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Oil prices skyrocket following Saudi Arabia’s new voluntary production cuts
Saudi Arabia has pledged further voluntary oil production cuts, increasing oil prices. According to a statement by the energy minister, the Kingdom is set to decline its production by a million to 9 million barrels a day.
IMF calls out the Fed for not slowing down on lending
The IMF Managing Director Kristalina Georgieva has expressed concern with the federal reserve not pumping brakes on lending.
Texas comes out in support of Bitcoin mining
Texas has shown continued support for Bitcoin mining after passing two bills to help provide incentives to miners
Tight Labor Market: what is it and how can businesses thrive in it?
A tight labor market is a market cycle with plentiful vacant jobs and scarce workers. This usually happens when an economy grows super fast, and most employers are looking to expand their workforce.
U.S.A. jobs rose 339K in May; unemployment rates spiked too
Non-farm U.S.A. jobs increased in May by 339,000, which is much higher than the 190K that Dow Jones estimated.
Elon Musk hit with a new Dogecoin-related lawsuit
Twitter CEO Elon Musk has been sued for Dogecoin market manipulation. The lawsuit says that Musk willingly used Dogecoin as the Twitter logo to drive its market numbers