Monthly Archives: July 2022

The current rise in stock prices is more than a bear market rally and could last into September, Fundstrat says

Traders work on the floor of the New York Stock Exchange (NYSE) Spencer Platt/Getty Images The current uptrend in stock prices is more than a typical bear market rally, according to Fundstrat.The S&P 500 has surged nearly 10% from its June low, and Fundstrat expects the index to touch 4,000 by Friday.“This should signify the…

A White House photographer wore a mask and stood at least 6 feet away to take this picture of maskless Joe Biden after he caught COVID-19

President Joe Biden was photographed sitting at his desk in the White House residence without wearing a mask after he tested positive for COVID-19 on Thursday. @POTUS on Twitter President Joe Biden tested positive for COVID-19 on July 21.  He posted a maskless photo, taken by a White House photographer, on Twitter saying he was…

British spy chief says Russia is about to ‘run out of steam’ in Ukraine, opening the door for Ukrainian forces to ‘strike back’

Ukrainian soldiers ride a tank on a road in the Donetsk region on July 20, 2022, near the front line between Russian and Ukrainian forces Anatolii Stepanov/Getty Images The UK’s spy chief said Russia is likely to “run out of steam” in Ukraine soon.  He said this will give Ukraine an opportunity to strike back…

The White House is getting out ahead of expected dismal economic growth numbers next week and pointing out that the US isn’t really in a recession

President Joe Biden speaks during a Fourth of July celebration for military families on the South Lawn of the White House on July 4, 2022. AP Photo/Evan Vucci Over half of Americans believe the US is in a recession, surveys show. The White House seems to be getting out ahead of an expected bad economic…

Effective interest rates reflect the real cost of loans or returns on deposits with the effects of compounding

The effective annual interest rate is usually discussed in the context of what a borrower pays on loans. SDI Productions/Getty The effective annual interest rate (EAIR) takes compounding into account. Effective annual interest rates reflect the real cost of borrowing or returns on deposits. Understanding how effective annual interest rates work lets you compare financial…

11 Disney Plus documentaries that reveal the inner workings of Disney’s parks and attractions

When you buy through our links, Insider may earn an affiliate commission. Learn more. Disney Plus Disney Plus has a lot of great documentaries that explore different facets of Disney’s theme parks. These specials can give fans a taste of the theme park experience without leaving their living rooms. They’re also filled with interesting bits…

Flight attendants are working up to 4 hours on the tarmac without being paid — all while dealing with ‘irate’ passengers as summer travel chaos rages on

An Air Canada jet lands at John Wayne Airport in Santa Ana, CA on Tuesday, March 15, 2022. Paul Bersebach/MediaNews Group/Orange County Register via Getty Images Most airlines don’t pay flight attendants for the time spent boarding a flight or taxiing on the runway.  But as this summer’s flight chaos rages on, some planes are…

US stocks rise as Tesla continues to climb while energy prices and bond yields drop

Musk asked Tesla executives to stop recruiting. Frederic J. Brown/Getty Images US stocks ended higher Thursday as bond yields and energy prices ticked down.  Tesla stock extended gains, jumping as much as 10%, after reporting strong second-quarter earnings.  Russia restarted the Nord Stream 1 gas pipeline but flows remained at 40% capacity.  US stocks closed…