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The personal consumption expenditures price index rose 0.5% in June

Consumer spending and incomes rose while a key measure of inflation dipped in June

By Anneken Tappe, CNN Business A key measure of inflation showed price increases slowing down in June, while Americans’ incomes and spending rose — signaling better-than-expected momentum in the economic recovery. Even though prices continued to climb, albeit at a slower pace than expected, it didn’t weigh on American spending, the Bureau of Economic Analysis

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This image provided by NASA shows the 20-metric-ton (22-ton) Nauka module

International Space Station briefly loses control after new Russian module misfires

By Kristin Fisher, CNN An unusual and potentially dangerous situation unfolded Thursday at the International Space Station, as the newly-docked Russian Nauka module inadvertently fired its thrusters causing a “tug of war” with the space station and briefly pushing it out of position, according to NASA flight controllers. Nauka — a long-delayed laboratory module that

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Like many companies

Microsoft CEO warns ‘people will vote with their feet’ when it comes to return-to-work policies

By Jazmin Goodwin, CNN Business Major tech companies are rethinking their return-to-work policies as the spread of the Delta variant prompts a surge in Covid-19 cases across the country. This week, Google, Facebook and other companies took a firm stance on vaccine mandates, requiring all US employees to be vaccinated before returning to the office.

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