AP Photo/Gene J. Puskar Inflation soared to a 41-year-high in June, after it seemed like it might be cooling off. Nearly half of the month’s inflation is due to rising energy prices, according to the Bureau of Labor Statistics. But gas prices have shown some signs of cooling in recent weeks and may drop more….
Monthly Archives: July 2022
Getty Images The International Monetary Fund is gearing up to slash growth forecasts again. Kristalina Georgieva wrote that “downside risks” have worsened since the last G20 meeting. She cited war in Ukraine, high inflation, and COVID lockdowns in China as worrying trends. The International Monetary Fund plans to cut its global economic growth forecast for…
An American neighborhood. Getty Images Data shows that 14.9% of homes that went under contract in June fell through due to buyer apprehension. Deals in the real estate market are now dropping at the fastest pace since 2020. And it’s because homebuyers are finally taking their purchasing power back. Homebuyers are taking their purchasing power…
Apple chief design officer Jony Ive (L) and Apple CEO Tim Cook on September 12, 2018. Justin Sullivan/Getty Images Apple’s partnership with famed design chief, Jony Ive, is over after three years. Ive launched his own company in 2019, with an agreement for Apple to be a primary client. Here’s all you need to know…
Walmart will use this “Lifestyle Delivery Vehicle” from electric vehicle startup Canoo. Courtesy of Walmart Walmart bought a new fleet of all-electric vehicles from startup Canoo. Walmart employees will drive the vehicles to fulfill online orders. The electric vehicles will likely hit the streets in 2023. In a bid to shore up its online delivery…
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Tell us why you or someone you know is on the path to becoming a leader in Hollywood. Reed Saxon/AP Insider is seeking nominations for this year’s list of the entertainment industry’s rising stars. Nominees must be 35 years old or younger and work for a studio, streamer, or production company. You can submit yourself…
Insider Intelligence Click and collect will remain popular among US consumers in 2022, but it is no longer stealing significant dollar volume share from traditional ecommerce delivery or in-store shopping. Once a highly disruptive trend, click and collect will see its proportion of overall ecommerce and its impact on brick-and-mortar spending settle in. This monumental…
“Avatar: The Way of Water.” Disney Movie theaters had a promising first half of 2022. But with a lack of franchise tentpoles in the coming months, the industry will be tested. Theaters will mainly rely on original movies and re-releases until late October. By most accounts, the movie business has been coming back after being…
More Reddit users will have the option to add GIFs directly in comments starting today. Until now, the feature was only available for Powerups subscribers. But with Reddit winding down Powerups, it’s making some of the previously paywalled features available to everyone. Inline GIFs in comments is one of those. If the feature is enabled…