In recent months, inflation rates have shown signs of easing, providing some relief for consumers. The consumer price index, a key measurement of inflation, rose 3% in June compared to the previous year, a slight decrease from the 3.3% recorded in May. This decline in inflation can be attributed to various factors, including lower gasoline
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The U.S. Department of the Treasury and the IRS recently celebrated a significant milestone of collecting over $1 billion in tax debt from high-income individuals in the past year. This achievement was hailed as a major success by Treasury Secretary Janet Yellen, emphasizing the importance of targeting those making above $1 million annually with substantial
Over the past few years, China has been focused on developing robotaxis, and this initiative is finally starting to resonate with consumers. However, as local Chinese governments begin to allow domestic players to operate robotaxi services for the public, taxi drivers are becoming increasingly anxious about the threat of losing their jobs due to heightened
Recent news from Wall Street reveals that a wave of new cryptocurrency exchange-traded funds (ETFs) focused on ethereum is set to hit the market. This development comes on the heels of the successful launch of spot bitcoin ETFs earlier this year. Matthew Hougan, Chief Investment Officer of Bitwise Asset Management, is particularly optimistic about the
The Federal Trade Commission is reportedly gearing up to take legal action against three of the largest U.S. health companies that operate as middlemen in negotiating medication prices. These companies, which include UnitedHealth Group’s Optum Rx, CVS Health’s Caremark, and Cigna’s Express Scripts, are accused of engaging in practices that drive up costs for patients.
The upcoming presidential election between President Joe Biden and former President Donald Trump has left many investors feeling anxious about the possible impact on their investments. In a survey conducted by investment company Betterment, it was revealed that 57% of investors are feeling nervous about the election, with 40% expecting to make changes to their
As the NASA astronauts continue to be docked at the International Space Station beyond their scheduled stint, concerns have been raised regarding the contingency plans for their return. While Boeing’s Starliner was initially the primary choice for bringing the crew back to Earth, recent developments have warranted a reevaluation of the available options. Potential Alternatives
Despite efforts to reduce the presence of medical debt in collections on credit reports, many Americans continue to struggle with unpaid balances resulting from healthcare expenses. Research from the Urban Institute reveals that the percentage of individuals with medical debt in collections that appeared on their credit reports has diminished over the past decade. In
Costco, the popular membership-based warehouse club, recently announced that it will be increasing its membership fees in the U.S. and Canada. Beginning September 1, the annual membership fee will rise from $60 to $65, while the higher-tier “Executive Membership” will increase from $120 to $130 per year. This fee increase will impact approximately 52 million
The upcoming 2024 election may see student loan forgiveness as a hot-button issue, particularly in relation to the policies of President Joe Biden. The Biden Administration has set a timeline to finalize a rule on student loan relief in October, right before the election, potentially influencing voter sentiment. Conservatives have expressed concerns about the fairness