Newsletter May 11, 2022
Queen misses UK parliament opening for first time since 1963

Charles delivered the Queen's Speech from the consort's throne, symbolically an inch shorter than the monarch's sovereign throne

Elon Musk says Tesla open to buying a mining company

Other automakers and executives including Carlos Tavares, the CEO of Tesla rival Stellantis NV, have warned the auto industry faces a metals supply shortage.

UK to enter recession this year, think-tank NIESR forecasts

NIESR cut its UK growth forecast for 2022 to 3.5% from 4.8%, and downgraded its 2023 forecast to 0.8% from 1.3%

ARK's Wood sees global recession, blames market selloff on Fed hike plan

The benchmark S&P 500 is down approximately 16% for the year to date, near the 20% decline that typically signifies a bear market.

U.S. FAA shifts gears on certifying future 'flying taxi' pilots

The FAA said its process "for certifying the aircraft themselves remains unchanged.

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