Russia's former President Dmitry Medvedev has warned that gas prices will more than double after Germany announced a freeze on the Nord Stream 2 pipeline. Medvedev said Tuesday that he expects Europeans will soon face a mammoth rise in natural gas prices in response. Germany announced the freeze over Moscow’s…

Billionaire Carl Icahn has ramped up his campaign against McDonald’s over the fast-food giant's pig sourcing policy, which the activist investor says is obscene. McDonald’s sources pigs from suppliers who continue to keep pregnant sows in gestation crates. Icahn has nominated Maisie Ganzler, chief strategy, and brand officer at Bon…

French automaker Renault has warned that its production may be severely impacted due to supply chain issues in Russia. The company is concerned about the stability of its supply chains in Russia amid rising tensions between the country and Ukraine. Should a conflict break out, it will have repercussions for…

Democrat President Joe Biden's order to force a $15 per hour minimum wage for federal contract workers has been partly blocked by the U.S. Court of Appeals for the 10th Circuit. The court partially stayed the enforcement of Biden’s executive order that requires that all federal contractors be paid a…

Senate Republicans have boycotted a vote on Democrat President Joe Biden’s nominees to fill vacant seats on the Federal Reserve Board. The GOP's opposition is coalescing around Sarah Bloom Raskin, the White House’s pick for the Fed’s vice chair for bank supervision. Bloom Raskin is also the wife of former…

Democrat House Speaker Nancy Pelosi (D-CA) has claimed she supports calls to "tighten the fines" and increase restrictions on members of Congress trading stocks. “We have to tighten the fines on those who violate the STOCK Act,” Pelosi, a seasoned "insider" trader told reporters in Washington during a press conference.…

American meat processing giant Tyson Foods saw its shares surge by nearly 12 percent on opening bell Monday, according to reports. The company beat forecasts after reporting higher-than-expected fiscal first-quarter profits. The firm said the profits were boosted by higher consumer prices amid the broader inflationary environment. Tyson Foods, the…