June 13, 2025

Finances

 A new wave of economic uncertainty is prompting Americans to be more cautious with their finances, with nearly 4 in 10 workers saying they’re staying in their jobs primarily because of financial jitters. Many are also cutting back on retirement contributions, scaling down spending on big-ticket items like cars and appliances, and opting for budget-friendly choices — from cooking more meals at home to shopping at discount stores. Read more.

GM plans $4 billion push to move production from Mexico to U.S. General Motors plans to invest $4 billion to shift production of several key vehicles from Mexico to U.S. plants, including reopening its Orion Assembly facility in Michigan to build full-size SUVs and light-duty trucks. The move is driven by growing demand for gas-powered vehicles, pressure from President Trump’s aggressive tariff policies, and a desire to reduce reliance on imports amid rising trade costs. 

The “Big Beautiful Bill” is advancing to the Senate and could significantly reshape health coverage in the U.S. Analysts estimate that between 11 and 15 million Americans could lose insurance under the current plan, largely due to major cuts to Medicaid and rollbacks to Affordable Care Act (Obamacare) provisions. Read more.


No comments: