marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
economics
12/13/2024
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By Ava Grace
Report: U.S. manufacturing sector slashed 26,000 jobs in November as industry woes persist
The U.S. manufacturing industry shed 26,000 jobs in November, following a loss of 19,000 jobs in October Private employers added 146,000 jobs in November, falling short of analysts’ expectations of 150,000, with goods-producing industries showing only a 6,000-job gain. Manufacturing was the weakest sector, and another report highlighted that the industry has been contracting for […]
12/11/2024
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By Arsenio Toledo
Wendy’s announces closure of 140 restaurants nationwide
Wendy’s has announced the closure of 140 underperforming locations in the United States. This decision is part of a strategic effort to streamline operations, improve profitability and focus on high-growth areas. The 140 restaurant closures were identified through a comprehensive, data-driven review. These locations were described as outdated and underperforming, with financial results “well below […]
12/04/2024
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By Arsenio Toledo
Economists warn incoming Trump administration risks turning bullish stock market into a risky BUBBLE
Economists are warning that the incoming administration of President-elect Donald Trump could rattle the country’s economy and lead to stock markets changing course from their current bullish state. Most stock markets have been surging thanks to traders responding positively to Trump’s recent victory in the election and his impending inauguration on Jan. 20, 2025. The […]
11/27/2024
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By Laura Harris
REPORT: Tariffs during Trump’s first term would help U.S. decouple from China
A report from the National Pulse has revealed that the enactment of tariffs during the first term of President-elect Donald Trump is now helping the United States decouple from its imbalanced trade relationship with China. During Trump’s first term, he imposed 10 percent tariffs on Chinese aluminum, 30 percent on solar panels and electric vehicles and […]
11/25/2024
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By Laura Harris
Walmart CFO warns customers of potential price increases if Trump implements new tariff plans
Walmart Chief Financial Officer John David Rainey has warned the public that the retail giant would have to raise its prices if President-elect Donald Trump pushed through with his new plans to impose tariffs. During the campaign period, Trump vowed to impose a 60 percent to 100 percent tariff on imports from China and a […]
11/25/2024
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By Ava Grace
Credit card debt hits record $1.17 trillion, New York Fed research shows
Household debt in the United States grew by another $147 billion over the third quarter of 2024, with credit card debt being one of the leading drivers of the new debt. This is according to the Quarterly Report on Household Debt and Credit from the Federal Reserve Bank of New York’s Center for Microeconomic Data, […]
11/19/2024
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By Ava Grace
DNA testing giant 23AndMe terminates 40% of its workforce amid falling revenues
DNA-testing giant 23AndMe is laying off 40 percent of its workforce, amounting to about 200 employees who will soon be out of a job. The company will also be discontinuing its therapeutics division as it struggles to slash costs amid rising operational expenditures. In a prepared statement, 23AndMe CEO and co-founder Anne Wojcicki said the […]
11/17/2024
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By Cassie B.
Fed pulls half of credit available from BTFP, engineering a potential banking crash to be thrown in Trump’s lap
The Fed’s latest move has some observers warning that we could be about to experience another crash. X user @FinanceLancelot cautioned: “The Federal Reserve’s emergency BTFP dropped by a shocking $30 billion this week, leaving only $26 billion left.” “Jerome Powell is pulling the liquidity rug away to trigger a crisis, exactly like Feb 2020,” […]
11/15/2024
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By News Editors
Biden’s economic time bomb: A warning to Trump
The insane neo-Keynesian policies implemented by the Biden-Harris administration have created persistent inflation and record levels of debt with two objectives: to bloat Gross Domestic Product and jobs with public spending and government jobs. (Article republished from Mises.org) The United States’ insane inflation is solely due to out-of-control spending and currency printing. Corporations, wars, or supply chains […]
11/14/2024
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By Arsenio Toledo
Bitcoin surges to just under $90,000 in value as second Trump term excites crypto markets
President-elect Donald Trump’s recent victory in the election has caused bitcoin to surge in value. In the days since the election, bitcoin nearly breached the $90,000 mark before stabilizing to around $86,000. Bitcoin has been rallying since Trump’s victory, with the token hitting $75,000 on election night when it was clear that the Republican was […]
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