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News & Articles By Cassie B.
08/06/2024
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By Cassie B.
New York City commercial real estate in trouble as major building sells at 97.5% discount
The pandemic marked a seismic shift in the way business is conducted, and while many companies discovered the cost savings and other benefits associated with remote working, commercial real estate is paying the price. As restrictions were lifted and life returned to normal, many businesses found that the new way of doing things worked far […]
08/06/2024
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By Cassie B.
Stock markets plunge around the world as fears over weak U.S. economy spark financial panic
Stock markets dropped around the world as worried investors reacted to the weakening U.S. economy with a global sell-off. Europe’s main stock indices dropped on Friday, with tech stocks in Europe hitting their lowest level in more than half a year. Germany’s DAX lost 2%, while France’s CAC 40 fell 1% and London’s FTSE dropped […]
08/02/2024
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By Cassie B.
NSA whistleblower Edward Snowden warns that Bitcoin transactions aren’t as anonymous as people think
NSA whistleblower Edward Snowden has warned the public that their Bitcoin transactions may not be as private as they’d like to think, potentially exposing sensitive information about their political affiliations and lifestyle to governments and other entities. In his keynote speech at the recent Bitcoin 2024 conference in Nashville, which he gave from his exile […]
07/31/2024
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By Cassie B.
Ukraine’s credit rating downgraded again by Fitch over $20 billion debt restructuring
The credit rating agency Fitch has downgraded Ukraine’s credit rating as the conflict with Russia continues, cautioning that a default is imminent. Fitch moved the country from a CC rating to C after they reached an agreement, at least in principle, with foreign investors for restructuring their $20 billion debt on Monday. Last week, Ukraine’s […]
07/25/2024
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By Cassie B.
Fortune 500 companies to incur more than $5 billion in losses from CrowdStrike outage – and that’s EXCLUDING Microsoft
The damage from the huge IT outage caused by CrowdStrike on machines running Microsoft software last week that brought air traffic to a standstill, left some hospitals unable to provide certain services, and rendered many businesses unable to operate is still being tallied, but the modeling and insurance services firm Parametrix has already come up […]
07/12/2024
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By Cassie B.
America’s sanctions will put an end to U.S. dollar dominance, entrepreneur warns
U.S. sanctions are killing the American dollar’s longstanding global dominance, a Russian entrepreneur is warning, and the growing power of the BRICS coalition shows just how serious much of the world is about moving away from the greenback. In a recent interview with Tucker Carlson, the founder of Russian fertilizer producer EuroChem, Andrey Melnichenko, explained […]
07/11/2024
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By Cassie B.
Saudi Arabia threatened to sell European debts if G7 confiscates Russian assets
Saudi Arabia threatened to sell off some of its European debt holdings earlier this year if the G7 went forward with rumored plans to seize nearly $300 billion in Russian assets it had frozen. One source who was aware of the discussions described it to Bloomberg as a “veiled threat,” while two sources said that […]
07/04/2024
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By Cassie B.
John Deere laying off hundreds more workers in the Midwest and shifting production to Mexico
Farm equipment manufacturer John Deere has announced another round of layoffs due to the slowing American economy and a reduction in demand that is prompting them to shift their production to Mexico. The company, which is the top seller in the world of tractors and crop harvesters, has given 610 production staff at its Iowa […]
06/26/2024
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By Cassie B.
Russia says countries that join BRICS can’t participate in unilateral sanctions
Russian Deputy Foreign Minister Sergey Ryabkov has announced a major condition that will apply to all countries that are interested in joining the BRICS+ economic coalition of nations. At a Moscow press conference this week, Ryabkov asserted: “For us, one of the key criteria for admission to BRICS and welcoming partner states is non-participation…in the […]
06/13/2024
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By Cassie B.
85,000 Users locked out of savings accounts at “YouTube Bank” as fears over bank failure grow
America’s next big bank failure is only a matter of time, and the current problems of the so-called “YouTube Bank” should serve as a reminder to everyone with savings accounts that their money isn’t as safe as they’d like to think. The “YouTube Bank” is not really a bank in the technical sense, despite the […]
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