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US retail sales growth in 2024 expected to slow due to high credit costs, inflation

The nation’s largest retail trade group expects the country’s retail sales to grow between 2.5% and 3.5% this year, a steady but still slower pace than last year’s 3.6%. ing. The National Retail Federation announced Wednesday that it expects retail sales to reach $5.23 trillion to $5.28 trillion this year. The 2024 forecast is roughly […]

Biden administration finalizes rule expected to require significant shift to EVs

The Biden administration on Wednesday finalized rules that are expected to make a significant portion of the new car market electric or hybrid. According to the rules, 56% of new cars on the market in 2032 could be battery electric vehicles, and a further 13% could be plug-in hybrids. In this scenario, only 29 percent […]

Aaron Rodgers not expected to be picked as RFK Jr.’s vice president

The Jets and their fans can now refocus on getting Aaron Rodgers back on the football field. Independent presidential candidate Robert F. Kennedy Jr. had considered Mr. Rogers as a candidate, but now plans to select Nicole Shanahan as his running mate. According to Mediaite’s report on Saturday. Kennedy told the New York Times earlier […]

National Guard subway plan ‘working as we expected’

Gov. Cathy Hochul defended her controversial effort to deploy the National Guard on the city’s public transit system, saying it remains on track even after a man was shot in the eye with his own gun on the subway this week. He said there was. “My purpose is [the National Guard is] Visible at Major […]

Bill to Ban China’s TikTok Expected to Face Fight in Senate

Chinese-owned social media giant TikTok could soon be forced to cease operations in the United States if a bill recently passed by the House of Representatives becomes law. This bill is expected to have a very difficult time passing the Senate. CBS News report Americans’ access to China’s TikTok is at risk as a bill […]

Goldman Sachs CEO warns inflation may prove ‘stickier’ than expected

Treasury Secretary Janet Yellen talks about inflation risks, taxes and credit card debt in an exclusive interview with FOX Business. Goldman Sachs Chief Executive David Solomon said on Friday that overcoming inflation may prove more difficult than previously expected after a series of reports showed price pressures in the country. I warned you that it’s […]

Mortgage rates decline for second week, but no major drops expected soon

Payne Capital Management President Ryan Payne weighed in on the U.S. economy, arguing that Americans’ purchasing power will continue to “strengthen.” Mortgage rates fell for the second week in a row, but economists don’t expect them to fall significantly in the near future. Freddie Mac’s latest primary mortgage market study, released Thursday, found that the […]