Simone Del Rosario
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EV price cuts to tax refunds: 5 reasons you can buy a car again
The market for new and used cars has been difficult over the last two years. Pandemic-induced supply chain issues emptied dealership lots and pushed prices through the roof. It looks like the situation could be turning back in favor of the consumer. Here are the reasons now is finally the time to buy in this… -
Egg seizures soar at the border as more Americans try to escape US prices
As the price of eggs soars in the U.S., due in large part to the bird flu, more people are trying to score deals south of the border. U.S. Customs and Border Protection (CBP) is scrambling to let travelers know that raw eggs and poultry can’t cross that road. In California, a dozen eggs will… -
Fed hikes rate by 25 basis points, its first ‘normal’ increase since March 2022
For the first time since March 2022, the Federal Reserve has executed a so-called “normal-sized” rate hike of 25 basis points. The Fed’s decision was widely anticipated by markets and marks the eighth consecutive rise in the lending rate in less than a year. It also represents the second meeting in a row the Fed… -
The $7,500 EV tax credits are being handed out for vehicles that don’t qualify
One of the biggest money-in-your-pocket policies from the Inflation Reduction Act (IRA) is causing a major stir in the U.S. and abroad. The new $7,500 electric vehicle tax credit went into effect Jan. 1, but at least one Senate Democrat wants to temporarily yank back the perk. Sen. Joe Manchin, D-W.Va., introduced a bill last… -
Biden weighs cutting off Huawei from US tech, China calls it ‘abuse of state power’
The Biden administration is reportedly considering cutting off Huawei from all American technology. The move would be the biggest crackdown on the Chinese telecommunications company to date. The Financial Times was the first to report the possibility, with a source saying it would be “catastrophic” for the company. The harsh course of action is in… -
US lost 287,000 jobs while government was reporting +1 million in gains
The labor market may have been much weaker than the government let on in 2022. While the Bureau of Labor Statistics initially reported the U.S. economy added 1.2 million jobs last spring, a new report shows the private sector had a net loss of 287,000 jobs during the same time period, a difference of nearly… -
M&M’s bows to political pressure but these 5 brands embrace the divide
M&M’s is turning some strange backlash over the footwear choices of their animated mascots into opportunity. Earlier this week, the brand announced it ditched its now-divisive spokescandies in favor of actress Maya Rudolph, who is already making some changes to the famous treat. M&M’s decision appears to show it bowing to backlash for being too… -
US economy grew 2.1% in 2022, bouncing back from negative first half
The U.S. economy grew 2.1% in 2022, despite widespread fears the country was heading toward a recession. That’s according to the latest gross domestic product data from the Bureau of Economic Analysis out Thursday. In the fourth quarter of 2022, the advanced estimate shows a growth of 2.9%, slightly above analysts’ expectations for the quarter.… -
The ‘greenhushing’ era? Political climate has companies staying quiet on climate
Greenwashing is a term that’s been around since the 1980s, coined to describe companies that mislead or lie about environmental achievements. But 2023 may be the year of “greenhushing,” where companies start staying quiet about climate goals and progress. A recent report by South Pole said that nearly a quarter of surveyed global climate leaders… -
Debt ceiling drama a ‘farce’ since US can’t legally default: economist
Congress is at a familiar crossroads in 2023. Since 1960, elected representatives have acted on the debt ceiling 78 times to avoid default. As the U.S. breaches its current $31.4 trillion ceiling, the Treasury Department is taking “extraordinary measures” to avoid default. Those measures will help stave off decision-making time until June, but Congress theoretically… -
The trillion-dollar coin: A gimmick or a real solution to the debt crisis?
Could the nation’s debt crisis be solved by a single coin? Every day the U.S. gets closer to defaulting on its debt, the calls grow louder for a trillion-dollar solution. In true fashion, The Simpsons got close to foreshadowing this exact scenario in a 1998 episode titled, “The Trouble With Trillions,” in which former President… -
Goodbye hybrid work: 5 signs 2023 is the year of return to office
Before the COVID-19 pandemic, only 8% of employees worked exclusively remote, but that jumped to 39% by early 2022, according to a survey from Gallup. But the days of rolling out of bed and making yourself presentable from the waist up could be coming to an end this year. Yes, it might be time to… -
More and more people aren’t paying their car loans. Is a crisis coming?
Used vehicle prices are finally starting to normalize after skyrocketing in 2021, but that does nothing for existing borrowers who are showing signs of being in trouble. The number of borrowers who are at least 60 days late on making their car payment has gone up 26.7% from a year ago, according to Cox Automotive…
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