Core Scientific Bitcoin Miner Hit By Energy Costs And Decline In BTC
The world’s biggest publicly listed bitcoin miner by computing power, Core Scientific (CORZ), announced that it may run out of money before year’s end. At the end of October, the…
Federal Reserve Meeting Minutes Show Rate Hike Pace Likely Slowing
Federal Reserve policy meeting minutes show that a “substantial majority” of officials beleive it will soon be time to slow the rate of interest rate increases. The minutes show the…
Regulators Look To Block Microsoft Acquisition Of Activision Blizzard Inc
On Wednesday Politico reported that the U.S. Federal Trade Commission (FTC) appears set to block Microsoft Corp’s $69 billion takeover bid for videogame maker Activision Blizzard Inc, by filing an…
Non-Western Nations On Gold-Buying Spree To “De-Dollarize”
Business daily Nikkei Asia is reporting that strategists have noted central banks all over the globe have stepped up their gold purchases due to Russia’s assets being frozen under Western…
Russian Oil Price-Cap Revealed By G7
On Wednesday, Reuters reported that the Group of Seven (G7) nations is now considering imposing a price cap on Russian sea-borne crude in the range of $65-70 per barrel. EU…
Elon Musk Fires Some Workers Who Signed His Pledge
Since taking over Twitter in October, Elon Musk has embarked on an aggressive workforce downsizing program in an attempt to cut costs. It began at the top as Musk eliminated…
IG Metall Strikes Deal With Volkswagen
Volkswagen has struck a deal with metalworking union IG Metall for the western German factories of the automaker. The deal will closely follow an earlier deal which was struck with…
Apple’s Biggest iPhone Plant Sees Violent Protests
Apple’s main iPhone manufacturing plant in China saw violent protests erupt as workers clashed with security personnel, due to harsh measures implemented to quell a Covid-19 outbreak. The Foxconn Technology…
Elon Musk Says South Korea Is Top Investment Opportunity
According to the office of South Korean President Yoon Suk Yeol, Tesla CEO Elon Musk has said he considers South Korea to be a top candidate for investment globally. The…
Securities And Exchange Commission Fines Goldman Sachs $4 Million Over ESG Failures
On Tuesday the Securities and Exchange Commission officially charged Goldman Sachs Asset Management with violating its policies and procedures with respect to investing in Environmental, Socially-oriented, and Governance-oriented investments. The…
