The United Nations Conference on Trade and Development (UNCTAD) is warning the world that it is now “on the edge of a recession,” in large part due to aggressive monetary policies being conducted by central […]
Following the disastrous rollout of the new Prime Minister’s “mini-budget,” the UK pound sterling fell on Thursday, off news Fitch has downgraded the outlook for the country to “negative.” The pound dropped almost 1% vs […]
US stocks plummeted Friday, making for the worst day since the sell-off in September. Traders were driven to the doors when the monthly unemployment report showed continuing tightness in the labor market, which dashed hopes […]
In a Reuters report Friday, business advisory firm BDO said that across the UK in September, retailers recorded the slowest sales growth since the initial reopening of stores following the COVID shutdowns. According to the […]
Following President Biden’s announcement he would pardon those convicted of marijuana possession as well as review the drug’s federal status Thursday, marijuana stocks soared, with shares of both US and Canadian cannabis growers jumping sharply. […]
Credit Suisse spooked investors yet again when on Thursday it announced it was selling the renowned Savoy Hotel in Zurich’s financial district. The announcement comes amid a flurry of rumors the bank is in financial […]
Nord Stream said the destruction of three separate gas pipelines in the Baltic which it operated was unprecedented, and it was not possible at this time to estimate when the pipelines might be repaired and […]
Russia will likely propose a cut of 1 million barrels per day in production output at the next OPEC+ meeting, according to a new report from Reuters. The report came on the heels of comments […]
On Sunday RWE, a German utility company, announced it has cemented a deal with Abu Dhabi National Oil Company (ADNOC) for the supply of Liquid Natural Gas (LNG). However, indicative of the tightness of the […]
Stocks were mixed at the close Tuesday, as the S&P 500 settled to a new 2022 low, and the Dow Jones Industrial Average fell even deeper into a bear market, after a day of tumultuous […]
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