June 17, 2024

Markets Now Monday, June 17, 2024

What the price difference between ham and bacon tell us about inflation

Shoppers in the meat aisle may have noticed something weird last month: Bacon prices are sizzling, but ham’s not so hot.  
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China is trying to rescue its property market. Prices are still plunging

Prices of new homes in China suffered their biggest fall in nearly a decade last month, in a sign that Beijing’s “historic” real estate rescue has not yet revived demand.  
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The last sugar mill in Texas shut down. Here’s why

A years-long drought in Mexico forced the last sugar mill in Texas to close in April. CNN’s Rosa Flores explains how the water crisis is affecting the US.  
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McDonald’s pulls AI ordering from drive-thrus — for now

McDonald’s is pulling the plug on an AI-powered voice automated ordering technology it was testing at more than 100 restaurant drive-thru systems in the US, bringing into question the rapid rollout of AI in the fast food industry.  
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Surgeon General demands warning label on social media apps

Surgeon General Vivek Murthy in an op-ed in the New York Times Monday said the threat social media poses to children is an emergency, and he urged Congress to put a label on the apps as with cigarettes and alcohol.  
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Opinion: The warning parents need about social media

Surgeon General Dr. Vivek Murthy’s warning should serve as a wakeup call for parents and Congress that we need to act to protect our kids’ wellbeing on social networks, writes Kara Alaimo.  
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Source: CNN Business

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