Elon Musk Predicts 'Mild Recession' For 18 Months, Says U.S. Economy Is 'Past Peak Inflation'
CEO Elon Musk has said that the U.S. recession is inevitable and will last for the next year and a half.
Japan’s Inflation Stays Above Central Bank Target for 3rd Month
Japan’s core consumer inflation remained above the central bank’s 2% target for a 3rd straight month in June
IBM's Cloud Strategy May Remind Investors of Microsoft's Comeback, but Cloud Industry Changed During That Time
International Business Machines (IBM) has redefined itself primarily as a cloud company.
Here's What Federal Reserve's Back-to-Back 75-basis point Interest Rate Hikes Mean in Practice
As we know, The Federal Reserve raised yesterday
Pfizer Tests Pill That Could Prevent Covid Infection
While there are numerous effective and safe vaccines to prevent Covid-19, there are few drugs to treat those who have already contracted or been exposed to the virus.
Mortgage Demand Drops to 22-year Low as Higher Interest Rates and Inflation Crush Homebuyers
Surging inflation and interest rates are hammering American consumers and weighing on the housing market.
How Is The Market Feeling About Kraft Heinz?
Consumer staples are a good way to shield oneself from an economic downturn, as households should continue to gravitate towards familiar brands in good times and bad.
Inflation Spiked 9.1% In June – Hitting New 40-Year High As Price Surge Fuels Recession Fears
Overall prices rose 1.3% from May – surpassing the 1.1% economists were expecting and much higher than the previous month’s increase of 1%, according to data released by the Labor Department on Wednesday.
U.S. Treasury to End 1979 Treaty with Global Minimum Tax Holdout Hungary
The U.S. Treasury on Friday said it was moving to terminate a 1979 tax treaty with Hungary in the wake of Budapest's decision to block the European Union's implementation of a new, 15% global minimum tax.
Fed Minutes Show Appetite For More Rate Hikes to Fight 'Entrenched' Inflation
The Federal Reserve was worried that inflation may become so entrenched in the U.S. economy that the public would question its resolve to fight it,
British Pound Q3 2022 Forecast: The Bank of England - It’s Time to Decide
The second quarter of the year has been a tricky three months for the Bank of England (BoE) as inflation continued to soar – and is expected to rise further - while growth slowed to a crawl, sparking fears that the UK may enter a recession (two consecutive quarters of negative growth).
Big Technology Stocks like Tesla, Amazon and Microsoft Just Finished Their Worst Quarter in Years
U.S. stocks fell Thursday to end the second quarter, prompting the S&P 500's weakest first half of the year since 1970.
World’s Most Aggressive Central Bank Raises Key Rate to 200%
Zimbabwe’s central bank raised interest rates to a record and the government officially reintroduced the US dollar as legal currency to rein in surging inflation and stabilize the nation’s tumbling exchange rate.
Darktrace: AI Cybersecurity Leader With Thrilling Financials
Darktrace was founded by Cyber Defense experts at the University of Cambridge and British Intelligence agencies in 2013.