As inflation continues to persist and the Federal Reserve continues to hike interest rates, Fitch Ratings is warning the US economy is on track to endure a 1990-style recession by this spring. On Tuesday the […]
The British pound sterling rallied on the resignation of British Prime Minister Liz Truss after only six weeks in office. Sterling rose 0.5%, reaching $1.13 vs the US dollar before falling slightly back. The FTSE […]
On Thursday, the Japanese Yen reached its lowest point versus the US dollar since 1990, at 150 yen to the dollar. The Nikkei 225 stock index also dropped nearly 1% in morning trading, hitting 27,006.96, […]
Rolls-Royce Holdings plc’s (OTC: RYCEY) reports that it already had over 300 deposits for its new electric vehicle ahead of its official unveiling on October 18th. In an interview with CNBC, Rolls-Royce Motor Cars CEO […]
US Treasury Secretary Janet Yellen told reporters Friday that inflation is not becoming entrenched in the US economic picture, as analysts have begun to grow concerned that the rising prices in America seem resistant to […]
In an effort to gain more control over the supply chain for its electric vehicle batteries, Tesla Inc is moving ahead on its plans to construct a lithium refinery in Texas. In an earnings call […]
Bloomberg’s analysis team is sounding the alarm on British inflation, predicting it could surge up to 15% by the beginning of 2023 as energy prices hit businesses hard. The outlet reported that unless the government […]
Boeing backed Wisk Aero, a 2019 startup looking to offer an electric air-taxi service in congested cities, has now debuted the sixth generation of its remote-piloted air-taxi. The company touts the pilotless yellow, all electric […]
September saw the US increase its exports of Liquified Natural Gas (LNG) to Europe according to a report by Reuters which examined data from Refinitiv Eikon. However exports were below normal for the year so […]
Citi analysts are warning that the euro area could suffer a meltdown on the same scale of the meltdown a decade ago, according to a report by CNBC. The main threat they identified to the […]
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