Econobits.com

Sunday, July 31, 2022

Sure, We're in a "Recession," but There's a Far Greater Concern for Wall Street

https://www.fool.com/investing/2022/07/31/in-a-recession-far-greater-concern-for-wall-street/

Jersey City is now America's most expensive city to live in

https://nypost.com/2022/07/29/jersey-city-is-now-americas-most-expensive-city-to-live-in/

Zelenskyy Warns That Ukraine's Harvest Will Be Cut in Half This Year

https://www.businessinsider.com/zelenskyy-warns-ukraines-harvest-cut-in-half-this-year-2022-7

Lake Tahoe report finds changes to particles, algae from fire

https://www.sacbee.com/news/local/article263944846.html

Saturday, July 30, 2022

Manchin-Schumer Spending Bill Will Have Minimal Impact on Inflation

https://www.nationalreview.com/news/wharton-school-finds-that-manchin-schumer-spending-bill-will-have-minimal-impact-on-inflation/

How Joe Manchin Decided New Spending Plan Would Ease Inflation, National Debt

https://www.businessinsider.com/inflation-bill-joe-manchin-national-debt-biden-summers-hickenlooper-climate-2022-7

Friday, July 29, 2022

Price gouging at the pump results in 235% profit jump for Big Oil: analysis

https://www.rawstory.com/price-gouging-at-the-pump-results-in-235-profit-jump-for-big-oil-analysis/

Marion County sees 17 monkeypox cases. What are the symptoms?

https://www.indystar.com/story/news/health/2022/07/28/monkeypox-cases-in-marion-county-monkeypox-symptoms/65385592007/

U.S. majors Exxon, Chevron post blowout earnings, ramp up buybacks | Reuters

https://www.reuters.com/business/energy/us-oil-giants-exxon-chevron-post-blowout-earnings-ramp-up-buybacks-2022-07-29/

Bank of America Memo: “We Hope” Worker Power Worsens

https://theintercept.com/2022/07/29/bank-of-america-worker-conditions-worse/

Fox Explains Recession in 2012 Exactly Like Biden WH Now

https://www.mediaite.com/news/watch-reporter-explains-recession-exactly-like-biden-white-house-flacks-do-on-fox-news-in-2012/

Thursday, July 28, 2022

Dems Plan Congress Stock-Trading Ban in Wake of Insider Probe: Report

https://www.businessinsider.com/congress-stock-trading-house-dems-close-proposing-ban-report-2022-7

McConnell warns Democratic tax deal will ‘kill many thousands of American jobs’

https://thehill.com/homenews/senate/3577329-mcconnell-warns-democratic-tax-deal-will-kill-many-thousands-of-american-jobs/

Wednesday, July 27, 2022

Hyundai Faces Millions in Fines for Ruining Credit Scores

https://jalopnik.com/hyundai-agrees-to-pay-19-2-million-in-fines-for-ruinin-1849334022

Gazprom: As Russia cuts gas supplies to Europe US officials say 'biggest fear' has come true

https://www.cnn.com/2022/07/26/politics/us-russia-europe-gas/index.html

Homebuilders boost incentives as they suddenly struggle to sell homes

https://www.cnbc.com/2022/07/26/homebuilders-boost-incentives-as-they-suddenly-struggle-to-sell-homes.html

Is a strong dollar bad for stocks, earnings, and profits?

https://www.fastcompany.com/90772844/the-strongest-dollar-in-20-years-is-wiping-billions-off-u-s-company-earnings-heres-why

US home prices are on the brink of 'substantially' tanking because of a 'cratering of demand'

https://www.dailymail.co.uk/news/article-11051961/US-home-prices-brink-substantially-tanking-cratering-demand.html

Siemens' new home EV charger adapter ends need for electrical panel upgrades

https://electrek.co/2022/07/27/siemens-home-ev-charger-adapter/

Tuesday, July 26, 2022

No, the White House Isn't Changing the Definition of a Recession

https://www.businessinsider.com/recession-definition-biden-white-house-gdp-inflation-outlook-economic-recovery-2022-7

