Germany Falls Into A Winter Recession
New data released Thursday shows that Germany suffered a recession during the winter, quashing hopes the country could avoid a recession amid the war in Ukraine. Output shrank by 0.3%…
Paramount With Showtime Will Cost $2 More And Launch June 27th
Paramount (PARA) has announced that on June 27th, it will launch its Paramount+ with Showtime streaming service, which will cost $11.99 per month. Paramount had previously noted it would be…
Russian Gas Supplies To EU Through Ukraine Growing
On Tuesday, Russian energy giant Gazprom confirmed it is continuing to supply gas to Western and Central Europe which is transiting through Ukrainian territory via the Sudzha pumping station. As…
Dr Doom Warns, A US Default Will Crash Global Markets
Image of Nouriel Roubini courtesy of the World Economic Forum. Renowned economist and New York University professor Nouriel Roubini is warning that the inability of US leaders to hash out…
Fitch Puts US On Downgrade Watch
Noting that the United States may default on its $31 trillion national debt within a matter of days amid “debt ceiling brinkmanship,” the Fitch credit rating agency has issued a…
German Businesses See Zero Growth In Future
On Monday, Bloomberg reported that a new study from the Association of German Chambers of Industry and Commerce (DIHK) shows that the German business community is not optimistic about the…
Coffee Getting More Expensive As Supply Tightens
Bloomberg is reporting a cup of coffee may be getting much more expensive in the near future, as tighter supplies, combined with the cost of living crisis, and the inflation…
Microsoft Bing To Integrate with OpenAI’s ChatGPT
Microsoft (MSFT) and OpenAI are drawing closer together, with the two companies announcing that Microsoft’s Bing search engine will merge with OpenAI’s ChatGPT. The new partnership was revealed in the…
Bud Light Sales Collapse Accelerates
New Nielsen data shows that sales of Anheuser-Busch InBev’s (BUD) Bud Light plunged 24.6% over the week ending May 13th. That is an acceleration of the declines seen over the…
Abbott And Other Baby Formula Makers Face FTC Investigation Over Bid Rigging
On Wednesday, the Wall Street Journal reported that the US Federal Trade Commission has launched an investigation over whether there was collusion between the makers of baby formula when bidding…
