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Fitch Ratings Downgrades US Long-Term Debt Amid Debt Ceiling Standoff
02/08/2023

Fitch Ratings Downgrades US Long-Term Debt Amid Debt Ceiling Standoff



In a move that sent shockwaves through financial markets, Fitch Ratings recently downgraded the United States' long-term debt from AAA to AA+. The downgrade, attributed largely to the spring's debt ceiling standoff, has raised concerns about the stability of the global financial system and the impli...

Putting Politics on a Stock Freeze: Senators Propose Ban on Congressional Stock Ownership
19/07/2023

Putting Politics on a Stock Freeze: Senators Propose Ban on Congressional Stock Ownership



In a move aimed at addressing potential conflicts of interest and increasing transparency, two U.S. senators, Kirsten Gillibrand (D., N.Y.) and Josh Hawley (R., Mo.), are set to introduce a bipartisan legislation this week that would prohibit members of the federal executive branch and lawmakers fro...

Elon Musk Ventures into New AI Frontier with Launch of Innovative Company
12/07/2023

Elon Musk Ventures into New AI Frontier with Launch of Innovative Company



Renowned entrepreneur and visionary Elon Musk has once again set his sights on the future, this time with the launch of a groundbreaking AI company. Musk, known for his involvement in ventures such as Tesla and SpaceX, aims to push the boundaries of artificial intelligence and drive transformative a...

London’s Biggest Water Supplier on Verge of Collapse
28/06/2023

London’s Biggest Water Supplier on Verge of Collapse



The UK government is reportedly drawing up emergency contingency plans to temporarily bring Thames Water back into public hands as its debt pile reaches a mammoth £14 billion. Ministers are said to be in talks about the possibility of emergency nationalization of the water company under a so-called...

China Slashes Interest Rates as Economy Stalls
22/06/2023

China Slashes Interest Rates as Economy Stalls



The People’s Bank of China cut another key policy rate on Tuesday for the first time in 10 months, as the world’s second largest economy shows signs of stalling.

Bud Light Brand Continues to Suffer Amid Controversy & Boycotts
14/06/2023

Bud Light Brand Continues to Suffer Amid Controversy & Boycotts



Bud Light continues to be suffering a sustained decline in sales two months since the beer brand sparked backlash and calls for a boycott after sending a commemorative can to influencer Dylan Mulvaney.

CNN CEO Steps Down After Short & Controversial Tenure
07/06/2023

CNN CEO Steps Down After Short & Controversial Tenure



Chris Licht is out after just a year as chief executive at CNN following a series of missteps and plunging ratings. David Zaslav, the CEO of CNN’s parent company (Warner Bros Discovery), announced the leadership change, which was effective immediately, on CNN’s morning editorial call on Wednesda...

U.S. Job Market Gets Unexpected Lift in April
31/05/2023

U.S. Job Market Gets Unexpected Lift in April



U.S. job openings rose unexpectedly in April, illustrating the resilience of the American labor market and complicating Federal Reserve efforts to fight inflation. Employers posted 10.1 million job openings last month, up from 9.7 million in March and the most since January, the Labor Department sai...

The Debt Ceiling Fight & How it Impacts the Economy
24/05/2023

The Debt Ceiling Fight & How it Impacts the Economy



Once again, the debt ceiling is in the news and is a cause for concern. If the debt ceiling binds, and the U.S. Treasury does not have the ability to pay its obligations, the negative economic effects would quickly mount, triggering a deep recession. Although the US government has never defaulted on...

Vodafone to Cut 11,000 Jobs as Shares Fall Dramatically
18/05/2023

Vodafone to Cut 11,000 Jobs as Shares Fall Dramatically



It’s been a number of weeks since Margherita Della Valle was named the CEO of Vodafone Group, and she’s had about five months to evaluate the company’s situation as interim CEO. During this time the new CEO concluded that the company is due for a significant redesign, which includes the reduct...

Inflation Falls to Lowest Levels in Two Years
10/05/2023

Inflation Falls to Lowest Levels in Two Years



Consumer prices climbed 4.9% in April — the first-time annual inflation has landed below 5% in two years. On a monthly basis, the inflation rate rose 0.4%, which was higher than the 0.1% in March.

Nordstrom Closes all its Stores in San Francisco
03/05/2023

Nordstrom Closes all its Stores in San Francisco

Nordstrom is closing both of its stores in downtown San Francisco, citing the changing “dynamics” of the area that hasn’t recovered since the pandemic and has been in the spotlight for crime.

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