Scarlet Cardona

In a strong display of consumer resilience, July retail sales beat expectations, rising 1%, the Commerce Department reported. The gain, which was adjusted for seasonal variations but not for inflation, beat the modest 0.3% increase forecast by economists polled by Dow Jones. The adjustment followed a downward revision to June's figures, which showed a 0.2% decline from initially reported flat growth. Excluding auto-related sales, retail data still showed a positive trend, rising 0.4%, again beating the 0.1% forecast. The positive retail trade figures were complemented by encouraging developments in the employment sector. The week ended August 10 saw initial jobless…

The United States recorded its lowest annual inflation rate in three years in July, signaling a slowdown in the smallest price increases seen in nearly four decades. That development could allow the Federal Reserve to consider cutting interest rates as early as September. The Labor Department reported that consumer prices rose just 0.2% from June to July, marking a slight acceleration but the first of its kind in four years. On an annual basis, the inflation rate came in at 2.9%, down from 3% in June, marking the lowest annual rate since March 2021. This easing of inflation could play…

Mauricio Pochettino, known for his attacking, high-pressing style, is set to take the reins of the United States men’s national team. The U.S. Soccer Federation has made a bold statement by securing the services of Mauricio Pochettino as its new manager. The Argentine tactician, celebrated for his work at Tottenham Hotspur and Paris Saint-Germain, brings a wealth of experience and a proven track record of success. Pochettino’s appointment is undoubtedly a stroke of luck for U.S. soccer. The former defender has built a reputation as one of Europe’s most exciting and innovative coaches. His ability to develop young talent and…

This Saturday, the Raiders will host a special tribute to Hall of Famer Jim Otto at Allegiant Stadium, shortly before their preseason game with the Dallas Cowboys. The ceremony will feature Jim Otto's family, with his widow, Surprisewill, leading approximately ten family members in lighting the Al Davis Memorial Torch. This act of remembrance takes place before the game's kickoff, honoring Otto's extraordinary legacy. In honor of Otto’s remarkable impact on the team, the Raiders will continue to feature his No. 00 on their helmet decals, a tribute that began last week during their season-opening game in Minnesota. The team…

In 2020, Kristina Knighten, 38, and her husband Paul Cordier, 46, finalized the purchase of their picturesque home overlooking Lake Iseo in Italy. They purchased this charming two-bedroom residence for €23,000 (approximately $24,973 USD). Describing their new home, Knighten shares with CNBC Make It, "It's the kind of house you picture as a kid, complete with a gable roof, center door, and quaint upstairs windows. It's ideally located, just steps from both the train station and the lake, and it almost seems too good to be true." The duo began the renovation in March this year, anticipating costs of around…

A new report highlights the growing mental health challenges faced by young adults, attributing the crisis to the combined pressures of economic instability, climate change and rapid technological advances. The findings call for a radical overhaul of approaches to mental health care. Chloé Johnson, a 22-year-old community college student and full-time worker, embodies the struggles of many young people today. Balancing a low-paying job with education, while dealing with financial challenges like car repairs, symbolizes the economic strain faced by countless young adults. Key points Mental health problems disproportionately affect young people. Economic hardship, climate anxiety and rapid technological change…

Airwallex, a Tencent-backed fintech startup recently valued at $5.5 billion, has reached a significant financial milestone by hitting $500 million in annual revenue. The company’s CEO and co-founder Jack Zhang revealed in a recent discussion that Airwallex is targeting an initial public offering (IPO) by 2026. During the interview, Zhang expressed optimism that the company’s annual recurring revenue will potentially double to $1 billion by 2027. Airwallex’s growth trajectory has been steep, supported by strategic expansions in key markets in the UK, Europe and North America. These regions now contribute more than 35% of the company’s total trading volume, reflecting…