Economy

  • Phil Spencer Discusses Economic Resiliency of Game Industry

    Spencer revealed that Xbox consoles are sold at a loss. Last week, Phil Spencer, head of Microsoft’s Xbox division, spoke at the Wall Street Journal’s WSJ Tech Live conference in Laguna Beach, California about...
  • Heatwave Impacts Chinese Economy

    Factories and agriculture have been impacted by the heat. Many of China’s provinces are currently in the midst of a record-breaking heatwave that shows no sign of calming any time soon. As expected, the...
  • Home Depot Business Remains Strong Despite Economic Turmoil

    Home Depot still maintains a healthy customer base despite economic concerns. Ongoing concerns of inflation have done a number on numerous businesses throughout the United States, both corporate and retail. Customers have been more...
  • US Fires Back at Russian Criticism

    The government dismissed Putin’s criticisms as desperate posturing. On Wednesday, at a meeting of the Eastern Economic Forum in Vladivostok, Russian President Vladimir Putin gave a speech decrying the actions of the United States....
  • US GDP Down 1.4% in First Quarter

    Various factors have the US economy off to a less-than-stellar start. Following an above-average performance at the end of 2021, a new report from the United States Department of Commerce showed that the country’s...
  • Taliban Bans Use of Foreign Currencies

    Only the Afghan Afghani can be used in commerce. Since the Taliban took executive control over Afghanistan, the country’s economy has been in dire straits. International businesses and interests have been withdrawing their support,...
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