US Inflation Comes in Worse Than Expected as Food Prices, Cost of Living Soar
America’s annual inflation rate has come in higher than expected at 8.3 percent in August, with food prices and the general cost of living soaring.
Economy
Janet Yellen: America Needs ‘Some Good Luck’ to Avoid Hard-Landing into Recession
Democrat President Joe Biden’s Treasury Secretary Janet Yellen has stated that America needs “some good luck” if the economy is to avoid hard-landing into a recession.
America on Verge of Energy Disaster as Biden Dumps Money into Renewables, Expert Warns
America is on the verge of disaster regarding energy supply and demand, and President Joe Biden’s administration is exacerbating the problem, a leading expert is warning.
Tesla Considering New Lithium Refinery in Texas
Tesla is considering setting up a lithium refinery on the Texas Gulf Coast, according to reports.
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.
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.
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.