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What the highest rates in 22 years mean for you

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The Federal Reserve’s has raised interest rates for the 11th time.

 
The central bank approved raising key interest rates by a quarter percentage point during their July meeting.

The much-anticipated interest rate hike now takes benchmark borrowing costs to their highest level in more than 22 years and could once again send ripple effects across the economy.

Nicole Middendorf, the CEO of Prosperwell Financial joins Veronica Dudo to discuss. #centralbank #FederalReserve #interestrates #money #finance

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EV market witnesses unprecedented price cuts

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Established brands like Peugeot and Nissan are slashing prices by significant margins to compete with emerging Chinese EV competitors.

Facing a dual challenge of a decelerating growth in EV adoption and a surge in competitively priced alternatives from Chinese manufacturers like BYD and MG, traditional automakers are forced to enact substantial price cuts to clear inventory.

This trend reflects the fast pace within the market and signals the formidable struggle for dominance in the EV space. #featured #trending

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President Biden threatens to cut off weapons supplies to Israel

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Does this mark a shift in Washington’s public approach to the war?

President Joe Biden is vowing to withhold weapons from Israel if the Jewish State goes forward with its invasion of Rafah.

The comments came after the Biden administration halted a recent shipment of bombs amid concerns over Israel’s plans to launch a full-scale assault on Rafah even as cease-fire talks continue with Hamas.

Jonathan Tobin, the Editor-in-Chief of Jewish News Syndicate, joins Veronica Dudo to discuss.

#IN AMERICA TODAY #trending #Israel #Hamas #Gaza #GazaWar #Rafah

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OpenAI prepares search software to rival Google

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OpenAI is gearing up to launch a groundbreaking AI-powered search product, aiming to compete directly with Google’s dominant search engine.

By harnessing the power of AI, OpenAI aims to deliver more accurate and relevant search results, potentially revolutionising the way people access and consume information online.

Russ Macumber from Impressive joins to discuss. #trending #featured

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