Newsletter Jan 12, 2022

During his Senate confirmation hearing, Fed Chair Jerome Powell testified about the direction of the economic recovery and his plans to address it.

3 things you must know

Powell vows to fight inflation on eve of ominous data report
Federal Reserve Chair Jerome Powell told lawmakers Tuesday that the U.S. economy "no longer needs or wants the very highly accommodative policy" the Fed implemented in response to the COVID-19 pandemic. But he vowed to take steps to control inflation one day before bad news is expected from government data reports.
FIND OUT HOW WALL STREET REACTED TO HIS TESTIMONY

These four grocery staples will cost consumers more in 2022
The supply chain woes that plagued consumers over the holidays could continue to affect shoppers in the grocery aisles in 2022 as several food staples will cost more and be harder to find. The Omicron variant is causing labor shortages.and disruptions over the next six weeks, forcing prices to climb on four products in particular.
FIND OUT WHICH FOUR PRODUCTS WILL COST MORE IN 2022

Creating a cybersecurity plan is essential in the modern age
There is a lot of personal information riding on a laptop as it accumulates information throughout the operator's life. It would be a very valuable asset for fraudsters and scammers. So, how can someone protect themselves from intruders taking your information?
FIND OUT HOW TO FORM YOUR OWN CYBERSECURITY PLAN

Markets

DJIA	36,252.02	0.51%
S&P 500	4,713.07	0.92%
Nasdaq Composite	15,153.45	1.41%
Japan: Nikkei 225	28,222.48	-0.90%
UK: FTSE 100	7,491.37	0.62%
Crude Oil Futures	81.29	0.09%
Gold Futures	1,820.90	0.13%
Yen	115.35	0.05%
Euro	1.14	-0.03%
* As of market close

Top colleges named in financial aid lawsuit

As college students return for the winter semester amid an Omicron wave, some of the top universities are facing another issue -- a lawsuit claiming they are conspiring in a â€œprice-fixing cartelâ€ involving financial aid and admissions practices. Five students filed the suit on behalf of their peers.

FIND OUT WHICH 16 UNIVERSITIES ARE NAMED IN THE LAWSUIT

McConnell seeks another term as GOP leader

Senate Minority Leader Mitch McConnell, R- Ky., announced he will seek another term as the GOPâ€™s top leader as the party looks to claim back the House and Senate in the midterm elections. The 80-year-old's move sets up a showdown with pro-Trump Republicans seeking new leadership.

SEE WHAT MCCONNELL IS THREATENING TO DO TO DEMOCRATS

Will smart guns protect us from dumb users?

The smart phone was warmly embraced by American consumers, but the verdict is still out on smart guns. The high-tech firearms are designed to fire only for registered users in hopes of preventing accidental shootings and gun thefts. Not surprisingly, the NRA is opposed to the technology.

CHECK OUT THE LATEST TECH USED TO CREATE SMART GUNS

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Ready, aim ...

The first firearm was invented in what country and in what century?

Tuesday's answer: Prosauropods are the oldest dinosaur fossils on record. Found in Madagascar, they date back about 230 million years.

What's ahead?

All eyes are on the latest government data reports about inflation, which is anticipated to break a 40-year high Wednesday. Stay on top of it with IBT.

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