Russian Grain Exports Hit Record
Last month, amid an ever-growing list of economic sanctions, Russia managed to supply a record level of grain to the global market, according to new data from the Russian Grain…
Starbucks Reports Hot Results From Cold Drinks
Starbucks (SBUX) has been focusing on the cold to produce hot results. In the coffee seller’s fiscal third quarter results, its cold beverage business reached 75% of total drink sales.…
As Producers Raise Prices, Inflation-Strapped Consumers Shrink Volumes
Kraft Heinz’s (KHC) latest quarterly report shows that as companies are raising their prices, shoppers are pulling back in response to the higher prices. The producer of Velveeta, Oscar Mayer,…
Fitch Downgrades Fannie Mae And Freddie Mac
On Wednesday, ratings agency Fitch downgraded US mortgage giants Fannie Mae and Freddie Mac Long-Term Issuer Default Ratings, (IDR) and senior unsecured debt ratings to AA+ from AAA following the…
Massachusetts Sees Dueling Ballot Measures Over Status Of Gig Workers
In Massachusetts, a labor union and an industry-backed lobbying group are proposing to let voters decide whether to treat Uber and Lyft ride-share drivers as independent contractors, or whether they…
More German Consumers Cannot Afford Meals With Meat
According to the latest data released by European statistical office Eurostat, an increasing number of Germans did not have enough money to eat meals which included meat, fish, poultry, or…
Uranium Price Warning After Niger Coup
Photo: Joachimsthal,Bohemia,Czechoslovakia Creative commons On Tuesday, market research firm UxC warned that over the past three years, the price of uranium has doubled, and now that the government of…
Gazprom Breaks Record On Gas Deliveries To China
Russian energy giant Gazprom announced that on Monday it set a new record for daily gas deliveries to China through the Power of Siberia gas-pipeline. The gas was supplied under…
Iran Oil Production And Export Soars
Over the weekend, Iranian news agency IRNA reported that Iran has increased its oil production by roughly 1 million barrels per day (bpd) since August of 2021, with total production…
US Officials Upset Fitch Downgrades US Credit Rating From AAA To AA+
On Tuesday, both the US Treasury Department and the administration of President Joe Biden objected to the downgrade of the credit rating of the United States by credit rating company…
