Today: 1. Jul, 2024
In May 2024, U.S. consumers experienced unexpected price drops in several goods and services, reflecting localized deflation amid broader easing inflationary trends. While inflation measures the rate at which consumer prices rise, deflation is the rate at which they decline. Joe Seydl,…
A formidable earthquake measuring 7.4 on the Richter scale recently struck Taiwan’s eastern coast, marking the most potent seismic activity in the region in a quarter-century. Tragically, the quake claimed nine lives and inflicted substantial damage to infrastructures. Among the entities grappling…
In a surprising twist, November’s pending home sales remained steady, unaffected by the dramatic fluctuations in mortgage rates. This stability, as reported by the National Association of Realtors, comes amidst a landscape of high home prices and limited supply. With mortgage rates…
As the automotive industry gradually recovers from the tumultuous impact of the COVID-19 pandemic and ensuing supply chain disruptions, the U.S. new car market is showing signs of a modest revival. Industry analysts are projecting a slight increase in vehicle sales for…
In a decisive move to strengthen its position in the electric vehicle (EV) market, Cadillac has announced the introduction of the Optiq, a new entry-level EV in the form of a compact crossover. Positioned to expand Cadillac’s EV lineup, the Optiq will…
