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News & Articles By Cassie B.
10/17/2022
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By Cassie B.
Shipping rates drop 75% amid plummeting US retail demand
Cargo ship owners have been canceling sailings on some of the busiest routes in the world in the middle of what is normally their peak season, illustrating the serious impact that inflation has been having on consumer spending. This summer, import volumes to the U.S. started to drop dramatically, which is a strong sign that […]
10/13/2022
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By Cassie B.
US stocks hit new lows following release of Fed Minutes as inflation persists
Following the release of the Federal Reserve’s newest meeting minutes, both the S&P 500 and the NASDAQ composite sunk to new lows for the year. The minutes, which come from the Fed’s September policy meeting, showed that the Federal Reserve plans to raise the federal funds rate, and any possible slowdowns in the pace of […]
10/05/2022
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By Cassie B.
Grocery store discounts are getting harder to find as food inflation soars
Discounts at the grocery store are becoming increasingly hard to come by, which is bad news at a time when consumers are already dealing with record high prices on food. Deals like buy one, get one free are becoming scarce as food producers and supermarkets grapple with rising prices. Traditionally, food producers have supported retailers […]
09/23/2022
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By Cassie B.
South Korea requests Interpol red notice in search for disgraced crypto developer Do Kwon
The co-founder of the stablecoin TerraUSD, Do Kwon, is officially a wanted man in his native South Korea. Last week, a court there issued an arrest warrant for him, and prosecutors say he’s wanted for violations of capital markets law. Kwon’s company, Terraform Labs, is behind the algorithmic stablecoin as well as its sister cryptocurrency, […]
09/09/2022
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By Cassie B.
$258 billion Dogecoin racketeering lawsuit filed against Elon Musk has expanded – massive crypto pump and dump scheme alleged
A high-profile racketeering lawsuit filed against Elon Musk accusing the Tesla CEO of running a pyramid scheme involving the cryptocurrency Dogecoin has now expanded. An amended complaint that was filed this week in a Manhattan federal court saw seven new investor plaintiffs added to the suit as well as six new defendants. The lawsuit maintains […]
08/26/2022
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By Cassie B.
Sellers dropping home prices in droves as real estate market cools
Some American cities saw as much as 70 percent of home sellers dropping their asking prices in July as the housing market continues to cool and buyers back out of the market. According to data from Redfin, Boise, Idaho, topped the list of 97 metros when it comes to price drops at 70 percent, while […]
08/18/2022
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By Cassie B.
Crypto ad spending down 99.9% since February as industry meltdown continues
Anyone who has watched sports on TV in the past year can attest to the prevalence of cryptocurrency ads, but things have changed dramatically in the past few months as the crypto industry experiences significant turmoil. Sports and crypto are closely linked, with the Morning Consult reporting that sports fans are twice as likely as […]
08/16/2022
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By Cassie B.
CRYPTO CON: Disgraced Three Arrows Capital crypto hedge fund co-founders have a long history of questionable activities
The bankrupt crypto hedge fund Three Arrows Capital, which is being blamed for plunging a number of cryptocurrency companies into bankruptcy and accused of unethical and possibly criminal behavior, showed plenty of signs of poor management long before its spectacular collapse. In fact, its two 35-year-old co-founders, Su Zhu and Kyle Davies, who are now […]
08/15/2022
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By Cassie B.
Russia’s current-account surplus triples, but GDP is dropping
Russia’s current-account surplus has more than tripled over last year after hitting record levels during the Ukraine invasion. The current-account surplus, which refers to the positive current account balances a country possesses, is considered the broadest measurement of investment and trade flows as it indicates they have more exports than imports of goods and services. […]
08/05/2022
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By Cassie B.
More Americans are living paycheck to paycheck as inflation persists
A recent report shows that almost two thirds of Americans are now living paycheck to paycheck, with even the nation’s top earners being stretched thin thanks to rising inflation and increased costs. The new LendingClub report found that as of June, 61 percent of Americans are now living paycheck to paycheck, up from the 58 […]
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