News
Fed Considers a 75-Basis Point Rate Increase This Week
Markets are anticipating a faster than expected interest rate hike, while Federal Reserve officials might be also contemplating the same...
U.N. Head Slams ‘Delusional’ New Fossil Fuel Funding
The U.N. Secretary General Antonio Guterres said renewable energy sources are “the peace plan of the 21st century” and that...
Coinbase Prepares for Recession and ‘Crypto Winter’
Coinbase will cut 18% of its full-time jobs amid a collapse in its stock and crypto prices. According to an...
Automaker CEOs Urge Congress to Lift EV Tax Credit Cap
Top car manufacturer CEOs are urging Congress to lift the federal government’s cap on the number of vehicles that are...
“Tasty and That’s It”… Russia Unveils McDonald’s Substitute
McDonald's has been renamed "Vkusno & Tochka" in Russia, where the first 15 restaurants were opened last Sunday after the...
Bitcoin Plunges 14% Over the Weekend; Cryptos Loses $200 Billion
Bitcoin has dropped 14% falling below $24,000 while the crypto market lost almost $200 billion during the weekend. The world’s...
U.S. Households Lost $0.5 Trillion in Wealth in Q1
U.S. household wealth dropped $0.5 trillion to $149.3 trillion in the first quarter, recording its first decline in two years,...
U.S. Ends Covid Testing for International Air Travelers
The Biden administration will drop Covid testing requirements for inbound air travelers from abroad starting next Sunday. The decision ends...
Inflation Rose 8.6% in May, Hits a New 40-Year High
Raising inflation hit a new four-decade high in the U.S. According to the Bureau of Labor Statistics, consumer prices surged...
Weekly Jobless Claims Rise to 229,000, Nears Five-Month High
New claims for unemployment benefits increased to the highest level since last January last week, according to a U.S. Labor...
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