Former President Donald Trump was doing more than just talking about the auto industry at the Detroit Economic Club on Thursday, Oct. 10. He made headlines when he said he supports making interest on car loans tax deductible. Trump compared car loan interest to interest that Americans pay on their home mortgages. However, any change…

As the race for president enters its final few weeks, it is tough to tell who is actually ahead. The race appears to be very tight, with different numbers giving different results depending on which site you visit. In fact, Vice President Kamala Harris’ official campaign website opens with the declaration, “WE ARE FALLING BEHIND.”…

Fire officials in Florida sent a warning on Monday, Oct. 7, that electric vehicles (EVs) could be “ticking time bombs” in the wake of Hurricane Milton, which made landfall on Wednesday, Oct. 9. The problem stems from saltwater brought in with the storm surges, and while the issue is rare, the risk is real. Saltwater…

Hurricane Milton was a one-in-1,000-year rainfall event for the Tampa, Florida, area, with wind gusts around 100 miles per hour. The roof blew off the Tampa Bay Rays’ Tropicana Field, which was supposed to house hurricane workers. Hurricane Milton has torn through Florida, and now comes the recovery. A Morningstar analysis ahead of the storm…

Recovery efforts for Hurricane Helene are just getting started in the southeastern U.S., as Hurricane Milton makes landfall in Florida. The back-to-back disasters less than two weeks apart will have a lasting impact on the economy, Atlanta Federal Reserve Bank President Raphael Bostic warned during the week of Oct. 6. Bostic said hurricane season impacts…

The Social Security Administration announced Thursday, Oct. 10, that beneficiaries will receive a 2.5% increase in 2025. That amounts to a boost of about $50 per month, on average. More than 70 million Americans will be affected. Social Security is often a big issue during election years. Vice President Kamala Harris has stated she would…

Former President Donald Trump is scheduled to hold a rally in Reno, Nevada the night of Friday, Oct. 11. His appearance underscores the importance of Nevada, with the presidential election less than one month away. Nevada has six electoral votes and is viewed as one of just a handful of battleground states. Both the Trump…

Consumer price inflation cooled for the sixth straight month in September 2024, coming in at 2.4% annually. Monthly prices rose 0.2% from August, according to data released by the Bureau of Labor Statistics Thursday, Oct. 10. Core inflation, which removes more volatile food and energy prices, rose 3.3% annually and 0.3% compared to August. September’s…

On Sept. 27, eleven workers at a Tennessee plastics plant were swept away by floodwaters from Hurricane Helene while clinging to the back of a flatbed semitruck as the water rapidly rose. The truck was later struck by debris, causing at least 10 employees of Impact Plastics to be thrown into the floodwaters. Five workers…

The United States and China share a relationship that can be described as “complicated.” Their economies are deeply intertwined and interdependent. According to a Government Accountability Office report, nearly a third of foreign students and scholars in the U.S. are from China, with some involved in developing defense-related technologies. At first glance, the two countries…