Senate Looks To Strengthen Chinese Computer Chip Ban
Democrat majority leader Chuck Schumer urged lawmakers to back a bill which would prevent the US government from doing any business with any firm the Pentagon identified as a Chinese…
Biden Calls On Congress To Avert Rail Strike
President Joe Biden is calling on Congress to step up and intervene to avert a pending rail strike which could cripple the US economy as rail transport services for goods…
Gazprom To Mothball Nord Stream Gas Pipelines
Russian state energy giant Gazprom has announced it will be shuttering both Nord Stream pipelines and their associated compressor stations, according to a new report in the Kommersant newspaper Monday…
Hyundai And LG Energy Join To Build US EV Battery Plant
According to report by a local Asian news service, LG Energy Solution Ltd (LGES) and South Korea’s Hyundai Motor Co., are in talks to build two joint-venture electric vehicle battery…
Chinese Lockdowns Hit Oil And Equities As Covid Cases Hit Record Again
Monday saw China post yet another record high in newly reported Covid-19 cases, following a weekend of violent protests across the nation in response to the government’s aggressive actions to…
Twitter Is Now Hiring, But Tesla Is Being Hit Hard
Slides from a Twitter company talk leaked online, showing Twitter is hiring again, as the social media platform is having tremendous success increasing its traffic. Following the massive cost cutting…
US Spending Soars Due To Inflation
American household spending is increasing due to soaring inflation in the country, according to a report by CNBC this week. According to the data, households are spending an additional $433…
Economist Predicts Global Economies Will Endure Profound Shocks
Economist Mohamed El-Erian is warning that while many tend to see economic changes as temporary, and easily reversible, one should not view the current economic climate in those terms. He…
Goldman Sachs Says The Market Has Not Yet Hit Bottom
In a new note to clients, Goldman Sachs is telling investors to not rely on the current rally to recoup their losses, predicting a market bottom will not occur until…
IOSCO Securities Watchdog Prepares Crypto Regulatory Recommendations
The new chair of the global securities watchdog IOSCO, Jean-Paul Servais, said in a recent interview, the crash of the FTX cryptocurrency exchange had lent a new urgency to the…