Michael Burry. Bloomberg TV Michael Burry took aim at the White House for downplaying the risk of recession. The Biden administration is overlooking rising consumer debt and an oversized economy, he said. The investor of “The Big Short” fame has been warning about consumer spending and labor shortages. Michael Burry, the fund manager of “The…
Traders work on the floor of the New York Stock Exchange (NYSE) Spencer Platt/Getty Images A peak in inflation means the Federal Reserve is likely to pivot away from interest rate hikes, according to JPMorgan.The bank thinks investors should tactically favor growth stocks as a slowdown in rate hikes from the Fed would spark risk-on…
Travel and entertainment spending surged 84% annually in Q2, helping Amex bolster billed business. Looking ahead, Amex’s card revamps can help it capitalize on consumer spending trends. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Payments & Commerce industry. Learn more about becoming a client. The data: American Express’ billed business grew 30% year…
Brazil nuts are one of the most sustainable nuts, collected after dropping naturally off wild trees. Collecting them is dangerous work, but it supports Indigenous tribes and helps preserve the rainforest. We visit the Apiaká tribe in Mato Grosso, Brazil, to see how it’s using nuts to fight deforestation. Brazil nuts are one of the…
The Mercedes EQB holds a unique place in the automaker’s US lineup: unlike other EQ vehicles, it’s built upon a platform that supports gas, hybrid and electric drivetrains. If you’re familiar with Mercedes vehicles, you’ll see it’s unmistakably the electric-powered version of the GLB SUV, but it’s had a small makeover to make it fit…
After months of teasing, the NFL has launched its expected streaming service. The newly available NFL+ gives you access to live football streams and ad-free library content through the NFL App and the web starting at $40 per year or $5 per month. Spend $80 per year or $10 per month on NFL+ Premium and…
The San Diego Comic-Con might be over for another year but it left us looking forward to some incredible movies and TV shows that are coming up over the next few years. During the convention we were treated to a whole host of genre TV and movie trailers, plus the unveiling of Phase 5 of…
There’s a new feature in Google Photos on the Pixel 6 called “Camouflage” and it’s part of the Magic Eraser function. It’s currently on the Pixel 6a, but it’s due to land on the Pixel 6 and Pixel 6 Pro in the coming days – on 28 July. For those who aren’t completely up-to-speed on…
Naughty Dog co-president Neil Druckmann has shut down a report by prominent Fortnite leakers that a The Last of Us crossover is on the cards. Last week, several high-profile Fortnite leakers spread word that the game’s stars Joel and Ellie would be joining Epic’s infamous battle royale. But Druckmann has now poured cold water on…
New Star Wars toys, including one for Respawn’s upcoming release Star Wars Jedi: Survivor, were unveiled at San Diego Comic-Con over the weekend. While this on its own is not all that newsworthy, what makes these upcoming releases by Hasbro more interesting is that they give us all a look at Cal Kestis’ new, and…