Elon Musk Says A US Debt Default Is A Matter Of When, Not If
Tesla CEO Elon Musk has predicted that given the present rate of government spending in the US, it is a matter of time before the nation defaults on its debts.…
Facebook Users Have Until August To Apply For Piece Of $725 Million Privacy Settlement
Facebook users will need to file a claim by August if they want to get a piece of a $725 million class-action settlement from a lawsuit which alleged the social…
G7 Contributions To Global Growth To Be Surpassed By BRICS
On Monday, Bloomberg reported that analysts expect that the BRICS group, whose members include Brazil, Russia, India, China, and South Africa, will add more to the world’s economic growth than…
Britain CPI Comes In Highest In Western Europe
According to official data released on Wednesday, in March, UK inflation was over 10% year over year, the highest rate seen among countries in Western Europe. Data released by the…
Meta Starts A Second Wave Of Mass Layoffs As It Prepares A Third
On Wednesday, Meta launched its second wave of mass layoffs in six months, as the company prepares for a third wave of layoffs to begin in May. Staff have been…
Binance Lifts Some Restrictions For Russian Accounts
On Tuesday, RBK business daily reported that according to Binance’s technical support service, the world’s largest cryptocurrency exchange by trading volume has lifted some of its restrictions for Russian accounts.…
Morgan Stanley Says The Credit Crunch Has Begun
Morgan Stanley’s top stock strategist Mike Wilson says the collapse of Silicon Valley Bank and the subsequent banking crisis, have set off a credit crunch in the US. He cited…
Google Stock Falls As Samsung Flirts With Microsoft AI
Google’s parent company, Alphabet, saw shares fall as much as 4% on Wednesday, marking the largest single-day decline for the stock in over two-months. The fall in prices was triggered…
When $800 Billion Stimulus Fades, Stocks To Take Hit
A new Citigroup Inc. analysis says that stocks and other risk assets will endure a hefty hit when central banks withdraw up to $800 billion in stimulus they have deployed…
JPMorgan Sees Record Profits Off Interest Income
Higher interest rates helped JPMorgan Chase report first quarter revenues which beat analysts’ expectations, as net interest income was propelled almost 50% higher. First quarter profit came in at $12.6…
