News Archives - Page 22 of 44

IMF Chief: European Energy Crisis Could Spark Social Unrest This Winter

The head of the International Monetary Fund (IMF) has warned that the energy crisis could spark widespread social unrest as European nations prepare for a harsh winter. Kristalina Georgieva, managing director of the IMF, is warning that a number of countries in Europe may suffer harsh conditions amid an economic…

Feds ‘Added’ 1.3 Million Jobs by Double-Counting This Year, Top Economist Says

The U.S. federal government has produced higher than expected jobs numbers by double-counting figures this year, a top economist has stated. Throughout this year, the monthly jobs reports have been repeatedly topping market estimates. The July and August non-farm payrolls (NFP) reports showed 528,000 and 315,000 new jobs, respectively. The…

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. According to the Bureau of Labor Statistics (BLS), the figure is higher than the market forecast of 8.1 percent. However, the rate is slightly down…

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. Jerry Simmons, president of the Domestic Energy Producers Alliance, warns that Biden's green agenda is driving the United States into a potentially irreversible situation.…

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…

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…

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…

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…

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…

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. CERN is already planning to shut down some of its particle accelerators amid the energy crisis in France. CERN, located near…