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Monthly Archives: September 2022

Why a strong dollar hurts investors

Over the past year, the dollar has been on a tear: The U.S. Dollar Index, which measures the dollar’s strength against a basket of foreign currencies, is up 18%. For tourists, a strong dollar is great news. It means you get more for your money abroad. But for investors, a …

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Intuitive Machines going public via SPAC near $1 billion valuation

The Nova-C lunar lander seen on April 26, 2022 during assembly for the IM-1 mission. Intuitive Machines PARIS — Lunar-focused space company Intuitive Machines announced Friday it will go public via a SPAC, in a deal that values the venture at about $1 billion. The merger with special purpose acquisition …

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FedEx, International Paper, Uber and more

Check out the companies making headlines before the bell: FedEx (FDX) – FedEx tumbled 20.3% in premarket trading after issuing a profit warning due to declining package delivery volumes around the world. The news has exacerbated fears of a slowing global economy, weighing on shares of other logistics companies like …

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Ford CEO Jim Farley reveals why 2024 Mustang is staying gas-powered

Ford Chair Bill Ford and President and CEO Jim Farley converse in front of newly revealed Mustang Dark Horse at The Stampede in downtown Detroit on Sept. 14, 2022. Ford DETROIT – Ford Motor CEO Jim Farley was in his element Wednesday night, surrounded by gearheads and the automaker’s new …

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Here’s what’s in Biden framework to regulate crypto

U.S. President Joe Biden walks from Marine One to the White House following a trip from Michigan, in Washington, U.S., September 14, 2022.  Tom Brenner | Reuters The Biden White House has just released its first-ever framework on what crypto regulation in the U.S. should look like — including ways …

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‘Unequal partnership’ as Xi, Putin meet, says prof

China holds the “dominant position” in its relationship with Russia, and President Xi Jinping is no longer prepared for Moscow to “act as it pleases,” according to one political analyst. “It’s an unequal partnership, and China is in the dominant position in the relationship,” said Matthew Sussex, an associate professor …

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UK PM Liz Truss is facing multiple economic crises. Time for Trussonomics?

New British Prime Minister Liz Truss delivers a speech outside Downing Street, in London, Britain September 6, 2022. Toby Melville | Reuters LONDON — New British Prime Minister Liz Truss faces a confluence of economic challenges, but will need to balance her own ideals with the immediate needs of the …

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Ukraine slams Germany for failing to send it weapons

Soldiers drive a “Marder” infantry fighting vehicle of the German armed forces Bundeswehr during the informative educational practice “Land Operation Exercise 2017” at the military training area in Munster, northern Germany. Afp Contributor | Afp | Getty Images Ukraine’s relations with Germany have soured this week, with Kyiv asking why …

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China youth reject hustle culture; face unemployment, economic uncertainty

Crystal Guo says she typically works for about six months to a year before quitting. It’s what the 30-year-old describes as her new lifestyle of “intermittent working and persistent lying flat.”  Young people in China are growing disillusioned and frustrated with work and life, and some are now turning their …

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Airbnb yurt near Grand Canyon

In 2011, Louis Herron dropped out of Ball State University, packed a backpack and moved west. Restless for outdoor adventure, the Indianapolis native picked up a job washing dishes at a restaurant near Yosemite National Park. He worked his way up to employee recreation, guiding hikes for park employees. After …

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