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Economy

Norway Bolsters Security of Vulnerable Undersea Cables after Nord Stream Pipeline Sabotage

November 29, 2022 - 1:09 pmNovember 29, 2022 - 10:06 am by Nick R. Hamilton

Norway is bolstering its security of undersea cables after the recent sabotage of the underwater Nord Stream pipeline system exposed critical vulnerabilities.

Categories Economy Tags Business, Europe, Gas, News, Nord Stream 2, Norway, Pipeline Leave a comment

Local Governments Mobilize Veterans to Cover Worker Shortage at Foxconn over Revenue Loss Fears

November 28, 2022 - 11:02 amNovember 28, 2022 - 10:06 am by Nick R. Hamilton

Local governments in China are mobilizing military veterans to cover the worker shortage at Foxconn as violent protests over Covid lockdown measures continue to escalate at the world’s largest Apple iPhone factory.

Categories Economy Tags Business, News Leave a comment

American Consumers’ Sentiment on Economy Plummets, New Survey Shows

November 27, 2022 - 10:06 am by Nick R. Hamilton

Sentiment regarding the U.S. economy is plummeting among American consumers, a new survey has revealed.

Categories Economy Tags Business, Consumer Confidence, Economy, Inflation, News, U.S. Consumers 1 Comment

Ford Recalls More than 634,000 SUVs over Fuel Leaks, Fire Risk

November 26, 2022 - 12:41 pmNovember 26, 2022 - 10:06 am by Nick R. Hamilton

Ford Motor Company is recalling more than 634,000 SUVs globally over reports of fuel leaks and fire risks.

Categories Economy Tags Business, Cars, Ford, News, Recall 2 Comments

Musk Delays Relaunch of Twitter Blue, Announces New Gold and Grey Checkmarks

November 25, 2022 - 11:44 amNovember 25, 2022 - 10:10 am by Nick R. Hamilton

Elon Musk is delaying the relaunch of the Twitter Blue subscription service but has announced that the social media platform is rolling out new gold and grey checkmarks.

Categories Economy Tags Big Tech, Blue Check, Business, Elon Musk, News, Social Media, Twitter Leave a comment

Sam Bankman-Fried Ran FTX as His ‘Personal Fiefdom,’ Lawyers Say

November 25, 2022 - 10:24 amNovember 24, 2022 - 10:10 am by Nick R. Hamilton

FTX founder and former CEO Sam Bankman-Fried run his company like a “personal fiefdom,” lawyers for the failed cryptocurrency exchange say.

Categories Economy Tags Business, News Leave a comment

FTX Funneled Millions into Political Campaigns before Bankruptcy

November 23, 2022 - 1:24 pmNovember 23, 2022 - 10:10 am by Nick R. Hamilton

Three FTX executives funneled over $70 million to political campaigns during the 2022 election cycle, ranking third in donations overall, records show.

Categories Economy Tags Business, Donations, FTX, George Soros, Midterms, News, Sam Bankman-Fried 2 Comments

S&P Global Warns: Corporate Defaults Will Double Even in Mild Recession

November 24, 2022 - 10:51 amNovember 22, 2022 - 10:10 am by Nick R. Hamilton

Leading analysts with S&P Global have warned that corporate default rates will more than double, even if the United States only suffers a mild recession.

Categories Economy Tags Business, Corporate Defaults, Interest Rates, News, S&P Global Leave a comment

Elon Musk Restores Project Veritas’ Twitter Account

November 21, 2022 - 12:11 pmNovember 21, 2022 - 10:10 am by Nick R. Hamilton

Elon Musk’s Twitter has restored the account of the non-profit investigative journalism watchdog Project Veritas as several high-profile users have had bans lifted in recent days.

Categories Economy Tags Big Tech, Business, Elon Musk, James O'Keefe, News, Project Veritas, Twitter Leave a comment

Alameda: The Firm at the Heart of FTX’s Epic Collapse

November 20, 2022 - 12:35 pmNovember 20, 2022 - 10:10 am by Nick R. Hamilton

In late 2017, MIT alumnus Sam Bankman-Fried left the quantitative trading firm Jane Street to start his own cryptocurrency trading firm, Alameda Research.

Categories Economy Tags Almeda, Business, FTX, News, Sam Bankman-Fried 3 Comments
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