The British pound sterling rallied on the resignation of British Prime Minister Liz Truss after only six weeks in office. Sterling rose 0.5%, reaching $1.13 vs the US dollar before…

On Thursday, the Japanese Yen reached its lowest point versus the US dollar since 1990, at 150 yen to the dollar. The Nikkei 225 stock index also dropped nearly 1%…

In an effort to gain more control over the supply chain for its electric vehicle batteries, Tesla Inc is moving ahead on its plans to construct a lithium refinery in…

As inflation continues to persist and the Federal Reserve continues to hike interest rates, Fitch Ratings is warning the US economy is on track to endure a 1990-style recession by…

The Washington Post is reporting that corporate documents show that Elon Musk plans to cut 75% of Twitter’s 7,500 strong workforce after he completes his $44 billion takeover of the…

In an earnings call Wednesday, Elon Musk said he was excited about his upcoming acquisition of Twitter, even though he said he felt he was overpaying for the buyout. The…

Ursula von der Leyden, the European Commission President, has said EU Member states should purchase their natural gas jointly, so as to avoid competing with each other for fuel and…

Der Spiegel reported that the German Retail Federation (HDE) is warning that rising energy costs and an already sharp decline in consumption now have Germany’s retail industry in peril According…

Amazon founder Jeff Bezos is warning that surging inflation is causing too much pain, and that may be driving the economy into a recession. He issued the warning in a…

Electric Vehicle maker Tesla issued its third quarter earnings results after the close on Wednesday, revealing it missed analyst expectations on revenue but came in slightly above estimates on earnings.…