Ex-ambassador says the US and its allies need to bring Hungary’s authoritarian leader ‘to his senses’ as he and Turkey’s Erdogan hold NATO’s expansion hostage

Hungarian Prime Minister Viktor Orban, right, points out city landmarks to Turkish President Recep Tayyip Erdogan, in Budapest, Hungary, Thursday, Nov. 7, 2019. Presidential Press Service via AP, Pool Hungary and Turkey are the only two states that haven’t approved adding Finland and Sweden to NATO.  Among the issues is stalling by Hungary’s Viktor Orbán,…

Lufthansa says passengers can put activated AirTags in their checked luggage just days after banning them

A Lufthansa Airbus A380. Silas Stein/Getty Images Lufthansa says activated AirTags are now allowed in checked luggage just days after banning them. The airline said on Saturday the tags were “dangerous goods” and must be turned off. It also told Airways magazine that there was no ban on AirTags, causing confusion. Lufthansa said it will…

The Fed will ‘probably break something’, and more risks may need to be priced in as markets are fragile after an era of low rates and high liquidity, Mohamed El-Erian says

Mohamed El-Erian Mohamed El-Erian The Fed will “probably break something” trying to bring down inflation, Mohamed El-Erian said. He pointed to the Fed’s meeting minutes, which gloss over risks to market liquidity and functioning. “Markets are quite fragile after such a long period of zero interest rates and massive liquidity,” he warned. The Fed will…

These are the wealthiest US states, according to a new report — and a wealth tax on the country’s richest would raise $415 billion

People participate in a “March on Billionaires” event on July 17, 2020 in New York City. Spencer Platt/Getty Images A new report finds that 30% of America’s wealth belongs to households with over $30 million. Those ultra-wealthy households are particularly clustered in some states, but don’t pay much in taxes. Because of the tax code’s…

Millions of retirees are about to get a $140 monthly raise from Social Security to help deal with how expensive everything has gotten

Even a conservative projection puts next year’s Social Security cost-of-living adjustment as the highest since 1981, when the US was in a recession. JGI/Tom Grill/Getty Images Due to high inflation, retirees and people on disability are set to get a big raise next year. The Social Security Administration announced an 8.7% cost of living adjustment…

TikTok Commerce 2022 Report Preview

TikTok’s powerful algorithm and cultural relevance has made it the go-to platform for emerging shopping trends. To succeed on TikTok, brands must craft their social commerce strategies around creating content that’s designed for entertaining first and shopping second. Insider Intelligence’s TikTok Commerce 2022 Report details social shopping behaviors on TikTok, the importance of creators in…

The average cost of pet insurance largely depends on the company you use and the type of pet you have

Insider’s experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page. Accident-only pet insurance is a more affordable option, but it’s much more…

Biden administration officials are worried OPEC+ has undermined plans for a Russian oil price cap, report says

President Joe Biden and Saudi Arabian Crown Prince Mohammed bin Salman. Royal Court of Saudi Arabia / Handout/Anadolu Agency via Getty Images Officials in the Biden administration are growing concerned that a Russian oil price cap could backfire.  Sources told Bloomberg that OPEC+’s oil production quota cut is undermining the Western effort to punish Russia. …

Transportation and logistics companies are betting their business models on 5G amid cost, infrastructure, and adoption challenges

  5G has become a vital part of the transport and logistics industries as more companies integrate the technology into their processes. Westend61/Getty Images Transportation and logistics industries are relying on 5G to create new products and offerings.  Driverless car company Halo.Car and UK courier service Yodel join a growing list of companies pegging key…

The smell from a passenger’s carry-on bag forced an American Airlines flight to make an emergency landing in Florida

An American Airlines plane lands at the Miami International Airport on June 16, 2021 in Miami, Florida. Joe Raedle/Getty Images An American Airlines flight was forced to make an emergency return to a Florida airport on Wednesday due to a chemical odor.  The odor had seeped out of a passenger’s carry-on bag and into the…