marketcrash
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News & Articles By Arsenio Toledo
10/19/2023
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By Arsenio Toledo
Interest rate for 30-year fixed mortgage rises to 8.45% – the highest it has been since 2000
The interest rate for the 30-year fixed mortgage, one of the most popular kinds of mortgages in the United States, just hit a record-high of 8.45 percent for the first time since 2000. This is not the first time this month that the 30-year fixed mortgage’s average interest rate actually jumped above the eight percent mark. On […]
10/17/2023
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By Arsenio Toledo
Rite Aid forced to file for bankruptcy amid slumping sales, high debt and ongoing opioid lawsuits
Drugstore chain Rite Aid has filed for Chapter 11 bankruptcy protection in New Jersey owing to soaring debts and said it would be closing underperforming stores, selling its assets and resolving pending litigation against it. Rite Aid is one of the largest pharmacy retailers in the United States. Court filings reveal that the company has […]
10/13/2023
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By Arsenio Toledo
Sam Bankman-Fried tried to recoup losses by opening fake accounts using IDs of Thai prostitutes
Former billionaire and cryptocurrency magnate Sam Bankman-Fried directed his former girlfriend Caroline Ellison to hide the billions of dollars in customer deposits and investor funds he siphoned from his company through a variety of elaborate schemes. This is according to Ellison’s testimony before a federal court in downtown Manhattan. Ellison, who at the time of the […]
10/12/2023
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By Arsenio Toledo
Sam Bankman-Fried directed executives to COMMIT CRIMINAL FRAUD for him, including donating over $10 MILLION to Biden
Cryptocurrency trader and former Alameda Research CEO Caroline Ellison recently testified at the trial of Sam Bankman-Fried that she was directed to donate $10 million to the presidential campaign of Joe Biden. Alameda Research is the sister company of Bankman-Fried’s now-defunct cryptocurrency exchange platform FTX. Prosecutors are alleging that Bankman-Fried defrauded customers and investors on FTX […]
10/11/2023
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By Arsenio Toledo
Oil prices surge following large-scale clashes between Israel and Palestine
Large-scale hostilities between Israel and Palestinian militant groups in the Gaza Strip have sent crude oil prices surging even after oil prices already spent the entirety of the summer inching their way closer to $100 a barrel. The amount of conflict between Israel and Palestine has reached a level not seen in months, and traders have responded […]
10/10/2023
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By Arsenio Toledo
Israel-Palestine war causes GOLD PRICES to RALLY as demand for safe haven investment increases amid chaos
Gold prices are trading significantly higher in the United States following the renewed outbreak of conflict between Israel and Palestine, as more investors are looking for safe havens to protect from other unexpected major geopolitical shocks that could shake the global economy. Israel has declared war on the pro-Palestinian Islamic fundamentalist terrorist group Hamas and […]
10/02/2023
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By Arsenio Toledo
Congress abandons Ukraine aid in temporary funding bill to avert government shutdown
President Joe Biden signed a temporary funding bill late Saturday, Sept. 30, to keep the government open after Congress rushed to approve a bipartisan deal. The package drops Ukraine aid, a White House priority opposed by a growing number of GOP lawmakers. But it meets Biden’s request of increasing federal disaster assistance by $16 billion. The […]
09/28/2023
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By Arsenio Toledo
America heading toward a housing market crash worse than the Great Recession
The American housing market is heading for a crash that may be bigger than the one experienced by homeowners in the 2008 financial crisis. “This will be the greatest crash in the history of housing,” warned financial expert John Perez, who predicted that, following the crash, average housing prices across the country could plummet by […]
09/27/2023
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By Arsenio Toledo
FTC sues Amazon for illegal conduct and a long list of monopolistic practices
The Federal Trade Commission (FTC), with the support of at least 17 states, has filed its long-awaited antitrust lawsuit against Amazon for allegedly engaging in illegal conduct and “monopolistic practices” within its online store and merchant services. The FTC is asking the court to consider forcing the online retailing giant to sell some of its assets as […]
09/27/2023
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By Arsenio Toledo
Ford pauses construction of $3.5 billion EV battery plant in Michigan amid scrutiny over CCP involvement with the project
Automaking giant Ford has halted construction on a $3.5 billion electric vehicle battery manufacturing factory amid an ongoing probe by House Republicans over the company’s ties with China. Ford announced plans to construct the 950-acre BlueOval Battery Park in the small town of Marshall, Michigan, around 90 miles west of Detroit, on Feb. 13 and […]
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