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.
Economy
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.
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.
CERN May Be Forced to Shut Down Large Hadron Collider Due to European Energy Crisis
The European Organization for Nuclear Research (CERN) maybe be forced to shut down its famous Large Hadron Collider (LHC) in Switzerland due to the growing energy crisis in Europe.
East Timor Uses China as Bargaining Chip during Energy Negotiations with Australia
East Timor is using China as a bargaining chip in negotiations with Australia’s government over the construction of a gas pipeline from the resource-heavy Timor Sea.
Judge Backs Biden, Rules in Favor of Wyoming Oil Lease Pause
A federal judge has sided with Democrat President Joe Biden’s administration and ruled in favor of the government halting oil and gas leases in the state of Wyoming.
Shortage of Fracking Equipment Is Slowing US Shale Oil Output amid Energy Crisis
Fracking companies are reporting that shortages in hydrofracking equipment are causing shale oil output to slow down.
Just 1% of Americans Describe Biden’s Economy as ‘Excellent’ Ahead of Midterms, Poll Shows
Just 1 percent of American voters describe the economy under Democrat President Joe Biden as “excellent,” a new poll has revealed.
Exxon Takes Legal Action over Putin Blocking Exit from Russia
ExxonMobil is taking legal action against Russia after President Vladimir Putin blocked the Texas-based fossil fuel company from leaving the country.
Russia Halts Gas Flows to Europe, Germany Claims ‘No Cause for Alarm’ Yet
Russia has halted gas supplies to Europe via a key European supply route citing maintenance issues, according to reports.