Amazon Takes Most Valuable Brand, Beating Out Apple
According to the annual Brand Finance Global 500 ranking, which ranks 48 tech companies by the value of their brand, Amazon has retaken its position as the most valuable brand…
Stocks Battered As Data Points To Continued Fed Hikes
US equities extended their losses Thursday on concerns of investors that the US economy may be heading for a recession. The S&P 500 fell 1% after the opening bell, as…
Fed’s Logan Says Rate Hikes Could Get Smaller, And Peak Rate Could Increase
On Wednesday, Dallas Federal Reserve Bank President Lorie Logan explained a possible scenario whereby the US Federal Reserve’s interest rate hikes would slow, as the bank looks to more precisely…
Saudi Arabia To Trade In Currencies Other Than The Dollar
Saudi Arabian finance minister Mohammed Al-Jadaan said the Kingdom is prepared to begin to discuss trading with other nations in currencies other than the US dollar, according to a new…
German Chancellor Says No Recession This Year For Germany
According to German Chancellor Olaf Scholz, Germany will likely avoid a recession this year. He attributed that to the nation’s accelerated efforts to diversify its energy suppliers once it ceased…
IMF Warns Global Economy Could Lose 7% Of GDP, If Nations Fragment In Economic Adversity
The International Monetary Fund is sounding the alarm on the global economy, warning that it may lose up to 7% of GDP due to the cost of living crisis, high…
Gold May Rise To Over $2100 In 2023
Industry analysts are predicting gold prices may rise to record highs above $2,000 per ounce this year, as the Federal Reserve slows the pace of rate hikes before stopping them…
Twitter Planning Further Layoffs
On Wednesday, The Insider reported that Twitter is not done cutting staff, with the social media platform preparing to lay off another 50 workers in the company’s product division in…
India Imports 33 Times As Much Russian Crude As One Year Prior
On Monday, Bloomberg, citing data from Vortexa, reported that India’s purchase of Russian crude oil has skyrocketed by a factor of 33, year over year as of December 2022. Last…
Apple Fined $17 Million By Russia For Violating Anti-Monopoly Laws
On Tuesday, Russia’s Federal Antimonopoly Service (FAS) announced it had imposed a major 1.17 billion ruble (over $17 million) fine on US tech giant Apple for violating Russia’s anti-monopoly laws.…