Inflation just overtook the American consumer. Are we already in a recession?
The American consumer spent less in May than any other month this year, and spending actually declined when adjusted for inflation. Read More Source link
Biden tells Americans angry about high gas prices that they’ll have to pay up ‘as long as it takes’ to defeat Putin in Ukraine
Americans will endure high gas prices “as long as it takes” to quell Russian President Vladimir Putin’s Ukraine invasion, U.S. President Joe Biden said Thursday. Did he check in with…
FTX close to buying crypto lender BlockFi for knockdown price of $25 million, report says
BlockFi was reportedly close to sealing a funding round at a $1 billion valuation just weeks ago, after being valued at $3 billion in March of 2021. Read More Source…
Supreme Court takes up case that could swing election laws toward largely GOP state legislatures
The court will hear an appeal by North Carolina Republicans seeking to reinstate a voting map they drew in the General Assembly to lock in probable victories in 10 of…
Elmo got a COVID vaccine, kicking off U.S. Senator Ted Cruz’s second Muppet feud
Everyone’s favorite Muppet, Elmo, got his COVID vaccine on Tuesday, Sesame Street announced. More than 9,000 Twitter users liked the post. But Sen. Ted Cruz, R-Texas, wasn’t among them. Read…
EU regulator addresses threat crypto assets could one day pose to the financial system
The European Systemic Risk Board (ESRB) said they’re looking into measures and policies to address the potential threat that crypto assets could present to the financial system. Read More Source…
On-the-run crypto founder accused of $4 billion-plus fraud named to FBI’s 10 Most Wanted list
Ruja Ignatova was the face of the OneCoin project, which began in Bulgaria in 2014. The cryptocurrency did not turn out to exist on a blockchain and she’s thought to…
$1,000 for the flight, $600 for the balloon arch: Coping with the ‘out of hand’ costs of bachelorette parties
Young women are regularly attending these “once-in-a-lifetime” events, spending huge amounts of money, so the bride can get a perfect social media moment. Read More Source link
Ethereum dodges ‘difficulty bomb’ again as ‘Gray Glacier’ update goes live
The difficulty bomb is important for the merge, as once detonated, it aims to incentivize Ethereum’s shift to proof-of-stake. Read More Source link
Ketanji Brown Jackson is sworn in as the first Black woman on Supreme Court
Jackson replaces Justice Stephen Breyer on the nation’s highest court. Read More Source link