New York (CNN Business)There’s no end in sight for higher prices.US consumer price inflation surged higher again in October, the Bureau of Labor Statistics reported Wednesday. Over the past 12 months, prices climbed 6.2% — the biggest increase since November 1990. Stripping out food and energy prices, which tend to be more volatile, the index…
How the supply chain caused current inflation, and why it might be here to stay
Consumer prices soared in October 2021 and are now up 6.2% from a year earlier – higher than most economists’ estimates and the fastest increase in more than three decades.At this point, that may be no surprise to most Americans, who are seeing higher prices while shopping for shoes and steaks, dining at restaurants and…
Home again: Macaulay Culkin is enjoying the comeback he’s always deserved
F ashion houses wrangling celebrities to take to the catwalk is nothing new, but one star’s appearance at the Gucci Love Parade show in Los Angeles last week sparked instant headlines around the world.It wasn’t Grammy winner St Vincent, indie icon Phoebe Bridgers or leading man Jared Leto that set tongues racing after their respective…
U.S. consumer prices soared 6.2 percent in past year, most since 1990 – POLITICO
U.S.consumer prices soared 6.2% in past year, most since 1990 Prices for U.S.consumers jumped 6.2 percent in October compared with a year earlier as surging costs for food, gas and housing left Americans grappling with the highest inflation rate since 1990. American households have been struggling with accelerating inflation for months.On Wednesday, the government spelled…
President Biden: Reversing rising inflation ‘top priority for me’
President Joe Biden says he is prepared to go to battle with inflation, as government data confirms a pace of price increases not seen in decades. The Bureau of Labor Statistics reported Wednesday morning that prices rose 6.2% on a year-over-year basis in October.A pace that fast has not been recorded on the Consumer Price…
Updating The Verge’s background policy
Today, The Verge is updating our public ethics policy to be clearer in our interactions with public relations and corporate communications professionals.We’re doing this because big tech companies in particular have hired a dizzying array of communications staff who routinely push the boundaries of acceptable sourcing in an effort to deflect accountability, pass the burden…
Apple is “looking into” cryptocurrency, says CEO Tim Cook – TechCrunch
In an interview today at the NYT Dealbook Conference, Apple CEO Tim Cook confirmed the company was looking into cryptocurrency, but clarified it had no “immediate” plans to launch any crypto-related offerings.While Cook wouldn’t detail any of the areas where the company may be exploring crypto, he did note there were several areas of Apple’s…
Inside an Online Community of People With Microchip Implants
Photo by Petri Oeschger /Getty Brandon Dalaly was at a concert with his friends last month when he was asked to show his vaccine certificate.Unlike his friends, he didn’t have a physical copy or even a digital one saved on his phone. But when he got to the venue, Dalaly slipped his hand under the…
What is an NFT? Non-fungible tokens explained
New York (CNN Business) Non-fungible tokens, or NFTs, are the latest cryptocurrency phenomenon to go mainstream.And after Christie’s auction house sold the first-ever NFT artwork — a collage of images by digital artist Beeple for a whopping $69.3 million — NFTs have suddenly captured the world’s attention. So what are NFTs? In the simplest terms,…
‘Financial Colonialism’: A Bitcoin Mine in Navajo Nation Flares Tensions
A housing project in Shiprock, New Mexico.Image: Joe Sohm/Visions of America / Contributor via Getty Images Just outside of Shiprock, New Mexico, on land belonging to the Navajo Nation, a Bitcoin mine owned and operated by a Canadian investment company consumes seven megawatts of power each month—enough to power 19,600 homes. The operation is run…