Kentucky's largest school district requires masks regardless of vaccination status

https://justthenews.com/politics-policy/education/kentuckys-largest-school-district-requires-masks-regardless-vaccination

‘True Cost of Aging’ Index Shows Many Seniors Can’t Afford Basic Necessities

https://khn.org/news/article/elder-index-aging-costs-seniors-basic-necessities/

Russia says it wants to end Ukraine's `unacceptable regime'

https://apnews.com/article/russia-ukraine-zelenskyy-kyiv-black-sea-arab-league-b5c583e8d057897cfdef6b407e113339

Walmart’s pain will be problem shared widely

https://www.reuters.com/breakingviews/walmarts-pain-will-be-problem-shared-widely-2022-07-26/

Wall Street's 'Dr. Doom' says you're 'delusional' if you think the coming recession will be short and shallow

https://fortune.com/2022/07/25/recession-coming-nouriel-roubini-dr-doom-delusional-if-you-think-it-will-be-short-shallow/

Monday, July 25, 2022

First Starbucks, then Amazon, now a Korean BBQ restaurant union. Wage workers know they deserve more

https://www.latimes.com/california/story/2022-07-23/retail-union-covid

Why the US housing shortage is likely to get worse

https://thehill.com/policy/3571210-why-the-us-housing-shortage-is-likely-to-get-worse/

Sunday, July 24, 2022

Semiconductor bill unites Sanders, the right — in opposition

https://apnews.com/article/inflation-technology-congress-government-and-politics-7993ca0bb5e31d0f2141d0c2b349f370

JCPA: A bipartisan bill that could help local news outlets? It's worth a try

https://www.desertsun.com/story/opinion/2022/07/24/jcpa-bipartisan-bill-could-help-local-news-outlets-its-worth-try/10121477002/

Saturday, July 23, 2022

HOME NEWS New assault rifle being sold to civilians is twice as powerful as the AR-15 and capable of shooting through bulletproof vests, report says

https://www.businessinsider.com/gun-sold-to-civilians-sig-sauer-mcx-spear-2022-7

Current copper price 'unsustainable,' Freeport McMoRan CEO says

https://seekingalpha.com/news/3859446-current-copper-price-unsustainable-freeport-mcmoran-ceo-says

Mohamed El-Erian: Next few days critical for stocks, Snap shows broader economic issues

https://seekingalpha.com/news/3859579-mohamed-el-erian-next-few-days-critical-for-stocks-snap-shows-broader-economic-issues

Tesla Gets Its Own Lane at Mexican Border After Elon Musk Strikes Deal

https://www.businessinsider.com/tesla-gets-own-lane-mexican-border-elon-musk-strikes-deal-2022-7

Friday, July 22, 2022

CDC: 87% of Americans Should Be Wearing a Mask Indoors or Considering It

https://www.usnews.com/news/health-news/articles/2022-07-22/cdc-87-of-americans-should-be-wearing-a-mask-indoors-or-considering-it

China Is Quietly Selling US Treasury Bonds: Big Trouble For Wall Street?

https://www.ibtimes.com/china-quietly-selling-us-treasury-bonds-big-trouble-wall-street-3583217

Twitter reports a drop in quarterly revenue, citing Elon Musk and sluggish ads

https://www.npr.org/2022/07/22/1112821653/twitter-earnings-2-quarter

48% of hourly workers in the U.S. don't have a single cent in emergency savings

https://www.cbsnews.com/news/saving-money-inflation-hourly-worker-minimum-wage/

California public pension fund loses $29 billion in market downturn

https://justthenews.com/nation/states/center-square/california-public-pension-fund-loses-29-billion-market-downturn

Rents hit another record high. But it's still a better deal than buying in most US cities

https://www.cnn.com/2022/07/21/homes/rents-for-june-2022/index.html

Thursday, July 21, 2022

New Mutant Covid Variant From India, BA.2.75, Detected In California & 6 Other States, Raising Concern About Fall 2022 Wave

https://deadline.com/2022/07/ba-two-75-new-covid-variant-india-1235063096/
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