EU Ban On Russian Petroleum May Cause US Gas Shortages
On Tuesday, Bloomberg reported that due to the EU’s ban on petroleum products from Russia, the eastern states in the United States may face gasoline shortages over the summer. The…
In Germany, Inflation And Lower Prosperity Hit Consumption
In Germany, retail sales fell sharply in December, as consumer spending continued to weaken, even throughout the Christmas season, according to new data published Tuesday by the nation’s statistic service…
Fed Hikes 25 Basis Points, Stocks Rise
On Wednesday, the Federal Reserve increased short-term interest rates by 25 basis points, which brought the benchmark rate into a range of 4.50% to 4.75%, the highest it has been…
Pfizer Shares Plunge Along With Demand For Covid-19 Drugs
On Tuesday, US pharmaceutical titan Pfizer released an earnings report which left investors disappointed as it offered a bleak outlook on sales for it’s Covid-19 drugs. The firm’s shares plummeted…
Nassim Taleb Says As Interest Rates Rise, Market Fundamentals Have Changed
Nassim Taleb, the former banker and bestselling author of “The Black Swan,” is warning investors that rising interest rates are setting the market up for drastic changes across the world.…
Norway’s Sovereign Wealth Fund Posts Loss Of 14%
According to official government data, in 2022, Government Pension Fund Global, Norway’s sovereign wealth fund, suffered a record loss of 1.64 trillion kroner ($164.4 billion). According to the figures, the…
US Places More Restrictions On Export Of Tech Products To Huawei
On Tuesday, citing people familiar with the matter, Reuters reported that the US government has ceased approving licenses allowing American companies to export items to Chinese tech firm Huawei. One…
Exxon Posts Record Profits In 2022
On Tuesday, US oil major ExxonMobil disclosed it had earned $55.7 billion in profits in 2022. It marked a new high for Exxon, with the previous record being $45.2 billion…
Paul Craig Roberts Warns The Loss Of The Petrodollar Will Be Disastrous
Former White House official Paul Craig Roberts is warning that as more nations all over the globe move away from using the dollar in energy trade, the consequences for the…
British Food Inflation Continues To Rise
On Tuesday, market researcher Kantar released new data which showed that in the UK, food inflation skyrocketed to a new high of 16.7% over the four weeks of January, with…
