Former President Donald Trump’s economic proposals have been analyzed in a new study from the nonpartisan Penn Wharton Budget Model. The study reveals that Trump’s plan would significantly increase federal deficits by $5.8 trillion over the next decade. The report highlights that extending the 2017 tax cuts permanently would contribute over $4 trillion to deficits
US
The e-commerce industry has been continuously evolving, with various companies and platforms striving to adapt to the changing landscape. One of the recent developments in this sector is the planned merger of Amazon aggregators Branded and Heyday. This merger, aimed at forming a new entity called Essor, signifies a significant shift in the market dynamics.
The recent announcement by the Harris campaign revealed a staggering $40 million in donations following Vice President Kamala Harris’ speech at the Democratic National Convention. This significant windfall brings the total amount raised for Harris’ election efforts to a remarkable $540 million since President Joe Biden exited the race in July and endorsed her. These
Boeing’s Starliner capsule, which delivered NASA astronauts to the International Space Station in early June, will be returning to Earth empty. This decision marks a significant change in plans for both NASA and Boeing, as the capsule was originally intended to be the primary choice for returning the crew. Unfortunately, Starliner’s crew flight test faced
Chinese electric vehicle makers have found a new market in Mexico, where customers are drawn to the affordable price tags of these high-tech cars. Last year, China became the leading car supplier to Mexico, exporting billions of dollars worth of vehicles. Tesla rival BYD, for example, sells its cars in Mexico for a fraction of
Philadelphia Federal Reserve President Patrick Harker recently expressed his support for an interest rate cut that is likely to happen in September. This announcement came during the Fed’s annual retreat in Jackson Hole, Wyoming, where Harker emphasized the need for a methodical easing of monetary policy to address concerns related to inflation and the labor
Vice President Kamala Harris recently made headlines by raising nearly $500 million for her White House bid in just one month. This surge in funding came after President Joe Biden dropped out of the race and endorsed Harris as his replacement. The massive windfall includes a combination of funds from Harris’ campaign and various affiliated
Waymo, the self-driving vehicle venture owned by Alphabet, has experienced a significant surge in its paid robotaxi rides in the U.S. According to a recent announcement by co-CEO Tekedra Mawakana, Waymo is now providing over 100,000 paid rides per week, doubling its weekly trips from just a few months ago. This growth signifies the increasing
Vice President Kamala Harris has recently proposed a major increase in the corporate tax rate to 28% as part of her plan to raise revenues and fund her ambitious projects. This proposal marks a significant shift from previous policies and has sparked debate among politicians and economists alike. Harris’s campaign spokesman, James Singer, stated that
President Joe Biden’s presence and message at the upcoming Democratic National Convention have been significantly altered by his recent decision not to seek a second term. The focus of his speech will now shift towards endorsing Vice President Kamala Harris as his successor, while also emphasizing the ongoing threat that he believes Republican nominee Donald