Apple Projects Billions in Lost Revenue over Supply Constraints from China Due to Lockdowns
Apple is projecting billions in lost revenue to the supply constraints placed on the company during strict lockdowns in China.
Economy
Russia Shuts Down All Gas Exports to Finland
Russia has shut down all gas exports to neighboring Finland after the Nordic country refused to pay for Russian gas supplies in roubles.
UK Consumer Confidence Hits Lowest Level since Records Began
Confidence among UK consumers has hit the lowest level since records began nearly five decades ago, according to a new report.
Wells Fargo CEO Warns Worst Is Yet to Come for Americans: ‘No Question’
The CEO of Wells Fargo Charles Scharf has warned that there’s “no question” that life is going to get far harder for many Americans before it gets better.
White House Makes Worrying Admission about Stock Market
White House Press Secretary Karine Jean-Pierre has admitted that President Joe Biden’s administration is not monitoring the stock market on a regular basis.
Powell: Fed to Raise Interest Rates without ‘Hesitation’ until Inflation Eases
Federal Reserve Chairman Jerome Powell has warned that the central bank will continue raising interest rates to combat elevated inflation until it comes down.
Elon Musk: Twitter Deal ‘Cannot Move Forward’ until Bot Data Confirmed
Elon Musk has warned Twitter that his deal to buy the company “cannot move forward” until the data on bots and fake accounts has been confirmed.
Rep. Johnson: Biden Must Stop Foreign Energy Reliance & ‘Reckless Spending’ to Reduce Inflation
Rep. Bill Johnson (R-OH) has warned Democrat President Joe Biden that his administration needs to end reliance on foreign nations for energy and reverse its course of “reckless spending” if inflation is going to go down.
India Bans Wheat Exports over Concerns of Food Security
India has banned almost all exports of wheat after expressing concerns over food security, according to reports.
Japan Bans Exports of High-Tech Goods to Russia
Japan said Friday that it will ban exports of cutting-edge goods to Russia as additional sanctions against Moscow over its invasion of Ukraine.