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News & Articles By Cassie B.
06/27/2023
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By Cassie B.
JPMorgan launches euro-denominated digital payments for its JPM Coin
JPMorgan recently introduced euro-denominated payments for its corporate clients with its JPM Coin blockchain payment system. The system went live with its euro transactions last week, and the first payment in euros on its platform was carried out by the German company Siemens. JPM Coin was originally launched in 2019 for dollar payments with the […]
06/23/2023
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By Cassie B.
“Reconstruction bank” set up by globalist financiers to help Ukraine secure more than $411bn needed to rebuild
A reconstruction bank has reportedly been set up by BlackRock and JP Morgan Chase to help the Ukrainian government rebuild its country when the conflict with Russia ends. It is estimated that it will cost Ukraine at least $411 billion to rebuild, an amount that continues to rise each day as the conflict rages on. […]
06/20/2023
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By Cassie B.
Regional banks trying to unload commercial real estate loans as new crisis looms
Regional banks are currently scrambling to sell down their commercial real estate loan portfolios to minimize their risk amid fears of more bank runs like those seen late last year. The stress seen in the commercial real estate sector right now is weighing heavily on banks and regulators alike, and it’s regional banks that are […]
06/16/2023
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By Cassie B.
Home Depot looking to take advantage of America’s housing affordability crisis by offering tiny house kit for under $44,000
As Americans continue to grapple with high home prices, Home Depot is trying to cash in on the problem by offering a tiny house kit that costs just under $44,000. The offering comes at a time when the National Association of Realtors found that 75 percent of homes are currently too expensive for middle-class home […]
06/14/2023
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By Cassie B.
U.S. budget deficit climbs in May amid big government spending and falling revenue
Government income has dropped this year, pushing the federal deficit deeper into the red than expected. New data shows the budget deficit climbed in May against a backdrop of falling federal revenues and rising Medicare spending. The Monthly Treasury Statement showed a May shortfall of $240 billion, which is a full $66 billion over last […]
06/13/2023
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By Cassie B.
Calm before the storm: Financial experts warn current market calm is a sign of impending recession
The recent resurgence in the stock market following climbing interest rates and high-profile bank failures is being interpreted by some financial experts as a sign that a recession could be just around the corner. JPMorgan Asset Management Global Head of Fixed Income Bob Michele said that today’s economic climate calls to mind the lull seen […]
06/09/2023
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By Cassie B.
California’s “impossible” electric truck mandate could put logistics companies completely out of business
With California’s deadline for zero-emissions vehicles looming, logistics companies are growing concerned that compliance will be impossible. Under the new mandate, which goes into effect on January 1, 2024, all new trucks that are bought for servicing distribution centers, ports and rail yards must be zero-emission models. One of the main concerns is the low […]
06/07/2023
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By Cassie B.
Macy’s and other major retailers say slower sales indicate major problems for American economy
Major retailers are sounding alarm bells over the current state of the economy in light of shifting customer demand at their stores as they struggle to find new ways to remain profitable. Big chains like the department store Macy’s and warehouse club Costco report that shoppers are changing their purchases and spending less money on […]
06/05/2023
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By Cassie B.
Target LOSES $14 BILLION in market value as backlash over controversial “Pride” collection continues
Target is the latest company to find out the meaning of “get woke, go broke” as the backlash over its controversial LGBT Pride line of products has led to a major financial setback. Financial services giant JPMorgan downgraded Target’s stock from “neutral” to “overweight” as its market value dropped $14 billion in the fallout from […]
06/02/2023
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By Cassie B.
Poll shows 86% of Americans believe homelessness is a major problem in the U.S.
A new poll shows that a full 86 percent of American adults rate the nation’s homelessness problem as being “serious” – and more than half think the situation is currently “very serious.” The sentiment is roughly the same across party lines, with 58 percent of Republican voters, 56 percent of Democratic voters and 52 percent […]
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