Hyundai And LG Energy Join To Build US EV Battery Plant
According to report by a local Asian news service, LG Energy Solution Ltd (LGES) and South Korea’s Hyundai Motor Co., are in talks to build two joint-venture electric vehicle battery…
Chinese Lockdowns Hit Oil And Equities As Covid Cases Hit Record Again
Monday saw China post yet another record high in newly reported Covid-19 cases, following a weekend of violent protests across the nation in response to the government’s aggressive actions to…
Twitter Is Now Hiring, But Tesla Is Being Hit Hard
Slides from a Twitter company talk leaked online, showing Twitter is hiring again, as the social media platform is having tremendous success increasing its traffic. Following the massive cost cutting…
US Spending Soars Due To Inflation
American household spending is increasing due to soaring inflation in the country, according to a report by CNBC this week. According to the data, households are spending an additional $433…
Economist Predicts Global Economies Will Endure Profound Shocks
Economist Mohamed El-Erian is warning that while many tend to see economic changes as temporary, and easily reversible, one should not view the current economic climate in those terms. He…
Goldman Sachs Says The Market Has Not Yet Hit Bottom
In a new note to clients, Goldman Sachs is telling investors to not rely on the current rally to recoup their losses, predicting a market bottom will not occur until…
IOSCO Securities Watchdog Prepares Crypto Regulatory Recommendations
The new chair of the global securities watchdog IOSCO, Jean-Paul Servais, said in a recent interview, the crash of the FTX cryptocurrency exchange had lent a new urgency to the…
New Report – Europe Needs To Reduce Gas Consumption, And Get new Supplies
The energy crisis in the European Union will last for years if new supplies of natural gas are not procured and the demand remains at present levels, according to a…
Germany Prepares Massive Windfall Green Energy Tax
According to a new report in Bloomberg, Germany is preparing to impose a windfall tax of 90% on some clean power generators, as they seek to fund a new consumer…
Exxon May Be Becoming Over-Priced
Analysts are saying it may be time to sell Exxon Mobil (XOM) as the stock continues to rise, and oil prices have begun what appears to be a longer-term decline…
