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News & Articles By Belle Carter
12/26/2022
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By Belle Carter
Housing collapse: Home sales drop for a record 10th straight month
The National Association of Realtors (NAR) reported on December 21 that existing-home sales fell for the 10th straight month in November as the Federal Reserve keeps raising interest rates. The report included the sales of previously owned homes, indicating a decline of 7.7 percent in November from the previous month to a seasonally adjusted annual rate […]
12/22/2022
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By Belle Carter
Comex: Silver is being drained from the vaults since the start of 2022
The current trends from Comex, the global derivatives market that allows trading in futures contracts of gold and silver, show that silver is being drained from the vaults since the start of the year. New York-based precious metals dealer SchiffGold wrote on its website that the drainage since the start of the year has been […]
12/19/2022
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By Belle Carter
Used car prices drop 14.2% due to influx of new cars, higher borrowing costs
User car prices this year are down 14.2 percent compared to 2021, according to the Used Vehicle Value Index by the car auction company Manheim. This is the largest used car price dive ever based on the firm’s data. According to auto service organization Cox Automotive, the continued hike in borrowing rates and the influx […]
12/07/2022
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By Belle Carter
Amazon to fire 20,000 employees – the largest staff reduction in company’s history
People with knowledge of the matter have confirmed that multinational e-commerce and tech giant Amazon will be laying off 20,000 of its employees, including top managers, data scientists, software engineers and other corporate workers. This represents the largest staff reduction in the company’s history. The latest update from sources, who requested anonymity because they were […]
12/06/2022
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By Belle Carter
Corporate America fires 13% of workforce, creates fewer jobs amid recession fears
Giant companies in the U.S. resorted to mass layoffs in preparation for an eventual economic recession. Moreover, they were also slow to hire and create jobs over the past few months. In October alone, 13 percent of employees were laid off – the highest jump since February 2021. Job creation and hiring also slowed down […]
11/30/2022
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By Belle Carter
Companies no longer require college degree for some higher-paying jobs, preferring more extensive work experience instead
Some major players in the industry are taking out the college degree requirement for many high-paying jobs amid the tightening of the labor market. The Wall Street Journal reported that Alphabet Inc.’s Google, Delta Air Lines Inc. and International Business Machines (IBM) Corp. have lowered the educational attainment required for some positions. The big companies leaned toward hiring […]
11/24/2022
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By Belle Carter
PLUMMET: Maritime, rail and trucking demand DROPS sharply from pandemic era peak
Container imports, rail intermodal shipments and truckload demand have dropped sharply from their lofty peaks during the Wuhan coronavirus (COVID-19) pandemic era. The Inbound Ocean TEUs Index (IOTI), which measures container import bookings, is currently just six percent higher than in November 2019, after averaging 80 percent above pre-pandemic levels through most of 2021. Loaded […]
11/23/2022
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By Belle Carter
Japan’s central bank won’t hike interest rates amid highest inflation in 40 years
The Bank of Japan (BOJ) said it would not raise interest rates amid the Land of the Rising Sun’s 40-year-high inflation, insisting on an easy monetary policy. Reuters reported that the nationwide core consumer price index in Japan went up by 3.6 percent compared to a year earlier. It also marked the highest surge since […]
11/22/2022
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By Belle Carter
Shoppers burdened by inflation are turning to discount supermarkets Walmart and Dollar General
Discount stores such as Walmart, Dollar General and others are seeing a rise in “wealthier” shoppers, as more and more Americans beset by inflation turn to budget retailers. According to the Daily Mail, the Jeff Bezos-owned Whole Foods offers bread at $4.79 and milk at $8.99. Walmart and Dollar General sell both food items at way lower […]
11/21/2022
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By Belle Carter
Disney is on the verge of financial collapse, leaked memo reveals
The multinational mass media and entertainment conglomerate Walt Disney is traipsing on the edge and is about to fall into the dark pit of financial collapse, according to CEO Bob Chapek’s memo to his top executives. According to the leaked memorandum, Disney has over $1.4 billion in operating losses for its streaming segment for the quarter […]
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