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News & Articles By Cassie B.
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 […]
08/03/2022
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By Cassie B.
Home prices dropped at a record pace in June amid rising inflation and mortgage rates
Home prices are cooling in the U.S. thanks to a sharp drop in housing demand in June spurred by rising inflation and mortgage rates. Although home prices remain higher than they were one year ago, gains slowed down at the fastest pace seen since this metric was first recorded in the 1970s. The ongoing imbalance […]
07/24/2022
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By Cassie B.
Former Coinbase manager facing charges in first crypto insider trading case
The U.S. Attorney’s Office for the Southern District of New York announced that three people have been charged in the first cryptocurrency insider trading tipping case in the nation. A former product manager at cryptocurrency exchange platform Coinbase, Ishan Wahi, along with his brother, Nikhil Wahi and friend Sameer Ramani have been charged with wire […]
06/27/2022
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By Cassie B.
Vast majority of cryptocurrencies dropped more than 90% in recent crash
Cryptocurrencies have long been known for their volatility, but their fall in recent months has been particularly sharp, with many individual digital tokens hitting their lowest marks in two years. Overall, the sector has seen a loss of nearly $2 trillion in value since the latter part of last year. Price data compiled by CoinGoLive […]
05/24/2022
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By Cassie B.
Subprime borrowers are increasingly missing credit card and loan payments in the face of record inflation
America’s healthiest consumer lending environment on record appears to be coming to a close as consumers with low credit scores are falling behind on their payments for personal loans, credit cards and car loans in droves. The credit reporting firm Equifax reports that the share of subprime credit cards and personal loans whose payments are […]
03/25/2022
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By Cassie B.
INFLATION NATION: Record-high meat prices in the U.S. unlikely to recede, experts warn
Meat prices are expected to remain high in the U.S. for the foreseeable future, with one meat exec warning that strong demand paired with higher costs will keep consumers digging deep into their wallets to put beef on the table. The chief executive of the U.S. division of the world’s biggest meat producer, Brazil’s JBS […]
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