Elon Musk Offloads Almost $4 Billion In Tesla Stock
Elon Musk sold at least $3.95 billion of Tesla stock just days after he closed his buyout of Twitter. According to a regulatory filing filed in New York on Tuesday,…
Europe’s Rush For Gas Is Starving The Supply To Developing Nations
According to a new report in Bloomberg citing an energy analyst at Credit Suisse, energy poverty in developing countries is being increased by the energy crisis in Europe, as the…
Goldman Predicts A Rally In Chinese Stocks
Goldman Sachs has issued a note predicting that when the Chinese economy fully reopens, it will translate into a 20% rise in the nation’s equity markets. In the note the…
Oil Companies See Most Profitable Six Months Ever
Publicly listed US oil and gas companies enjoyed an aggregate net income of over $200 billion for the second and third quarters of this year, according to a new S&P…
UK Home Prices Fall Fastest Since Feb 2021
In October, home prices in Britain fell at the fastest monthly rate since February of 2021, as the real estate market continues to weaken in yet another example of fallout…
Chinese Cities See Covid Outbreaks, More Lockdowns Loom
Guangzhou and other major Chinese cities are seeing sudden sharp escalations in COVID-19 cases, sparking fears among investors that China will return to sudden and severe lockdowns that hamper economic…
Britain Seeks LNG Deal With US
On Monday the British Telegraph reported that Britain’s prime minister Rishi Sunak will be announcing a major new natural gas deal with the United States shortly after the COP27 climate…
Ex-Lehman Brothers Executive Says Dollar’s Reserve Status Under Threat
Former Lehman Brothers executive Lawrence McDonald has said in an interview that although the US dollar is riding high at the present moment, it may very well soon lose its…
Tesla Cybertruck To Begin Mass Production In Late 2023
In a conference call with analysts, Elon Musk revealed that Tesla intends to begin the mass production of its new Cybertruck around the end of 2023, according to a report…
Maersk Sees Global Shipping Declining
Danish shipping company Maersk slashed its forecast for shipping container demand this year, as it warned that this week saw a collapse in demand for transport and logistics services. Maersk…