Musk Locks Down Twitter Offices To Prevent Sabotage
A new crisis has emerged at Twitter, as a wave of employees has apparently rejected CEO Elon Musk’s demand they sign a pledge to work long hours as part of…
Oil Set To Lose Over 7% For Second Week
As the week heads to a close, oil is set to experience its second weekly drop of over 7%, as the demand outlook worsens, and concerns spread through the crude…
Bill Ackman Says Entrenched Inflation Will Push Equities Down
Since late last year, billionaire hedge fund manager Bill Ackman has been chiding the Federal Reserve to act seriously to take on inflation. Now he is sounding the alarm over…
Jeremy Hunt Says UK Officially In Recession
On Thursday, in his Autumn Statement to Parliament, Chancellor of the Exchequer Jeremy Hunt said Britain is now officially in recession, and he unveiled a new economic plan designed to…
FTX Collapse Is Generating Liquidity Pressures At Other Crypto-Firms
More cryptocurrency companies are coming under liquidity pressures, as the fallout from the FTX exchange’s collapse begins to spread. Presently Gemini, the exchange founded by the Winklevoss twins, is experiencing…
Doctor Doom Says Crypto Ecosystem Is Corrupt And Big Players Are Con Men.
Following the collapse of the FTX cryptocurrency exchange, Nouriel Roubini has entered the debate, describing the cryptocurrency ecosystem as, “totally corrupt” and calling its big players “con men.” On Wednesday,…
Target Expects Organized Theft Will Cost Company $600 Million This Year
On Wednesday, Target Corp (TGT.N) released guidance predicting an unexpected drop in holiday-quarter sales. The company attributed the drop to rising inflation, as well as “dramatic changes” in consumer preferences…
UK Inflation Highest In 41 Years
British inflation leapt to a 41 year high of 11.1% last month, driven by the rapidly increasing cost of energy. The increase was revealed by the Office of National Statistics,…
Oil Extends Drop As Geopolitical Tensions Decline
As geopolitical concerns eased, oil investors shifted their views back to the demand outlook, and oil fell, extending its losses. West Texas Intermediate fell to nearly $84 per barrel, after…
CNBC Says Eurozone Recession Will Be Worse Than Thought
On Wednesday, CNBC reported that according to economists it spoke with, the 19-member Eurozone was facing a much deeper recession in the coming months than economists have been predicting. The…
