What Does the World Economy Look Like Through 2075? Here’s What Goldman Sachs Thinks
Goldman Sachs Group Inc. economists have taken a stab at predicting the path of the world economy through 2075.
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‘Huge, Missing and Growing:’ $65 Trillion in Dollar Debt Sparks Concern
A worker loosens a stack of one hundred dollar bills at the Bureau of Engraving and Printing in Washington, DC, US Reports on everything from jobs to housing and incomes show the world’s largest economy may be in jeopardy of slipping back into recession, forcing the Fed to print more money for the third time … Read more
Group Agrees to Keep Oil Production Unchanged
These show daily demand for OPEC’s crude will increase by 390,000 barrels in the first three months of 2023, to an average of 29.31 million, as global consumption picks up. This is considerably above current production levels when the latest cutbacks are factored in. A Bloomberg survey points to output of about 28.8 million barrels … Read more
Florida Lawmakers Review Ways To Restore Some Disney Privileges
The move pitted DeSantis against one of Florida’s largest and most powerful employers, known for several iconic theme parks in Orlando. DeSantis, who is widely believed to be plotting a run for president in 2024, has made the blow against Disney a key part of his so-called “anti-woke” agenda. The Florida governor has vowed repeatedly … Read more
Twitter Firings Shrank Its Compliance Teams. Now It Risks Investigations and Big Fines
Twitter headquarters in San Francisco, California, US, on Tuesday, Nov, 29, 2022. Twitter Inc. said it ended a policy designed to suppress false or misleading information about Covid-19, part of Musk’s polarizing mission to remake the social network as a place for unmoderated speech.
Reddit Users Are Turning Ye’s Page Into A Holocaust Memorial
In the day after rapper Kanye West, who goes by Ye, made antisemitic remarks, including declaring his love for Adolf Hitler, Reddit users have repurposed r/Kanye — a page dedicated to his fandom — into a record of the Holocaust.
Google’s Moonshot Lab Is Now in the Strawberry-Counting Business
A partnership with Driscoll’s exemplifies a shift towards more pedestrian projects with actual commercial applications.
BofA Says Sell Equities Rally Ahead Of 2023 Unemployment Shock
Stock investors’ optimism around a cooling labor market and a Federal Reserve pivot is overdone, according to Bank of America Corp. strategists.
Wall Street Turns Bearish on Stocks After Bad Year
A Wall Street street sign in front of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Nov. 9, 2022. US stocks declined following midterm elections that failed to yield a Republican sweep. Treasuries and the dollar caught bids in a sign of deteriorating risk sentiment. Photographer: Michael Nagle/Bloomberg
Tesla to Expand Vehicle Lineup With Delivery of First Semi Truck
During Tesla’s last earnings call, Musk said the company is tentatively planning to produce 50,000 Semis for North America in 2024. He appears to have taken the product off the back burner after the passing of the Inflation Reduction Act, which makes tax credits of as much as $40,000 available to commercial vehicles.