Inflation Gauge Fell, Consumer Spending Down
The favored inflation gauge of the Federal Reserve fell further in December as consumer spending also dropped, giving investors hope the Federal Reserve’s aggressive interest rates hike may be in…
White House Renews Attacks On Oil Industry
On Friday, the White House renewed attacks on the oil sector, accusing them of neglecting to invest in capacity so they can just hand profits to investors, following Chevron’s announcement…
CEO: Intel Is Committed To Dividends
Pat Gelsinger, CEO of Intel (INTC), refuted rumors that the hard times Intel is experiencing would lead to the end of dividend payouts to investors. In an interview with Yahoo…
Lucid Soars As Rumors Of A Saudi Buyout Spread
Lucid (LCID) stock soared Friday by as much as 88%, with trading repeatedly halted for volatility, as speculation spread that Saudi Arabia’s Public Investment Fund (PIF) was considering buying out…
Bed Bath & Beyond Closes Harmon Outlets To Save Cash
Bed Bath & Beyond is making a last desperate effort to conserve cash in what many analysts think may be its last days. Yahoo Finance is reporting a source told…
Brazil Judge Fines Telegram For Not Suspending Accounts Of Bolsonaro Supporters
In Brazil, messaging app Telegram has been fined by Brazilian Supreme Court Justice Alexandre de Moraes, for ignoring a previous court order he issued requiring the social ,media platform to…
IBM Announces Layoffs
IBM Corporation has announced a wave of layoffs across its global workforce which will add its brand to the growing list of tech companies downsizing in preparation for the coming…
South Korea Coal And Gas Costs Hit Records
On Thursday, Yonhap News Agency, citing the latest data from the country’s Ministry of Trade, Industry and Energy, reported that South Korea paid record sums for its coal and gas…
German Government Paying Huge Cost For Energy Subsidies
Reuters is reporting that according to a German government document, the financial aid package the government offered, which was designed to help German businesses and households pay their skyrocketing energy…
Inequality Deepens In Britain As Inflation Presses On
According to the latest figures from the Office for National Statistics (ONS) Household Finances Survey released on Wednesday, the cost of living crisis in Britain is hitting the nation’s poorest…
