In the wake of the first interest rate hike since 2018, Deutsche Bank became the first major bank to forecast a U.S. recession for next year. The report co-authored by the bank’s chief economist David Folkerts-Landau and former Fed official Peter Hoope…
The Biden administration is planning to extend its moratorium on student debt repayments once again. According to and administration official cited by Politico, the relief program, which paused payments and interest accrual for borrowers with federal s…
Elon Musk is the billionaire with the highest net worth in the world according to Forbes’ annual billionaires list, pushing Amazon chairman Jeff Bezos off his throne. The Tesla founder accumulated $219 billion to-date, while Bezos actually lost $6 bill…
If the planned merger of Spirit Airlines and Frontier is indeed finalized (and not derailed by an offer from JetBlue), an ultra-low-cost carrier would become the fifth-largest airline in the United States. According to CNN Business, JetBlue’s offer for…
When Elon Musk started a poll on Twitter on March 25, asking his followers whether Twitter rigorously adheres to the principles of free speech, he added a disclaimer saying that “the consequences of this poll will be important.” A day later, after a ma…
According to new requirements by the National Highway Traffic Safety Administration (NHTSA), all car models manufactured in 2026 will need to guarantee a range of 40 miles on one gallon. This marks a sharp increase compared to today’s standards establi…
The war in Ukraine is endangering crucial wheat supplies in many of the least developed countries in the world. Among them, countries in Africa and the Middle East in particular are heavily dependent on wheat imports from Russia and Ukraine. According …
As revealed by a Gallup survey conducted directly around the time of the Taliban’s return to power in Afghanistan, an overwhelming majority of 94 percent of adults rated their lives so poorly as to be categorized as ‘suffering’. A further six percent w…
In a quarter marred by supply chain interruptions and a brief factory closure in Shanghai due to China’s strict zero-Covid policy, Tesla managed to avoid a production slump in the first three months of 2022. The world’s largest electric car maker built…
Having a beer can be dirt cheap or extra expensive – depending on what city you are in when the thirst for a cold one strikes. According to data by Numbeo, Middle Eastern and Scandinavian locations rank among the world’s priciest. Here, a large beer in…