marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
recession
04/07/2023
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By Arsenio Toledo
Recession fears surge as new job creation slows down, jobless claims rise
Investors are once again concerned that the economy of the United States could dip far enough into a recession as recent jobs data shows a slowdown in new job creation and an increase in jobless claims. According to the Department of Labor‘s report, job openings slipped to 9.9 million in February, the lowest since May 2021. This is […]
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 […]
04/07/2023
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By Ethan Huff
Walmart cuts another 2,000 warehouse jobs following retail store closure announcement
Five of Walmart’s e-commerce warehouses are slated to lose another 2,000 jobs, the company announced this week. More than 1,000 people will be let go from a warehouse in Fort Worth, Tex., as will 600 people at a Pennsylvania fulfillment center; 40 people at a Florida warehouse; and 200 people in New Jersey, regulatory filings […]
04/06/2023
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By News Editors
Trifecta of inflation, recession, and banking insolvency leading to a ‘doom loop’: Economist
Decades-high persistent inflation combined with increasing risks of an economic recession and an imminent insolvency crisis in the banking sector have resulted in a “trilemma” facing central banks, including the U.S. Federal Reserve, warns top economist Nouriel Roubini. (Article by Naveen Athrappully republished from TheEpochTimes.com) “Unable to fight inflation and provide liquidity support simultaneously, the […]
04/05/2023
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By Ethan Huff
McDonald’s “temporarily” shuts down U.S. offices, announces impending layoffs
The world’s most well-known fast-food chain is closing its doors, at least temporarily, while it sizes up which corporate employees will get axed in the coming days. That fast-food chain is McDonald’s, which like many other American corporations is having to trim its human resources amid a collapsing economy. According to reports, McDonald’s is engaging […]
03/21/2023
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By JD Heyes
Global markets continue to slide as Swiss bank giant Credit Suisse loses more than 60 percent of its value after UBS buys it
Another massive bank — and bank bailout — has occurred as the global financial crisis that began (where else?) in the United States earlier this month continues to spread. On Monday, global stock markets experienced a sharp decline following the announcement by Swiss authorities that troubled Credit Suisse would be taken over by UBS Group. […]
03/15/2023
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By News Editors
The collapse of SVB portends real dangers
Thus far in this three-year fiasco of mismanagement and corruption, we’ve avoided a financial crisis. That’s for specific reasons. We just had not traveled there in the trajectory of the inevitable. Are we there yet? Maybe. In any case, the speed of change is accelerating. All we await is to observe the extent of the […]
03/14/2023
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By Arsenio Toledo
SHUTTING DOWN: General Motors offers buyout to 35k salaried workers in Michigan in an attempt to reach $2B in cost savings
The majority of General Motors’ salaried workers were offered voluntary buyouts as the automotive company struggles to cut $2 billion from its costs. GM has approximately 58,000 salaried employees in the United States, around 60 percent of whom work in Michigan across 25 facilities and offices in the state, including GM’s global headquarters at the […]
03/13/2023
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By Arsenio Toledo
Jobless claims soar to five-month high as recession signals blare
Signs of a recession are once again blaring as the number of Americans filing new claims for unemployment benefits increased by the biggest margin in five months. Initial weekly claims for state unemployment benefits rose by 21,000 to a seasonally adjusted 211,000 for the week that ended on March 4. This is the largest recorded […]
03/13/2023
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By Ramon Tomey
115-year-old paper mill in North Carolina set to shut down operations for good
A North Carolina paper mill that has been in operation for more than a century will soon close down, devastating workers and local officials. Officials of food packaging company Pactiv Evergreen unexpectedly announced the closure of its Canton, North Carolina paper mill. The said mill, which has been operating since 1908, will be closed in […]
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