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Economy

“Fed Governor Kugler is resigning, giving Trump a nominee on committee that sets interest rates”

August 2, 2025

“Federal Reserve Governor Adriana Kugler announced Friday she is stepping down from her role at the central bank, creating an important vacancy at a time when President Donald Trump is pushing for lower interest rates. In a letter addressed to… Continue Reading…

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Economy

“[Update]… Teslas set on fire in Las Vegas”

March 20, 2025

Just in case the video doesn’t work click here: https://www.youtube.com/watch?v=XheCuQlzhDo

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Stocks

“Magnificent Seven set to shed $1 trillion in value, led by Apple, Nvidia”

August 8, 2024

“High-performing shares of Alphabet, Amazon, Meta Platforms, Microsoft and Tesla fell as much as 12.2% in premarket trading. The losses in the Magnificent Seven stocks were set to wipe out nearly $1 trillion from the combined market value of the… Continue Reading…

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Business, Energy

“Exxon earnings beat as production in Guyana and Permian sets a record”

August 6, 2024

“Exxon earnings beat as the acquisition of Pioneer drove record production Production grew by 15%, or 574,000 barrels per day, to 4.4 million barrels per day from the first quarter. The Pioneer deal contributed $500 million to Exxon’s earnings…” https://www.cnbc.com/2024/08/02/exxonmobil-xom-earnings-q2-2024-.html

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Energy

“AI-Driven Power Demand Is Set to Jump 900% in Chicago Area, Exelon CEO Says”

April 22, 2024

“…The demand surge wouldn’t be met immediately by more power generation. New data centers would initially be served by excess capacity already on the regional grid, imported electricity from other areas and then eventually by newly constructed sources, said Paul… Continue Reading…

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Economy

“Farmers set fires and attack barriers near EU summit as anger spreads”

February 6, 2024

“Farmers threw eggs and stones at the European Parliament on Thursday, starting fires near the building and setting off fireworks amid protests to press a summit of European Union leaders to do more to help them with taxes and rising… Continue Reading…

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Economy

“Drugmakers set to raise U.S. prices on at least 500 drugs in January”

January 3, 2024

“Drugmakers including Pfizer, Sanofi and Takeda Pharmaceutical plan to raise prices in the United States on more than 500 unique drugs in early January, according to data analyzed by healthcare research firm 3 Axis Advisors. The expected price hikes come as the pharmaceutical industry gears… Continue Reading…

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Banking, Economy

“The Bank of England is facing major losses on its bond purchases — and it’s set to get much worse”

August 30, 2023

“…In late July, the central bank estimated that it would require the U.K. Treasury to backstop £150 billion ($189 billion) of losses on its asset purchase facility (APF)… Raja concluded that the cost to the Treasury of indemnifying the central bank over… Continue Reading…

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Banking, Economy

“6 new nations are set to join BRICS. As the G7’s political counterweight grows, is the dollar at risk to a new rival?”

August 25, 2023

“On the final day of the annual BRICS summit in Johannesburg on Thursday, leaders of the group announced Saudi Arabia, Iran, Egypt, Argentina, Ethiopia, and the United Arab Emirates (UAE) will join their ranks starting Jan. 1… But Gregory Daco,… Continue Reading…

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Banking, Economy

“Turkey’s central bank says inflation is set to hit 58% — more than double its previous estimate”

July 27, 2023

“Turkey’s central bank expects inflation to hit 58% by the end of 2023, its new governor Hafize Gaye Erkan said in her debut news conference Thursday, as she committed to “restore anchoring of expectations as well as predictability.” The new… Continue Reading…

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