Inflation has driven up the prices of nearly all goods and services, including necessary items such as groceries. The cost of a carton of eggs was 32% higher in May compared to a year ago. According to a report by Moody’s Analytics, American families pay $311 more each month, on average, for essential goods compared to one year ago. To […]

More than 40 million Americans live below the poverty line – an income threshold of about $35 per day, or $1,073 a month. Of those facing such extreme financial hardship, children are disproportionately affected, as the United States has one of the worst child poverty rates among wealthy, developed countries. Nearly 12.6 million Americans under age 18 live in households […]

The cost of buying a home was 55% higher in May than the year before, both as a result of prices increasing and higher mortgage rates, the National Association of Realtors reported. And rates have continued to rise since. For many Americans, renting is the only financially feasible choice. However, rents have also skyrocketed, and in some places where renting […]

U.S. media rights to Liberty Media’s rising auto racing circuit Formula 1 have reportedly been renewed by ESPN through 2025 after the Disney-owned sports operation outmaneuvered Netflix and other tech suitors. The pact is worth in the area of $75 million to $90 million a year, according to Sports Business Journal, which first reported the deal. While such a number […]

As reaction to the Supreme Court’s overturning of abortion rights in America sweeps the nation, Hollywood studios are focusing on the protection of employees’ access to health benefits, including travel. As of yet, they haven’t opined on the controversial decision by the conservative court. A Warner Bros. Discovery spokesperson said the company is “committed to offering our employees across the […]

Asian stock markets are trading mostly lower on Friday, following the broadly negative cues overnight from global markets, amid rising concerns of a possible recession in the foreseeable future due to aggressive policy tightening by central banks around the world. Central banks in Switzerland, England and Taiwan, among others, also decided to hike rates to fight soaring inflation. Asian markets […]

A version of this article originally appeared in the weekly weather newsletter, the CNN Weather Brief, which is released every Monday. You can sign up here to receive them every week and during significant storms. (CNN)It’s hot. The official start to summer happens tomorrow, but it already feels like we are in the middle of it. Temperatures moderated somewhat over […]

Flight pioneers the Wright brothers first flew a powered airplane on Dec. 17, 1903. Known as the Wright Flyer, it was aloft for only 12 seconds. Orville Wright lived until 1948 but was out of the plane business by 1915, when the company he helped found was sold.  At first, the airplane had little practical purpose as it could not […]

Stocks moved sharply lower over the course of the trading session on Thursday, more than offsetting the rally seen during trading on Wednesday. With the sharp pullback on the day, the major averages tumbled to their lowest closing levels in well over a year. The major averages climbed off their worst levels going into the close but still posted steep […]

Biopharmaceutical company CNS Pharmaceuticals, Inc. (CNSP) announced Thursday that it has received approval from the U.S. Food and Drug Administration (FDA) for its ongoing potentially pivotal global study evaluating the efficacy and safety of Berubicin compared with Lomustine (Gleostine) administered after first line therapy for the treatment of recurrent glioblastoma multiforme (GBM), one of the most aggressive types of brain […]