Afghanistan earthquake: ‘What do we do when another disaster hits?’ Afghans face crises on all fronts

CNN – Aid groups scrambled on Thursday to reach victims of a powerful earthquake that rocked eastern Afghanistan, killing more than 1,000 people in an area blighted by poor infrastructure, as the country faces dire economic and hunger crises. The slow response, exacerbated by international sanctions and decades of mismanagement, concerns people working in the … Read more

Crypto Bank Runs Are Spreading as Accounts Are Frozen

When a traditional bank files, a SWAT team of regulators swoops in, winding it down in secret and preventing a panic that could spread throughout the financial system. In cryptocurrency banking, the demise happens in full public view — and there is no regulatory SWAT team to keep the markets calm. That story unfolded this … Read more

Travel costs are up but travelers are not canceling their plans yet

Summer travel talk sure isn’t what it used to be. Rather than sun, sand and surf, many travel discussions now center on inflation, rising fuel costs and flight cancellations, a situation which could derail a much-needed 2022 summer travel comeback. Travel conversations on Twitter decreased 75% from April to May, while discussions related to gas … Read more

Wind and solar power are ‘bailing out’ Texas amid record heat and energy demand

CNN – Texans are cranking on the air conditioning this week amid an unusually early heat wave, setting new records for electricity demand in the state, which surpassed 75 gigawatts on Sunday and smashed the 2019 record. Texas grid operator ERCOT projects it could approach that peak again on Tuesday. But unlike previous extreme weather … Read more

Biden to visit Saudi Arabia after a stop in Israel, determining it’s time to engage kingdom he once called a ‘pariah’

CNN – President Joe Biden will visit Saudi Arabia next month, the White House announced Tuesday, a foreign policy trade-off that completes the reversal of his campaign pledge to make the kingdom a “pariah.” The trip, set for mid-July, will also include Biden’s first stop in Israel as President as well as a visit to … Read more

Biden watches as Latin American leaders criticize his decision to exclude some nations from the Summit of the Americas

CNN – President Joe Biden on Thursday watched on as Latin American leaders lambasted his decision to exclude autocratic leaders from the Summit of the Americas in Los Angeles, just moments after the President had delivered remarks underscoring his belief that the future of the Western Hemisphere should be a democratic one. Belize’s prime minister, … Read more

FDA advisers support Novavax’s Covid-19 vaccine for authorization

CNN – Vaccine advisers to the US Food and Drug Administration decided Tuesday that authorizing Novavax’s Covid-19 vaccine – which uses different technology from the three vaccines currently in use in the US – for emergency use in adults would be beneficial. Most of the FDA’s Vaccines and Related Biological Products Advisory Committee voted “yes” … Read more

The woman testified that Cosby forcibly kissed her at the age of 14

Santa Monica, California – A woman testified on Friday that she was 14 years old when Bill Cosby took her to a trailer on a movie set in 1975, grabbed her and kissed her so she could not move her hands. “I struggled to escape,” she said. “It was so shocking.” The woman, now 61, … Read more

Stock Market Today: Dow Falls, Salesforce Gains, Amazon Rises

The stock market dropped Wednesday following still-strong economic data and the start of the Federal Reserve’s “quantitative tightening.” The Dow Jones Industrial Average fell 177 points, or 0.5%, while the S&P 500 dropped 0.8%, and the Nasdaq Composite declined 0.7%. Stocks tried to rally in the afternoon but ultimately stumbled into the close. “US stocks … Read more

Why Is the Stock Market Down Today? Dow Slips, Oil Prices Rise, Alibaba Jumps.

Tomorrow is a new day— and the start of a new month, one that has been historically better for stock gains. May wasn’t about either gains or losses. The S&P 500 closed out the month essentially flat, though its last day was circled in red. A pop in oil prices, a response to Europe’s decision … Read more