The recent data breach at National Public Data is a major cause for concern as it potentially exposed billions of personal records to malicious actors. Reports suggest that over 2.7 billion records may have been leaked, highlighting the sheer magnitude of the breach. The compromised information includes sensitive details such as Social Security numbers, names,
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Federal Reserve Chair Jerome Powell, during his address at the Fed’s annual retreat in Jackson Hole, Wyoming, hinted at potential interest rate cuts in the future. While he did not provide specific details regarding the timing or extent of the cuts, he emphasized the need for policy adjustments. Powell acknowledged that the direction towards rate
In response to the increasing spread of Covid-19 in the United States this summer, the Biden administration has announced a plan to provide free at-home Covid-19 tests to American households. This initiative aims to enhance public health safety and reduce the risk of infections as we head into the fall and winter seasons. The administration
The homebuilding sector in the United States has faced several challenges in recent years, impacting the performance of top companies such as D.R. Horton and Lennar. While shareholder returns for these companies outpaced the S&P 500 between August 2014 and August 2024, analysts have downgraded their investment outlook this summer. Despite this, some investors remain
In recent years, the classic car market has been experiencing significant changes in terms of sales trends and buyer preferences. A recent report from Hagerty, the classic-car insurance company, revealed that auction sales during Monterey Car Week fell by 3% compared to the previous year. This decline comes as a result of a shift from
Remote work has become a prominent feature of the U.S. labor market, with economists noting that it has significantly changed the way people work in recent years. The shift towards remote work, accelerated by the Covid-19 pandemic, is expected to have a lasting impact on how businesses operate and how employees carry out their duties.
Retirees often face challenges when it comes to managing their taxes, especially with multiple sources of income such as Social Security, pensions, retirement plans, and other investments. The IRS requires retirees to either withhold taxes or make quarterly payments to avoid penalties. The quarterly estimated tax deadlines for 2024 are April 15, June 17, Sept.
Philadelphia Federal Reserve President Patrick Harker expressed strong support for an interest rate cut in September, marking a significant shift in monetary policy. This endorsement comes in the wake of the Fed’s annual retreat in Jackson Hole, Wyoming, where Harker emphasized the need for a methodical approach to easing rates. Harker’s statement follows the release