Consumer Spending And Incomes Fall; Savings Rise

Keeping the government open had cast a cloud over the holidays for many federal workers facing the prospect of furloughs in the days before Christmas. Johnny Zuagar said he tried to hide his worries about a potential government shutdown from his three boys as he weighed how much to spend on Christmas presents.

However, Trump has given some signs that he might be friendlier to labor during his second term compared to his first term. Amazon delivery drivers and Starbucks baristas are on strike in a handful of U. S. cities as they seek to exert pressure on the two major companies to recognize them as unionized employees or to meet demands for an inaugural labor contract.

The video platform said it will use the infusion of $250 million to support its growth. Rumble stock has mostly struggled to gain traction since its debut in 2022. Traders look like they’re ready to rumble today.

Cloud, edge, and artificial intelligence are playing a greater role in energy operations. A balanced planet requires more energy with less carbon. The energy transition to a lower carbon future is arguably the largest and most significant challenge ever contemplated or attempted in the history of our planet. Achieving a balanced planet means our current energy mix must evolve to include more lower- and zero-carbon forms of energy, such as geothermal and hydrogen.

The IRS said it’s distributing about $2.4 billion to taxpayers who failed to claim a Recovery Rebate Credit on their 2021 tax returns. Approximately one million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks. The money will be directly deposited into eligible people’s bank accounts or sent in the mail by a paper check.

If Mitsubishi Motors joins Nissan and Honda, the merger could result in a behemoth worth of about $55 billion based on the market capitalization of all three automakers. Japanese automakers Honda and Nissan will attempt to merge and create the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels.