Inflation, which is an important economic indicator in measuring the rate at which prices are changing across the economy, has decreased in June 2024. The Consumer Price Index (CPI) rose by 3% in June compared to a year ago, showing a decline from May’s rate of 3.3%. This decrease in inflation has provided some relief
The U.S. Department of the Treasury and the IRS have marked a significant achievement in collecting over $1 billion in tax debts from high-income individuals over the past year. This accomplishment is part of an initiative to target those making over $1 million annually with recognized tax debts exceeding $250,000. Treasury Secretary Janet Yellen emphasized
China has been at the forefront of developing and testing robotaxis in recent years, with local governments in cities like Beijing and Guangzhou allowing domestic players to operate driverless taxi rides for the public. This trend has gained significant traction, leading to an increase in consumer adoption of robotaxis. Platforms like Douyin and Weibo have
As Wall Street gears up for a new wave of cryptocurrency exchange-traded funds, the focus has shifted to ethereum. The prospect of spot ether ETFs entering the market is imminent pending U.S. Securities and Exchange Commission approval. Bitwise Asset Management’s chief investment officer, Matthew Hougan, is poised to dive into this burgeoning market segment. He
Costco, the popular membership-based warehouse club, recently announced that it will be increasing its membership fees in the U.S. and Canada. This change is set to take effect on September 1st, with the annual membership cost being raised from $60 to $65. In addition, the higher-tier “Executive Membership” will increase from $120 to $130 per
Medical debt in collections appearing on credit reports has decreased significantly over the past decade, according to new research by the Urban Institute. In 2013, 19.5% of Americans had medical debt in collections, while in 2023, that number dropped to just 5%. Efforts by major credit bureaus in 2022 and 2023 played a vital role
The Federal Trade Commission is gearing up to file lawsuits against three prominent U.S. health companies for their role as intermediaries in negotiating prices for medications such as insulin. According to a source familiar with the matter, the agency believes that these companies are artificially inflating costs for patients, ultimately making healthcare less affordable for
As the 2024 presidential election approaches, many investors are feeling anxious about the potential impact of the election on their finances. According to a survey conducted by Betterment, more than half of investors (57%) are nervous about the upcoming election, with 40% expecting to make changes to their investments based on the election outcome. This
With NASA astronauts currently docked at the International Space Station for a longer period than initially anticipated, the agency’s leadership is starting to consider potential alternatives for returning the crew back to Earth. While Boeing’s Starliner remains the primary option for the return journey, officials are now acknowledging the need to explore other possibilities due
Bill Gross, a longtime investor, has raised concerns about Tesla’s recent behavior in the stock market. He believes that Tesla is starting to resemble a speculative play commonly seen among retail investors. Gross pointed out that Tesla is exhibiting characteristics reminiscent of a meme stock, with “sagging fundamentals” and a surge in price action. This