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The US Federal Reserve say rates will continue to go up in the short term but there is still a long road ahead. Author and economist Linda Yueh explains why and Susan Schmidt from Exchange Capital Resources in Chicago tells us about the impact on the markets.

Cuba says it will allow foreign investors into its wholesale and retail trade for the first time in 60 years. The policy aims to tackle shortages of basic goods, like food and medicine - but stops short of fully opening trade. We speak to Ricardo Torres, a Research Fellow at the Center for Latin American and Latino Studies at American University in Washington who鈥檚 been a consultant to Cuban and foreign companies interested in Cuba.

Elon Musk鈥檚 tweets suggesting that he wanted to buy Manchester United caused markets to briefly jump by as much as 17%, before Musk clarified it was a joke. Alex Shaw, general editor at the cable sports channel ESPN in the UK, gives his analysis.

(Picture: WASHINGTON, DC - JULY 27: U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee (FOMC) at the headquarters of the Federal Reserve, July 27, 2022 in Washington, DC. Powell announced that the Federal Reserve is raising interest rates by three-quarters of a percentage point. Picture Credit: Getty Images).