Newsletter
USA wants to raise interest rates significantly
The US Federal Reserve (Fed) is now releasing the minutes of its March 15th and 16th meeting detailing discussions by senior Fed officials. The minutes show that the US Federal Reserve is indeed planning to start reducing its huge balance sheet, which totals …
America faces a series of rate hikes
Federal Reserve Governor Lael Brainard, who normally advocates loose policy and low interest rates, said Tuesday the central bank must act quickly and aggressively to bring down inflation.
Elon Musk becomes Twitter's largest shareholder
The announcement sent Twitter shares soaring more than 27% in New York trading on Monday.
Enel CEO: EU itself responsible for dependence on Russia
The head of the world's second-largest energy supplier has sharply criticized the EU's energy policy, saying the EU should have "aggressively" tackled its dependence on gas imports long ago.
First US Amazon workers' union formed
Workers at an Amazon warehouse in Staten Island, New York, have voted to organize, becoming the first US facility in the e-commerce giant's 28-year history to do so. The base union Amazon Labor Union (ALU) won the vote by 2,654 votes to 2,131. Voter turnout …
Global deals are falling
Global transaction volumes have fallen to their lowest level since the coronavirus pandemic began, as rising inflation, tighter regulations and the war in Ukraine have caused a slowdown in previously record-breaking M&A numbers.
Another major release of US oil reserves is imminent
President Joe Biden is close to releasing another large batch of oil from emergency stocks in the US in a bid to slash crude prices, which are fueling high inflation across the economy, according to three people familiar with the plan.
Zelensky calls for vigilance
Ukrainian President Volodymyr Zelensky has warned the country not to "lose vigilance" following Russia's announcement that it would drastically reduce its military activities near Kyiv.
Biden budget boosts NASA plans for moon landing
The Biden administration has proposed new funding for NASA's lunar ambitions, including a second lunar landing project that would compete with an already-approved SpaceX project.
Tesla Seeks Shareholder Approval for Stock Split
Tesla Inc. said it would seek shareholder approval at its annual meeting for an increase in the number of shares in the electric-car maker to accommodate a stock split, though the company didn't specify when such a split would occur or what the ratio of shares …