Elon Musk shook things up at Twitter at an emergency all-hands meeting when he mentioned he could not rule out the company filing for bankruptcy protection next year, it is cannot address its cash-burn issues. […]
As major crypto exchange FTX is teetering on the edge of bankruptcy, Bitcoin has fallen to its lowest level in almost two years. Bitcoin fell 12% Wednesday, to below $16,000 per coin, the lowest price […]
On Wednesday Bloomberg reported that Europe’s diesel inventories will drop to the lowest levels in nearly 12 years, according to the latest outlook from Wood Mackenzie. The UK Consultancy’s analysts believe the stocks will be […]
Anti-poverty charity Oxfam revealed in a new study that the richest people in the world are releasing enormous and unsustainable amounts of carbon into the atmosphere, with 50% to 70% of their pollution arising from […]
For a third day oil fell, off weakened Chinese demand outlook as well as rising US inventories, which were revealed in a new industry report. After falling 4% over the first two days of the […]
According to a new report in Bloomberg citing an energy analyst at Credit Suisse, energy poverty in developing countries is being increased by the energy crisis in Europe, as the EU buys up all available […]
Goldman Sachs has issued a note predicting that when the Chinese economy fully reopens, it will translate into a 20% rise in the nation’s equity markets. In the note the bank’s economists predict that in […]
Publicly listed US oil and gas companies enjoyed an aggregate net income of over $200 billion for the second and third quarters of this year, according to a new S&P Global Commodity Insights analysis of […]
In October, home prices in Britain fell at the fastest monthly rate since February of 2021, as the real estate market continues to weaken in yet another example of fallout from the government’s economic plan. […]
Guangzhou and other major Chinese cities are seeing sudden sharp escalations in COVID-19 cases, sparking fears among investors that China will return to sudden and severe lockdowns that hamper economic activity. Official data released Tuesday […]
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