Joseph Branch

Joseph Branch

Tesla's profits could suffer due to epidemic in China

The company will release quarterly results on Thursday. Investors expect the shutdown in Shanghai to cause supply chain problems. The COVID-19-related shutdown of Tesla's Shanghai plant and the cost of commissioning new plants in Berlin and Texas likely affected its first-quarter earnings, according to analysts polled by Reuters.

Johnson & Johnson retracts sales forecast for COVID-19 vaccines

The company cites demand uncertainty and global oversupply. The company previously released its Q1 2022 quarterly report. Johnson & Johnson noted that its COVID-19 vaccine sales contributed to the company's growth. However, lower sales of Remicade, an inflammatory disease treatment, played the opposite role.

China Signs Security Agreement with the Solomon Islands in the South Pacific - U.S., Australia, and New Zealand protested

U.S. State Department spokesman Ned Price warned that the broad nature of the agreement "leaves the door open for the deployment of military forces from the People's Republic." He also expressed concern that China's presence could destabilize the Solomon Islands.

Libya shut down its largest oil field

OPEC member representatives also warned of future shutdowns as protests against the prime minister grow. Libya could lose more than half of its production capacity of 1.2 million barrels per day. Production across the country could be almost completely halted if protesters carry out their threats to close the

New Perspectives for U.S. LNG Exporters

Europe's drive to reduce dependence on Russian gas should be a goldmine for LNG exporters from the United States, the world's largest gas producers

Corn futures continue strongest rally in 10 years, compounding global food problems

July corn futures rose 1.2 percent to $7.9350 a bushel in Chicago, the highest since September 2012. The price increase is due to the suspension of shipments from Russia and Ukraine. While Russia accounts for a relatively small share of corn supplies, Ukraine ranks fourth in the world,

Labor force levels in the U.S.

Labor force levels in the U.S., despite record-low unemployment, are still below pre-pandemic levels. However, the upward trend shows that the level will be reached in the near future.

Paris blocked central square in protest of election

Climate change activists forced the closure of the main square in central Paris on Saturday to protest the environmental programs put forward by the French presidential candidates. Macron and Le Pen have put forward very different ideas for the renewable energy sector. The incumbent president's ideas have never

Omicron subvariants BA.4 and BA.5 continue to spread across Europe and Africa

WHO reports that Omicron subvariants have been found in Botswana, South Africa, Germany, Denmark and other countries. BA.4 and BA.5 do not yet appear to be more infectious or deadly than the original omicron mutation, but this is not definitive.

Twitter has enlisted JPMorgan as an advisor to Musk's bid to buy the company

The largest U.S. bank recently began working to help Twitter in its negotiations. According to Bloomberg, in addition to Musk's offer, other investors are also interested in taking over Twitter.