Consumers expect inflation to slow down, a big win for the Fed

The consumer outlook for inflation tumbled in July amid a sharp drop in gas prices and a belief that the surges in food and housing also would ebb.

Biden authorizes largest yet weapons package for Ukraine, bringing U.S. commitment to $9.8 billion

The Biden administration announced a $1 billion security assistance package for Ukraine on Monday.

Japanese giant SoftBank dumps its entire stake in Uber as losses mount at its investment unit

SoftBank said it sold its remaining stake Uber as the Japanese conglomerate looks to raise cash amid mounting losses at its investment unit.

'Echoes of the Cold War' as Blinken heads to Africa, vying with Russia for influence

U.S. Secretary of State Antony Blinken arrived in South Africa on Monday to begin a three-country tour, as major powers jostle for influence on the continent.

Novavax cuts 2022 revenue guidance in half, stock tanks in after-hours trading

Crypto mixing service Tornado Cash blacklisted by Treasury Department for alleged use in laundering

The U.S. Department of Treasury sanctioned cryptocurrency mixing service Tornado Cash for allegedly helping launder over $7 billion of virtual currency.

These are the top 10 best and worst places to live in the world—and you won't find the U.S. on either list

The 2022 Economist Intelligence Unit’s Global Liveability Index ranked 172 cities across the world. These are the 10 best and 10 worst places to live.

This 41-year-old left the U.S. for Bangkok and lives a 'luxurious lifestyle' on $8,000 a month

Jesse Schoberg has been living abroad for 14 years, splitting his time between more than 40 countries — and he has no plans to return to the U.S. anytime soon.

Deadlock with Russia over Nord Stream gas turbine is not our fault, Siemens Energy CEO says

The Kremlin has cut gas supplies to Europe via the Nord Stream 1 pipeline to just a fifth of its capacity.

Palantir shares fall more than 14% following earnings report

Palantir reported second-quarter results Monday that showed a loss per share compared with projections for earnings, but the company beat revenue expectations.

The price of a pint is going through the roof. Here’s why UK beer costs are far outpacing inflation

The average cost of a pint of beer in the U.K. has soared by 70% since 2008 — well ahead of inflation.

SoftBank posts a $21.6 billion quarterly loss on its Vision Fund, one of the highest in its history

SoftBank posted a 2.93 trillion Japanese yen ($21.68 billion) loss for the June quarter for its Vision Fund. This is its second-largest quarterly loss.

Cash withdrawals in the UK soar as Brits grapple with the rising cost of living

Brits are using cash as a way to manage their budgets as inflation in the country is expected to peak at over 13% in October.

Video game giants had a miserable second quarter as the pandemic gaming boom hits a wall

Microsoft, Sony and Nintendo each reported a fall in quarterly video game sales. The main reason? People are spending less time playing and more time going out.

European stocks close higher as traders assess earnings, economic data

European markets closed higher as investors continued to monitor corporate earnings and key economic data points, assessing recession risks.

Hong Kong cuts hotel quarantine for travelers to 3 days, plus 4 days of home medical surveillance

After completing the hotel quarantine, travelers can stay at home or in a hotel for the four days of surveillance.

Baidu's robotaxis don't need any human staff in these parts of China

Baidu announced Monday it became the first robotaxi operator in China to obtain permits for selling rides with no human staff inside the cars.

Don't read vacation emails, keep your return date a secret and other tips for hacking your PTO

Maximize your PTO like a VIP.

Potential curb on Australian LNG exports is another blow to Asia-Pacific gas markets

Energy protectionism is in full swing as Asia-Pacific LNG consumers prepare for a likely export cut from Australia, one of the top suppliers globally.

'I work just 5 hours a week': This 39-year-old makes $160,000 a month in passive income—a look at his typical day

After Graham Cochrane lost his audio engineer job in 2009, he started a music blog. Now, what began as a side hustle has turned into a $160,000-per-year passive income stream. Working just five hours a week, here's what his typical day looks like.

Bankrupt crypto lending platform Celsius withdraws motion to hire CFO back at $92,000 a month

Celsius has withdrawn its motion to bring back ex-CFO Rod Bolger at $92,000 a month.

Berkshire Hathaway reports operating earnings surge, but posts big investment loss amid market rout

Berkshire Hathaway's operating profits jumped in the second quarter despite fears of slowing growth.

Interviewing for your next job? Avoid this common mistake

In a hot job market, the power seems to lie in the hands of job seekers. But that doesn't mean they'll make the best decisions when choosing their next jobs.

Some consumers are cutting back on restaurant spending, but CEOs say not all chains are affected

Bloomin' Brands, Restaurant Brands International and Starbucks said they aren't seeing changes in consumer spending.

Fed Governor Bowman sees 'similarly sized' rate hikes ahead after three-quarter point moves

Federal Reserve Governor Michelle Bowman said Saturday she supports the central bank's recent big rate increases and believes they should continue.

Elon Musk challenges Twitter CEO Parag Agrawal to a debate on bots

Elon Musk took shots at Twitter on Saturday, and dared CEO Parag Agrawal to debate him in the midst of a legal battle over a $44 billion acquisition gone awry.

Netflix is expanding its push into video games, but few subscribers are playing along

Netflix has been rolling out the games as a way to keep users engaged between show releases. But estimates suggest few subscribers are playing.

Higher prices, skimpier portions and apps — how fast-food chains are changing value deals

Fast-food chains have been working on providing focused value to consumers through mobile applications and rewards programs, as they pull away from traditional value menu offerings.

Energy prices have dipped, but oil stocks are still a buy, investor says

Oil prices have fallen sharply from their recent peaks, but there's still a case for buying oil stocks, according to Bill Smead of Smead Capital Management.

Danger ahead: The U.S. economy has yet to face its biggest recession challenge

You'd be hard-pressed now to find a recession in the rearview mirror. What's down the road, though, is another story.


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