Category: Economy
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Known as the Brazilian Elon Musk, entrepreneur creates electric car manufacturer in Brazil
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Entrepreneur Flávio Figueiredo Assis promises to make history by launching the first electric car originally from Brazil. In addition to contributing to changing the energy matrix and positively impacting the environment, his mission is to change the image of Brazil to the world. His inspiration is billionaire Elon Musk, who has a story similar to…
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Rent Overwhelms the Budgets of Half of Renters in the U.S.
At least half of all renters in the United States spend more than 30% of their income on rent and utility bills, more than at any other time in history, according to a new report from the Joint Center for Housing Studies at Harvard. The analysis of 2022 census data by the study’s authors revealed…
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US Economy Continues to Surprise with Faster Than Expected Growth
The world’s largest economy expanded at an annual rate of 3.3% in the last three months of 2023, the Commerce Department reported. This was a decline from the 4.9% of the previous quarter, but much faster than the 2% that many analysts expected. In 2023, the American economy grew at an annual rate of 2.5%,…
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What Is the Best Time to Fly and Avoid Delays?
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in Africa, Antarctica, Asia, Brazil, Business, Economy, Entertainment, Europe, Geral, Inside, Middle East, North America, Oceania, South America, Tourism, United States, WorldEveryone knows that flying after the pandemic has been a test of patience. A significant proportion of flights departing and arriving at airports in the United States – usually around 20% to 25% – are recorded as delayed. Surely you want to avoid being one of them, right? Here are four tips on the best…
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Working From Home? You Risk Double Taxation
The number of Americans working from the comfort of their homes skyrocketed during the COVID-19 pandemic. However, the rise of remote work brings with it a potentially painful consequence for many employees during tax season. Depending on where you live and where your employer is based, you may be subject to income tax rules from…
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Fraud is at Crisis Level: 5 Scams You Should Be Aware Of
Artificial intelligence tools and sophisticated technology are making it harder for consumers to detect fraud. The fraud cost American consumers over $7 billion during the first three quarters of 2023, according to the Federal Trade Commission. These numbers increased by 5% compared to the same period in 2022. The perpetrators of these types of crimes…
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Are You One of the ‘Dry January’ Adherents?
Dry January. The term seems to refer to the impending impact of climate change. But in reality, it is just a personal challenge and partly a social movement. The term refers to the growing trend of stopping alcohol consumption during the first month of the year. Think of it as a four-week vacation for your…
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Americans Have a Love-Hate Relationship with Dollar Stores
Nowadays, in the United States, it is almost impossible to avoid a Dollar Store. It is estimated that 249 million Americans now live within eight kilometers of one, making them almost as common as McDonald’s franchises. About 35,000 stores belong to Dollar General and Dollar Tree, the two largest competitors in the sector. Dollar Stores…
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Inequality Increases and Fortune of the Richest in the World Doubles
The world could see its first trillionaire within 10 years if current inequality trends continue, stated the Oxfam International group in a report published on Monday (15), reflecting the growing disparity between the rich and the poor worldwide. The report, titled “Inequality Inc.”, was released on the same day as the annual World Economic Forum…
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More People Live Alone in a Nation Built for Families
According to the latest statistics from the U.S. Census (2020), 27.6% of all American households are occupied by just one person. This represents a significant increase from the 7.7% recorded in 1940. Since that decade, the percentage of Americans living alone has only been growing. The biggest jump occurred between 1970 and 1980, when it…