Potential GOP Senate shift reshapes tech policy outlook
Analysts say GOP control could tilt tech policy toward industry-friendly terms, expanding high-speed internet and softening oversight. If Democrats lose the Senate, Ted Cruz may chair the Commerce Committee, with polls showing the Montana race tightening as AI regulation and privacy debates loom.
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Cheaper new cars gain favor in U.S. market shift
Michelle Chumley chose a Chevrolet Trax over a pricier SUV, part of a rising trend toward affordable vehicles under $30,000. Analysts say buyers fear high costs and loan rates, pushing automakers to cut prices and offer larger incentives while overall new-car sales rise modestly.
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Stocks barely budge as mixed trading offsets gains
U.S. stocks drifted with the S&P 500 down slightly less than 0.1 percent marking its first back-to-back drop in six weeks, while the Dow fell about 6 points and the Nasdaq rose 0.2 percent. Major movers included General Motors a standout with a 10.4 percent jump and Philip Morris International up 10.5 percent on strong quarterly results. GE Aerospace fell 9 percent, Verizon slid 5 percent, Genuine Parts tumbled 21 percent, and Sherwin-Williams slipped 5.3 percent amid softer profit and revenue. The S&P 500 closed at 5851.20 and the Dow at 42924.89.
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Higher 2025 standard deductions inch up for filers
Taxpayers will see larger standard deductions in 2025 with single filers and married individuals filing separately at 15000, joint filers at 30000, and heads of household at 22500. The IRS also raised income thresholds across seven brackets while noting a continued but moderating inflation trend.
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