Joseph Branch

Joseph Branch

Jeff Bezos Criticizes the White House

Beginning over the weekend, Bezos accused President Biden of misleading the public about inflation by claiming that raising taxes on corporations and the wealthy would reduce consumer spending. The administration responded by suggesting that Bezos was trying to protect his wealth and undermine labor unions. Bezos believed that the administration

U.S. and partners plan to share information secretly from Russia and China

The United States, Japan, Canada, South Korea, Taiwan, the Philippines and Singapore have agreed to create a collective system of data exchange, including personal information, keeping it secret from China and Russia. It is intended to replace the relevant structures of the Asia-Pacific Economic Cooperation forum, which includes China and

Samsung is negotiating a 20% price increase for chip production

Samsung and Taiwan Semiconductor Manufacturing Co. account for more than two-thirds of the world's outsourced chip production capacity. Recall that Taiwan Semiconductor also raised prices for its products twice in the last year.

You won't believe it, but the U.S. stock market keeps falling

S&P500 index futures are losing about 1%. The focus is once again on rising interest rates around the world, and a big drop in the cryptocurrency market, which is raising the level of panic in the market. The U.S. stock market has almost completely lost all of

Tesla recalls 130 thousand cars in the USA

Ilon Musk's company once again recalls a large batch of its electric cars. This time, the reason is a malfunction in the touch screen display. The problem with the processor can interfere with the display of images from rear-view cameras. The recall applies to the Tesla S and

Gasoline rises again in the U.S.

The price of gasoline in the U.S. has jumped to near record levels again. The retail price reached $4,328 per gallon on Sunday. Currently, the all-time high set in early March is $4.331 per gallon. The Ukrainian crisis has significantly reduced the supply of diesel fuel to

Virgin Galactic postponed commercial suborbital flights until 2023

Virgin Galactic once again postponed the launch of commercial flights with tourists. The company postponed the first flight until next year because of problems with component supplies and a shortage of employees. It now plans to begin commercial flights of its VSS Unity spaceplane in the first quarter of 2023.

AmRest Holding failed to sell KFC and Pizza Hut in Russia

Polish owner of fast food restaurants could not sell its Russian business in favor of VTB Capital. Under the management of AmRest in Russia there are 267 establishments. The deal was discussed even before the start of the special operation in Ukraine. The sale was disrupted by sanctions against VTB.

BMW reported the first quarter of this year

Revenue: €31.14 billion (forecast €30.84 billion) Automotive revenue: €26.73 billion (forecast €27.08 billion) EBIT: 3.39 billion euros (forecast 2.9 billion euros) The company sees no easing of chip supply bottlenecks until the 2nd half of the year.

U.S. natural gas prices rise to highest level in 14 years

Senior Vice President and Chief Data Analyst at OTC Global Holdings, said the rise could be due to the sixth package of sanctions against Russia, which would include an embargo on Russian oil. In addition, U.S. production is declining and natural gas inventories in storage are 21 percent lower