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Extreme heat melts diesel demand, sales drop 4% in June
India's diesel demand slumped in June as extreme heat conditions in parts of the country curtailed …
PTI
US flight prices are over $200 cheaper than they were 30 years ago when adjusting for inflation. Here's why it doesn't feel like it.
Americans think flying is too expensive, but we're actually living in the "golden age of cheap flig…
Jacob Zinkula,Madison Hoff
Oil cos losing close to Rs 3 a litre on diesel, profit on petrol down
State-owned fuel retailers are losing close to Rs 3 per litre on selling diesel while the profit on…
PTI
California put up its fast-food wage to $20. Its governor is adamant it's not causing employment to fall.
Critics of the legislation warned that the higher wages could lead to restaurants laying off some o…
Grace Dean
America's freight recession is showing no signs of ending
A recent negative ratings downgrade by S&P is just the latest sign that the freight industry is sti…
Filip De Mott
Russia is looking to rein in the country's property boom as it tries to cool an overheating economy
Russia's government has shelled out about half a trillion rubles since 2020 to fund a program that …
Jennifer Sor
The US economy is in a 'selective recession' as lower-income consumers struggle and high-income households see huge wealth creation, JPMorgan strategist says
The top 10% of Americans have gained a whopping $30.5 trillion in wealth since 2020, according to F…
Jennifer Sor
Gen Zers and millennials are willing to go on summer vacation at all costs. Literally.
Multiple surveys also found young people are willing to put travel plans ahead of their financial g…
Dan DeFrancesco
Escalation in Middle East crisis could fuel international gold prices to USD 2,500
Even as international gold prices fell relatively on Monday with relative ease in geopolitical tens…
ANI
Oil prices aren't the Fed's biggest problem right now — American demand is, says an economist
The attack on Iran on Friday isn't as important for US inflation as domestic demand, said an econom…
Huileng Tan
Americans' spending patterns are flashing a warning of a possible consumer-led recession
Consumers are pulling back on discretionary purchases, a sign that their stimulus-fueled shopping s…
Jennifer Sor
Millennials are losing their cool
The problem with millennials isn't skinny jeans or ankle socks. It's that aging is terrifying.
Emily Stewart
From ALICEs to geriatric millennials: Your complete guide to America's weird new tribes
Keep mixing up your DIPS and DINKs? You've come to the right place.
Erin Snodgrass,Jacob Zinkula
As the heat goes up this summer, so do cooling costs
The average cost to cool homes could be $719, a nearly 8% increase from the same period last year.
Catherine Boudreau
Gold rate today (21st June 2024): Latest Rates in Indian Cities
Gold rate on Friday rose across India. In Delhi, 10 grams of 24-carat gold cost ₹72,450. On the MCX…
Gold, silver rally, crude volatile while copper at two-month low: Choice Commodity Report
The Multi Commodity Exchange of India (MCX) Gold July contract saw a modest increase of +0.86 per c…
ANI
America's plan to fix its economy is going to screw over the rest of the world
There's a growing gap between America's interest rates and the rest of the world. That's going to c…
Linette Lopez
Europe's central bank cuts interest rates for first time in 5 years
The European Central Bank announced it would lower its benchmark interest rate from 4% to 3.75%, ma…
Theron Mohamed
It finally looks like the US economy is sticking its soft landing
A soft landing is here or in sight, depending on who you ask, based on inflation data, jobs data, a…
Madison Hoff
Bitcoin's price could be cut in half with its FOMO-fueled rally set to unravel, top strategist says
Bitcoin could plummet to as low as $20,000 in crypto's next "ice age," Mizuho's Dan Dolev says.