US Markets Economy-Taxes, Tech News Analysis
Introduction The Federal Reserve’s credibility is under scrutiny as top economist Mohamed El-Erian warns that the central bank is at risk of losing credibility on inflation no matter what policy decision it makes at its upcoming March meeting. In this article, we will delve into the reasons why the Fed’s credibility is at risk and its potential impact on the markets and the economy. The Fed’s credibility is crucial in…
On March 2, 2023, it was reported that the number of initial jobless claims in the United States fell again to 190,000 from the previous week’s 192,000, continuing to defy forecasts for a slowdown in the labor market. This is despite a visible rise in layoffs across much of the U.S. economy. Continuing claims, which are seen as a better indicator of how easy or difficult it is for the…
On March 2, 2023, Tesla held its four-hour-long Investor Day where it has announced Tesla Master plan 3, where it shared updates on its progress towards becoming the driver of the global shift to renewable energy. The event featured a lineup of department leads who discussed operational efficiencies and cost reductions. Tesla’s big goal is to produce 20 million electric vehicles (EVs) annually by 2030, a target it has been…
Georgia defensive tackle Jalen Carter, who was expected to be one of the top players in next month’s NFL draft, has been charged with reckless driving and racing in relation to a crash that killed offensive lineman Devin Willock and a recruiting staff member. The charges were announced by the Athens-Clarke County Police Department, who issued an arrest warrant on Wednesday, alleging that Carter was racing his 2021 Jeep Track…
Social Security is a crucial source of income for millions of seniors in retirement. However, the program’s financial state has been a hotly debated topic in Washington for some time now, and there may be big changes ahead. In this blog post, we will discuss three potential Social Security changes that could impact your benefits. Future Benefit Cuts in social Security Social Security has been running at a deficit for…
Introduction: Social Security is an essential program that provides financial support to millions of people, including seniors, those with disabilities, and children. Recently, the Social Security Administration proposed a change in how benefits are calculated for Supplemental Security Income (SSI) recipients, which could result in bigger monthly payments. In this blog post, we will explore the proposed rule and its potential impact. Proposed Rule: Removing Food from Calculation of In-Kind…
Introduction: Eli Lilly, a leading pharmaceutical company in the US, recently announced a significant reduction their insulin prices products by 70%. The move is aimed at making insulin more affordable and accessible to millions of people living with diabetes in the US. The company also plans to cap out-of-pocket costs for privately insured patients at $35 a month, a significant relief to those who have been struggling to afford their…
The Supreme Court is poised to reject Biden’s student loan forgiveness proposal to erase or reduce student loans held by millions of Americans. Conservative justices hold the majority and in arguments that lasted more than three hours, Chief Justice John Roberts and his conservative colleagues questioned the administration’s authority to cancel federal student loans broadly due to the COVID-19 emergency. Without the loan relief promised by the Biden plan, delinquencies…