Economist Nouriel Roubini Says US Will Slip Into Recession by the End of the Year Roubini says consumer confidence is dipping even as sectors like retail sales, manufacturing and housing are slowing down. Jun 21, 2022 Elon musk
Yair Lapid to Become Israel Prime Minister as Naftali Bennett Steps Down and Moves to Dissolve Knesset Bennett's 8-party coalition was a mixed bag of parties with conflicting ideologies and agenda. Jun 21, 2022
How Russia Hurts the US Economy: Biden Mired in Stagflation Threat as Russia's Oil and Gas Revenue Soars According to Bloomberg,Russia's oil and gas revenues will hit $285 billion in 2022, which is a whopping 20 percent higher than last year's revenue. Jun 20, 2022
Washington DC Shooting: 15-Yr-Old Dies, Police Shot at During Juneteenth 'Moechella' Music Concert The Moechella event was promoted by the organizers as a peaceful 'Advocacy Festival Amplifying the Culture of Washington DC'. Jun 20, 2022
Elon Musk Engineers Another Surge in Dogecoin; Bitcoin and Ether Benefit From Rub-Off Impact The rebound in Dogecoin following Musk's tweet had add-on impact on other cryptos. Jun 19, 2022 Elon musk
WHO Chief Tedros Privately Admits Coronavirus Leaked from China's Wuhan Virology Institute - Report Tedros was instrumental in shielding Beijing from the accusations from around the world over the role of the secretive Wuhan lab in the spread of the virus. Jun 19, 2022 Coronavirus
Analyst Says US Stock Market Bear Run Will End in Months, S&P Will Hit 6,000 Level in February 2023 According to the Bank of America, the bear market cycle is likely to end by the middle of October 2022. Jun 17, 2022
US Central Bank Hikes Interest Rates by 75 Basis Points, Biggest Increase in 25 Years Along with the monetary tightening, the Federal Reserve also lowered the US economic outlook for the year. Jun 16, 2022
Europe Frets as Russia Slashes Natural Gas Deliveries Through Nord Stream Pipeline According to Gazprom, deliveries via the Nord Stream pipeline has been slashed by around 40 percent as Siemens is undertaking repairs on the line. Jun 15, 2022
Coinbase Lays Off 1,100 Employees as Crypto Headwinds Worsen The jobcut at Coninbase accounts for 18 percent of its workforce. Jun 14, 2022
India, China Shun West, On Course to Buying Record Volumes of Russian Oil This Year India used a whopping 60 million barrels of Russian oil so far in 2022, as against 12 million barrels in the whole of 2021. Jun 13, 2022
Russia Restricts Export of Rare Gases in Trade Retaliation, Semiconductor Shortage to Worsen The supply of neon and xenon gasses had already come under strain after Ukraine stopped production following the outbreak of the war. Jun 13, 2022
Russian Kalibr Cruise Missiles Take Down Huge Arms Depot, Ukraine's 3 SU-25 Fighter Jets Shot Down Ukraine has received billions worth of advanced weapons and ammunition since the start of the war with Russia in late February. Jun 12, 2022
Average US Gasoline Prices Breach $5 Per Gallon Mark; Oil Giants Make Record Profits According to AAA, the national average price for unleaded gasoline was $5.004 a gallon on Saturday, June 11. Jun 11, 2022
Is Vietnam Replacing China as World's Manufacturing Hub? Here's How Beijing is Losing Out Trade war with the US is not the only factor that cost China billions in investment. Jun 10, 2022
What is Demand Destruction? High Pump Prices Seen Slashing US Gasoline Consumption While West Texas Intermediate crude futures traded above $122 per barrel on Wednesday, Brent prices were above $123 per barrel. Jun 9, 2022
World Bank Raises Stagflation Risk, Says Many Countries Will Slip Into Recession The World Bank slashed its forecast for global growth this year to 2.9 percent, which is remarkably lower than the 4.1 percent forecast in January. Jun 8, 2022
Citigroup to Hire 3,000 Staff in Asia to Expand Institutional Banking Business The massive Asia hiring comes as a surprise, as the banking behemoth had quit the consumer banking scene in most of Asia. Jun 7, 2022
BALTOPS Naval Drill: Nato Shows off Strength in Russia's Backyard as Finland and Sweden Attend The massive drill, which was conducted just 300 miles away from Russia's Baltic Sea fleet, which is based in Kaliningrad. Jun 6, 2022
More than 60% of Americans Believe Biden's Handling of Economy Hurt Them According to Reuters, Biden's approval rating has been below 50 percent for more than six months. Jun 5, 2022