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Financial markets dive as tech stocks slump and recession fears mount

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​cbs news​​​ Technology stocks plummeted Friday, capping a dismal month on Wall Street as persistently rising inflation and gas prices, along with aggressive Fed hikes, stoke fears of recession. The →

Wall Street closes sharply lower on Amazon slump, inflation worries

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​reuters​​​ By Bansari Mayur Kamdarand Noel Randewich Wall Street finished sharply lower on Friday, as Amazon slumped following a gloomy quarterly report, and as the biggest surge in monthly →

Russia cuts gas to Poland in what Ukraine condemns as 'gas blackmail'

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​reuters​​​ Russia halted gas supplies to Poland under the Yamal contract on Wednesday, data from the European Union network of gas transmission operators showed, in a deepening of the rift between →

China’s home-built aircraft carrier Shandong starts 1st maintenance, refurbishment: media reports

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​global times​​​ by Liu Xuanzun The Shandong, China's second aircraft carrier and the first developed domestically, reportedly started its first scheduled maintenance and refurbishment that is →

Italy consolidates gas deal with Congo as it boycotts Russian imports

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africa news Italy is another step ahead in its venture to increase its export of natural gas as the country signed a new deal with the Republic of Congo on Thursday. The Italian delegation paid a →

Inflation Insanity: When Will Home Prices Stop Rising?

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​national interest​​​ by Ethen Kim Lieser Thus far, 2022 has not been a good year for hungry homebuyers, as rampant demand has led to many being priced out of this cutthroat housing market. But as →

Israel Lowers U.S. Dollar Reserves, Embraces Chinese Yuan

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​national interest​​​ by Trevor Filseth The Israeli Central Bank indicated on Wednesday that it would make significant changes to its foreign reserves, including through the purchase of Chinese yuan →

Andrew Yang: Stimulus Checks Shouldn’t Be Blamed for Inflation

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​national interest​​​ by Ethen Kim Lieser Over the course of the Covid-19 pandemic, Congress has stepped in to approve three much-needed stimulus checks—a $1,200 check in April 2020, $600 in December →

Pain at the Pump: Maryland Gas Prices Surge as Gas Tax Holiday Ends

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​national interest​​​ by Ethen Kim Lieser For residents of Maryland, the phrase “pain at the pump” turned into a major understatement this past weekend. According to WJLA in Washington, D.C., gas →

China's GDP grows 4.8% in Q1 despite downward pressure

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​global times​​​ by Li Xuanmin China's GDP grew 4.8 percent year-on-year in the first quarter of 2022, maintaining a stable growth range despite "unprecedented downward pressure since the first →

U.S. homebuilder sentiment drops to seven-month low amid surging mortgage rates

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​reuters​​​ by Lucia Mutikani Confidence among U.S. single-family homebuilders fell to a seven-month low in April as surging mortgage rates and snarled supply chains boosted housing costs, shutting →

Musk targets Twitter board as company adopts 'poison pill'

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reuters Elon Musk took a swipe at the board of Twitter on Monday after the social media company adopted a "poison pill" to protect itself from the second-biggest shareholder's $43 billion cash buyout →

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