Consumer prices in the United States continued to rise in June. The Consumer Price Index for All Urban Consumers (CPI-U) was up 9.1 percent compared to a year ago, while the core index excluding more volatile food and energy prices increased 5.9 percen…
When Elon Musk tweets, the stock market reacts. The CEO and self-styled “Technoking of Tesla” has proven the manipulative weight of his social media antics time and time again, him potentially being the single-handed cause for the rise and fall of the …
For the past 12 months, the U.S. dollar has been strengthening against the Euro. On this Tuesday, both currencies reached near-parity, with 1 U.S. dollar priced at 0.9998 Euros by 5 a.m. EDT. By 7 a.m., the exchange rate was down to 0.9971, according t…
Use it or lose it – this principle might apply to Saudi Arabia’s oil production capacity that is now eyed by the Western world to fill the Russia-sized gap in supply left behind by embargoes. However, Saudi Arabia in the past four years only approached…
The Guardian broke a story earlier today dubbed the ‘Uber files’, an international scandal involving high profile politicians such as French President Emmanuel Macron and the world-known taxi hailing service. According to some 124,000 files, leaked als…
The repercussions of rising energy and food prices due to the ongoing war in Ukraine are felt by members of every income group, although for one subgroup in particular, exploding costs of living can become a matter of life and death. As the United Nati…
Everybody loves chocolate, right? Well, not everybody, at least not to the same degree. According to data from Statista’s Global Consumer Outlook, there’s a huge gulf in chocolate consumption around the world. While the cocoa-based treat is very popula…
UK Prime Minister Boris Johnson has announced his departure from office following a record number of ministerial resignations. As data compiled by the Institute for Government shows, dozens of ministers have resigned since Tuesday, as Johnson’s mishand…
The UK majority has said that Prime Minister Boris Johnson should step down from office, according to a snap poll by YouGov on July 5. Johnson has once more become embroiled in a scandal, this time over his mishandling of a sexual misconduct case invol…
According to data by investment firm Janus Henderson, the ten companies with the highest net debt in 2021 are responsible for 17 percent of the total corporate net debt of $8.1 trillion this past year. The biggest borrowers in the past fiscal year came…