George Soros is shifting his bets on the future of electric vehicles. Soros, who had been a big investor in nascent startups like Lucid and Rivian, has begun offloading his shares in Rivian, and is […]
In the first instance since January, China’s central bank cut a key policy rate in a effort to boost an economy which the latest numbers show may be beginning to slump. On Monday, in a […]
American regulators have been applying pressure to Chinese companies for months now, seeking to force them to comply with America listing rules. However on Friday, five of China’s biggest state-owned companies announced that instead, they […]
OPEC cut its 2022 forecast for global oil demand growth, citing the economic impact from Russia’s invasion of Ukraine, high inflation, and the risks of a global economic slowdown. It was the third forecast reduction […]
Rivian (RIVN) has announced it sees a bigger loss for the year than predicted, causing shares to waver in extended trading. Rivian reported that in the second quarter, revenue was $364 million, above its $335.7 […]
Gas prices continue to decline nationally as the average price for a gallon of regular gasoline dipped below $4 for the first time since March 5th, according to AAA data. It is an impressive decline […]
Gareth Leather, Senior Economist in the Emerging Asia team at Capital Economics, wrote a note to clients highlighting the enormous ramifications to the world economy from the Chinese military drills currently ongoing off the coast […]
On Friday, the level of the Rhine river fell to a new low which will halt the flow of large amounts of critical river traffic. It has dealt a fresh blow to Germany, as it […]
A court in Chicago convicted the former head of the JPMorgan Chase & Co. precious-metals business, Michael Nowak, and his top gold trader Gregg Smith, of manipulating the gold markets for profit for years. It […]
As stocks and bonds have been hammered this year, it has also impacted the retirement plans of millions of state and local employees. US public pension plans have been taking a beating during the market’s […]
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