marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
market crash
02/10/2023
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By Cassie B.
Google shares lose $100 billion after new AI chatbot gives an incorrect answer in demo
Shares in Alphabet, the parent company of Google, fell by 7.7 percent on Wednesday, causing it to lose a remarkable $100 billion from its market value after its new AI chatbot gave an inaccurate response to a question in a public demo this week. Google’s new AI chatbot tool, which is known as Bard, has […]
02/10/2023
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By Ramon Tomey
Get woke, go broke: Disney to fire 7,000 employees after rolling out disgusting movies aimed at indoctrinating children into LGBT cult
The Walt Disney Company said it will lay off 7,000 employees as it seeks to recover losses caused by its pivot toward wokeism. Disney CEO Bob Iger announced the layoffs during a Feb. 8 earnings call, alongside a mass restructuring plan. While most of the 7,000 employees to be terminated are part of the DMED, […]
02/10/2023
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By Arsenio Toledo
China is replacing its US Treasury holdings with GOLD
China is accelerating its selling of United States Treasury securities and replacing its holdings with more gold. Since 2008, the communist nation has been one of the largest foreign holders of U.S. Treasuries. It started selling off its U.S. Treasuries slowly in 2018, right around the same time when the country started buying more gold. […]
02/10/2023
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By News Editors
Americans tell CEOs: Drop the ‘woke’ and get back to business
As companies gear up for an economic downturn, cutting costs and staff, CEOs might want to heed the rising voice of consumers who want them to focus on business rather than politics. (Article by Kevin Stocklin republished from TheEpochTimes.com) According to a poll this week of more than 1,000 likely voters by the Trafalgar Group […]
02/10/2023
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By Belle Carter
Amazon, DHL reduce cargo flights as consumer demand weakens
The Air Transport Services Group (ATSG) announced earlier this week that two of its major partners – technology and retail giant Amazon and logistics firm DHL Express – are reducing flight schedules for their contracted fleets in response to weaker e-commerce demand. ATSG provides aircraft leasing and outsourced transportation services for cargo customers. While it issued an outlook for […]
02/09/2023
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By JD Heyes
REALITY CHECK: Amateur investors learn the hard way as they lose it all in the post-pandemic world
Scores of people who thought they would take advantage of a volatile stock market as the COVID-19 pandemic began in earnest have learned a hard lesson after losing most or all of their fortunes thanks to bad luck, bad habits and/or over-leveraging their positions. One of them is amateur trader Omar Ghias, who managed to amass […]
02/09/2023
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By Belle Carter
SUPPLY CHAIN SILLINESS: Biden to slap 200% tariff on Russian aluminum to “commemorate” Ukraine invasion anniversary
President Joe Biden is planning to slap a 200 percent tariff on Russian-made aluminum soon. This is to ramp up the pressure on Moscow over its war in Ukraine as the anniversary of the invasion nears. “It’s something we are considering,” a U.S. official said, but noted that the announcement about any tariff increase is not […]
02/08/2023
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By JD Heyes
Biden set to implement 200% tariff on Russian aluminum, which will worsen U.S. inflation
During his State of the Union Address on Tuesday, Joe Biden tried to claim that his economy was a success by lying about job ‘creation’ and downplaying inflation — though the latter would not even be a problem were it not for his economic policies and those of Democrats in Congress. At the height of […]
02/08/2023
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By Roy Green
Russia boosts gold stock to cushion impact of US, EU sanctions
Russia went on a gold-buying spree last year out of necessity. It wants to cushion the full impact of the trade and economic sanctions imposed by the United States and the European Union (EU) nations following its invasion of Ukraine on February 24, 2022. According to Finance Ministry data obtained by Reuters on Feb. 3, […]
02/08/2023
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By Belle Carter
Beleaguered Western commodities buyers rely on China’s refined lead, zinc
China became a net exporter of zinc and lead for 2022, which led to analysts pointing out that the communist nation “came to the rescue” of beleaguered Western buyers for both metals. According to Reuters, China exported 116,500 tons of refined lead last year – the highest outflow volume since 2007. It also marked a […]
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