Former Lehman Brothers executive Lawrence McDonald has said in an interview that although the US dollar is riding high at the present moment, it may very well soon lose its coveted status as the world’s […]
Danish shipping company Maersk slashed its forecast for shipping container demand this year, as it warned that this week saw a collapse in demand for transport and logistics services. Maersk CEO Soeren Skou issued a […]
Despite governmental denials, rumors are spreading China may be about to make some major changes to its zero-Covid policy soon in an effort to boost economic confidence and more effectively open its economy back up. […]
On Monday the British Telegraph reported that Britain’s prime minister Rishi Sunak will be announcing a major new natural gas deal with the United States shortly after the COP27 climate change summit. According to the […]
OPEC issued its 2022 World Oil Outlook report this week. In it the cartel predicted global oil demand is going to continue to rise in the medium and long term, despite the West attempting to […]
In a conference call with analysts, Elon Musk revealed that Tesla intends to begin the mass production of its new Cybertruck around the end of 2023, according to a report from Reuters. First unveiled in […]
Following a downgrade by a Morgan Stanley analyst who pulled his rating on the carmaker and claimed it could fall to a sub-$1 stock, Carvana shares plunged to their lowest level in over five years. […]
The governor of the Bank of England, Andrew Bailey said in an interview with Channel 4 that the financial crisis triggered in September by Liz Truss’ mini-budget nearly triggered a financial crisis that could have […]
US stocks remained down for the week as the new labor report came in hot and failed to offer any rationale for the Federal Reserve to moderate its hawkish fiscal policy as it battles a […]
As part of its plans to reduce the hardships produced by soaring energy costs on businesses and households, Italy is preparing to set aside €15 billion ($14.6 billion), according to a new Reuters report. The […]
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