Monthly Archives: September 2022

Germany’s economy is contracting already and the natural gas squeeze means it’ll keep shrinking all winter, central bank says

A drivers reverses a car as a freshly fallen tree blocks the road that leads up to the Feldberg in the Taunus mountain range near Schmitten November 21, 2008. Weather experts expect snow falls and heavy wind for Germany over the next days. REUTERS/Alex Grimm (GERMANY) Germany’s economy is already shrinking, and that will continue,…

US government free Taliban drug lord in return for release of kidnapped US citizen

Taliban officials attending an international conference in Moscow in October 2021. ALEXANDER ZEMLIANICHENKO/POOL/AFP via Getty Image The Taliban has freed kidnapped US citizen Mark Frerichs after two and a half years’ captivity.  In return, the US has freed Bashir Noorzai, a Taliban warlord convicted of drug trafficking. The US government has not yet released a…

Demand is on the rise for a nearly $7,000 luxury psilocybin magic mushroom retreat as the wellness industry flocks to psychedelic drugs — see what it’s like inside

Petar Savic Beckley Foundation’s psilocybin magic mushroom retreats are seeing an uptick in demand. Beckley Retreats’ will accommodate 75 participants this year and about 300 people next year. Magic mushrooms are no longer taboo: The use of psychedelic drugs in the wellness industry is growing fast. Psilocybin mushrooms are no longer reserved for experimental hippies,…

India just purchased its most expensive LNG cargo in history as it scrambles to replace canceled Russian gas deliveries

A worker loads Liquefied Petroleum Gas (LPG) cylinders onto his cycle-rickshaw in Kolkata, India Reuters/Rupak De Chowdhuri India is scrambling to replace canceled Russian gas deliveries, driving GAIL India to pay $40 per million BTUs for LNG. That’s the most expensive LNG cargo to ship to India in history, traders told Bloomberg. It’s also a…

Financial watchdog warns UK to be wary of dealing with Sam Bankman-Fried’s crypto exchange FTX

The UK’s Financial Conduct Authority has issued a warning against Sam Bankman-Fried’s crypto exchange FTX. Getty Images The UK’s financial regulator has warned Brits to be cautious when dealing with FTX. “This firm is not authorized by us and is targeting people in the UK,” the Financial Conduct Authority said. The FCA has previously clashed…

US stocks continue sell-off as traders brace for more Fed rate hikes later this week

Traders work the floor of the New York Stock Exchange (NYSE) David Dee Delgado/Getty Images US stocks dropped Monday, continuing last week’s downturn which was the worst week since June.  Traders are shedding stocks in anticipation of another jumbo rate hike from the Federal Reserve this week.  The 10-year Treasury yield briefly hit 3.51% Monday…

Instacart teams with retailers to create grocery stores powered by its tech

Instacart may have thrived on deliveries at the height of the pandemic, but it’s adapting to an era when many people are once again comfortable with in-person grocery shopping. The company is introducing a Connected Store “experience” that uses new and existing technology to theoretically blend the advantages of delivery apps and retail. To start,…