Anna's Daybreak News

_{Just facts, you think for yourself}

Wednesday, 5:22 AM

October 23, 2024

Good morning news friend! Stay informed with the latest updates, staying in sync with the constantly shifting events around you. 📰🌟

Global Economic Outlook

The International Monetary Fund (IMF) reported that global inflation will decrease from 6.7% last year to 5.8% this year and 4.3% in 2025. And global economic growth will be 3.2% for 2024 and 2025.  

The US leads advanced economies, with its growth forecast revised to 2.8% for 2024, down from 2.9% last year, with a potential decline to 2.2% in 2025.

China’s growth is forecast to drop from 5.2% last year to 4.8% this year and further to 4.5% in 2025. India’s growth is also slowing, predicted to decrease from 8.2% in 2023 to 7.0% in 2024.

Brazil projects growth at 3.0%. However, Germany expects zero growth this year, while the eurozone will grow at 0.8%.  

Source: Read More

Flying Cars Are Almost Here 

The FAA issued new rules for electric air taxis. This aircraft category, called "powered-lift," is the first addition to civil aviation in nearly 80 years.

These air taxis take off and land like helicopters and fly like planes. Some companies, including Joby Aviation, aim to launch their services in urban areas by 2025.

The FAA stressed safety and clarity in regulations to integrate these vehicles into US airspace.

Delta Air Lines invested $60 million in Joby in 2022, while Toyota pledged $500 million this month. Archer Aviation, another key player, has a deal for 200 aircraft with United Airlines valued at $1 billion.

Source: Read More

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Tax Updates for 2025

In 2025, single filers will have a standard deduction of $15,000, rising by $400 from 2024. Couples filing jointly will see theirs increase to $30,000, an $800 boost. Heads of households will get $22,500, up $600.

The Internal Revenue Service (IRS) also adjusted income thresholds for federal tax brackets. The top rate stays at 37% but now applies to incomes over $626,350, up from $609,350 in 2024. 

Additionally, starting January, Social Security recipients will receive a 2.5% cost-of-living adjustment, translating to about $50 more monthly.

Source: Read More

Anthropic Releases AI that Can Act on Your Behalf

Anthropic has launched a new feature called "computer use," allowing its AI to interpret users' computer screens and perform tasks such as web browsing, clicking, and typing.

The AI operates differently from others by interpreting real-time screen content rather than relying on back-end integrations. Canva and Replit are already testing this technology for various applications.

The AI can autonomously plan activities, in a demo it organized a hiking trip with no human input after an initial prompt.

Source: Read More

Amazon Coming for Bargain Hunters

Amazon is launching a new low-cost storefront to compete with discount stores Temu and Shein.

The company sets strict price limits, including $8 for jewelry, $13 for guitars, and $20 for sofas. This initiative involves a selection of 700 products.

Sourcing products directly from a facility in Guangdong, China, Amazon aims to lower shipping costs while attracting bargain hunters.

With online stores growing just 5% in the second quarter, Amazon seeks to regain market traction.

Source: Read More

“The opposite of success isn’t failure; it’s name-dropping.”

Baked with love,

Anna Eisenberg ❤️