>>Federal Reserve To Meet Ahead On Interest Rate Announcement
(Washington, DC) -- The Federal Reserve will meet this week with another interest rate hike widely expected. Last month policymakers pressed pause on rate hikes for the first time in 15 months. The Central Bank will meet today and Wednesday in Washington, D.C. with a rate decision coming after the second day. Officials have been aiming to bring inflation down to two-percent, but it remains at three-percent. Fed Chairman Jerome Powell's post-meeting comments will likely provide insight into what's next for the Central Bank's policy and how it currently views the state of the economy.
>>IRS Agents No Longer Showing Up Unannounced
(Washington, DC) -- IRS agents will no longer show up at people's homes and businesses unannounced. The agency announced Monday that it's ending the practice and will now send letters to schedule meetings. IRS Commissioner Danny Werfel said showing up unannounced has created stress for taxpayers already wary of possible scams and for IRS agents who don't know what to expect when showing up.
>>UPS, Teamsters To Resume Contract Talks
(Atlanta, GA) -- UPS and the Teamsters union are heading back to the bargaining table. Contract negotiations set to resume later today are aimed at averting a strike by 340-thousand UPS workers. The Teamsters' five-year labor deal with the shipping giant expires at the end of the month. A strike of such magnitude could paralyze many supply chains and do tremendous harm to the economy. >>Some Say Twitter Name Change Could Wipe Out Value (San Francisco, CA) -- Some analysts suggest changing Twitter's name to X could wipe out anywhere from four to 20 billion dollars in value from the social media company. Elon Musk, who bought Twitter for 44-billion-dollars last October, announced the name change over the weekend, also noting that the bird logo would be going the way of the dodo. Joshua White, an assistant professor of finance at Vanderbilt University, noted that the company name Twitter has become part of the language, with verbs like "tweet" and "retweet" becoming everyday words.
>>Actors Set To Rally In Times Square
(New York, NY) -- Actors are planning for a major rally in the epicenter of New York City today. Those on strike will take to Times Square for the rally dubbed "Rock the City for a Fair Contract." Actors have been on strike since July 14th, joining writers who have been on the picket line since May. With writer's rooms and productions shut down, the entertainment industry has come to a grinding halt. Sticking points for both groups include residual payments from streaming services and protections from artificial intelligence.
>>Spotify Raises Price For Premium Subscriptions
(New York, NY) -- The cost for Spotify's premiums subscriptions are going up. The music streaming service announced a Premium Individual subscription will now cost 10-99 a month, an increase of a dollar. Meanwhile, Premium Duo subscriptions will jump two-bucks to 14-99 a month and Premium Family will now cost 16-99 a month. Premium Student subscriptions will see an increase of a dollar to 5-99.
