Business Update – July 6 2022
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward.
Stock futures show signs of picking up this week
Stock futures inched higher at the beginning of this shortened holiday week. This was welcome news from analysts, after coming off of another weak finish on Friday.
Thousands of flights canceled over holiday weekend
Travelers showed up in record numbers at airports over the Fourth of July weekend, nearing pre-pandemic levels. Many were met with chaos as airlines canceled flights.
June jobs report expected Friday
The job report for June is expected on Friday and, as investors greet the third quarter with increased trepidation about a recession, many analysts fear it will affect the markets more than usual.
Tesla pausing production in two plants
Tesla is pausing production in two of its facilities this month, citing plant upgrades that will allow them to increase production in August. The closures have given investors pause as the electric car company just wrapped up a shaky quarter.
Recession talk ramps up
Both Wall Street and Washington seem to think a recession is inevitable, as the Federal Reserve ramps up its battle against the highest inflation in four decades.
The Bitcoin bear market explained
Bitcoin Magazine has compiled six charts of key data sets to explain the effects of the bear market on bitcoin miners and their operations.
$8 a gallon gas?
Forbes Magazine explains how the price of fossil fuels will rise much higher while we wait on greener alternatives.
The future of student loan debt
With the pause on student loan repayments coming to an end on August 31, many are wondering if the federal government will announce a student loan forgiveness program.
Rihanna is America’s youngest self-made billionaire woman
The 34-year-old singer and Fenty Beauty CEO placed in Forbes’ annual list of America’s richest self-made women for the third year in a row, and is the only billionaire on the list under the age of 40.
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