UK Consumer Confidence Collapses
According to a new study by research group GfK, UK consumer confidence has collapsed to its lowest level since records began being kept in 1974, as deep concerns over inflation,…
European Businesses Transfer Operations To Escape Fuel Shortages And Costs
As energy prices in Europe skyrocket, and gas shortages abound, many European companies are finding they can no longer compete with competitors abroad. As a result, they are choosing to…
Are Tech Stocks Beginning To Be Undervalued?
As interest rates appear set to keep rising, and the US economy appears likely to continue to decline, tech stock valuations have plummeted, but analysts note that they cannot keep…
Markets Plummet, Briefly Enter Bear Territory Again
US Stocks plummeted on Friday ending a volatile week down after briefly dropping into bear territory again, as fears rose that aggressive central bank policy going forward could trigger a…
Elon Musk Promises Working Optimus Robot At AI Day
Elon Musk is promising to reveal a working prototype of Tesla’s new Optimus AI robot at the company’s AI day event on September 30th, with the founder saying he feels…
Switzerland Is Stocking Up On Russian Gold
Switzerland is now purchasing Russian gold at the highest rate in over two years, according to a new Bloomberg report. In August, the major refining hub purchased 5.7 tons of…
Britain Officially Lifts The Ban On Fracking
On Thursday, Britain lifted its moratorium on fracking for shale gas, pointing to the nation’s pressing energy needs. Business and Energy Secretary Jacob Rees-Mogg said in an announcement that, “strengthening…
Russia’s Wheat Harvest Bountiful, But Export Is Difficult
Russia is presently on track for a historic 100 million ton wheat harvest, according to data from consultant SovEcom. Yet the commodity is piling up in the nation, as exporters…
As The Housing Market Cools, Buyers Are Still Hurting
According to new data from Realtor.com, home prices are being lowered, homes are taking longer to sell than a year ago, and now home buyers have five houses from which…
All Three Indexes Decline Thursday Off Fed’s Hike
Stocks were down at the close Thursday after a volatile session following the Federal Reserve’s announcement of a third consecutive 75 basis point hike to the benchmark fed funds rate.…
