Business

Elon Musk joins the growing chorus fearing a US recession. But there are stocks for that.

Look out above, the dip buyers are back in town. Stocks are soaring — for now — as Wall Street returns from a long holiday weekend, with Fed Reserve Chair Jerome Powell testifying in front of Congress this week. The buying mood comes after the S&P 500’s worst week since March 2020, including its fall …

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Biden says he’s nearing decisions on gas tax holiday and student loans as he tries to tame costs

CNN — President Joe Biden said Monday he hopes to decide soon whether to support a temporary pause in the federal gasoline tax and is nearing a decision on student loan relief as he looks to ease the burden of high prices on Americans. “I hope to have a decision based on the data I’m …

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How much for gas? Around the world, pain is felt at the pump

COLOGNE, Germany (AP) — At a gas station near the Cologne, Germany, airport, Bernd Mueller watches the digits quickly climb on the pump: 22 euros ($23), 23 euros, 24 euros. The numbers showing how much gasoline he’s getting rise, too. But much more slowly. Painfully slowly. “I’m getting rid of my car this October, November,” …

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Macron alliance projected to lose parliamentary majority

PARIS (AP) — French President Emmanuel Macron’s centrist alliance was projected to lose its majority despite getting the most seats in the final round of parliamentary elections Sunday, while the far-right National Rally appeared to have made big gains. The projections, which are based on partial results, say Macron’s candidates would win between 230 and …

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Inflation and recession fears are squeezing some industries more than others

A woman pushes a shopping cart through the grocery isolate at Target in Annapolis, Maryland, on May 16, 2022, as Americans brace for summer sticker shock as inflation continues to grow. JimWatson | AFP | Getty Images People still appear willing to shell out to travel, go to the movies and have a drink or …

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The most popular air travel day this year was aa mess and things won’t change anytime soon

New York CNN Business — Americans earned a new federal holiday last year: juneteenth. This year the holiday, which commemorates the end of slavery in the United States, falls on Sunday but it will be observed in many places on Monday, June 20. Given that this long summer weekend also coincides with Father’s Day, that …

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Brazil Indigenous expert was ‘bigger target’ in recent years

SAO PAULO (AP) — Before disappearing in Brazil’s Amazon rainforestBruno Pereira was laying the groundwork for a mammoth undertaking: a 350-kilometer (217-mile) trail marking the southwestern border of the Javari Valley Indigenous territory, an area the size of Portugal. The purpose of the trail is to prevent cattle farmers from encroaching on Javari territory — …

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