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News & Articles By Franz Walker
10/22/2020
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By Franz Walker
Robinhood users accounts hacked, looted
On Friday, Oct. 9, fintech startup Robinhood Markets announced that some of its customers might have been targetted by hackers. According to a company spokesperson, the issue did not come from a breach in its systems, but users’ personal accounts being compromised outside its platform. Robinhood, which has helped popularize trading among millennials thanks to its “zero-cost” […]
10/19/2020
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By Franz Walker
Regal Cinemas suspending operations due to the coronavirus lockdowns
America’s second-largest cinema chain is closing all of its locations nationwide after having reopened in August. The closure comes after a cascade of postponements of big-budget Hollywood films due to the ongoing Wuhan coronavirus (COVID-19) pandemic. Regal Cinemas announced that they will be suspending operations at their more than 500 locations on Thursday, Oct. 8. The suspension comes […]
10/16/2020
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By Franz Walker
Coronavirus threatening jobs as hospitality industry turns to automation
Jobs in the hospitality industry will be the hardest hit as businesses increasingly turn to automation in the face of the Wuhan coronavirus (COVID-19) pandemic. The prediction came from a study by the Royal Society for Arts, Manufactures and Commerce (RSA). Researchers from the London-based think tank found that the ongoing pandemic is increasing the demand […]
10/13/2020
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By Franz Walker
Coronavirus lockdowns causing jump in suicides among middle-class workers in India
The ongoing Wuhan coronavirus (COVID-19) pandemic and the measures to slow its spread are taking a serious mental toll on people around the world. In India, suicides among professionals are on the rise as the pandemic has forced companies to cut jobs, exacerbating what has been a growing problem for the country. Even before the […]
10/01/2020
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By Franz Walker
Consumer confidence in US economy grows as unemployment, coronavirus caseloads shrink
As the labor market continues to improve and the summer coronavirus surge recedes, American consumers are growing more optimistic about the state of the U.S. economy. This is according to recent surveys conducted in September. The surveys were conducted by the Conference Board, a non-profit private research group that counts over 1,000 public and private […]
09/23/2020
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By Franz Walker
BLOWOUT: Coronavirus relief spending will cause federal debt to increase to 104 percent of GDP by next year
The ongoing Wuhan coronavirus (COVID-19) pandemic, including federal relief efforts to blunt its impact on the economy, will cloud the U.S.’s long-term fiscal outlook for decades to come. This analysis comes from the Congressional Budget Office (CBO), which released new forecasts Monday, showing that federal debt will likely surge to 104 percent in 2021 and be nearly twice […]
09/22/2020
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By Franz Walker
Government documents reveal global banks are defying US laundering crackdowns by serving criminals and terrorists
Large global banks such as JPMorgan Chase, HSBC and others have, according to secret U.S. government documents, defied money laundering crackdowns by continuing to move staggering sums of cash for criminal networks and shadowy characters that have undermined democracy and spread chaos around the globe. According to the documents from the Financial Crimes Enforcement Network (FinCEN), […]
09/11/2020
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By Franz Walker
California started sending out FEMA-funded unemployment payments on Labor Day
On September 7, Labor Day, California started sending out unemployment payments of $900 each to 3.1 million eligible claimants, drawn from the Federal Emergency Management Agency (FEMA). The California Employment Development Department (EDD), which handles state and federal unemployment claims for California, is sending out three weekly payments of $300 under the Federal Lost Wages Assistance program, as authorized […]
08/31/2020
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By Franz Walker
Coronavirus batters New York City’s luxury real estate market
The ongoing Wuhan coronavirus (COVID-19) pandemic has pounded New York City’s luxury real estate market, which is seeing values fall at a rate that surpasses that of both the Great Recession of 2008, as well as the period immediately after the 9/11 attacks. New York City home sales, in general, plummeted 50 percent in July with […]
08/28/2020
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By Franz Walker
South Korea’s third-largest cryptocurrency exchange seized due to allegations of extreme fraud
South Korean police have seized Coinbit, one of the country’s largest cryptocurrency exchanges, following allegations that it was involved in fraud and wash trading. According to a report by the Seoul Shinmum, the Seoul Metropolitan Investigation Department searched and seized several of the company’s premises, including its headquarters in Seoul’s Gangnam district. This came following reports […]
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