marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
News & Articles By Arsenio Toledo
04/25/2023
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By Arsenio Toledo
Moody’s downgrades ratings of 11 regional banks as banking instability continues
Moody’s Investor Services, one of America’s premier credit rating and analysis corporations, issued downgrades for 11 regional investors. This development suggests that the recent bank failures have ushered in greater instability in the banking industry. The United States banking sector has come under increased scrutiny following the catastrophic and historic failures of the tech industry-focused Silicon Valley […]
04/21/2023
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By Arsenio Toledo
Apple enters the banking sector, offers new savings account with 4.15% interest rate
Apple has partnered with Wall Street giant Goldman Sachs to provide a new savings account that offers a highly competitive 4.15 percent interest rate. The new service, known as the Apple Card, does not require a minimum deposit or balance and can be set up easily from the Wallet app on people’s iPhones. Apple said […]
04/20/2023
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By Arsenio Toledo
Three banks suffer $60 billion in lost deposits as customers run to banks with higher interest rates
Three banks – Charles Schwab, State Street and M&T Bank – suffered nearly $60 billion in combined bank deposit outflows during the first quarter of the year as customers flock to banks that provide significantly higher yields. This is the latest disaster experienced by the American banking sector ever since the collapse of Silicon Valley Bank […]
04/19/2023
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By Arsenio Toledo
Top Bank of England official warns cash is becoming “less usable” as more people opt for digital payments
The deputy governor of the Bank of England, the United Kingdom’s central bank, warned that cash is becoming “less usable” as consumers and retailers alike increasingly reject bank notes and embrace online shopping and digital payment options. This is according to Sir Jon Cunliffe, who noted how online shopping and contactless payment options are becoming more […]
04/19/2023
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By Arsenio Toledo
Rise of remote work and decline of commuters contributing to San Francisco’s “urban doom loop”
San Francisco is in an “urban doom loop” caused by the disappearance of thousands of workers from the city due to remote work or work from home arrangements, and this death spiral will continue to make the city fall into economic and social ruin. Experts have noted how a massive assortment of problems has come […]
04/18/2023
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By Arsenio Toledo
Major retailers will keep shutting down their stores until organized retail crime gets under control
The country’s major retailers are shutting down stores all over the country, especially in the United States’ major urban areas where retail crimes are rampant. Chicago became the latest to experience retail closures when Walmart announced that it was shutting down four of its eight locations there – mostly located in the city’s exceptionally crime-ridden south and […]
04/17/2023
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By Arsenio Toledo
French constitutional court approves most of Macron’s controversial pension reform bill, including the unpopular retirement age increase
France’s top constitutional court has approved most of the provisions within President Emmanuel Macron’s flagship pension reform bill despite months of protests and widespread dissatisfaction, especially with the proposal to raise the retirement age. The country’s Constitutional Council approved most of Macron’s pension reform provisions, including its core elements such as the increase in the minimum […]
04/12/2023
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By Arsenio Toledo
Walmart to close half of its stores in Chicago due to millions in annual losses (and a collapsing retail economy)
Walmart announced on Tuesday, April 11, that it will be closing four of its eight stores in Chicago as they cost the retail giant millions in annual losses. Collectively, these stores have not been profitable since the first one opened 17 years ago, costing the company “tens of millions of dollars a year” in losses, […]
04/10/2023
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By Arsenio Toledo
Over 500,000 march all over France as protests against Macron’s plan to raise retirement age continue
Over half a million people took to the streets all over France on Thursday, April 6, to protest President Emmanuel Macron’s plan to raise the age of retirement from 62 to 64. Macron’s drive to reform France’s pensions system has ignited the months-long protests. Facing a potential lack of votes to push the reforms through the National Assembly, […]
04/07/2023
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By Arsenio Toledo
Recession fears surge as new job creation slows down, jobless claims rise
Investors are once again concerned that the economy of the United States could dip far enough into a recession as recent jobs data shows a slowdown in new job creation and an increase in jobless claims. According to the Department of Labor‘s report, job openings slipped to 9.9 million in February, the lowest since May 2021. This is […]
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