Business
900 families to be evicted from Florida mobile home park
Park authorities reported that the closure is part of a community development plan that seeks to modernize the area
Business
The Latest
Business
The crypto option: Russian workaround to mitigate Western sanctions, or digital mirage?
Individuals, and possibly small companies, could use Bitcoin or other commercial cryptocurrencies to get around sanctions, but it's very unlikely there would be enough scale to save the Russian economy
Business
McDonald's closing all Russian locations, signaling rebirth of Cold War
McDonald’s announced Tuesday that it would temporarily close all 847 Russian locations under pressure from investors and consumers over the invasion of Ukraine. The chain said it would continue to pay the salaries of its 62,000 employees as it keeps an eye on when and how it would be able to reopen its restaurants.
Business
Putin's political party suggests nationalizing Western companies
A high ranking official of the United Russia party said Moscow should nationalize the operations of Western companies withdrawing from the country in response to its invasion of Ukraine. The official said the move would prevent job losses and help retain the domestic production of goods
Business
Dow drops 800 points, enters correction, after crude prices reach highest level since 2008
Stocks sank on Monday, with the Dow Jones Industrial Average falling nearly 800 points, after crude oil reached its highest level since 2008 and is expected to continue to push higher
Business
Shipping company to move operations from backlogged California to Florida’s open ports
While many businesses continue to leave California for Texas and elsewhere, international shipping companies have been increasing their operations in Florida
Business
Gas prices reach $5 a gallon in first U.S. city
The last time the average national gas price was this high was during the Great Recession in July 2008
Business
Venezuela raises minimum wage by 1,800%—finances increase with cryptocurrency
Maduro has reported relative economic stability in recent in recent months, following his decision to unofficially dollarize the economy, ease restrictions on the private sector and dramatically cut the fiscal deficit
Business
Powell acknowledges Russia sanctions could rev China plan for alternative to dollar-centric banking
U.S. lawmakers fear China is learning all the wrong lessons from Vladimir Putin's recent invasion
Business
RT America to cease productions, layoff most staff
The American channel of RT, a Russian state-controlled international TV network, will be ceasing all productions and layoff most of its staff. The channel is known for always placing Russia in a positive light and parroting Kremlin positions.
Business
Russians turn to Chinese banks as Western sanctions cripple economy
"It's pretty simple logic. If you cannot use U.S. dollars, or euros, and U.S. and Europe stop selling you many products, you have no other options but to turn to China. The trend is inevitable," a Chinese businessman told reporters