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Digital in yours hands

Elon Musk wants to know how many fake Twitter accounts he has, but experts say his approach is totally wrong

Tesla CEO Elon Musk sent Twitter shares plummeting on Friday when he said he would pause its $44 billion acquisition of the social network while he researches the proportion of fake accounts and spam on the platform. Although Musk later clarified that he remained committed to the deal, he continued to hammer home the issue…
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Inflation threatens summer vacation plans for millions of Americans

Soaring inflation threatens the travel plans of millions of Americans as growing demand for travel and vacations drives up prices. Gasoline hit a new high of $4.45 on Saturday, and the start of the peak summer travel season is still weeks away. Earlier this week, federal inflation data showed airfares were up 33% from a…
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Airfares soar as Americans ignore Covid and inflation to get away

US airlines are set to raise ticket prices further as Americans ignore the fastest rise in domestic airfares in decades in their determination to travel. Airfares rose 18.6% in April from the previous month, the biggest one-month increase in the history of the consumer price index, according to the US Bureau of Labor Statistics. They…
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These cars still cost more used than new.

(iSeeCars) – Used car prices have been slowly falling since February, but according to the latest study from car search engine iSeeCars.com, many lightly used cars are more expensive than their new versions. The lightly used average car is 1.0% cheaper than its new version Mercedes-Benz G-Class as a used vehicle is the most expensive…
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This Week in the Coins: Virtually All Top 100 Cryptocurrencies Sink as LUNA Scratches Bottom – Decipher

This week in parts. Illustration by Mitchell Preffer for Decrypt A quick glance at the Decrypt This week’s homepage would have been enough to see that the global crypto industry is a hive of panic. Crypto’s Craziest Week seen from 200 billion dollars of total market capitalization evaporate between Wednesday and Thursday, while industry leaders…
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Travelers can expect Alaska Airlines to continue canceling flights at a high level for weeks

Repeated flight cancellations by Alaska Airlines over the past five weeks have shattered the travel plans of tens of thousands of passengers. (Dreamtime/TNS) SEATTLE — In a message to Alaska Airlines employees Thursday evening, CEO Ben Minicucci said the high level of flight cancellations since April would continue through this month, but added that stability…
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Abbott plans to reopen and produce formula in 2 weeks

GRAND RAPIDS, Mich. (WOOD) — Abbott Laboratories is speaking out against the White House over the national infant formula shortage and the closure of its manufacturing plant in Sturgis. In a Friday White House press conference, spokeswoman Jennifer Psaki noted that the formula shortage was partly caused by the closure of the Sturgis plant. “But…
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Rivian had a tough week on the stock market; Is the future of Amazon’s electric vehicle in danger?

Despite production delays and market upheaval, Amazon is still counting on electric vehicle startup Rivian to help it meet ambitious climate goals and put tens of thousands of electric delivery vans on the road. Rivian runs a lean operation: The number of vehicles it produced this quarter almost exactly equals the number of semiconductors it…
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7 Big Moments From Bitcoin and Crypto’s Craziest Week – Decipher

Where to start? In a decade of crypto coverage, I’ve seen a lot of crazy things, but never a week like this. In the past, there have certainly been one-off incidents that shook up the industry – like the Mt. Gox hack in 2014, or Tesla buying $1.5 billion worth of Bitcoin, or Elon Musk…
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‘Nowhere to hide?’ Why stagflation fears put stocks on the brink of a bear market

It will take more than Friday’s big rebound to dispel fears of a bear market in equities as uncertainty over the Federal Reserve’s ability to rein in inflation without sinking the economy stokes fears of stagflation – a pernicious combination of slow economic growth and persistent inflation. Stagflation is “a terrible environment” for investors, typically…
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