Economy
Breaking Records: Uncovering the Marked Increase in Credit Card Balances
The U.S. Consumer Financial Protection Bureau (CFPB) recently released its 2020 Consumer Credit Card Market Report, which shows that consumer credit card balances had spiked in the third quarter to a record-breaking $1.08 trillion. This figure marks an 11% increase,…
? “What’s in Store for Sam Bankman-Fried & the FTX Team?
Sam Bankman-Fried has become a very well-known name in the cryptocurrency and blockchain industry. The founder and CEO of FTX, a cryptocurrency derivatives platform, has quickly established himself as one of the most influential figures in the world of digital…
“U.S. Employment on the Rise Despite Lower-Than-Expected Payroll Gains in October
The latest payroll numbers released by the U.S. Department of Labor show that while employment increased by 150,000 jobs in October, the figure is lower than anticipated. This marks the second consecutive month of employment growth that has fallen short…
“Crypto Kingpin Bankman-Fried Unmasked: Found Guilty on All Accounts in Fraud Trial
Sam Bankman-Fried Found Guilty On All Counts At Fraud Trial Over Crypto Exchange In a stunning reversal, Sam Bankman-Fried, founder of popular cryptocurrency exchange FTX, has been found guilty on all counts in a fraud trial related to launching a…
“Billion-Dollar Verdict: A Risky Wait For Homebuyers and Sellers?
As real estate markets nationwide stand on the brink of a monumental billion-dollar verdict, potential buyers and sellers of property can’t help but be nervous. The massive suit, Zillow Group, Inc versus the Justice Department, could have sweeping effects on…
Revamped Title: A Slower Hiring Pace – Could it be the Economy’s Cure?
The hiring slowdown of 2020 has been a concern for many economists, but it might be just what the economy needs. Across the country, employers are seeing a decrease in hiring, and while some are laying people off, others are…
“Starbucks Set to Sprout 17,000 New Locations by 2030!
Starbucks recently unveiled a stunning plan to add 17,000 new locations over the next decade. This global expansion, reportedly expected to reach more than one-third of the company’s total existing locations, will be primarily focused on areas within the United…
“Sam Bankman-Fried Confronted with Crime of His Own Words in Fraud Trial
As the celebrity computer scientist and former hedge fund manager, Sam Bankman-Fried, navigates his new role as the CEO of FTX, he is now facing criminal fraud charges in a court of law. The allegations against him involve a commission-free…
‘Pharmageddon’: Closure Looms as Protest Grows!
The death of independent pharmacies across America is making headlines as Pharmageddon continues to unfold. Drug prices continue to climb, pharmacy closures are on the rise, and pharmacies are increasingly becoming corporate-owned. This could lead to countless independent pharmacies closing…
“No Change Ahead: The Federal Reserve Keeps Interest Rates Steady
The Federal Reserve has decided to keep interest rates steady, even as economic activity starts to pick up across the country. The central bank’s decision, announced on Wednesday, follows a streak of favorable economic data, indicating the US economy is…