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Travel experts predict 'nightmare' weekend for holiday travelTravel experts predict it's going to be a messy weekend at Minneapolis-St. Paul International Airport.

Airline cancellations are spiking as July Fourth loomsAre your holiday travel plans safe?

Analysts Fear Bitcoin (BTC) Testing $10K Level In 'Ugly Plunge' - BenzingaBitcoin traded below the psychologically important $20,000 mark Thursday evening as the global cryptocurrency market cap slid 4.1% to $859.3 billion at press time.

Bitcoin could fall an additional 27% to its 2019 high as the crypto tests a big support level, according to Fairlead's Katie Stockton"It will likely take several months for a long-term oversold 'buy' signal to register," Fairlead Strategies' Katie Stockton said.

Income and Spending Lag Behind Inflation, a Sign of Economic FragilityAfter the latest monthly consumer data, some analysts expect a second straight quarter of decline in the U.S. gross domestic product.

Cooling Consumer Spending Points to Further Economic Slowdown Household spending in May rose at the slowest rate this year. Some economists see a second straight quarterly contraction.

NATO vows to guard 'every inch of territory' as Russia fumesMADRID (AP) — An unstable world could get even more dangerous if NATO does not remain strong and united, the head of the alliance said Thursday at the end of a summit where Western leaders labeled Russia “a direct threat” to the security of their nations.

Analysis: Europe sees China through a Russian lens, and Beijing is not happyAs leaders of major Western democracies and their allies met in two back-to-back summits this week in Europe, their focus was clear: keeping pressure on Russia as its brutal assault on Ukraine enters its fifth month.

Russia responds with threats as NATO says it is 'prepared for any eventuality'NATO chief Jens Stoltenberg says his organisation is ready for any repercussions of Sweden and Finland joining the alliance, as Russian President Vladimir Putin sends one of his trademark veiled threats over its expansion.

Putin says Finland and Sweden can 'go ahead' and join NATO but warned the countries against hosting the alliance's 'military contingents and infrastructure'Russian President Vladimir Putin said that if NATO military contingents were deployed in Finland and Sweden, Russia would "respond in kind."

Biden: High gas prices to last ‘as long as it takes’ for Ukraine victoryThe president was asked by a New York Times reporter about the surging price of oil at the end of this week’s NATO summit.

Biden: Putin is getting 'exactly what he did not want' with increased NATO unityDespite tensions on a number of fronts among the 30 NATO members, there were few signs of friction at the three-day meeting.

Scenes of Horror as Putin Hits Mall With ‘1,000 People’ InsideUkrainian authorities have reported 11 deaths from the devastating Russian assault so far.

Russian missile strike hits a crowded shopping mall in central UkraineScores of civilians were feared killed or wounded in the city of Kremenchuk. Ukrainian President Volodymyr Zelenskyy said in a Telegram post that the number of victims was "unimaginable."

Monkeypox Has Undergone “Accelerated Evolution”, Mutating At Unprecedented RatesThe ongoing monkeypox outbreak is unprecedented. This research could help to explain why.

Genomic analysis finds monkeypox virus is mutating unusually fastA new study published in Nature Medicine offers the first robust genomic analysis of the virus behind the current wave of monkeypox spreading around the globe. The research traced the virus back to a 2017 monkeypox outbreak in Nigeria and indicates it has rapidly generated an unusually high volume…

NATO announces massive increase in high-readiness forces as Russian military pushes further into eastern UkraineTroop levels will be boosted in member states bordering Russia.

NATO to dramatically increase forces on high alert to over 300,000 from 40,000 amid Russia threatUnits deployed across eight eastern and southeastern NATO countries to deter Russia hostilities will rise in size from 1,000-strong battlegroups to brigades, which comprise around 3,000-5,000 troops with more war-fighting equipment in Latvia, Lithuania and Estonia.

Metals meltdown: Fears of a global slowdown see prices tumblingWhile prices recovered slightly thereafter, commodity experts believe there is room for a downslide and forecast another 20% fall.

Metals haven't crashed this hard since the Great RecessionLONDON (BLOOMBERG) - Industrial metals are on track for the worst quarter since the 2008 global financial crisis as prices are pummelled by recession worries. Read more at straitstimes.com.

Goldman Says Signs Are Here of Belt-Tightening Impact to ProfitsThe first hints that consumer belt-tightening is passing through to corporate earnings are coming in, posing a bigger risk to US equities than stock-selling by American households, according to Goldman Sachs Group Inc..

