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President-elect Donald Trump's threat to end EV tax credits spurred late-year electric vehicle sales, boosting an otherwise slow year for U.S. automakers. GM and Ford posted significant gains, contributing to a record 1.3 million EVs sold in 2024. However, this surge is unlikely to continue into 2025 due to potential policy changes.
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News and Media
US employers slowed down hiring in December, wrapping up the year with moderated yet healthy job growth. Economists expect this trend to carry on into 2025. The Federal Reserve may slow interest rate cuts as the economy remains durable. The unemployment rate is predicted to hold steady, with slight cooling in hourly earnings growth.
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News and Media
The fate of TikTok will be decided by the Supreme Court, which will hear arguments on Jan. 10 over a law requiring TikTok to break ties with its Chinese-based parent company, ByteDance, or face a U.S. ban.
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News and Media
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