Economy

Tesla Considering New Lithium Refinery in Texas

Tesla Considering New Lithium Refinery in Texas

Tesla is considering setting up a lithium refinery on the Texas Gulf Coast, according to reports. Elon Musk's electric car company is evaluating whether establishing its own refinery would be viable. The move is being considered as part of an effort to secure the supply of the precious material used…
Read More
ECB Raises Interest Rates Further as Inflation Soars in Eurozone

ECB Raises Interest Rates Further as Inflation Soars in Eurozone

The European Central Bank (ECB) has hiked interest rates again on Thursday by the largest increment since the bank’s founding. The move comes as policymakers in the Eurozone scramble to stem the tide of rising inflation throughout the region. Initially, ECB policymakers were divided between a 50 and a 75…
Read More
Fed May Require 7.5 Percent Unemployment to Lower Inflation

Fed May Require 7.5 Percent Unemployment to Lower Inflation

The U.S. Federal Reserve may require the American unemployment rate to rise to almost double its current level in order to control high inflation, a new report has suggested. According to a team of researchers from the International Monetary Fund (IMF), huge job losses may be necessary to bring inflation…
Read More
How to Invest Money during a Recession

How to Invest Money during a Recession

With the United States currently being gripped by a recession, many are wondering how they can still invest their money amid the economic downturn. The American economy fell into a technical recession following back-to-back quarters of negative GDP growth in the first half of 2022. The negative growth has come…
Read More
Bed Bath & Beyond CFO Hit with Investor Lawsuit before Suicide

Bed Bath & Beyond CFO Hit with Investor Lawsuit before Suicide

The CFO and executive VP of retailer Bed Bath & Beyond (BBBY), Gustavo Arnal, was hit with a huge lawsuit from investors shortly before he committed suicide last week. Arnal died on September 2 by jumping to his death from his TriBeCa apartment known as the “Jenga Building” in lower…
Read More