Tesla Workers Get Their Jobs Axed After Elon Cries Fears Over RecessionThe ever-erratic CEO had said he had a “super bad feeling” about a recession.

U.S. Paying More to Borrow as Fed Raises Rates, Inflation Stays ElevatedInterest costs on national debt are up 30% this fiscal year and could increase more.

Pension Funds Plunge Into Riskier Bets—Just as Markets Are StrugglingMore public pension plans than ever are using leverage, investing borrowed money in an effort to earn higher returns and close big funding gaps. “They’re treading on very risky footing.”

Airlines got $50 billion in pandemic relief — but are still screwing AmericansAirlines are not keeping up their end of the bargain. We’re missing meetings, events, family time and more because they just can’t get their act together.

Did corporate greed fuel inflation? It's not biggest culpritWASHINGTON (AP) — Furious about surging prices at the gasoline station and the supermarket, many consumers feel they know just where to cast blame: On greedy companies that relentlessly jack up prices and pocket the profits.

Sanctions Push Russia to First Foreign Default Since Bolshevik RevolutionA debt default has been long in coming since Western sanctions created payment obstacles Moscow couldn’t overcome.

Russia slides towards default as payment deadline expiresRussia edged closer to default on Sunday amid little sign that investors holding its international bonds had received payment, heralding what would be the nation's first default in decades.

Monkeypox may have undergone 'accelerated evolution,' scientists sayThe virus is mutating up to 12 times faster than expected.

Monkeypox outbreak in U.S. is bigger than the CDC reports. Testing is 'abysmal' The testing system set up by the CDC actually deters doctors from ordering a monkeypox test, and many physicians aren't familiar with the disease, resulting in too few tests and little tracking.

Recession is challenging inflation as top fear among stock and bond investors"The inflation rhetoric is cooling while the recession narrative is gaining headlines," says Bob Schwartz, senior economist at Oxford Economics.

Google warns of 'hermit spyware' infecting Android and iOS devicesGoogle has already identified victims in Italy and Kazahkstan

Pollution cuts life expectancy in India capital by 10 years: EPICResearch says PM2.5 pollution is reducing life expectancy in one of the world’s most polluted cities by nearly a decade.

OECD says plastic pollution will grow faster than recycling rate - Resource RecyclingGlobally, discarded plastic levels could nearly triple by 2060, with about half of the plastic ending up in landfill and less than a fifth recycled, an OECD report projected.Continue Reading→

Futures Signal Sharp Losses As Recession Risks GrowThe Nasdaq closed below its follow-through day low. Leading stocks look worse.

Earnings Are Under Threat, Another Blow to Sagging Stock MarketMicrosoft, Target warn results will be lower than expected as forecasts are trimmed across industries.

Think tank says global nuclear arsenal to grow for first time since Cold WarIn a new set of research, the Stockholm International Peace Research Institute (SIPRI) think-tank said has said that the Ukraine crisis has heightened tensions among the worlds nine nuclear-armed states

Global Powers Likely To Bolster, Modernize Nuclear Arsenals In 'Worrying Trend,' Report SaysThe nine nuclear-armed states, including the United States and Russia, are likely to grow and modernize their arsenal of warheads and to be more vocal about it in the coming decade in what is seen as a "worrying trend," an influential think tank says in its latest annual study.

Heat Wave Persists in Southwest as Temperatures Reach Record HighsMore than 75 million people were under heat advisories or warnings on Sunday, a day after record high temperatures were set in more than a dozen places.

More than 70M Americans under heat alerts as blistering temps expand eastA dangerous set-up of hot temperatures and high dewpoints will mean millions of Americans from the Ohio Valley to the Gulf Coast will be in store for an unbearable heatwave during the upcoming week…

Russia warns growing cyber conflict with U.S. could spark war in real worldRussia's top cyber diplomat warned "aggressive actions" won't go "unanswered" as a U.S. official threatened "consequences on states that use cyber capabilities irresponsibly."

The fight against eye-popping inflation could hurt everything from retirements to mortgage rates — and possibly trigger the next recessionThe Federal Reserve has the tools to counter the fastest surge in inflation since 1981 — but it could hurt Americans' finances in other ways.

Retailers Should Heed Target’s Cautionary TaleInflation and oversupply have caught up with the big-box store. But everyone is struggling with shifting consumer tastes, too.

