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Porsche Raises Prices on 911 by 2026

5 days ago

Porsche has announced a significant increase in prices for its iconic 911 model, set to come into effect by 2026. This decision is linked to rising production costs and the company's commitment to maintaining high standards of quality and technology in this vehicle line. During a press conference, Porsche representatives explained that the price adjustment is also due to investments in new technologies, including electrification and hybridization of the models.

Rising Goods Prices: Producer Price Index Inflation in January 2025

2 months ago

According to recent data published in January 2025, the Producer Price Index (PPI) has shown a significant increase, indicating a rise in inflation at the production level. This development raises concerns among economists and analysts, as high production costs may lead to increased prices for end consumers in the future.

New Social Security Payments: What You Need to Know

2 months ago

This week, a new round of payments under the Social Security program in the United States will begin, affecting millions of retirees and individuals with disabilities. Starting November 3, 2023, updated payments will begin to appear in recipients' accounts as part of an increase in the standard monthly amounts for federal social security benefits.

Lexus LX 600: Price Increase Expected in 2025

2 months ago

The Lexus LX 600, a luxury SUV from the renowned Japanese automaker, is set to face a price increase in 2025. This decision comes in response to rising production and development costs, which inevitably affect the final price of the vehicle for consumers. The new LX 600 is expected to see a price increase of approximately 1.5% compared to the previous model, amounting to around $75,500. This price hike is also linked to a range of updates and enhancements being introduced to the model, including new technologies and features aimed at improving driving quality and comfort.

Housing Supply Jumps to Four-Year High, But It’s Not All Good News

3 months ago

Recent data has shown that housing supply in the United States has risen to its highest level in four years. This increase comes amid broader economic changes and a growing interest in home purchases. However, experts warn that this situation may have some negative consequences.

Starbucks Workers Expand Strike to Nearly 60 Stores Nationwide

3 months ago

Starbucks workers have announced an expansion of their strike, closing nearly 60 stores in several U.S. cities. This protest action aims to draw attention to labor conditions and insufficient pay. The strike began earlier this week, and as a result, over 1500 workers across the country have decided to halt their activities to voice their demands. The main requests from workers include improved working conditions, increased pay, and ensuring stable work schedules. Employees claim that the company is failing to meet its promises to them, which has led to significant dissatisfaction among staff.

Changes to Retirement Age for Social Security in 2025

4 months ago

Starting in 2025, the full retirement age for Social Security benefits in the U.S. will increase to 67 years. This change will affect individuals born in 1960 and later. The adjustment is part of a longer process aimed at ensuring the financial sustainability of the Social Security program amidst increasing life expectancy and changes in the demographic landscape of the country.

IRS Increases 401(k) and Other Retirement Plan Contribution Limits for 2025

5 months ago

Important news for workers and employers: The Internal Revenue Service (IRS) has announced an increase in contribution limits for retirement plans, including popular 401(k) accounts. This increase, set to take effect in 2025, will allow workers to more effectively accumulate funds for their retirement.

Central Bank Urges UBS to Increase Capital Levels for Financial Stability

7 months ago

The head of the Swiss National Bank (SNB) has stated that UBS should consider increasing its capital reserves. This warning was made in an interview published in the Swiss newspaper Neue Zürcher Zeitung (NZZ). This recommendation comes in light of recent challenges faced by the financial sector following the pandemic and various market turmoil.

Bank of Japan Reiterates Readiness to Raise Rates if Outlook Materializes

7 months ago

Bank of Japan (BOJ) Governor Kazuo Ueda reiterated the central bank's intention to consider raising interest rates if the economic outlook, based on current data, is realized. His comments continue previous statements that the BOJ is prepared to adjust its monetary policy depending on changing economic conditions.