession in 2023, As we look ahead to 2024, the specter of an economic downturn looms, driven by familiar factors that led economists to anticipate a slump in 2023. The persistent surge in inflation compelled the Federal Reserve to implement interest rate hikes, historically…

After announcing in September that advertisements would be integrated into the Amazon Prime Video experience by 2024, Amazon has now confirmed a starting date, triggering a wave of discontent among customers. In an email sent to subscribers, the Company stated that beginning January 29, Prime Video content would feature limited advertisements, emph…

The Colorado Republican Party has sought intervention from the US Supreme Court, challenging a state Supreme Court decision that barred Donald Trump from the state's 2024 ballot. The party argues that the ruling infringes on its First Amendment rights and wrongly applies the "insurrectionist ban" to presidents. Claiming that only Congress can enfor…

The late-night email to Tim Cook that started the Apple Watch story, In 2013 a scientist emailed Apple CEO Tim Cook at 1 a.m. with a proposal to make Apple the leader in the medical, fitness, and wellness market. The email led to swift recruitment, and within weeks, the engineer, Marcelo Lamego, was working on a smartwatch with health sensors. Lame…

Consumer spending demonstrated robust growth during this year's holiday season, dispelling concerns of an economic slowdown and reinforcing positive indicators for the U.S. economy as it navigates through the challenges of the year-end period. According to data released on Tuesday by Mastercard SpendingPulse, which tracks both in-store and onlin…