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December 6, 2025
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‘Bad situation’: Soaring US dollar spreads pain worldwide

The Cheap Investor3 years ago3 years ago06 mins

The cost of living in Cairo has soared so much that security guard Mustafa Gamal had to send his wife and year-old daughter to live with his parents in a village 70 miles south of the Egyptian capital to save money. Gamal, 28, stayed behind, working two jobs, sharing an apartment with other young people…

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Labor agency tallies votes in another Amazon union election

The Cheap Investor3 years ago3 years ago02 mins

NEW YORK (AP) — The nascent group that secured the first-ever union victory of an Amazon warehouse in the U.S. is set to face a crucial test on Tuesday, when votes from yet another election are set to be tallied. Representatives from the National Labor Relations Board will be counting ballots cast by workers at…

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EXPLAINER: Killer drones vie for supremacy over Ukraine

The Cheap Investor3 years ago3 years ago05 mins

They are precise, small in size, able to engage a target in relatively large numbers like a swarm of wasps and above all, they’re cheap. In Russia’s invasion of Ukraine, drones have cemented their reputation as a potent, hard-to-stop and cost-effective weapon to seek out and destroy targets while simultaneously spreading the kind of terror…

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Scholz overrides allies, keeps 3 German nuke plants running

The Cheap Investor3 years ago3 years ago03 mins

BERLIN (AP) — German Chancellor Olaf Scholz ordered ministers Monday to prepare to keep all of the country’s three remaining nuclear plants running until mid-April, putting his foot down on an issue that had threatened to split his three-party government. The decision comes as Germany tries to prevent a possible energy crunch due to cuts…

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Sweden’s parliament elects conservative prime minister

The Cheap Investor3 years ago3 years ago03 mins

STOCKHOLM (AP) — Sweden’s parliament on Monday elected conservative leader Ulf Kristersson as prime minister at the head of a center-right coalition that has promised to crack down on crime and curtail immigration in partnership with a populist party with far-right roots. Kristersson, 58, was elected in a 176-173 vote and will present his government…

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Germany slaps messaging app Telegram with $5 million fine

The Cheap Investor3 years ago3 years ago02 mins

BERLIN (AP) — Germany announced Monday that it is issuing fines of 5.125 million euros ($5 million) against the operators of the messaging app Telegram for failing to comply with German law. The Federal Office of Justice said Telegram FZ-LLC hasn’t established a lawful way for reporting illegal content or named an entity in Germany…

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Credit Suisse pays $495M tied to mortgage-backed securities

The Cheap Investor3 years ago3 years ago02 mins

Credit Suisse has agreed to pay $495 million as part of a settlement with the U.S. over a yearslong dispute tied to mortgage-backed securities, an investment vehicle that played a central role in the 2008 financial crisis. The Swiss bank said that some of the transactions were prior to 2008. The New Jersey Attorney General,…

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BofA profits fall as bank sets aside money for downturn

The Cheap Investor3 years ago3 years ago02 mins

NEW YORK (AP) — Bank of America’s profits fell by 8% in the third quarter as the bank set aside cash to cover potential loan losses. It’s the latest bank to start socking away money for a potential recession, as Wall Street’s biggest banks have become increasingly gloomy on the U.S. economy going into the…

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EU approves Ukraine training mission, arms funds

The Cheap Investor3 years ago3 years ago02 mins

BRUSSELS (AP) — The European Union on Monday approved a military training mission in Europe for thousands of Ukrainian troops and a plan to provide around 500 million euros ($486 million) in extra funds to help buy weapons for the war-torn country. The mission, which will have a headquarters in Brussels and be under the…

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Kanye West to buy conservative social media platform Parler

The Cheap Investor3 years ago3 years ago03 mins

The rapper formerly known as Kanye West is offering to buy right-wing friendly social network Parler shortly after getting locked out of Twitter and Instagram for antisemitic posts. The acquisition of Parler would give West, legally known as Ye, control of a social media platform and a new outlet for his opinions with no gatekeeper….

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