Internet praises gas station owner who stopped selling over "ripoff" prices"This is the biggest ripoff that ever has happened to people in my lifetime," Reynold Gladu said about his decision.

Russia prepared ‘to neutralise potential threats’ from NATO on the borderRussia prepared ‘to neutralise potential threats’ from NATO on the border -

Russia says will respond to NATO buildup in PolandRussia’s foreign ministry said on Saturday that Moscow’s response to a buildup of NATO forces in Poland will be proportionate, Interfax news agency

China: If Taiwan goes independent, that means warChinese Defense Minister Wei Fenghe met with his US counterpart, Lloyd Austin, at an Asian security summit in Singapore.

China is becoming more 'coercive and aggressive,' U.S. defense chief saysThe U.S. will do its part to manage tensions with China and prevent conflict even though Beijing is becoming increasingly aggressive in the Asian region, U.S. Defense Secretary Lloyd Austin said Saturday.

Treasuries Dare Fed to Step Up Hikes or Risk Inflation DefeatTreasury traders are throwing down the gauntlet to a Federal Reserve that’s fallen further behind in its fight to cool the hottest inflation in four decades.

Valuation trauma is refusing to end for S&P 500 in free fallTreasury yields soared to levels last seen in 2008 as traders braced for the possibility that the Federal Reserve will raise interest rates by 75 basis points next month after executing the first half-point hike since 2000.

CDC raises monkeypox alert as global cases surpass 1,000The U.S. Centers for Disease Control and Prevention has stepped up its monkeypox guidance as global cases of the virus surpass 1,000.

CDC Raises Monkeypox Alert Level As Number Of US Cases RisesThe Centers for Disease Control and Prevention (CDC) has raised its monkeypox alert level to Level 2, encouraging Americans to “practice enhanced precautions.” According to the CDC, travelers should:Avoid close contact with sick people, in…

Mortgage Demand Plunges To 22-Year Low As 'Worsening' Affordability Deters Buyers—But Here's Why Prices Will Still RiseHousing affordability has plunged to lows seen during the housing crisis that spurred the Great Recession—pushing some potential buyers away.

Mortgage demand falls to the lowest level in 22 years amid rising rates and slowing home salesMortgage demand continues to fall as interest rates rise further and affordability in the housing market weakens.

Kyiv under siege again as missile flies ‘critically low’ over nuke plantOne Russian missile flew “critically low” over a nuclear power plant, Ukraine said.

Russia 'threatens to strike the West' if it’s hit with US rocketsFormer Russian prime minister Dmitry Medvedev sent the warning after the US agreed to provide Ukraine with advanced rocket systems.

Inflation divide: The wealthy splurge, the poorest pull backAmericans at the low end of the income rung are once again struggling to make ends meet

Pain at the pump: Most expensive gallon in U.S. nears $10Heading into this weekend, a gallon of regular cost $9.60, while supreme cost $9.91 at a...

Another NYC Monkeypox Case Brings Total to 5, WHO Says Might Be ‘Too Late to Contain'A fifth person has tested positive for what is presumed to be monkeypox in New York City, city health officials said late Thursday night. That makes three new cases in less than 36 hours for a previously rare disease that is now spreading so quickly, top global health officials say they don’t know if it’s “too late to contain.” And…

Fifth presumed monkeypox case identified in New York CityThe World Health Organization said in the last few days, globally, cases jumped from a little more than 250 to 550.

Gas prices are skyrocketing. Here's why people haven't cut back on spending - yet | CNN BusinessSoaring gas prices have done little to slow US drivers' purchases at the pump. But they could start to spend less on other goods and services, which would be a strong headwind for an increasingly shaky US economy, experts say.

CEOs warn that US households are burning through savings at an alarming rate, and could run out within monthsAmerican consumers gained an estimated $2.5 trillion in excess savings during the pandemic, but rising prices are pushing savings rates to new lows.

As Biden takes massive approval rating hit, White House moves to act on inflationThe Biden administration is trying to emphasize to voters that it's maximizing efforts to bring prices under control as inflation hovers near a 40-year high.

60% of US blame Biden for inflation as MILLIONS push off retirementTwenty-five percent of Americans are considering pushing off retirement due to inflation. Eighty percent are changing spending habits as prices soar.

Turkey's inflation soars to 73%, a 23-year high, as food and energy costs skyrocket Economic analysts expect Turkey's inflation will only get worse as the country grapples with President Erdogan's unorthodox strategy on monetary policy.

