US Economy Shrank 1.5% In The Last Quarter
In the first quarter of 2022 the US economy shrank at an annualized rate of 1.5%, the worst showing since the COVID recession, according to the Bureau of Economic Analysis…
Following A New EU Deal, Gas Prices Surge As Inventory Drops
Natural gas prices show no signs of falling any time soon, having soared 150% this year, as inventory continues to dwindle. The Henry Hub Natural Gas Spot Price passed $9.30…
Analysts Predict The Automotive Chip Shortage May Last Until 2023
After automakers cancelled semiconductor chip orders in early 2020 at the start of the pandemic, the industry reallocated those resources to the personal electronics market, as sales of computers and…
Shanghai Begins To Lift Lockdown Measures As China Stagnates
Shanghai began a move towards a return of normalcy on Thursday as it unveiled more post-lockdown plans and reductions in lockdown measures for its 25 million residence. City officials announced…
Xi-Li Discord Paralyzes Officials Responsible for China Economy
A conflict between the statements of China’s President Xi Jinping, who is calling for a strict, zero-COVID policy, and Premier Li Keqiang, who is calling for balancing COVID measures with…
NIH Gives $68M To Pfizer-Partnered AI Startup
A Pfizer-associated Boston startup that uses AI and machine learning to aid drug companies with development and discovery of new drugs was given $68 million from the NIH. PostEra will…
US Supplier Of Industrial Chemicals Writes, “I Have Never Seen Anything Like The Current Supply Problems”
The following letter was courtesy of One River Asset Management CIO, Eric Peters: Dear Customer: I hope that you and your business are doing well. New price sheets are enclosed.…
New Survey Finds Inflation Forcing Retirees Back To Work
A survey from ResumeBuilder.com of 800 retirees, at least 54 years old, found one in five are saying they are likely to return to work this year, with 69% citing…
Beyond Meat Collapses Despite Hiring Kim Kardashian
Beyond Meat Inc. fell as much as 10%, trading below its IPO price, even after hiring social media influencer Kim Kardashian as a brand spokesperson. Currently it is down 64%…
Russia Is Poised To Rein In The Ruble
Russia is increasingly viewing the rise in the Ruble as an economic threat, and plans to try and contain its rise through interest rate cuts. Initially the rise of the…
