Oil prices will surge to $100 this year, Goldman Sachs warns – CNN
Goldman Sachs is now calling for oil prices to hit $100 a barrel later this year and continue rising in 2023, signaling higher prices at...
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Microsoft to buy video game maker Activision Blizzard for $75bn – The Financial Times
Microsoft has agreed to buy video game maker Activision Blizzard for $75bn in the biggest-ever deal by the tech company. Under the terms of the...
Empty Shelf at a Grocery Store Near You? Tight Inventories, Labor Shortages, Supply Chain Snags, Strong Sales, Soaring Costs – Wolf Street
Grocery-store shoppers are sporadically encountering portions of a shelf that is suddenly empty when a week earlier there was plenty of product. There are again...
Shipping Companies Had a $150 Billion Year. Economists Warn They’re Also Stoking Inflation – Bloomberg
Ocean shipping rates are expected to stay elevated well into 2022, setting up another year of booming profits for global cargo carriers — and leaving...
Climate crisis could wipe 1% a year off UK economy by 2045, say ministers – The Guardian
The climate crisis will wipe at least 1% a year off the UK’s economy by 2045 if global temperatures are allowed to rise by 2C,...
Poorest countries face $11bn surge in debt repayments – The Financial Times
The world’s poorest countries face a $10.9bn surge in debt repayments this year after many rebuffed an international relief effort and instead turned to the...
Facebook patents reveal how it intends to cash in on metaverse – The Financial Times
Pupil movements, body poses and nose scrunching are among the flickers of human expression that Meta wants to harvest in building its metaverse, according to...
Omicron, Inflation Drive Down U.S. Growth Outlook – WSJ
The outlook for economic growth in the first quarter and 2022 is darkening amid the latest wave of Covid-19, as consumers grapple with high inflation...
Prices are soaring. How high can they go? – CNN
Americans have watched prices spike during the pandemic. By the end of 2021, one inflation measure was near a four-decade high while another hit two records in a row. We...
Warning sign for the economy: Consumers are getting grumpy – CNN
Consumers are getting grumpy about inflation, Omicron and a host of other challenges. That’s not a good sign for the US economy. Americans shopped less...