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Economy

Elon Musk: Starlink Adding Donation Feature after Ukraine Funding Controversy

October 17, 2022 - 10:43 amOctober 17, 2022 - 10:10 am by Nick R. Hamilton

Tech entrepreneur Elon Musk has announced that SpaceX would be rolling out a feature to let people donate Starlink satellite internet units to places in need.

Categories Economy Tags Business, Elon Musk, News, SpaceX, Starlink, Ukraine Leave a comment

General Motors Secures LandMark Deal with Australian Critical Minerals Company

October 17, 2022 - 6:20 amOctober 16, 2022 - 10:10 am by Nick R. Hamilton

Automotive giant General Motors (GM) has signed a landmark deal with an Australian critical minerals company.

Categories Economy Tags Business, Electric Vehicles, General Motors, Lithium, Minerals, News Leave a comment

IMF: Higher Inflation Requires ‘More’ Monetary Policy Tightening in Asia

October 17, 2022 - 6:12 amOctober 15, 2022 - 10:10 am by Nick R. Hamilton

The International Monetary Fund (IMF) has warned that Asia’s central banks must tighten monetary policy further to ensure that inflation returns to target levels.

Categories Economy Tags Asia, Business, Central Bank, IMF, Krishna Srinivasan, News Leave a comment

India Increases Festival Spending despite Red-Hot Inflation Concerns

October 14, 2022 - 10:10 am by Nick R. Hamilton

Consumer spending is increasing in India during the Hindu festival season, despite major concerns about red-hot and rising inflation.

Categories Economy Tags Business, Consumer Spending, Hindu Festival Season, India, News Leave a comment

Trump’s Truth Social App Approved on Google Play Store after Months of Deliberations

October 13, 2022 - 11:15 amOctober 13, 2022 - 10:10 am by Nick R. Hamilton

President Donald Trump’s social media platform Truth Social has finally had its app approved for distribution on the Google Play Store.

Categories Economy Tags Business, Google, News, TMTG, Trump, Truth Social Leave a comment

Federal Budget Deficit Hits $1.4 Trillion, Despite Shrinking: CBO

October 12, 2022 - 11:29 amOctober 12, 2022 - 10:10 am by Nick R. Hamilton

By the end of the fiscal year 2022, the U.S. federal budget deficit was a staggering $1.4 trillion, despite shrinking, according to estimates published by the Congressional Budget Office (CBO).

Categories Economy Tags Biden, Business, Congressional Budget Office, Federal Budget Deficit, Fiscal Year 2022, News Leave a comment

JPMorgan CEO Issues Dire Warning on U.S Economy: ‘Very, Very Serious’

October 11, 2022 - 8:04 pm by Frank Bergman

The CEO of America’s largest bank, JPMorgan Chase & Co., has issued a dire warning about where the U.S. economy is heading.

Categories Economy, News Tags Economy, Inflation, Jamie Dimon, JPMorgan Chase, Recession Leave a comment

Over 50% of World’s Poorest Need Urgent Relief as Serious Debt Crisis Unfolds, UNDP Warns

October 11, 2022 - 10:45 amOctober 11, 2022 - 10:10 am by Nick R. Hamilton

Over 50 percent of the world’s poorest people are in need of urgent relief amid a mounting serious debt crisis, the United Nations Development Programme (UNDP) has warned.

Categories Economy Tags Achim Steiner, Business, Debt, News, Poverty, United Nations 2 Comments

Gas Prices Continue to Rise, Diesel Back Above $5 as ‘Ugly Inflation’ Returns

October 10, 2022 - 12:13 pmOctober 10, 2022 - 10:10 am by Nick R. Hamilton

Gas prices are on the rise again in the United States as “ugly” inflation returns.

Categories Economy Tags Business, Gas Prices, Inflation, News, Oil, OPEC 2 Comments

Top Economist Dooms Biden, Warns ‘Totally Avoidable’ Recession Ahead

October 10, 2022 - 10:25 amOctober 10, 2022 - 9:25 am by David Hawkins

Renowned economist Mohamed El-Erian has doomed Democrat President Joe Biden, warning that America is heading for a recession that was “totally avoidable.”

Categories Economy, News Tags Biden, Economy, Inflation, Mohamed El-Erian, Recession Leave a comment
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