Under a new set of sanctions approved by European Union officials, Sberbank, the Russian banking giant, has been officially disconnected from the SWIFT financial messaging system. European Council chief Charles…

The benchmark for international oil, Brent Crude, has surpassed $120 per barrel – a two-month high. West Texas Intermediate, the US benchmark, passed $116 per barrel, as both gas and…

People have been surprised to learn that the single biggest investor in America’s gun manufacturers is investment giant Blackrock, a firm which is among the loudest voices on Wall Street…

Moody’s Analytics chief economist Mark Zandi says we have officially entered a housing correction. New data for April and May show a softening of the US housing market. New home…

Foreign selling is  rising in the tech-heavy markets in Asia as investors move away from risk assets due to concerns about the cost of borrowing, the economic impacts of the…

Semiconductor companies are confronting a tight labor market in Arizona as the US attempts to incentivize chipmakers to bring production back to the US. One report in Nikkei Asia details…

Raytheon has won over $400 million in US missile contracts, in conjunction with various industry partners. In one contract, Raytheon will be joining with Lockheed Martin to fulfill two Army…

When someone on Twitter asked Elon Musk if he thought there would be a recession, Musk replied, “Yes, but this is actually a good thing. It has been raining money…

Bolt, the San Francisco startup devoted to payment services, noted in a letter to staff that it laid off about 250 of its 900 employees to, “secure our financial position,…

Amid difficulties hiring back crewmembers after the crushing effects of COVID-19 on the cruise industry, cruise lines are scaling back operations and services. This is leaving some cruise customers with…