Monthly Archives: October 2022

US stocks mixed as investors weigh batch of corporate earnings alongside labor market and manufacturing data

Tesla CEO Elon Musk. Getty Images Europe US stocks were mixed Thursday after the S&P 500 lost ground in the previous session.  Tesla shares fell after a downbeat outlook from the EV maker. Weekly jobless claims dropped to 214,000.   US stocks were mixed Thursday as investors sifted through quarterly earnings reports, including from electric vehicle…

After just 44 days in office, Liz Truss is eligible to collect a £115,000 allowance for the rest of her life

Liz Truss, the UK’s foreign secretary, said doing business with Russia was “morally bankrupt”. Dan Kitwood/Getty Image Liz Truss will receive a yearly £115,000 allowance for the rest of her life despite her short stint as Prime Minister.  The allowance from the government will reimburse Truss for expenses spent while maintaining public duties.  Enacted in…

‘Dr Doom’ Nouriel Roubini says to brace for a crash that combines the worst of the financial crisis and 1970s-style stagflation

The global economy is set for a period of decline that mirrors the crashes of the 1970s and 2008, Nouriel Roubini has warned. Gus Ruelas/Reuters Markets should brace for a period of decline that echoes crashes of the 1970s and 2008, according to Nouriel Roubini. He predicted that central banks will “wimp out” from fighting…

Anthony Scaramucci congratulates Liz Truss for lasting ‘4.1 Scaramuccis’ and outlasting milk following the British PM’s abrupt resignation

Former Trump White House official Anthony Scaramucci and British Prime Minister Liz Truss Getty Images Anthony Scaramucci poked fun at British Prime Minister Liz Truss’ abrupt resignation. Scaramucci congratulated Truss for lasting longer than he did in the White House. Truss did not outlast a head of lettuce which a British tabloid had pitted against…

A price cap on natural gas could swipe supplies away from energy-strapped Europe, German chancellor warns

German Chancellor Olaf Scholz. Reuters The EU’s plan to cap natural gas prices could swipe supplies away from Europe, German Chancellor Olaf Scholz warned. That’s because suppliers could sell gas to countries that are offering a higher price, potentially leaving Europe in the dark. Scholz suggested negotiating with large natural gas suppliers and other customers…

Intel Core i9 13900K and Core i5 13600K review: an effective redoubt against AMD’s Ryzen 7000 advances

With AMD’s Ryzen 7000 chips firmly on store shelves, it’s now time for Intel to shoot their shot. Team Blue’s 13th-gen chips arrive today, and on paper they represent a huge upgrade over 12th-gen despite compatibility with existing Z690 (and new Z790) boards. You get higher clock speeds (up to 5.8GHz!), more efficiency cores, more…