Moyo Studio/Getty Images Inflation is running higher than growth in wages. Unadjusted data shows US inflation was 9.1% in the year through June. At the same time, overall average hourly earnings in June had increased by a smaller 5.1% from last June. While wages have been growing at a strong clip in the last year,…
Monthly Archives: July 2022
Nearly 17 million Americans are self-employed, the highest share of the workforce since 2008. Self-employment is “countercyclical”, says the NASE’s Keith Hall, meaning many people turn to it during recessions. If another recession is on the horizon, it could push even more Americans to self-employment. If — as many have speculated — another recession is…
Maja Hitij/Getty Images Stocks dipped Wednesday ahead of Tesla and United Airlines earnings, which are due after the closing bell. Roughly 10% of S&P 500 companies have reported earnings so far, with just under 70% beating expectations, per FactSet. Meanwhile, President Vladimir Putin warned the Nord Stream 1 pipeline could see further cuts to gas…
European Commission President Ursula Von der Leyen. Twitter/European Commission The European Union asked countries to cut natural gas consumption by 15% starting next month. The voluntary cut would become mandatory if the energy situation worsens. Russia’s Nord Stream 1 gas pipeline is set to come back online Thursday but at reduced levels. The European Union…
Self-care, including therapy, is always worth the money. SDI Productions/Getty Images No matter your budget, there are a few things that are always worth the money. Staple items, self-care (including therapy), and your health are good areas to invest. You don’t have to spend a fortune, but it’s worth it to work these things into…
Stock market crashes, like the one in October 1929, don’t single-handedly cause depressions, but they often expose weaknesses in the economy. ullstein bild Dtl. / Contributor/Getty Images Stock market crashes can leave positive legacies in their wake — even though they cause plenty of immediate pain.In the US, stock market crashes led to the creation…
U.S. Sen. Joe Manchin (D-WV) speaks during a news conference at the U.S. Capitol March 3, 2022 in Washington, DC. Alex Wong/Getty Images Manchin has expressed concern about future generations having to pay down the national debt. But he risks handing them bigger problems by blocking climate spending in Congress. “Your legacy is being written…
QR codes are becoming embedded in the ways customers engage in marketing. Retail, quick-service restaurant (QSR), and hospitality businesses have been the main users of QR codes thus far. Marketers have significant opportunities to leverage QR codes in areas such as shopping centers, billboards, interactive TV, interactive screens, and nonfungible tokens (NFTs). The number of…
It’s tempting to get your kid every shiny new toy they ask for. But some toys are better than others when it comes to actually stimulating your child’s brain while also keeping them entertained. The parents on the Engadget staff know this well, and we’ve tried out a bunch of educational toys with our kids,…
Discord voice chats are coming to Xbox. Starting today, those enrolled in Microsoft’s Xbox Insider beta program can test the functionality before a wider rollout later this year. The feature allows Discord users on Xbox, PC and mobile to join the same voice channel, thereby making it easier to communicate when playing cross-platform games like…