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News & Articles By Cassie B.
09/25/2025
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By Cassie B.
New-home sales surge 20% in August, defying high mortgage rates
New-home sales surged 20.5 percent in August, the fastest pace since early 2022, far exceeding economists’ expectations. Homebuilders’ aggressive price cuts and incentives, including rate buydowns, successfully lured buyers back into the market. Sales jumped across all regions, with the Northeast seeing a 72.2 percent increase and the South rising 24.7 percent. Unsold inventory dropped […]
09/08/2025
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By Cassie B.
South Korea slams U.S. after ICE raid targets Korean workers at Hyundai plant weeks after trade deal
ICE conducts largest-ever raid at a Georgia Hyundai plant, detaining 475 mostly South Korean workers for visa violations just weeks after a $350 billion U.S.-Korea trade deal. South Korea condemns the operation as unjust, demands worker releases, and threatens diplomatic retaliation including visa policy changes. Trump defends ICE’s actions, calling detained workers illegal aliens, while […]
09/04/2025
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By Cassie B.
Big Oil’s retreat from renewables accelerates as Shell scraps $1B Rotterdam biofuel project
Shell abandons its flagship Rotterdam biofuel plant, admitting green energy is unprofitable and unworkable at scale. The company joins BP and others in retreating from renewables, prioritizing fossil fuels as climate targets are quietly weakened. Biofuels, once hailed as the future, collapse under market reality, proving dependent on subsidies and mandates to survive. Cheap Chinese […]
08/29/2025
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By Cassie B.
Japan’s green energy fantasy collapses as Mitsubishi abandons $1.7B wind projects
Mitsubishi abandons three massive offshore wind projects in Japan due to financial collapse from inflation, supply chain chaos, and soaring costs. The global green energy industry is failing as companies admit renewable projects were never economically viable without massive subsidies. Japan’s push for offshore wind ignores harsh natural conditions, deep seabeds, and typhoons, making turbines […]
08/15/2025
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By Cassie B.
Las Vegas foreclosures spike 32% as tourism slumps, Trump tariffs hammer Sin City’s economy
Las Vegas faces an economic crisis with foreclosures in Clark County surging 32% in June, signaling distress in a tourism-dependent city. High interest rates, global uncertainty, and a 20% drop in Canadian tourism due to political tensions are crippling Vegas’ economy. Service workers report tips halved as visitor numbers decline, with hotel occupancy and midweek […]
08/14/2025
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By Cassie B.
Federal debt hits $37 trillion as Trump’s spending spree outpaces tariff revenue
The U.S. posted a $291 billion deficit in July, the highest for that month in four years, with spending nearing pandemic-era levels despite no national emergency. Tariff revenues of $21 billion in July failed to offset the deficit, and projections show they won’t cover the $4.1 trillion debt added by Trump’s policies. Interest payments consumed […]
08/12/2025
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By Cassie B.
Trump extends China tariff truce by 90 days, averting economic crisis and boosting markets
President Trump extended the U.S.-China tariff truce by 90 days, avoiding a surge in import taxes that would have severely impacted consumers and businesses. Asian markets rallied on the news, with Japan’s Nikkei 225 hitting record highs, but uncertainty remains as long-term trade tensions persist. Without the extension, tariffs would have spiked to 145% for […]
07/28/2025
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By Cassie B.
U.S. and China near trade deal as Stockholm talks aim to avert August tariff spike
U.S. and China face a critical July 28 meeting in Stockholm to finalize a trade deal before August 12 tariffs spike, risking frozen trade between the world’s top economies. Trump claims the nations are “very close to a deal,” but experts warn against trusting China due to its history of broken promises and economic coercion. […]
07/16/2025
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By Cassie B.
Nvidia wins U.S. approval to sell AI chips to China after Trump administration reverses ban
The Trump administration reversed its policy, allowing Nvidia to sell AI chips to China after intense lobbying and a meeting between CEO Jensen Huang and President Trump. Nvidia secured U.S. approval to sell its H20 AI chips to China, with Chinese firms like ByteDance and Tencent rushing to place orders, potentially boosting Nvidia’s revenue by […]
07/09/2025
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By Cassie B.
Trump threatens 200% tariffs on pharmaceutical imports, warns companies to bring manufacturing back to U.S.
Trump threatens 200% tariffs on imported drugs unless pharmaceutical firms bring manufacturing back to the U.S. Critics warn the move could spike drug prices and cause shortages, especially for generics reliant on overseas production. Trump grants a 1-2 year grace period, but experts say reshoring drug production could take much longer, risking supply chain instability. […]
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