Thursday, August 18, 2022

Is the US Preparing For a Recession

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The economy is close to entering a recession, perhaps as soon as this year. To avoid taking too much of a financial hit, Americans...

Fed chair Jerome Powell: Rate hikes to lead to more job losses

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Federal Reserve Chairman Jerome Powell told lawmakers on Thursday that aggressive interest rate hikes designed to tame inflation could lift unemployment on Main Street. Powell said that...

Shammi Shinh Partners with Bored Ape Yacht Club Artist to Break World’s Most Expensive...

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Shammi Shinh Partners with Bored Ape Yacht Club Artist to Break World’s Most Expensive Champagne Record by selling NFT for $2.5 million USD During NYC.NFT...

European banks to increase cyberattack defenses amid Russia-Ukraine crisis

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Banks across the euro zone are being told to increase their cyber defenses with the region’s regulator saying the issue should be a top...

European industrial giants join nuclear fusion race

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European industrial giants have joined the race to create cleaner energy through nuclear fusion, a nascent industry pioneered primarily in the US. Munich-based Marvel...

Investors wipe almost $200bn from value of Social Media Giant Meta

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Investors wiped almost $200bn from the market valuation of Facebook owner Meta as it warned that users were spending more time on newer rivals...

Confusion Over Net Zero

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Net zero” has quickly become part of the lexicon on Wall Street and in the City of London, but there’s no consensus on what it...

UK Govt plans sale of Chinese-owned nuclear stake to investors

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A minority stake in a new £20bn nuclear power station on England’s east coast will be sold to institutional investors or floated on the...

U.S. Rerieves $2.3 million in bitcoin paid to Colonial Pipeline hacker

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The Justice Department on Monday recovered some $2.3 million in cryptocurrency ransom paid by Colonial Pipeline Co, cracking down on hackers who launched the...

As orders grow for network equipment business Samsung puts hope on Europe 5G

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Samsung Electronics (005930.KS) is banking on Europe to maintain growth momentum in its network equipment business, a senior executive said, as 5G rollout widens...

Biden’s US$1.9 trillion stimulus won’t be enough to reignite world economy

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The economic orthodoxy has long been that governments should try to balance their books and leave all the heavy lifting in managing their economies...

S&P 500 resumes record run on economic rebound hopes

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The S&P 500 hit a record high for the fourth straight session on Tuesday as economy-linked and tech stocks gained ground on confidence that...

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