Meta says teenagers on Instagram will be restricted to seeing PG-13 content by default and won’t be able to change their settings without a parent’s permission. This means that teens will see photos and videos on Instagram that is similar to what they would see in a PG-13 movie. The company is also adding an…… MORE
Slowdown in US Hiring Suggests Economy Still Needs Rate Cuts, Fed’s Powell Says
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell says that a sharp slowdown in hiring poses a growing risk to the U.S. economy. Powell’s comments Tuesday suggest that the Fed will likely cut its key interest rate twice more this year. Powell said in written remarks that despite the federal government shutdown cutting off official…… MORE
IMF More Upbeat About US Growth Than Just Months Ago, but Outlook is Dimmer Than Last Year
WASHINGTON (AP) — The U.S. and global economies will grow a bit more this year than previously forecast as the Trump administration’s tariffs have so far proved less disruptive than expected, the International Monetary Fund said Tuesday, though the full impact of those policies is still emerging. While the U.S. and world economies have fared…… MORE
GM to Take a $1.6 Billion Hit as Tax Incentives for EV’s Are Slashed and Emission Rules Ease
General Motors will book a negative impact of $1.6 billion in its next quarter after tax incentives for electric vehicles were slashed by the U.S. and rules governing emissions are relaxed. Shares dipped 3% before the opening bell Tuesday. The EV tax credit ended last month. The clean vehicle tax credit was worth $7,500 for…… MORE
Stellantis Says It Will Invest $13 Billion to Expand Its US Operations, Adding More Than 5,000 Jobs
Stellantis plans to invest $13 billion over the next four years to expand its manufacturing capacity in the United States. The automaker says this move will increase domestic vehicle production by 50% and add over 5,000 jobs. On Tuesday, Stellantis announced the investment will support the introduction of five new vehicles, including a Dodge Durango…… MORE