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Fears the U.S. could default this summer

Published

1 year ago

February 16, 2023

ticker NEWS

The Congressional Budget Office warns lawmakers need to act now

The U.S. could default within months if the $31.4 trillion debt ceiling isn’t raised.

The Congressional Budget Office warns treasury will exhaust its ability to pay all bills sometime between July and September.

The exact date remains unclear because the timing an amount of revenue collections over the coming months could differ from projections.

The non-partisan CBO also indicated annual budget deficits will average at around $2 trillion between 2024 and 2033, before approaching pandemic-era records by the end of the decade.

This forecast is likely to stoke Republican demands for spending cuts.

It’s also estimated unemployment rates will rise to 4.7 per cent this year, far above the current 3.4%. #trending #featured

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Threading the needle: Meta’s new platform finally dethrones X

Published

4 hours ago

April 26, 2024

ticker NEWS

Threads, the social media platform owned by Meta, is gaining traction with a surge in daily active users, outpacing X in the U.S.

With Threads averaging 28 million daily active users compared to X’s 22 million, Meta’s ambitions to reach a billion users seem within reach despite a slowdown in growth. While X still boasts 550 million monthly active users globally, Threads’ focus on user experience and avoidance of real-time and political content could position it as a formidable competitor moving forward.

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Zendaya is serving in saucy sports drama

Published

4 hours ago

April 26, 2024

ticker NEWS

This weekend’s entertainment lineup has something for everyone.

Apple TV+ brings “Sugar,” a drama set in New York City, while “Civil War” offers historical intensity. “Challengers” with Zendaya brings a saucy sport drama to life, and superhero buffs can catch “Deadpool and Wolverine” for action-packed fun. With options spanning drama, history, reality, and superheroes, there’s excitement in store for all this weekend.

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Technological terror: China reveals uncanny AI romance film

Published

2 days ago

April 24, 2024

ticker NEWS

As competition intensifies in the streaming landscape, with players like Roku, Vizio, and Samsung launching their ad-supported platforms, TCL aims to carve its niche by offering compelling original content.

TCL, the renowned Chinese smart-TV manufacturer, announces its innovative use of generative artificial intelligence to produce original content for its streaming platform, TCLtvPlus.

Debuting this summer, “Next Stop Paris,” an AI-driven love story, marks the inaugural program from TCLtvPlus Studios