Monthly Archives: August 2022

European natural gas prices jump for the 4th week running as the continent’s energy crisis intensifies

Russia has slashed supplies through the Nord Stream 1 pipeline. Stefan Sauer/Picture Alliance/Getty Images European natural gas prices were on track for their fourth straight weekly rise on Friday. Russia has squeezed supplies to the continent and countries are rushing to fill storage before winter. Dutch TTF natural gas futures are up over 600% from…

SpaceX will launch top secret US spy satellites with the reusable Falcon Heavy rocket now that it’s received Space Force approval, report says

The US Space Force approved Elon Musk’s SpaceX to launch spy satellites on its reusable Falcon Heavy rocket. Joe Raedle/JIM WATSON/AFP via Getty Images The US Space Force approved SpaceX to launch spy satellites on the Falcon Heavy rocket, per Bloomberg. Falcon Heavy is the world’s most powerful rocket and has three reusable boosters. The…

‘Big Short’ investor Michael Burry issues a grim warning about runaway consumer debt – and says the stock-market rally won’t last

Michael Burry. Jim Spellman/Getty Images Michael Burry warned Americans are loading up on credit-card debt in response to inflation. Burry expects consumers to run out of cash within months, hitting company profits and the economy. The “Big Short” investor cautioned the recent rebound in tech stocks was unlikely to last. Michael Burry rang the alarm…

The startup CEO who went viral for crying about laying off two employees says ‘a lot of good’ has come from his LinkedIn post

HyperSocial CEO Braden Wallake. LinkedIn A boss went viral for sharing a crying selfie on LinkedIn after laying off two employees. Braden Wallake told PR Week he wasn’t sorry for his post because “a lot of good” has come from it. He called himself the “crying CEO” after being criticised by some.  The CEO of…