If you think the cost of a car has gotten expensive, wait until you go to insure it. Auto insurance rates are up nearly 15% in some states over the past year, while nationwide premiums have risen more than $240 on average to $2,014 a year, according to comparison site Bankrate. And the increases aren’t…
But consumer spending, which accounts for about 70% of U.S. economic activity, remained resilient, growing at a 3.7% annual pace, the fastest such rate in nearly two years. Spending on goods, in particular, was solid: It rose at its fastest pace since the second quarter of 2021. Economists had been expecting overall GDP to grow…
FILE – In this photo provided by the Montana Governor’s Office, Republican Gov. Greg Gianforte signs a law banning TikTok in the state, May 17, 2023, in Helena, Mont. TikTok, Inc., filed a lawsuit Monday, May 22, 2023, seeking to overturn Montana’s first-in-the-nation ban on the video sharing app, arguing the law is an unconstitutional…
Dr. Vivek Murthy, the U.S. surgeon general, is calling for “immediate action” by tech companies and lawmakers to protect kids’ and adolescents’ mental health on social media. But after years of middling and insufficient action by both social media platforms and policymakers, parents and young people still bear most of the burden in navigating the…
Elon Musk is no longer the richest person in the world as Tesla stock continues to fall, according to Forbes. The new Twitter CEO is now the second richest person in the world behind Bernard Arnault and family, who is the co-founder and CEO of the French conglomerate LVMH, according to Forbes’ real-time billionaires list. How much is Elon…
Japan’s economy grew at an annual pace of 1.6% in the quarter through March as private demand rebounded after COVID-19-related restrictions were eased, according to data released Wednesday. Real gross domestic product, which measures the sum value of a nation’s products and services, grew 0.4% in January-March on-quarter in the world’s third largest economy, the government…
