marketcrash
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Inflation
08/18/2023
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By News Editors
Compilation: Millennials CRUSHED by inflation freak out over soaring cost of living
Millennials and Gen Z are taking to social media to share how they’re increasingly unable to afford basic necessities like food and housing. (Article by Jamie White republished from Infowars.com) Young adults explained on TikTok that the soaring inflation in Canada, the U.S. and elsewhere has created a dire cost of living crisis with no […]
08/17/2023
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By Cassie B.
American families are spending $709 a month more than two years ago due to Biden’s inflation
The Biden administration has been doing its best to downplay the inflation that Americans are currently dealing with, but Moody’s Analytics recently put a dollar amount on just how much the country’s economic woes have been costing us. According to the chief economist at Moody’s, Mark Zandi, Americans are now spending more than $700 a […]
08/17/2023
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By Zoey Sky
Trucking firm granted $700 million U.S. bailout declares BANKRUPTCY
Yellow, the freight-trucking company formerly known as YRC Worldwide, is struggling and filing for bankruptcy three years after receiving a $700 million Wuhan coronavirus (COVID-19) pandemic-era bailout from the federal government. Despite negotiations that went on for months, disagreements between Yellow’s management and the International Brotherhood of Teamsters (Teamsters Union), a labor union in the U.S. and Canada, resulted […]
08/14/2023
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By Ethan Huff
Moody’s cuts credit ratings for 10 small and midsize U.S. banks, sending bank stocks plummeting
Ten small and midsize banks in the United States have had their credit ratings lowered by Moody’s, this likely due to higher funding costs, potential regulatory capital weaknesses, and increasing risks tied to commercial real estate loans due to plummeting demand for office space. According to Moody’s, this trifecta of issues means that M&T Bank […]
08/13/2023
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By Kevin Hughes
America is on a collision course for a debt disaster, warns author Robert Kiyosaki
The United States is approaching disaster with its increasing national debt, according to well-known author Robert Kiyosaki. Kiyosaki made the statement during a guest appearance in a recent episode of the “Decentralize TV” show hosted by Mike Adams and Todd Pitner on the Brighteon.com channel. Adams kicked off the discussion with Kiyosaki by asking the […]
08/11/2023
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By Cassie B.
Americans’ credit card debt reaches a record-setting $1 trillion in the face of inflation and rising expenses
The New York Federal Reserve has reported that aggregate credit card balances climbed during the second quarter of this year and exceeded $1 trillion for the first time on record as Americans are increasingly relying on credit cards to cover their expenses. In the period from April through June, total credit card and indebtedness climbed […]
08/09/2023
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By Zoey Sky
Pilot shortage and union demand could make passenger flights unaffordable for ordinary Americans
Flying could become too expensive for ordinary Americans. The expected increase in plane ticket prices is due to two factors: severe pilot shortages and demanding pilot unions. Estimates suggest that airlines across North America will suffer shortages of around 30,000 pilots over the next decades because the country isn’t training enough pilots while others are choosing to […]
08/08/2023
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By Kevin Hughes
Huge decline in cardboard box sales indicates RECESSION
The huge decline in sales of cardboard boxes, something dismissed by many, is a silent sign that the U.S. economy has entered a recession. In a July 24 press release, the Packaging Corporation of America (PCA) reported that cardboard box sales dropped 9.8 percent in the second quarter of 2023. The number was among the […]
08/07/2023
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By Arsenio Toledo
OPEC’s crude production DROPS to its lowest level in three years as Saudi Arabia continues to throttle oil production
The Organization of the Petroleum Exporting Countries’ (OPEC) crude oil production has plummeted to its lowest level in three years, largely due to Saudi Arabia implementing deeper cutbacks in production in a bid to shore up global oil prices. Data shows that OPEC’s crude oil output plunged by 900,000 barrels a day last month to an […]
08/03/2023
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By Ethan Huff
CVS to slash 5,000 jobs, close 900 stores as vaccines kill off repeat customers
As the United States-based pharmacy chain continues to shift its focus more onto healthcare services, CVS Health has announced that it is cutting about 5,000 jobs and closing 900 stores over the next three years. To save the company money so it has a better chance of surviving, CVS Health is slashing mostly corporate jobs, […]
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