News From the Control Tower - 7/21/2022
News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.
This week’s reads include:
1. The Dollar Is Extremely Strong, Pushing Down the World
The value of the U.S. dollar is the strongest it has been in a generation, devaluing currencies around the world and unsettling the outlook for the global economy as it upends everything from the cost of a vacation abroad to the profitability of multinational companies.
Nearly all the world’s fake products come from China. America’s oldest private detective agency is on the case.
3. As EVs go mainstream, a rush for share of home charger market
Consolidation has already begun, with a number of small startups snapped up
4. Google exec suggests Instagram and TikTok are eating into Google’s core products, Search and Maps
These users don’t tend to type in keywords but rather look to discover content in new, more immersive ways.
5. Putin’s Gas Game: Toy With Europe’s Supply and Make Its Leaders Squirm
Kremlin weaponizes energy over Ukraine sanctions, a gambit that carries huge risks for both sides as customers race to lock in alternative sources
Bonus: New Jersey man unearths buried cash dated to 1934 during home renovation
Rich Gilson initially thought the rolled-up bills were weeds and tossed them aside. He later learned they were around $1,000 worth of bills all dated to the same year.