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Monthly Archives: December 2022

How to use Lensa AI photo app to turn selfies into digital avatars

Lensa AI image. Sofia Pitt You may have noticed a new trend taking over your Instagram feed. Your friends are turning themselves into digital art with the help of an artificial intelligence-generated app called Lensa. Lensa AI is currently the top free app in Apple App Store, though you’ll have …

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EU sanctions, Russian oil price cap cause crude tanker bottleneck

Buddhika Weerasinghe | Bloomberg | Getty Images New Turkish insurance rules on oil tankers carrying Russian crude continue to slow down the movement of tankers off the coast of Turkey and between Russia’s Black Sea ports and the Mediterranean. Sixteen vessels (none Russian-flagged) are waiting for insurance clearance, according to …

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U.S. economy is resilient, White House NEC Director Brian Deese says

The U.S. economy is showing “continued resilience” despite a predictable slowdown, a top White House economic advisor said Wednesday. National Economic Council Director Brian Deese said low rates of credit card delinquency and mortgage concerns point to resiliency in household balance sheets, while the labor market and the savings rate …

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Why your credit score is so important as interest rates rise

The national average credit score sits at an all-time high of 716, unchanged from a year ago, according to a report from FICO, developer of one of the scores most widely used by lenders. However, this marks the first time since the Great Recession that scores did not improve year …

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Wells Fargo, BofA CEOs say consumer demand is cooling, recession looms

Many shoppers say they plan to spend less this Black Friday as the cost-of-living crisis bites. Richard Baker | In Pictures | Getty Images American consumers are tapping the brakes on spending as the Federal Reserve’s interest rate increases reverberate throughout the economy, according to the CEOs of two of …

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Global shipping nears ‘all-out price war’ as China trade falls fast

Logistics managers are sending the message to clients that the ocean freight market is correcting itself at a faster pace than anticipated. Shipping firm HLS recently wrote to clients, “We initially expected the market was about to correct itself and normalize some time in 2023, but it comes much earlier …

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5 things to know before the stock market opens Wednesday, December 7

Traders on the floor of the NYSE Source: NYSE Here are the most important news items that investors need to start their trading day: 1. Can stocks get over the hump? U.S. equities markets entered Wednesday in a deep funk. After big losses Monday, stocks tumbled again Tuesday: The Nasdaq …

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TikTok-U.S. deal faces delays amid security concerns, report says

Rafael Henrique | Sopa Images | Lightrocket | Getty Images Negotiations between TikTok and the U.S. government have been delayed as officials continue to worry about the potential national security issues the app could pose given its ownership by Chinese company ByteDance, The Wall Street Journal reported on Tuesday. The …

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Here are 3 ways Gen Z workers can start saving now for retirement

Luis Alvarez | Digitalvision | Getty Images If you’re just out of college, you may be wondering when the right time is to get started with a retirement savings plan. The answer is now, experts say.  To that point, 55% of Americans already working think they are behind on saving …

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United Arab Emirates ranked as having the best passport in the world

A traveler passes through immigration control by walking through a “smart tunnel ” at Dubai International Airport. GIUSEPPE CACACE/AFP DUBAI, United Arab Emirates — The United Arab Emirates is ranked as the world’s number one passport to hold in terms of mobility and freedom from travel restrictions, according to the …

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