Euro zone predicted to have a deep recession and a difficult, slow recovery

The euro zone economy is heading towards a recession, according to several economists. Daniel Roland | Afp | Getty Images The euro zone is expected to plunge into recession in the coming months with economists warning “it will not be shallow.” The 19-member zone that shares the euro currency has been under significant pressure since … Read more

Missile strike Poland called ‘isolated incident’; allies ‘on standby’

Polish security forces investigate in Przewodow village near the Ukrainian border, where two Poles were killed by a suspected missile strike. Anadolu Agency | Anadolu Agency | Getty Images The president of Poland said his government doesn’t yet conclusively know who fired a missile that struck Polish territory late Tuesday, killing two civilians. The explosion, … Read more

Elon Musk international relationships worth looking into

Joe Biden, left, and Elon Musk Evelyn Hockstein | Reuters; Andrew Harrer | Bloomberg | Getty Images Asked on Wednesday whether Tesla, SpaceX and Twitter CEO Elon Musk posed a threat to national security, President Joe Biden said that the centi-billionaire’s “relationships with other countries is worthy of being looked at.” At a White House … Read more

Oil is all that Putin has left, presidential advisor Amos Hochstein says

Amos Hochstein photographed in Beirut, Lebanon, on October 27, 2022. Hussam Shbaro | Anadolu Agency | Getty Images Oil is all Russia’s economy has left following its invasion of Ukraine earlier this year, according to Amos Hochstein, special presidential coordinator for President Joe Biden. “Oil is the only thing they have left in that economy … Read more

Why margarine, butter prices jumped 32%

Jeff Greenberg | Universal Images Group | Getty Images Cue the collective gasp of chefs, bakers and foodies: Food prices are up considerably — but none more so than for butter and margarine. Prices for these ingredients and spreads jumped 32% in September versus a year ago, the most among all grocery categories, according to … Read more

Gunmen kill 11 at Russian army base in new blow to Moscow’s Ukraine campaign

Russian citizens drafted during the partial mobilization begin their military trainings after a military call-up for the Russia-Ukraine war in Rostov, Russia on October 04, 2022. Anadolu Agency | Anadolu Agency | Getty Images Gunmen shot dead 11 people at a Russian military training ground, the defense ministry said, in the latest blow to President Vladimir Putin’s … Read more

‘We’ll just keep funding Ukraine govt for free’

A smartphone with the Starlink logo displayed on the screen. Sopa Images | Lightrocket | Getty Images Elon Musk said in a tweet Saturday that his company SpaceX would continue to fund Starlink satellite internet terminals for the Ukrainian government as it battles invading Russian forces. “The hell with it,” the billionaire tweeted, “even though Starlink … Read more

What happened and why Europe suspects sabotage

Climate scientists described the shocking images of gas spewing to the surface of the Baltic Sea as a “reckless release” of greenhouse gas emissions that, if deliberate, “amounts to an environmental crime.” Anadolu Agency | Anadolu Agency | Getty Images Two subsea pipelines connecting Russia to Germany are at the center of international intrigue after … Read more

Tesla stock had its worst week since Mar. 2020 amid wild week for Musk

Michael Gonzalez | Getty Images News | Getty Images Tesla shares dropped nearly 16% during what CEO Elon Musk called a “very intense 7 days indeed” to one of his 108 million followers on Twitter. Tesla shares closed at $265.25 on Friday, Sept. 30. At market’s close one week later, Tesla shares were trading at … Read more

Markets are plagued by increasing economic uncertainty and geopolitical risk in fourth quarter

Macro uncertainties have spiked as 2022 enters its final stretch, making the outlook for markets even murkier in the fourth quarter than in prior periods.