Morgan Stanley Upgrades China’s Growth Forecast
China’s forecast for economic growth in 2023 is looking more optimistic, according to analysts from Morgan Stanley, who are predicting an earlier and more aggressive rebound in activity now. The…
Musk Seeks More Funding For Twitter
According to a new report from Reuters, Elon Musk is reaching out to new investors in a effort to bolster the funding for his newly acquired social media platform, Twitter,…
Ford Raises The F-150 Lightning Price Again
The Ford Motor Company has announced it will again be raising the price of the electric F-150 Lightning, noting raw material costs for manufacturing the pickup have continued to rise.…
White House to Buy Back 3 Million Barrels Of Oil For SPR
On Friday, the Department of energy announced it intends to purchase 3 million barrels of oil to replace prior withdrawals from the Strategic Petroleum Reserve (SPR). The White House noted…
Tesla Finalizing Plans For Mexican Factory
Bloomberg News is reporting that Tesla Inc is in the final stages of planning for building an assembly plant in Northeastern Mexico. The company may announce the new factory as…
Musk Offloads $3.6 Billion In Tesla Shares
Elon Musk has sold millions more shares of Automaker Tesla this week, according to filings with the US Securities and Exchange Commission. Musk sold 22 million shares of Tesla worth…
Canada Revokes Waiver For Russian Gas Turbines
The waiver which allowed the repair of gas turbines used in the Nord Stream pipeline in Montreal and their return to Germany by Canada has been revoked. In a joint…
Bahamian Liquidators Fight To Be Given Access To FTX IT Systems Which Allow Asset Removal
New legal proceedings filed by lawyers for the leadership of the failed cryptocurrency exchange FTX, have revealed Bahamian liquidators assigned to the FTX case have been trying to exclude over…
Southwest Airlines Reaches Agreement With Union For Customer Service Employees
On Thursday, the International Association of Machinists and Aerospace Workers Union (IAM) announced that Southwest Airlines customer service employees ratified the new five year collective bargaining agreement the union negotiated,…
Citi Predicts A Mild Recession in 2023
Citi Global Wealth Investments (CGWI) has issued its latest outlook report, and it is predicting there will be a mild recession in 2023, as unemployment rises above 5%. The outlook…
