marketcrash
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business
10/16/2020
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By News Editors
How we institutionalized incompetence
And so we face the ultimate irony: ‘bailing-out-everything’ destroys the entire rotten system. (Article republished from CharlesHughSmith.Blogspot.com) You’ve probably noticed things no longer work as well as they once did. For example, the store’s online inventory says something is in stock and when you get to the store, it’s not on the shelf. A small issue, […]
07/07/2020
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By Franz Walker
Pizza Hut’s largest American franchisee files for bankruptcy due to coronavirus
NPC International Inc., the largest franchisee of Pizza Hut stores in the U.S., has filed for bankruptcy in the aftermath of shutdowns due to the Wuhan coronavirus. According to court papers, the company, which operates 1,227 Pizza Hut and 393 Wendy’s stores across the U.S., sought Chapter 11 protection in the Southern District of Texas court on […]
03/27/2020
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By JD Heyes
Massive wave of business defaults coming as some 47,000 retailers across country close and stop paying rent
A tsunami of business defaults is already on the way thanks to mass closures of retailers around the country due to the Wuhan coronavirus outbreak. And what’s bad is that the virus is only going to rapidly accelerate what was already occurring: The demise of the brick-and-mortar businesses that saw their market share collapse thanks […]
02/29/2020
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By Ralph Flores
COVID-19 fears send global markets into a tailspin, U.S. stock market closes its worst week in 10 years
The U.S. stock market capped its worst week since the 2008 financial crisis on Friday, with all major stock indexes tanking over worries that COVID-19 could potentially end one of the longest economic expansions in history and send the global economy into recession. The CDC reports 15 confirmed COVID-19 cases in the U.S., as well […]
02/09/2020
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By JD Heyes
China FLOODING the markets with liquidity to counter any loss of faith stemming from the coronavirus pandemic and a looming supply chain catastrophe
By week’s end, there were still more signs that China is having great difficulty controlling the spread of the coronavirus — so much so that the country’s Communist leaders have begun taking drastic measures to keep their economy, and that of most of the world, from collapsing. First, Chinese leaders extended the country’s Lunar New […]
12/11/2019
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By News Editors
“We totally failed as a business”: Unicorn scooter impales investors after company goes hooves-up
It was a stupid idea at a terrible time; startup company Unicorn thought they could convince people to spend $699 on an electric scooter – as opposed to simply paying a few bucks each time they use one of the ubiquitous e-scooters littering cities across the country. (Article by Tyler Durden republished from ZeroHedge.com) After […]
10/25/2018
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By JD Heyes
Is China’s stock market on the verge of imploding?
For months there have been reports off and on about how fragile the Chinese economy really is. While a lot of “establishment” media reporting has focused on criticizing POTUS Donald Trump for his imposition of tariffs on some $250 billion worth of Chinese imports – because, you know, the president is stupid and has no idea […]
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