Former President Donald Trump’s economic proposals have been analyzed by the nonpartisan Penn Wharton Budget Model, revealing that they would lead to an increase in federal deficits by $5.8 trillion over the next decade. This staggering number is almost five times more than the deficit increase projected from the economic proposals of Vice President Kamala
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Amazon aggregators Branded and Heyday have announced plans to merge, forming a new entity called Essor, which symbolizes taking flight in French. This merger comes at a time when the e-commerce industry is witnessing a period of consolidation following the Covid era boom. The combined companies are expected to generate an annual revenue of $400
Recently, the Harris campaign made headlines by announcing a staggering $40 million in donations following Vice President Kamala Harris’ speech at the Democratic National Convention. This brings the total amount raised for Harris’ election efforts to an impressive $540 million. According to a campaign memo by Jen O’Malley Dillon, a third of these donations were
Boeing’s Starliner capsule will be returning from the International Space Station (ISS) without the NASA astronauts it delivered to orbit in early June. This decision was recently announced by NASA, pointing out that Starliner will be coming back to Earth empty. This means that NASA will have astronauts Butch Wilmore and Suni Williams return via
Chinese electric vehicle (EV) manufacturers, blocked from the U.S. market due to tariffs, have shifted their focus towards selling their high-tech cars in Mexico. Last year, China was the leading car supplier to Mexico, exporting $4.6 billion worth of vehicles. Customers in Mexico, even those skeptical of EVs, have been attracted to the affordable price
Philadelphia Federal Reserve President Patrick Harker recently provided a strong endorsement for an interest rate cut coming in September. In an interview with CNBC from the Federal Reserve’s annual retreat in Jackson Hole, Wyoming, Harker expressed a clear belief that a rate cut is almost certain when officials convene next month. This position is significant
In a stunning turn of events, Vice President Kamala Harris has managed to secure nearly $500 million in donations for her White House bid within just a month of President Joe Biden’s endorsement. This massive influx of funds includes contributions to Harris’ campaign as well as various other fundraising entities associated with her election efforts.
Waymo, the Alphabet-owned driverless vehicle venture, has been making significant strides in the world of autonomous transportation. With over 100,000 paid robotaxi rides per week in the U.S., Waymo has doubled its weekly trips since May. The company has been focusing its efforts on cities like San Francisco, Phoenix, Austin, and Los Angeles, where it
Vice President Kamala Harris has proposed increasing the corporate tax rate to 28% as part of her plan to generate revenue and fund ambitious programs as president. This move is seen as a way to redistribute wealth and ensure that working class individuals receive their fair share. The proposal comes in the wake of former
President Joe Biden’s upcoming keynote address at the Democratic National Convention has taken on a new significance following his decision not to seek a second term. His message is expected to focus on the importance of the upcoming election while also highlighting the accomplishments of Vice President Kamala Harris and Minnesota Gov. Tim Walz during