Slashed

Late Fees Slashed by Judge: Controversial Credit Card Rule Blocked by Texas Court

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Dallas, Texas – A federal judge in Texas has issued an injunction blocking a new government rule aimed at reducing credit card late-payment charges, which was set to take effect on May 14. Judge Mark Pittman of the U.S. District Court for the Northern District of Texas granted the injunction sought by the banking industry and other business interests. Pittman’s decision came after the U.S. Court of Appeals for the Fifth Circuit deemed the funding …

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**Tesla Prices Slashed Across the Globe: Is This the End of the Road for the EV Giant?**

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Fremont, California – Tesla, the electric vehicle giant, made significant price cuts on several of its models over the weekend in the U.S., China, and Europe. The company reduced the prices of the Model Y, Model S, and Model X in the U.S. by $2,000. These price adjustments are part of Tesla’s ongoing efforts to optimize its pricing strategy in key markets. In addition to the price cuts in the U.S., Tesla also implemented price …

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AT&T Cable Slashed Causing Major Delays at Sacramento Airport – Shocking Details Revealed!

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Sacramento, California – Travelers at Sacramento International Airport faced major delays due to a significant disruption caused by a slash in an AT&T cable. The incident resulted in disrupted flight departures and delays for both Southwest and Delta Airlines, impacting passengers’ travel plans. The deliberate cutting of the AT&T wires led to widespread internet outage at the airport, exacerbating the situation for travelers. The impact of the cable slash was felt across various airlines operating …

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**European Central Bank Rates Decision Unveiled: Will Interest Rates Be Slashed in June?**

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Frankfurt, Germany – The European Central Bank (ECB) announced in a rates decision news conference on Thursday, March 7, 2024, that interest rates would remain unchanged for the fifth consecutive meeting. There is speculation that rate cuts may be on the horizon in June, as indicated by the ECB’s statement regarding the inflation outlook and monetary policy transmission. The ECB’s previous communications did not mention any plans to loosen monetary policy. The central bank raised …

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**Credit Card Fees Slashed**: Biden ‘Strike Force’ Promises Lower Swipe Rates – What You Need to Know!

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Los Angeles, California – Visa and Mastercard have reached a settlement with U.S. merchants to reduce the fees associated with processing credit card payments. This agreement could potentially lead to changes in how retailers handle credit card transactions, possibly affecting credit card rewards programs as well. However, experts have differing opinions on whether this settlement will have a significant impact on credit card users. Michael Kinsman, a finance and accounting professor at Pepperdine University, believes …

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Interest Rate Slashed: Unlock the FT Editor’s Digest for Free

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Washington, D.C., – Federal Reserve officials have signaled their intent to cut interest rates by three-quarters of a percentage point this year, leading to new record highs in the US equity markets. Following the unanimous decision by the Federal Open Market Committee to maintain rates unchanged at 5.25 to 5.5 per cent, investors reacted positively on Wednesday. The central bank also revised its forecast for US economic growth upwards for this year, while acknowledging that …

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Real Estate Revolution: $30 Billion in Agent Commissions Slashed by New Compensation Model

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Richmond, Virginia – Real estate agents in the United States could see a significant change in their compensation model, according to a new working paper from economists at the Richmond Federal Reserve Bank. The paper suggests that by adopting a new “à la carte” compensation model, U.S. homebuyers could potentially save around $30 billion in commissions annually. In the paper, economists Borys Grochulski and Zhu Wang highlight the current disparity in real estate commissions between …

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Taxes Slashed Again in UK Budget Ahead of Election – Jeremy Hunt Makes Bold Move

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London, England – As the UK election draws near, Chancellor Jeremy Hunt has announced further tax cuts in the latest budget. The move is expected to appeal to voters ahead of the upcoming election, where tax policies are a key point of contention among various political parties. With the UK facing economic uncertainty and pressure from Brexit, the decision to lower taxes is seen as a strategic move by Hunt to stimulate economic growth and …

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NASA Funding Slashed in Final 2024 Spending Bill: Defers Decision on Mars Sample Return Funding

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WASHINGTON – Congressional appropriators have unveiled the final fiscal year 2024 spending bill, which includes a reduction in NASA funding compared to the previous year and delays a decision on spending for the Mars Sample Return program. The bill, released by House and Senate appropriators on March 3, covers 6 of the 12 appropriations bills for fiscal year 2024, including the commerce, justice, and science (CJS) spending bill that allocates funds to NASA. It is …

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Tesla Model Y Prices Slashed in US – Fears of Production Slowdown Loom as Stock Plummets

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PALO ALTO, California – Tesla, the American electric vehicle maker, has announced temporary price cuts for some of its Model Y cars in the U.S. This decision comes less than a month after the company reduced Model Y prices in Germany. The price cuts affect the Model Y rear-wheel drive and Model Y Long Range, which have been reduced by $1,000 each to $42,990 and $47,990, respectively. These temporary reductions are in effect until the …

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