US Debt To Exceed $54 Trillion In A Decade
As a result of growing costs associated with its aging population and increased interest payments due to rising interest rates, the US national debt may increase by $19 trillion over…
German High Speed Train Service Hit By Metal Thefts
Due to metal thieves damaging vital infrastructure, several high-speed trains between Frankfurt and Stuttgart had to be canceled on Monday. The nation’s rail operator, Deutsche Bahn, reported that on Monday…
Musk Announces SpaceX Has Completed Its Move Of Incorporation To Texas
On Wednesday, Elon Musk, the CEO of SpaceX, announced in a post on X, the billionaire’s social media platform formerly known as Twitter, that the business has changed its state…
Japan Slips To Fourth Largest Economy As Economy Shrinks
At the close of 2023, Japan’s economy unexpectedly shrank for a second quarter, plunging the nation into a recession and complicating the Bank of Japan’s plans to reverse its negative…
Surge In US Crude Inventories Drives Oil Downward
Following reports that US crude stocks rose by the most since November, oil prices fell for a second day, maintaining the fuel’s global and American benchmarks in the narrow range…
Goldman Sachs Says Brexit Caused Much Of Britain’s Economic Woes
Brexit has cost the UK economy considerably, increasing prices and decreasing the size of the nation’s economy, according to a Monday Bloomberg story which referenced Goldman Sachs researchers. In comparison…
Bloomberg Survey Finds Germany’s Economy Is Likely Stalled
After falling in the final quarter of last year, the German economy has most likely failed to recover to growth at the beginning of 2024, according to a Bloomberg article Monday.…
Stock News – Markets Spooked By Hot CPI Report
As investors took in a hotter-than-expected January inflation report which showed prices decreasing more slowly than predicted, US stocks dropped on Tuesday, falling back from recent highs. After the release…
TikTok Pledges To Ramp Up Fight Against Fake News In Run Up To EU Elections
In the run-up to the June European Parliamentary elections, the ByteDance-owned social media platform TikTok announced Wednesday that it will be intensifying its efforts to combat fake news and covert…
Bezos Sells $4 Billion In Amazon Stock In Four Days
Jeff Bezos moved quickly to capitalize on the early surge in Amazon.com Inc this year. Bezos sold 24 million shares of the firm he founded for over $4 billion, less…
