• Inflation Has Hit the Bottle
  
  Customers at fine restaurants and bars are noticing a new form of shrinkflation: weaker drinks and smaller wine pours.
• Wall Street Layoffs Loom
  
  Last week, news leaked that JPMorgan Chase is laying off or reassigning 1,000 people in its mortgage division. It's a simple matter of what comes up, must come down.
• Average 30-Year Mortgages Inch Up to 5.81%
  
  Average long-term U.S. mortgage rates inched up this week following last week's mammoth jump, the biggest in 35 years.
• Amazon's 'Alexa' to Become Voice Impersonator
  
  Amazon.com Inc. wants to give customers the chance to make Alexa, the company's voice assistant, sound just like their grandmother - or anyone else.
• 'Groundhog Day' at IRS: Returns Pile Up, Phone Delays Worsen
  
  It's Groundhog Day at the IRS.After digging out of a daunting backlog from 2021, the agency has an even bigger backup for this tax season than it did a year ago and its pace for processing paper returns is slowing down, according to a watchdog report released Wednesday.
• Obamas Find New Podcast Home at Amazon's Audible
  
  The Obamas' media company, Higher Ground, has signed a multi-year deal with Amazon Inc.-owned Audible to make original audio content, after ending its three-year run with Spotify.
• Return of the Superjumbo: A380 Makes Comeback Despite High Oil Prices
  
  Two years ago, dozens of Airbus A380s set course for storage sites in rural France from the Gulf as the outbreak of COVID-19 accelerated the demise of the world's largest jets.
• Musk's Next Twitter Hurdles: Debt, Shareholder Vote
  
  Elon Musk says there are a few "unresolved matters" left on the table before he can seal his Twitter deal. "There is the question of, will the debt portion of the round come together, and then, will the shareholders vote in favor," Musk said Tuesday.
• Stallone, Costner, Chastain Help Launch Paramount+ in UK
  
  Paramount+ flexed the star power of its shows as it prepares to launch in the United Kingdom with an event attended by Sylvester Stallone, Viola Davis, Kevin Costner, Jessica Chastain and more.The expansion delivers overseas some popular programs like Costner's...
• CNN Seeking Digital Chief to Cut Corners
  
  As Warner Brothers Discovery seeks to shave $3 billion from CNN's budget in 2023, the media giant is seeking a chief digital officer who's a "responsible spender" and who can lead its transformation back to a fair and balanced news organization, the New York Post reports.
• New Chelsea Owner Boehly Begins Crunching Numbers
  
  UEFA's Financial Fair Play rules are starting to get some teeth and clubs will no longer be able to sign players "at any price" due to the risks of sanctions, said Chelsea's new owner Todd Boehly.
• Greg Norman: PGA Tour 'Hypocrisy' of LIV Golf 'Deafening'
  
  Golf legend Greg Norman fired back at critics of the PGA-linked critics of LIV Golf during the U.S. Open, saying, "The hypocrisy in all this, it's so loud. It's deafening."
• Bidding Tops $12.3M for Warren Buffett Charity Lunch
  
  Someone has bid more than $12.3 million at an online auction to win a final, private lunch with billionaire businessman Warren Buffett to benefit a charity that helps the poor, homeless and people battling substance abuse.The $12,345,678 bid from an unknown bidder in the...
• It's a Private Equity 'Perfect Storm' as Market Turmoil Bites
  
  Private equity investors gathered in Berlin at their annual get-together are fretting a season of record buyouts is drawing to a close after a week of market turmoil and recession fears as central banks across Europe have hiked interest rates.
• 60% of CEOs Foresee Recession by 2023
  
  Sixty percent of chief executive offices expect a recession by the end of 2023 or earlier-up from a mere 21% who saw a recession risk in their region in late 2021, according to a Conference Board survey.
• Fewer Americans Apply for Jobless Aid Last Week
  
  Fewer Americans applied for unemployment benefits last week as the U.S. job market remains strong in the face of rising inflation and interest rates. Applications for jobless aid fell by 3,000 to 229,000 for the week ending June 11, down from the previous week's 232,000.
• Despite Push, States Slow to Make Juneteenth a Paid Holiday
  
  Recognition of Juneteenth, the effective end of slavery in the U.S., gained traction after the police killing of George Floyd in 2020.
• Inflation Latest Tough Dish for US Hospitality Industry
  
  New York restaurateur James Mallios has long prided himself on culinary authenticity, spending more for sunflower oil because it is used in Greece to fry foods.
• ECB Vows Backstop Against Market Turmoil
  
  European markets trimmed gains after the European Central Bank (ECB) unveiled fresh measures on Wednesday to temper a market rout that has fanned fears of a new debt crisis before what is expected to be one of the sharpest U.S. rate hikes since 1994.
• Hedge Funds Furiously Selling Stocks, Amid 'Dire' Wall St Sentiment
  
  Hedge funds, otherwise known as the "smart money," have been dumping stocks for the past seven days at the fastest pace on record, according to Goldman Sachs. Friday's and Monday's vicious selloff exploded to the highest levels Goldman has been tracking since 2008.
• You Can Thank Bidenomics for 40-Year High Inflation
  
  Inflation is not peaking, as Federal Reserve Chairman Jerome Powell and President Joe Biden have promised. Friday's consumer price index (CPI) print for May was widely forecast by leading economists to come in at 8.2%. Some went out on a limb to go as high as 8.3%.
• Scottie Scheffler: Learning From Failures Is Crucial
  
  Scottie Scheffler, the No. 1 golfer in the world, said learning from failure was an essential part of his strategy, as he looks to build on a blockbuster year at the U.S. Open this week in Brookline, Massachusetts.
• US Open Lets Russian Tennis Players In After Wimbledon Ban
  
  The U.S. Open will allow tennis players from Russia and Belarus to compete this year despite the ongoing war in Ukraine, which prompted Wimbledon to ban those athletes.
• Apple TV, Major League Soccer Reach Historic, 10-yr Broadcasting Deal
  
  Major League Soccer and Apple TV announced a partnership on Tuesday that will see every game streamed on the app for the next decade.
• Wall St Pushes Back on SEC Bid to Rein-in SPACs
  
  U.S. financial industry groups are pushing to water down a draft Securities and Exchange Commission (SEC) rule aimed at reining-in special purpose acquisition companies or SPACs, arguing it could kill the industry.

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