Gains

High Inflation Could Be Stickier Than Anticipated

Companies raise prices in response to higher labor costs, fanning inflation further

Pentagon authorizes sending additional 1,000 troops to Afghanistan

The Pentagon has reportedly authorized the deployment of 1,000 additional troops to Afghanistan, bringing the total number of troops on the ground to 6,000 as the Taliban continues its advances in the capital city of Kabul.

Producer prices soar 7.8% annually in July, most on record

Prices rose 1% month over month

Gas Prices Surge to Fresh 7-Year High

Gas prices have surged to a new seven-year high and while some experts predict predict they’ll come down soon, others expect more pain at the pump if crude oil prices rise.

Private sector hiring slows sharply in July

ADP says US economy added 330,000 private-sector jobs in July.

Scientist: ‘What We’re Seeing Is Virus Evolution 101’ — Delta Variant More Transmissible, Not More Deadly

As COVID — especially the Delta variant — surges among the fully vaccinated, Brian Hooker, Ph.D., said the more the variant deviates from the original sequence used for the vaccine, the less effective the vaccine will be on that variant.

Is America’s oil industry too big to fail?

America’s oil and gas industry employs over 11 million people and is worth more than $1.6 trillion, making the energy transition more difficult than it may seem.

Amazon Hit with Nearly $1B Fine as Stock Drops 8.1%, Bezos Loses $13.5B

Amazon hit with $887 million fine by European privacy watchdog as it sees $148 billion in market value wiped out after missing sales forecast—Bezos still world's richest person.

China publicly supports Taliban, calls them ‘important’ to Afghan peace

On Wednesday, Chinese officials hosted Taliban co-founder Mullah Abdul Ghani Baradar and a Taliban political delegation in Tianjin. During the high-profile visit, China’s Foreign Ministry publicly expressed support for the Taliban, saying they would “play an important role in the process of peace, reconciliation and reconstruction in Afghanistan.”

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