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July 4, 2022

CNBC business

Raising interest rates is the wrong solution to the inflation problem, analyst says

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CNBC – For more and to sign up click here Raising interest rates to tame demand — and therefore inflation — is not the right solution, as high prices have been driven mainly by supply chain shocks, one analyst said.  Global manufacturers and suppliers have been unable to produce and......

Jim Cramer: To understand this year’s vile market, study the dot-com crash of 2000

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CNBC – For more and to sign up click here Forty years is an awfully long time. Yet that’s how much time has passed since we have had an abomination like this first half of the year. Almost everything went down. Your stocks went down. Your bonds went down. Your house......

Stock futures inch higher after another losing week on Wall Street

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CNBC – For more and to sign up click here Traders on the floor of the NYSE, July 1, 2022. Source: NYSE Stock futures inched higher in overnight trading after the major averages finished another losing week. Stock futures tied to the Dow Jones Industrial Average rose 18 points or......

Rooftop shooter kills at least 6 at July Fourth parade in Chicago suburb, gunman still at large

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CNBC – For more and to sign up click here HIGHLAND PARK, IL: First responders work the scene of a shooting at a Fourth of July parade on July 4, 2022 in Highland Park, Illinois. Jim Vondruska | Getty Images News | Getty Images At least six people were killed......

U.S. flight disruptions finally ease as the holiday weekend winds down

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CNBC – For more and to sign up click here Lighted tunnel in the United Airlines terminal, O’Hare International Airport, Chicago Illinois. Andrew Woodley | Universal Images Group via Getty Images U.S. airline delays eased on Monday as weather improved, bringing welcome news for travelers and airlines as the July......

A psychologist shares the No. 1 skill that sets mentally strong kids from ‘those who give up’—and how parents can teach it

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CNBC – For more and to sign up click here A raging pandemic, gun violence, climate change — as an educational psychologist, I’ve seen firsthand how the troubling events of today are taking a toll on our children. “It’s hard to stop thinking about bad stuff,” an 11-year-old told me......

Russian forces shift target to Donetsk as Zelenskyy vows Ukraine will win back captured Luhansk

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CNBC – For more and to sign up click here A grain silo destroyed by Russian airstrikes in the Donbas. Sopa Images | Lightrocket | Getty Images Russian President Vladimir Putin on Monday congratulated troops for “liberating” Ukraine’s eastern Luhansk province after several weeks of brutal fighting. A huge proportion......

Rent prices are starting to cool down: The 5 cities with the most significant decreases

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CNBC – For more and to sign up click here Summer is a notoriously busy moving season — and high rent prices often reflect that. But prices seem to be cooling a little compared to the last 12 months overall. Median rent prices for one-bedroom apartments are only up 0.5%......

Bill Nye says the main thing you can do about climate change isn’t recycling—it’s voting

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CNBC – For more and to sign up click here The best way to save the planet isn’t necessarily recycling – it’s stepping into a voting booth. That’s according to celebrity science educator Bill Nye, television’s “The Science Guy,” who spoke at the Aspen Ideas Festival in Aspen, Colorado, last......

Rihanna is now worth $1.4 billion–making her America’s youngest self-made billionaire woman

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CNBC – For more and to sign up click here The youngest self-made billionaire woman in the U.S. didn’t grow up in a Manhattan high rise or the Hollywood Hills. Instead, Rihanna amassed her fortune from her own music and entrepreneurial ventures. Recently, the 34-year-old singer and Fenty Beauty CEO......

Tired of swiping left, singles are turning to new matchmaking services for dates

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CNBC – For more and to sign up click here A smartphone showing a variety of dating apps. Yu Chun | Christopher Wong | S3studio | Getty Images Swiping left to keep looking is easy. So is swiping right to like someone. But there’s only so much swiping some people......

Teen workers in a hot summer job market can use the ‘greatest money-making asset’ to their advantage, says CPA

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CNBC – For more and to sign up click here For years, fewer teenagers were looking for summer jobs, opting instead to bolster their college applications with academic programs or unpaid internships. But as the economy bounced back from the pandemic, employers were almost begging for workers and some opportunities......

Another crypto lender Vauld pauses withdrawals as market crash takes its toll

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CNBC – For more and to sign up click here Billions of dollars of value have been wiped off the cryptocurrency market in the last few weeks. Companies in the industry are feeling the pain. Lending and trading firms are facing a liquidity crisis and many firms have announced layoffs.......

British Army’s Twitter and YouTube accounts hacked to promote cryptocurrency scams

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CNBC – For more and to sign up click here A screenshot of the British Army’s Twitter profile when it was hacked, via Wayback Machine. Its profile and banner pictures were changed to resemble a nonfungible token collection called “The Possessed.” A hacker compromised the social media accounts of the......

Turkey’s annual inflation soars to almost 79%, hitting highest level in 24 years

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CNBC – For more and to sign up click here Shoppers stroll the aisles of a bazaar in Konya, Turkey. The country is experiencing brutal inflation, with food and non-alcoholic beverage prices rising 70.3% year over year for March. Diego Cupolo | Nurphoto | Getty Images Inflation in Turkey rose......

Thailand ends almost all travel restrictions — but one key rule remains

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CNBC – For more and to sign up click here Travelers wondering what it’s like to visit Thailand now may be interested to know the country is “allowing almost everything” again. That’s according to the Tourism Authority of Thailand (TAT), the governmental entity responsible for promoting tourism to the country.......

High U.S. gasoline prices weigh on demand as consumers start to feel the pinch, says analyst

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CNBC – For more and to sign up click here A photo of a natural gas flare burning near an oil pump jack at the New Harmony Oil Field in the U.S. on June 19, 2022. Luke Sharrett | Bloomberg | Getty Images Surging gasoline prices in the U.S. are......

Americans hoping for European vacations this summer should prepare for one thing: chaos

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CNBC – For more and to sign up click here Some airlines and airports are struggling with the post-covid demand for travel. Anadolu Agency | Anadolu Agency | Getty Images LONDON — Delays, cancellations and strikes. It’s been a messy time for many European tourist hotspots as airlines and airports......

Here are the China trends investors bet money on during a sluggish few months

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CNBC – For more and to sign up click here A factory in Suqian, Jiangsu province, China, on May 9, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — By the numbers, manufacturing companies in China snagged the most investment deals in the first half of the year......

The G-7 is considering a price cap on Russian oil. But energy analysts think it’s impossible

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CNBC – For more and to sign up click here The G7 has floated the idea of an oil price cap, but experts are doubtful about how effective this would be. Picture Alliance | Picture Alliance | Getty Images The world’s seven-largest industrialized economies have floated the idea of a......

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