The housing market slowdown is showing up in shipping data from China

The housing market slowdown is showing up in shipping data from China

Spending cutbacks by the consumer already led to a decrease in Chinese manufacturing orders by US importers of 20-30%, as recently reported by CNBC, and more recent data from US shippers shows the housing market slowdown is now showing up in the Asian supply chain date too. “We are seeing the impact and slowdown across … Read more

FDA bans Juul e-cigarettes as US cracks down on nicotine products

The Food and Drug Administration announced Thursday that it will ban the sale of Juul e-cigarettes in the US The decision is part of the agency’s broader review of the vaping industry following years of pressure from politicians and public health groups to regulate the segment as strictly as other tobacco products after vaping became … Read more

Racism could ruin metaverse if tech doesn’t improve diversity now

The tech industry’s disappointing track record on issues of diversity could have serious consequences when the metaverse comes along. For years, you have millions of people of color have hardened unwelcome experiences on social media platforms built by mostly white and male tech CEOS, including harassment and hate speech. Many users also had their contributions … Read more

Inflation and recession fears are squeezing some industries more than others

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

Bitcoin price drops below $18,300 as sell-off accelerates

Bitcoin plunged to $18,248, and ether fell to $944 as of mid-afternoon on Saturday, as the sell-off in the crypto market accelerates. The world’s two most popular cryptocurrencies are down by more than 35% in the past week, as both breach symbolic price barriers. Carnage in the crypto market is partly to do with pressure … Read more

Why the $2 trillion crypto market crash won’t kill the economy

Francesco Carta Photographer | Moment | Getty Images Carnage in the crypto market won’t let up, as token prices plummet, companies lay off employees in waves, and some of the most popular names in the industry go belly up. The chaos has spooked investors, erasing more than $2 trillion in value in a matter of … Read more

An Unusual Movie Pick for Father’s Day

This is an edition of The Atlantic Daily, a newsletter that guides you through the biggest stories of the day, helps you discover new ideas, and recommends the best in culture. Sign up for it here. Today I wanted to take a break from politics and war and think about fathers, especially the ones—like mine—who … Read more

Inside the MARVEL micronuclear reactor project at Idaho National Lab

Nuclear reactors have a well-earned reputation for being massive construction projects that frequently run into cost overruns. Plus, once they are constructed eventually, monitoring and maintaining them takes a staff of dozens of trained experts. But Yasir Arafat believes nuclear power doesn’t have to be this way. Arafat is the technical lead of the microreactor … Read more

What to do if you face job loss

Realpeoplegroup | E+ | Getty Images As fears grow that the US economy is headed for a recession, a number of companies have announced massive waves of layoffs. It’s a stark reversal after a year or more of mass voluntary resignations and job switching amid plentiful employment opportunities nationwide, in a trend known as the … Read more

Travel costs are up but travelers aren’t 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 by 75% from April to May, while discussions related to … Read more