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News & Articles By Cassie B.
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 […]
03/17/2022
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By Cassie B.
US move against Russian gold reserves may signal impending monetary reset
Could a monetary reset be on the horizon amid the backdrop of Russia’s invasion of the Ukraine? Recent comments made by Federal Reserve Chairman Jerome Powell, combined with Western threats against Russia’s gold reserves, are bringing this possibility into the spotlight. When Powell stated that “It’s possible to have more than one reserve currency,” it […]
03/16/2022
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By Cassie B.
Price increases are hitting farmers hard across the US and the world
Russia’s attack on Ukraine is having economic effects throughout the world, but farmers are among the parties being hardest hit by price increases as a result of the ongoing conflict. The invasion comes as inflation and supply chain issues were already making life difficult for farmers. The president of the Indiana Farm Bureau, Randy Kron, […]
03/16/2022
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By Cassie B.
Europe faces sunflower oil shortage as Russian attacks on Ukraine continue to disrupt food supply
The war in Ukraine is already having a noticeable effect on the food supply in Europe, with store shelves in some countries stripped bare of popular Ukrainian exports like sunflower oil and concerns growing about the future availability of wheat. EU refineries source as much as 45 percent of their sunflower oil from Ukraine, and […]
03/04/2022
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By Cassie B.
Energy markets in turmoil as European gas climbs 60%
Commodity markets have been experiencing a huge upheaval thanks to President Vladimir Putin’s invasion of Ukraine, with European natural gas rising by as much as 60 percent on Wednesday as Russia’s descent into a commercial pariah continues. Dutch gas, the European benchmark, climbed to a record high of nearly 195 Euros per megawatt-hour at one […]
03/02/2022
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By Cassie B.
Russian authorities arrest anti-war protesters as citizens fear economic collapse
Protests have been taking place in Russia since Thursday as people take to the streets to voice their opposition to President Vladimir Putin’s military invasion of Ukraine. Anti-war protesters are turning out in the thousands at cities throughout the country, including their capital, Moscow. Videos on social media show huge crowds of Russian citizens taking […]
02/14/2022
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By Cassie B.
Port of Long Beach still not operating 24/7, despite Biden’s promise
Back in October, President Biden promised that the crucial American cargo facility at the port of Long Beach would shift to an around-the-clock schedule to help with the backlog of cargo ships that is wreaking havoc on supply chains. However, the port’s executive director, Mario Cordero, revealed this week that this still has not come […]
01/26/2022
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By Cassie B.
Survey finds most global CEOs expect inflation to last through 2023 and beyond
Inflation is a top concern for many CEOs around the world right now, and many of them say they believe it is unlikely to go away anytime soon. In Conference Board’s C-Suite Outlook 2022 report, inflation was the second greatest business concern reported by global business leaders who were polled, coming in behind COVID-19 disruptions. […]
12/23/2021
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By Cassie B.
U.S. inflation tops OECD countries as Biden’s economic ratings plummet
In another sign that the economy’s downward spiral is incredibly serious, recent data shows that the U.S. economy noted the highest level of inflation this year among the 38 countries in the Organization for Economic Cooperation and Development, or OECD. America’s Consumer Price Index annual growth rate of 6.2 percent in the 12 months that […]
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