marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
economics
04/18/2024
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By Laura Harris
Tesla plans to lay off 10% of workforce after dismal quarterly sales
Tesla has announced its plan to lay off approximately ten percent of its workforce after the release of its dismal first-quarter sales report. In that quarter, Tesla experienced a significant decline in sales due to heightened global competition, a slowdown in electric vehicle sales growth and unsuccessful attempts to attract more buyers, including with price reductions. Tesla has […]
04/18/2024
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By Richard Brown
Israel’s DEBT has doubled to nearly $43 billion since declaring war on Gaza
Israel’s finance ministry has revealed that the war on Gaza caused Tel Aviv’s debt to skyrocket twofold, reaching 160 billion shekels ($42.59 billion). Of this debt, 81 billion shekels ($21.56 billion) were incurred since the conflict began in October. The total debt in 2023 accounted for 62.1 percent of the gross domestic product (GDP), up from […]
04/15/2024
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By Laura Harris
Trudeau plans to continue immigration policies despite admitting they have caused decline in wages, housing crisis in Canada
Prime Minister Justin Trudeau has announced that his government will continue bringing in up to 500,000 permanent immigrants to Canada annually, despite openly admitting that his immigration policies have contributed to declining wages and housing crisis. In a media conference at Dartmouth, Nova Scotia, on April 2, a journalist asked Trudeau how his policies have contributed […]
04/11/2024
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By Ava Grace
Bureau of Labor Statistics reports ZERO GROWTH in manufacturing jobs in March
The Bureau of Labor Statistics (BLS) has reported no new manufacturing jobs were added in March despite the administration of President Joe Biden creating many programs and public spending initiatives to boost hiring in the sector. This comes from the BLS’s latest Employment Situation Summary for March, revealing that the number of manufacturing jobs in the United States […]
04/11/2024
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By Kevin Hughes
Zimbabwe introduces new currency BACKED BY GOLD
Zimbabwe has introduced a new national currency, the Zimbabwe Gold (ZiG), that is backed primarily by gold and foreign currency reserves. This comes amid a bid by the southern African nation to stabilize its economy and counteract the devaluation of its previous currency, the Zimbabwean dollar. Reserve Bank of Zimbabwe Gov. John Mushayavanhu declared on […]
04/04/2024
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By Ava Grace
Hundreds of jobs, millions in tax revenue at risk while Port of Baltimore remains closed
Officials are racing to reopen the Port of Baltimore, which generates nearly $400 million in state and local tax revenue annually. Federal officials are not prepared to speculate on when the port will be open again, but there is a financial urgency to open as soon as possible. The port is responsible for nearly $3.3 […]
04/02/2024
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By Ava Grace
Ford drastically cuts EV factory workforce as electric car sales plummet
About 1,400 workers at a Ford factory in Michigan that makes the F-150 Lightning will move to new jobs or take retirement packages as sales of the fully electric pickup trucks decline. Ford began the year by cutting production of the F-150 Lightning following significantly weaker-than-expected sales growth in electric vehicles. While EV sales are growing in […]
03/29/2024
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By Laura Harris
REPORT: Renting is now cheaper than owning a house in America’s 50 biggest metro areas
A recent Realtor.com report found that renting has emerged as more cost-effective than buying homes across all 50 metro areas in the United States as home prices soar and mortgage rates escalate. Realtor.com, a company operated by News Corp. subsidiary Move Inc., determines the monthly expense of home ownership by aggregating the median listing prices of studio, one-bedroom and two-bedroom […]
03/28/2024
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By Laura Harris
POLL: Inflation and immigration rank as top concerns for voters as Biden and Trump gear up for 2024 rematch
As the political arena gears up for a highly anticipated rematch between President Joe Biden and former President Donald Trump in November, likely voters across the United States have voiced their primary concerns, with inflation, illegal immigration and the economy taking center stage. The poll by Center Square Voters’ Voice and Noble Predictive Insights surveyed […]
03/27/2024
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By Richard Brown
Putin successfully using GOLD to defeat international sanctions on Russia
Since the Western world implemented widespread sanctions against Russia over its special military operation in Ukraine in early 2022, President Vladimir Putin’s strategy for evading economic disaster has relied on linking the ruble’s value to gold, sparking both intrigue and concern globally. Despite facing an onslaught of over 16,000 sanctions, targeting everything from Russian trade, […]
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