Turkish Inflation Reaches Fastest Since 1998 With Surge Past 73%Turkey’s inflation soared in May to the fastest since 1998 as it came under more pressure from the rising cost of food and energy while ultra-loose monetary policy contributed to currency weakness.

Exclusive: Putin treated for cancer in April, U.S. intelligence report saysThe classified report, produced for President Biden, saw a turnaround from the previous assessment of the Russian leader's health.

Vladimir Putin has cancer and likely survived assassination attempt: US intel analystsThe United States intelligence community believes that Vladimir Putin’s health is suffering, and that he’s being treated for cancer, according to a Newsweek report.

Global Food Prices Stay Near Record as Ukraine War Upends TradeGlobal food prices stayed near a record as Russia’s invasion of Ukraine disrupted trade, fueling hunger and worsening a cost-of-living crisis.

Russia-induced global food crisis pushes 49M to 'brink' of famine, starvation: expert warnsRussia's war in Ukraine has sparked a global food crisis with 49 million facing famine. Now, experts are worried the world faces an increased security threat.

US and Taiwan to Deepen Trade Ties, Plan June Washington MeetingThe US and Taiwan unveiled a fresh blueprint to deepen their trade relationship focusing on ending forced labor and “harmful non-market policies and practices” as Washington and Beijing vie for sway in the region.

China demands US stop trade talks with TaiwanBEIJING (AP) — China’s government on Thursday accused Washington of jeopardizing peace after U.S. envoys began trade talks with Taiwan aimed at deepening relations with the self-ruled island democracy claimed by Beijing.

Brace yourselves for an economic 'hurricane,' Jamie Dimon saysJamie Dimon is no meteorologist, but the JPMorgan Chase CEO is predicting an economic "hurricane" caused by the war in Ukraine, rising inflation pressures and interest rate hikes from the Federal Reserve.

Financial stocks slump as JPMorgan's Dimon issues 'hurricane' warning (NYSE:BAC)The Financials sector is dropping the most of S&P 500 industry sectors on Wednesday after JPMorgan Chase (JPM) CEO Jamie Dimon warned that an economic "hurricane" is approaching. The...

Demand at food banks is way up again. But inflation makes it harder to meet the needHigh food and gas prices are squeezing working families, sending some to food pantries for the first time. But providers are struggling with high costs, fewer donations and supply chain woes.

Families in need of food bank help at levels not seen since the height of COVID-19The school year is wrapping up, and food bank officials say that, along with inflation, high gas prices and major rent increases, mean there are more families that are in need of their services.

Europe’s Russian Oil Ban Could Mean a New World Order for EnergyThe effort could hurt Russia but could also help drive up already high oil prices, hurting the global economy and enriching energy companies.

EU Says China Will Exploit Russian Oil EmbargoEuropean Commissioner for Trade Valdis Dombrovskis says Croatia will join the Euro on January 1, 2023. He also says China will exploit Russia’s need to diversify where it sells its energy, with the bloc set to ban as much as 90% of Moscow’s crude oil imports by year’s end. He speaks with Bloomberg's Maria Tadeo. (Source: Bloomberg)

Unprecedented water restrictions hit Southern California today: What they mean to youMore than 6 million Southern Californians will be placed under new drought rules today in an unprecedented effort to conserve water.

In worsening drought, Southern California water restrictions take effect Under new rules taking effect Wednesday, outdoor water use for more than 6 million residents in the Los Angeles area will be limited to one day per week amid the record-breaking drought fueled by the warming climate.

FBI director blames Iran for 'despicable' attempted cyberattack on Boston Children's Hospital | CNN PoliticsIranian government-backed hackers were behind an attempted hack of the Boston Children's Hospital computer network last year, FBI Director Christopher Wray alleged Wednesday, calling it "one of the most despicable cyberattacks I've ever seen."

FBI blocked planned cyberattack on children’s hospital, director saysFBI Director Christopher Wray said the bureau and Boston Children’s Hospital had worked closely together after a hacktivist attacked the hospital’s computer network in 2014.

Russia: US ‘adding fuel to the fire’ by sending Ukraine rocket systemThe Kremlin said Wednesday that the United States is “adding fuel to the fire” of war in Eastern Europe with President Biden’s decision to arm Ukraine with a missile system that c…

Russia: US rocket shipments to Ukraine are 'adding fuel to the fire'Russia says the United States is "adding fuel to the fire" by sending rocket shipments to Ukraine as part of their latest military aid package in the war

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