It’s become harder for many Americans to afford a new set of wheels. New-car buyers are still feeling the effects of production problems caused by the pandemic, and that continues to spill over to the used car market.
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Why Americans are saving less in 2023Americans started the 2020s with a personal savings boom. The trillions in excess personal savings built up in the pandemic are beginning to vanish amid high inflation, according to Federal Reserve economists. The annual savings rate fell to a 15-year low in 2022. It started a recovery in 2023, but remains well below long-term trends. Despite this slowdown in saving, consumer spending has remained robust, keeping the U.S. from recession.
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Why the US evacuation from Sudan left Americans behindWarring factions trying to seize control of the east African nation of Sudan have plunged the country into chaos, and thousands are fleeing the capital of Khartoum and nearby battle zones. The U.S. has come under scrutiny for evacuating roughly 70 embassy staff in a helicopter mission by elite SEAL commandos over the weekend, while warning thousands of private American citizens in Sudan there would be no similar evacuation for them. The State Department, which has advised U.S. citizens for years not to travel to Sudan, continues to advise Americans to shelter in place.
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U.S. targets Iran and Russia with new sanctions over hostages, wrongfully detained AmericansThe Biden administration announced new sanctions targeting Russia's security service and Iran's elite military intelligence unit, along with four of its leaders, to hold them accountable for taking American hostages and wrongfully detaining U.S. citizens.
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New IRS chief promises ‘several years’ before most Americans face higher audit ratesNew IRS Commissioner Danny Werfel told Congress on Thursday that taxpayers with incomes under $400,000 won’t have to worry about an increase in their rate of audits for “several years,” saying that for now, he’s pouring all of his new audit money into high-income filers.
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Why This New Whisky Tasting Room in Scotland’s North Sea Archipelago Is Worth the JourneyVenture off the beaten track and discover a new whisky tasting experience in Orkney. Scapa Distillery's new tasting room, the Noust, offers a unique and unforgettable adventure. 🥃 Scotland whisky
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Here’s Why Smokey Robinson Thought His New Album’s Title ‘Would Cause Controversy’Smokey Robinson knew he would raise eyebrows with his Gasms album title. “‘Orgasm’ is the first word I think people think about. That’s probably the most important one,” he quips.
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