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There are signs the Fed is starting to destroy demand in its attempt to temper inflation, but food and housing are proving to be problematic.

Investors underestimating Fed’s resolve to bring down inflation, insider says
On Tuesday, Walmart surprised investors and analysts by beating expectations for earnings and revenue in the fight against inflation.

Walmart is attracting higher-income families in the fight against inflation
U.S. stocks and commodities fell Monday morning after troubling growth numbers from China, which cut key interest rates in response.

China’s surprisingly sluggish growth in July drags down global economy
It took two years for Novavax to get its COVID-19 vaccine to Americans. Since then, just 9,766 shots have been administered, or $163,834 per shot.

Is Novavax Trump’s Solyndra? $1.6B in taxpayer funds, just 2,500 vaccinated
Firms like Netflix, Microsoft and Meta have spent billions to get in on the pandemic-fueled video game boom. Here are 5 deals that may not pay off.

Netflix makes games? Five gaming investments that have yet to pay off
A dip in energy prices helped cool annual inflation in July, which has hovered at four-decade highs all year. Consumer prices stayed flat.

Consumer prices stay flat in July, annual inflation cools to 8.5%
A major auto group said tax credit requirements will make most of their electric vehicles immediately ineligible and jeopardize sales targets.

Most electric vehicles will not qualify for $7,500 tax credit
Senate Democrats are celebrating the partisan passage of the Inflation Reduction Act, but is it a misnomer? Here's what nonpartisan analyses say.

Reports: Democrats’ Inflation Reduction Act will not reduce inflation soon
Tech giants like Google, Apple and Meta are trying to get even bigger, but they face pushback. Here are the 5 biggest stories in antitrust.

Stephen King testifies and Google could get sued in biggest antitrust news
Cattle ranchers are increasingly selling off their herds, including breeding stock, as widespread drought and heat waves challenge operations.

As cattle ranchers sell off herds to combat drought, effects will last years

3 things we’ve learned from earnings season, from Big Oil to Big Tech
Since GDP turned negative for the second straight quarter, the U.S. has been thrust into a politically-heated debate: Are we in a recession?

Recession or not, here’s why Americans feel like the economy is going downhill
GDP has fallen for two straight quarters, stoking flames of a recession, so we have some recession-proof sectors in this week's Five For Friday.

5 recession-proof industries that can weather an economic downturn
The U.S. economy shrank for the second straight quarter, stoking recession fears, as the GDP 0.9% contraction follows a 1.6% contraction first quarter.

GDP is negative for second consecutive quarter, economy shrinks 0.9%
The Fed announced its fourth interest rate hike in as many months as the central bank tries to rein in 4-decade high inflation and prevent a recession.

What recession? Fed forges ahead with jumbo interest rate hike
China is trying to infiltrate the U.S. Federal Reserve and steal information and influence, according to a senior Senate Republican.

China is trying to steal Fed info and recruit employees: Senate report
The missile strikes penetrated doubt in a deal reached Friday to resume Ukraine grain exports, which have been piling up since Russia's invasion.

Wheat prices spike after Russia attacks Odesa, shaking confidence in export deal
After two years of pent up demand from the pandemic, weddings are back and more expensive than ever, for couples and for guests.

5 reasons weddings are more expensive than ever this year
Economic conditions have experts arguing whether the U.S. is heading toward a recession or is already in one. Here's who makes the final call.

Think a recession is 2 consecutive quarters of negative growth? Think again.
If Elon Musk is forced to pay Twitter a $1 billion breakup fee for backing out of the deal to acquire the company, it won't break a record.

Elon Musk might pay Twitter $1 billion breakup fee. Here’s the most expensive.
The U.S. hasn't seen inflation this high since 1981, raising the possibility the Fed may implement an historic interest rate hike to tame it.

Investors predict supersized interest rate hike by Fed after red-hot inflation
The June CPI report revealed annual inflation of 8.8%.

June CPI report: 9.1% increase in prices over last year, core CPI at 5.9%
London's Heathrow Airport is asking airlines to stop selling tickets for the rest of the summer after failing to keep up with unprecedented travel growth.

London’s Heathrow Airport latest to ask airlines to stop selling summer tickets
Twitter shares sank 6% at Monday's market open as investors react to Elon Musk backing out of his deal to buy the company.

Twitter shares sink ahead of legal fight after Elon Musk abandons buyout