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Month: January 2025

Tesla sales dropped 1.1% in 2024, its first annual decline in a dozen years

Tesla sales dropped 1.1% in 2024, its first annual decline in a dozen years

By TOM KRISHER and BERNARD CONDON, Associated Press

DETROIT (AP) — Tesla posted its first annual sales drop in more than a dozen years Thursday, sinking a stock that has soared since Donald Trump’s victory on optimism Elon Musk’s close relationship to the president-elect will help the company.

Tesla’s global vehicle sales rose 2.3% in the final quarter thanks to 0% financing, free charging and low-priced leases. But that was not enough for billionaire Musk’s most valuable holding to overcome a sluggish start to 2024.

The Austin, Texas, company sold 495,570 vehicles from October through December, boosting deliveries to 1.79 million for the full year. That was 1.1% below 2023 sales of 1.81 million as overall demand for electric vehicles in the U.S. and elsewhere slowed.

The year-over-year global sales drop is Tesla’s first since 2011, according to figures from analytics firm Global Data. The company sold 1,306 vehicles in 2010, but that dropped slightly to 1,129 the following year. read more

US unemployment claims fall to 211,000, the lowest level since March

US unemployment claims fall to 211,000, the lowest level since March

By PAUL WISEMAN, AP Economics Writer

WASHINGTON (AP) — The number of Americans applying for unemployment checks dropped last week to the lowest level since March, suggesting that suggest most U.S. workers continue to enjoy unusually high job security.

Jobless claims dropped by 9,000 to 211,000 last week, the Labor Department reported Thursday. The four-week average of claims, which strips out week-to-week ups and downs, fell by 3,500 to 223,250.

The overall numbers receiving unemployment benefits fell by 52,000 to 1.84 million, the lowest since September.

Thomas Simons and Sam Saliba, economists at Jefferies, called the drops “encouraging” in a commentary but cautioned that seasonal adjustments around the holidays can throw off the numbers.

The U.S. job market has cooled considerably from the red-hot hiring days of 2021-2023 when the economy was bounding back from COVID-19 lockdowns.

Through November, employers added an average of 180,000 jobs a month in 2024, down from 251,000 in 2023, 377,000 in 2022 and a record 604,000 in 2021. Still, even the diminished job creation is solid and a sign of resilience in the face of high interest rates. read more

2 Central Florida restaurants closed after inspections last week

2 Central Florida restaurants closed after inspections last week

Two Central Florida restaurants shut down the week of Dec. 22-28, according to data from the Florida Department of Business and Professional Regulation.

Orange

Mr. Sushi at 4951 International Dr. Unit 104 in Orlando closed on Dec. 27. Officials found nine violations, two of which were deemed high priority., That included an employee failing to wash hands before putting on gloves to work with food and finding the establishment was operating without potable running water, although it had a variance for portable sinks.

Inspectors returned the same day, and although a followup inspection is required, allowed the restaurant to reopen.

Osceola

Black Angus Bar & Grill at 7516 W. Irlo Bronson Highway in Kissimmee shut down on Dec. 26. Officials found 10 violations, two of which were deemed high priority. That included signs of rodent activity with 26 droppings found on top of a dish machine and another 60 under shelving and rice and flour containers in a storage room. Another high-priority violation was for butter and shredded cheese found at warmer temperatures than required. read more

Winter Park’s first reported crime of 2025: Austin’s Coffee burglarized for ‘cheap’ beer

Winter Park’s first reported crime of 2025: Austin’s Coffee burglarized for ‘cheap’ beer

Winter Park business owner Jackie Moore started the new year with bad news from a customer in an early-morning text message: Someone threw a brick through the glass door of Austin’s Coffee.

She rushed to the coffeehouse just after 7:30 a.m. to find glass strewn across the floor and discover four cases of beer stolen from a back room. Police were called and an incident report was typed up with case number 0001 — marking it Winter Park’s first crime of 2025.

“This is really stupid,” Moore said Wednesday afternoon. “They threw a brick to steal beer? And they didn’t even steal the good beers, like the expensive craft beers. They stole the cheaper beers.”

Moore — who has co-owned the eatery on West Fairbanks Avenue for two decades — estimated the break-in happened after 2 a.m. when it had closed for the night.

By noon a company had boarded up the damaged front door with plywood and ordered a replacement. Moore didn’t have an estimate of the cost of damages or stolen booze.

“It just shocked me,” she said. “Especially since they left money in the register. … They got a little drunk but a felony [conviction] is way bigger.” read more

10 tips from experts to help you change your relationship with money in 2025

10 tips from experts to help you change your relationship with money in 2025

By CORA LEWIS and ADRIANA MORGA

NEW YORK (AP) — With the end of 2024 around the corner, you might be reflecting on financial goals for 2025.