Following another rate hike by the Fed last month, inflation showed further signs of cooling in December, as prices declined 0.1 percent compared to November and 6.5 percent compared to December 2021. While that’s still higher than anything seen in the…
When the Covid-19 pandemic arrived in the United States in March 2020, forcing large parts of the economy to shut down practically overnight, millions of Americans lost their jobs in a matter of weeks. Unemployment surged to an unprecedented 23 million…
More than half of the sunniest cities in Europe are Spanish, according to a report published by Holidu with data from World Weather Online. As our chart shows, the best destination for catching daylight rays is Alicante, which receives an average of 34…
When the number of Americans quitting their job surged to more than four million in a single month for the first time in April 2021, the “Great Resignation” became the labor market trend that everybody was talking about. Whether it was in search of bet…
After years of legal battles, the IRS has handed over former President Donald Trump’s tax returns for the years of his presidency to the House Ways and Means Committee. While the committee will not publish the returns themselves, it has compiled a repo…
Tesla’s year went from bad to worse on Tuesday, when the company’s battered share price dropped another 8 percent, bringing it down to a new 52-week low. Still the world’s most valuable car maker, Tesla’s market cap now amounts to $435 billion, down 65…
The German „Reichsbürger“ movement that made international headlines this week for allegedly plotting to overthrow the country’s government has been watched closely by authorities since 2016. Back then, a man who identified as a “Reichsbürger” opened f…
The overnight success of Lensa AI, a photo editing app powered by artifical intelligence, shouldn’t come as a surprise to anyone who remembers the rapid rise and subsequent fall of FaceApp in 2019. Back then, FaceApp went viral after users all across s…
The United States is by far the world’s biggest producer of oil, having produced around 16.6 million barrels of oil on average per day in 2021. Saudi Arabia and Russia follow head to head in second and third place, having produced around 11 and 10.9 mi…
The number of job openings in the United States edged down ever so slightly in October in a welcome and rare sign that the labor market may finally be coming off the boil. At the same time, the unemployment level climbed by more than 300,000 people, fu…