Rising oil production around the world will collide next year with slowing growth in demand, creating an oil glut possibly as large as that which marked the global economic shutdown during the COVID War, the International Energy Agency (IEA) warned in a report last week.
After losing $1.7 billion in 2023 and failing to meet targets upgrading its Acela service between Boston and Washington, Amtrak paid $5 million in executive bonuses, including more than $200,000 to each of 14 top managers...
In May, 409,759 homes were sold in the U.S., the third-lowest monthly number in the past 10 years.
The central banks of Canada and the European Union cut their interest rates this month for the first time in the current cycle, but the U.S. Federal Reserve is in no hurry to follow suit.
Owners of small businesses felt slightly more confident in May about their current and future prospects than they did in April, according to the National Federation of Independent Business’s (NFIB) Small Business Optimism Index.
U.S. consumers’ gloom deepened again in June, according to the University of Michigan’s monthly survey of consumer sentiment, after also slipping in April and May.
Former Russian President Dmitry Medvedev said last week that Moscow should take off its gloves because the West has declared “war without rules” on Russia and said the Kremlin should use every weapon at its disposal to counter.
China lashed out at leaders from the G7 for “baselessly” accusing Beijing of destabilizing the world, from its business relationship with Russia during the Ukraine War to jeopardizing Western economies with oversaturation and a cheap workforce.
Political prostitutes and their staffers make big bucks serving as a link between the government and private sector—so when a politician loses his seat, it often means a big pay day. Journalist Lee Fangjun compiled a short list of some of the political nobodies who went on to become millionaires. He called the revolving door......
Chiquita Brands, famous for its bananas, was found liable last week in eight killings by the United Self-Defense Forces of Colombia, a right-wing paramilitary group that the company bankrolled from 1997 to 2004.