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July 4, 2022

U.S. Economy

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......

Op-ed: In Putin’s evil vs. good war against Ukraine, the forces of good prevailed at NATO this week

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CNBC – For more and to sign up click here Frederick Kempe is the President and Chief Executive Officer of the Atlantic Council. This is a story of evil versus good. It’s the story of a despot’s ruthless attacks on civilian targets in Ukraine, versus the historic, but nonetheless insufficient, rallying......

Chinese purchase of North Dakota farmland raises national security concerns in Washington

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CNBC – For more and to sign up click here At first glance, the largely barren, wind-swept tract of land just north of Grand Forks, North Dakota, seems to be an unlikely location for international espionage. There’s not much on the more than 300-acre patch of prime Dakota farmland right......

10-year Treasury yield falls to lowest level since May

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CNBC – For more and to sign up click here U.S. Treasury yields fell Friday as recession fears and disappointing economic data left investors looking for safety. The yield on the benchmark 10-year Treasury note traded lower by 8 basis points at 2.889%, near its lowest level since late May.......

WHO says monkeypox cases triple in Europe in two weeks, urgent action needed to contain spread

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CNBC – For more and to sign up click here The World Health Organization on Friday warned that urgent action is needed to contain the spread of monkeypox in Europe, as cases have tripled over the past two weeks. Europe is the center of a global outbreak of the virus......

There’s a massive pile-up of car, furniture exports bound for U.S. and it’s spreading across European ports

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CNBC – For more and to sign up click here Labor slowdowns and strikes at the German and Netherland ports are creating a massive pile-up of export containers bound for the U.S. that will take months to clear out. According to the bills of lading found through ImportGenius, some of......

Ohio Governor DeWine says Intel delay on $20 billion chip plant is about ‘leverage’

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CNBC – For more and to sign up click here Ohio Gov. Mike DeWine still has high hopes for Intel, even after the company announced that its plan for a massive semiconductor plant east of Columbus could see its scope scaled back or construction delayed. “I truly believe that this......

Forget rate hikes, these analysts are predicting interest rate cuts next year

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CNBC – For more and to sign up click here Some central bank watchers believe the Fed and the ECB will have to stop their tightening cycles because of an upcoming recession. Olivier Douliery | AFP | Getty Images Central banks around the world might have embarked upon a path......

Why blood makes up over 2.5% of all U.S. exports

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CNBC – For more and to sign up click here In America, blood means big business. The North American blood market was valued at $3.3 billion in 2021, according to Global Market Insights Inc. Blood makes up 2.69% of U.S. exports, according to the Census Bureau. Since there is no substitute......

Fed’s Mester backs 75 basis point hike in July if conditions remain the same

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CNBC – For more and to sign up click here Cleveland Fed President Loretta Mester takes part in a panel convened to speak about the health of the U.S. economy in New York November 18, 2015. Lucas Jackson | Reuters Federal Reserve Bank of Cleveland President Loretta Mester said Wednesday......

U.S. to deploy nearly 300,000 monkeypox vaccine doses to fight outbreak

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CNBC – For more and to sign up click here Mock-up vials labeled “Monkeypox vaccine” are seen in this illustration taken, May 25, 2022.  Dado Ruvic | Reuters The U.S. will deploy nearly 300,000 monekypox vaccine doses in the coming weeks in an effort to stamp out an outbreak of......

FDA panel recommends changing Covid shots to fight omicron this fall

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CNBC – For more and to sign up click here A healthcare worker prepares a syringe with the Moderna COVID-19 vaccine at a pop-up vaccination site operated by SOMOS Community Care during the COVID-19 pandemic in Manhattan in New York City, January 29, 2021. Mike Segar | Reuters The Food......

California plans to send millions of ‘inflation relief’ payments of up to $1,050. Here’s what we know about whether other states will follow

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CNBC – For more and to sign up click here Who may qualify for ‘inflation relief’ checks Those with up to $75,000 in income, or $150,000 if married and filing jointly, will receive up to $350 per tax filer, plus $350 if they have one or more dependent. Thus, joint......

Home price increases slowed for the first time in months in April, says S&P Case-Shiller

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CNBC – For more and to sign up click here People walk into a house for sale in Floral Park, Nassau County, New York. Wang Ying | Xinhua News Agency | Getty Images Home price increases slowed ever so slightly in April, but it is the first potential sign of......

Don’t get ‘sucked back in’: Fund manager says investors should learn from past bear markets

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CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., June 22, 2022.  Brendan Mcdermid | Reuters The stock market bounce in recent days is just a relief rally and investors should avoid......

44% of Americans work a side hustle to make ends meet — but it may not be an efficient way to earn more, says expert

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CNBC – For more and to sign up click here Americans are increasingly turning to side hustles to make more money amid economic uncertainty and persistent high inflation. Some 44% of Americans are working at least one extra job to make ends meet each month, according to survey from Insuranks,......

Women in states that ban abortion will still be able to get abortion pills online from overseas

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CNBC – For more and to sign up click here In this photo illustration, a person looks at an Abortion Pill (RU-486) for unintended pregnancy from Mifepristone displayed on a smartphone on May 8, 2020, in Arlington, Virginia. Olivier Douliery | AFP | Getty Images Women in states that ban......

58% of Americans are living paycheck to paycheck after inflation spike — including 30% of those earning $250,000 or more

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CNBC – For more and to sign up click here With inflation at 40-year highs, workers across all income levels are having a harder time making ends meet. As of May, 58% of Americans — roughly 150 million adults — live paycheck to paycheck, according to a new LendingClub report.......

Pending home sales post surprise increase in May, likely due to brief pullback in mortgage rates

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CNBC – For more and to sign up click here A house’s real estate for sale sign shows the home as being “Under Contract” in Washington, DC. Saul Loeb | AFP | Getty Images Pending home sales, a measure of signed contracts on existing homes, rose slightly in May, up......

World Health Organization says monkeypox is not a global health emergency right now

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CNBC – For more and to sign up click here The World Health Organization on Saturday said the rapid spread of monkeypox across dozens of nations does not represent a global health emergency at this time. WHO Director General Tedros Adhanom Ghebreyesus described monkeypox as an evolving health threat, however,......

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