marketcrash
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News & Articles By Cassie B.
01/28/2025
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By Cassie B.
DeepSeek’s AI model ignites market panic, Nvidia suffers record loss
Chinese AI startup DeepSeek’s free chatbot surpasses ChatGPT in Apple’s app store, triggering a major U.S. tech stock sell-off. Nvidia experiences a record one-day market-cap loss of nearly $593 billion, leading the tech-heavy Nasdaq Composite Index to fall 3.1%. DeepSeek’s R1 model, cheaper and more efficient than rivals, sparks debate about the sustainability of AI […]
01/17/2025
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By Cassie B.
AI to replace millions of jobs by 2030, WEF report warns
AI could replace millions of jobs by 2030, with 41% of companies planning workforce reductions due to automation. Creative and knowledge-based roles, including graphic design and legal secretarial work, are increasingly at risk from AI advancements. While 77% of businesses aim to reskill employees, AI’s rapid growth threatens to widen economic inequality and fuel social […]
01/07/2025
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By Cassie B.
Indonesia joins BRICS in a growing challenge to Western dominance
Indonesia officially joins BRICS, strengthening the bloc’s role as a counterweight to Western dominance. BRICS now represents nearly half the global population and over a third of global GDP. The group aims to reduce reliance on the U.S. dollar, challenging American economic hegemony. Over two dozen nations, including Turkey and Saudi Arabia, have expressed interest […]
01/03/2025
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By Cassie B.
Cocoa’s sweet victory: Beating Bitcoin to the top in 2024
Cocoa has outperformed Bitcoin in 2024 to become the best-performing commodity. Weather disruptions and soil degradation in West Africa are driving up cocoa prices. Global cocoa supply deficits have risen to their highest levels in 60 years. Experts predict cocoa prices will remain high in 2025 due to ongoing supply issues. Major chocolate brands are […]
12/05/2024
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By Cassie B.
U.S. pension systems are on the verge of debt collapse
Pension systems throughout the U.S. are falling deeper into what experts term “pension debt paralysis,” even in the face of record-setting contributions from state and local governments. The city of Milwaukee was recently given a grade of D by Truth in Accounting for its financial position due to its pension system’s huge net liability of […]
11/21/2024
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By Cassie B.
Target posts huge earnings miss ahead of holiday season as consumers struggle with high prices
Big box retailer Target saw its shares drop 20% to reach a 52-week low after cutting its forecast and posting its most dramatic earnings miss in two years ahead of the holiday season. The bad news comes despite the store reducing prices on thousands of goods and competitor Walmart beating expectations. Target announced on Wednesday […]
11/17/2024
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By Cassie B.
Fed pulls half of credit available from BTFP, engineering a potential banking crash to be thrown in Trump’s lap
The Fed’s latest move has some observers warning that we could be about to experience another crash. X user @FinanceLancelot cautioned: “The Federal Reserve’s emergency BTFP dropped by a shocking $30 billion this week, leaving only $26 billion left.” “Jerome Powell is pulling the liquidity rug away to trigger a crisis, exactly like Feb 2020,” […]
10/28/2024
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By Cassie B.
Russia rolling out blockchain payments in BRICS to move away from dollar
Russia is making another push to its fellow BRICS nations to move away from the U.S. dollar. BRICS is rapidly growing, expanding from the original nations that help form its name of Brazil, Russia, India, China, and South Africa to encompass 10 countries, adding Egypt, Ethiopia, Iran, Saudi Arabia and United Arab Emirates to its […]
10/18/2024
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By Cassie B.
Desperate lab-grown meat industry claims it needs government subsidies to survive
Lab-grown meat is proving to be a spectacular failure, and producers are becoming so desperate that many are pushing for a public subsidy to stay afloat. Preliminary data from the venture capital firm AgFunder shows that funding in the lab meats sector fell by 78% in 2023 to reach $177 million, down from $807 million […]
10/14/2024
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By Cassie B.
Consumer Price Index rises more than expected as Americans pay more for everything amid ongoing inflation
The latest Consumer Price Index report has just been released, and it showed a higher rise than expected, marking the 52nd straight month of core consumer price rises on a month-over-month basis. The 2.4% increase recorded in September on an annual basis was slightly higher than the 2.3% that was forecast for the index, which […]
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