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News & Articles By Belle Carter
06/27/2023
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By Belle Carter
South Korean convenience store rolling out vending machines that SELL GOLD
South Korean convenience store chain GS Retail is now rolling out gold bar vending machines at its locations, and they are proving to be a great hit among customers. GS Retail, with nearly 14,000 branches all over South Korea, reported that it has already sold a total of $19 million worth of gold bars in the past […]
06/21/2023
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By Belle Carter
National debt hits record-high $32 trillion two weeks after suspension of debt ceiling
The United States’ gross national debt hit a record-breaking $32 trillion on Friday, June 16, less than two weeks after President Joe Biden signed into law the suspension of debt ceiling. According to the nation’s treasury data, the national debt is currently at $32.03 trillion. The Congressional Budget Office estimates the country’s deficit for the […]
06/18/2023
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By Belle Carter
Fed PAUSES rate hike, but warns of 2 MORE before end of the year
The Federal Reserve has paused a planned 11th rate hike, but warned of two more increases before the end of 2023. The American central bank decided against the hike on June 14, amid its scrutiny of its 10 previous rate hikes. Nevertheless, the Federal Open Market Committee (FOMC) projected two more quarter percentage hikes before […]
06/16/2023
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By Belle Carter
Bond investors warn: Brace for INEVITABLE RECESSION caused by Fed’s continued RATE HIKES
Bond investors warned that the U.S. is heading toward an inevitable recession – all thanks to the Federal Reserve’s continued interest rate hikes. The investors’ warnings contrasted with the Biden administration’s narrative of U.S. stocks returning to a bull market, the economy outperforming expectations and the threat of an economic collapse being mitigated. Sticking to […]
06/15/2023
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By Belle Carter
GREEDFLATION: Predatory corporations still raising prices for bigger revenue despite falling input costs
A recent report from consumer-advocacy group Accountable.US revealed that S&P 500 food and consumer-goods giants are still raising prices even as input costs are falling. Dubbing the measures “greedflation” in place of inflation, Accountable.US said these companies still attach their products with hefty price tags to protect what a new report calls their “cushioned corporate profits,” and doing so […]
06/13/2023
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By Belle Carter
DEBT SENTENCE: Bankruptcy haunts corporate America as interest rates soar following the end of easy money
As the era of easy money ended last year, filings for corporate bankruptcy have piled up at the fastest pace since 2010 as interest rates have become much higher and investors are getting hesitant and a little more prudent. According to S&P Global Market Intelligence data, the first two months of the year registered the […]
06/13/2023
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By Belle Carter
Calm before the storm: Treasury bills to flood market following sealed debt-ceiling deal
Following the signed debt ceiling deal, investors are preparing for a massive flood of more than $1 trillion Treasury bills that could ignite a new round of volatility and threaten the current calm in the market. As per JPMorgan analysts, Wall Street traders fear that the roughly $850 billion in bond issuance was shelved until a […]
06/13/2023
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By Belle Carter
HEAD IN THE SAND: Biden’s Labor Statistics claims job growth is strong despite economic indicators pointing to coming financial meltdown
The Bureau of Labor Statistics (BLS) released new jobs data last week claiming that seasonally adjusted total nonfarm jobs growth beat forecasts, growing by 339,000 new jobs in May. However, the data raised the eyebrows of critics as the unemployment rate rose from 3.4 percent to 3.7 percent month-over-month. Mainstream media outlets report this headline employment data […]
05/24/2023
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By Belle Carter
NO DEAL! Biden, McCarthy fail to reach an agreement on DEBT CEILING just days from potential default
President Joe Biden and House Speaker Kevin McCarthy failed to reach an agreement on how to raise the U.S. government’s $31.4 trillion debt ceiling during their meeting Monday, May 22, at the White House. “I felt we had a productive discussion – we don’t have an agreement yet, but I did feel the discussion was productive in […]
05/24/2023
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By Belle Carter
Canadian businessman to build 4,000-room hotel inside giant moon replica atop a Dubai building
Canadian entrepreneur Michael Henderson is proposing a $5 billion real estate project that would build a 274-meter (900-foot) artificial moon atop a 30-meter (100-foot) building in Dubai, which is home to the world’s tallest building and other architectural wonders. Henderson’s new project, dubbed “MOON,” will be just like the real moon that Earth’s billionaire space […]
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