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News & Articles By Belle Carter
04/16/2023
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By Belle Carter
PULLING THE PLUG: Bank of America clients withdraw $2.3B from US securities, bank strategist says
Bank strategist Jill Carey Hall said in a note Tuesday, April 11, that Bank of America (BofA) clients sold around $2.3 billion in U.S. equities of all sizes last week, despite the relative quiet in the stock market. BofA financial analysts led by Hall indicated that that was the second consecutive week of outflows, but they […]
04/14/2023
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By Belle Carter
Driving on an empty tank: Florida trucking company files for bankruptcy as transportation demand plummets
Florida-based trucking company Makena Express filed for Chapter 11 bankruptcy protections as the impact of the Wuhan coronavirus (COVID-19) pandemic continues to wreck the state’s economy. Makena Trading Corp. of Pembroke Pines, Florida, doing business as Makena Express, filed its bankruptcy petition with the U.S. Bankruptcy Court of the Southern District of Florida on Monday, April […]
04/14/2023
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By Belle Carter
Walmart to close four “unprofitable” stores in Chicago as America’s economic decline accelerates
Retail giant Walmart announced that it would close four of its eight stores in Chicago, claiming that the four locations were “unprofitable.” The four stores located in the Kenwood, Lakeview, Little Village and Chatham neighborhoods will close on April 16, although their pharmacies will remain open for up to 30 days. In a statement, the […]
04/14/2023
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By Belle Carter
Report: Russia SLASHED oil output in March in response to Western sanctions, price cap
Russia announced in March that it reduced its oil output in response to sanctions and a price cap on its petroleum imposed by the West. The announcement came from the Russian Ministry of Energy, which added that the oil cut for March amounted to 700,000 barrels per day (bpd). It was 40 percent larger than the […]
04/11/2023
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By Belle Carter
Dockworkers at Southern California ports have been working without contracts since July
Dockworkers at the Los Angeles and Long Beach ports returned to their posts on Friday night, April 7, ending a 24-hour shutdown over contract negotiations. The said workers have been working without contracts since last summer. They have been kept on the job by the International Longshore and Warehouse Union (ILWU), which signed a “no stoppages” promise with […]
04/10/2023
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By Belle Carter
JPMorgan strategist warns: Stocks are in “calm before the storm” phase
Executives at financial giant JPMorgan Chase recently warned of the looming financial crisis as reflected in stocks and the banking crisis. Marko Kolanovic, a strategist for the company, said the U.S. economy’s slowing growth could send stock back to their 2022 lows. He added that a risk-on mood fueling 2023 equities is likely to falter […]
04/07/2023
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By Belle Carter
Renowned economist Nouriel Roubini: Trifecta of inflation, recession and banking system collapse driving America into a DOOM LOOP
An esteemed professor and economist pointed out that persistent inflation, the impending economic recession and an imminent insolvency crisis in the banking sector is leading the U.S. into a “doom loop.” Nouriel Roubini, an erstwhile economic advisor to the Clinton administration, outlined his findings in a March 30 commentary titled “The Coming Doom Loop.” His […]
04/04/2023
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By Belle Carter
Top 25 US banks lose $89.7B after withdrawals surge following collapse of SVB and Signature Bank
The United States major banks recently encountered a surge in withdrawals as depositors become increasingly scared of the banking industry’s volatility following the controversial collapse of small- to medium-scale banks, such as the Silicon Valley Bank (SVB) and Signature Bank. According to a report by the Epoch Times, the top 25 U.S. banks lost $89.7 […]
03/30/2023
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By Belle Carter
Big Government, Big Business colluding to CRUSH smaller competitors
ShelfAware CEO Andrew Johnson denounced both Big Government and Big Business for colluding to crush small businesses through regulations and taxes. “We have this corrupt capitalistic system at this point,” he told “Conversations that Matter” host Alex Newman. “It’s gotten so corrupt with our political landscape that they’re making choices to benefit the Big Money and […]
03/29/2023
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By Belle Carter
Mike Adams: Force majeure could be unleashed as part of the engineered Great Reset
Back in September last year, the Health Ranger Mike Adams put forward a scenario in which things could end in a global force majeure. This is slowly taking shape now as financial institutions start to crumble. Finance website Investopedia defines force majeure as a clause included in contracts that takes out liability for unforeseeable and […]
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