Tags: Business

Prigozhin is ‘alive’ claims Russian analyst – even as his funeral takes place

is alive after his body double was killed in last week’s plane crash, a Russian analyst has claimed. The fanciful claim comes days after Russian officials said they had confirmed the brutal warlord’s death through DNA analysis. Dr Valery Solovey made his astonishing assertion as a The former professor at Moscow’s Institute of International Relations…

Republicans demand answers from Garland on Covid relief fraud

A congressional committee investigating pandemic relief fraud is demanding that the Justice Department provide documents and information describing the extent to which international criminal groups plundered those programs, according to a letter obtained exclusively by NBC News. The letter, from the Republican-controlled House Select Subcommittee on the Coronavirus Pandemic, asks Attorney General Merrick Garland to…

Amazon slashes its way to higher profits

The smartest insight and analysis, from all perspectives, rounded up from around the web: Amazon reminded investors last week that it’s no Big Tech afterthought, said Spencer Soper in Bloomberg. The retail giant “pulled off a financial double play this earnings season,” generating big earnings growth while cutting spending. The results sent shares soaring to…

Following Xi’s lead? Russia takes closer look at Chinese ideology.

Cooperation Europe Following Xi’s lead? Russia takes closer look at Chinese ideology. | View caption Hide caption Is Russia’s future aligned with China? Many in Moscow think so, seeing the two countries’ visions aligning not just geopolitically, but also ideologically – though it may cost Russia considerably. “Interest toward our eastern partner is really great…

Will China’s slowdown pull the US into recession?

China can’t seem to shake off its post-COVID economic slump. Will that weakness backfire on the American economy? CNBC reported that the People’s Bank of China cut interest rates this week in an effort to spur economic growth, amidst a “confidence crisis” that has seen exports fall dramatically, factory production slow down, and housing sales…

Cannabis payment options diminish

Here are three of the week’s top pieces of financial insight, gathered from around the web: A terrible gold deal for retirees Gold IRAs are no safe haven, said Jeremy B. Merrill and Hanna Kozlowska in The Washington Post. Gold IRA investment companies like Lear Capital and Hartford Gold Group typically promote their products as…

Is this the crash-proof economy?

The smartest insight and analysis, from all perspectives, rounded up from around the web: “The Federal Reserve keeps taking, but nonetheless, this economy keeps on giving,” said Mitchell Hartman in NPR’s Marketplace. “The standard metaphor” for when the central bank has to raise interest rates to slow an overheating economy is that it takes away…