Oil prices rose at the start of Asian trade on Wednesday after industry data showed drawdowns in US crude and fuel stockpiles, raising supply concerns. The gains come on the back of…
Category: Money News
Australia election Interest rates rise for in decade
Australia’s central bank has raised the nation’s interest rates for the first time in more than a decade. The rise will put extra strain on household budgets as Australia prepares for an…
Why car shopping is so bizarre in the United States?
The way we buy cars in America is just weird. Just think about it for a moment. When you want to buy a refrigerator, you don’t go to a Whirlpool store, then…
Record fall in wages and benefits of inflationary workers
Skyrocketing inflation is robbing Americans of their raises. Total compensation costs for civilian workers declined 3.7% over the past 12 months ending in March, after accounting for inflation, according to the Employment…
Nasdaq ended the worst month in almost 14 years
US stocks plunged on Friday, with the Nasdaq marking its worst month since October 2008 and the S&P notching its worst month since March 2020 at the onset of the Covid pandemic….
Russia will shut off gas inventories to Poland and Bulgaria
Russia is cutting off natural gas supplies to Poland and Bulgaria after they refused to pay in rubles, dramatically escalating tensions with the West. Poland’s state-run gas firm PGNiG said that it…
European firms face ‘logistical nightmare
A European business group says Western companies in Shanghai are facing a “logistical nightmare” as they start to reopen after a city-wide lockdown. The European Union Chamber of Commerce says that it…
Elon Musk is worth more than twice Warren Buffett
How crazy rich is Elon Musk? The Tesla (TSLA) and SpaceX CEO’s net worth is now about a stratospheric $300 billion, according to Forbes’ real time rankings of the world’s wealthiest people….
Why are Sri Lankans protesting in the thoroughfares?
In recent days, thousands of Sri Lankans have taken to the streets to demand the resignation of President Gotabaya Rajapaksa. The island nation is facing its worst economic crisis since gaining independence…
Child care is expensive. But this country tops the list
Having children is expensive, no matter where in the world you live. But, while America finds itself in the middle of the cost scale, China has become one of the priciest places…