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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