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News & Articles By Cassie B.
11/17/2022
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By Cassie B.
Amazon to fire 10,000 employees in biggest layoff in company’s history
Amazon plans to fire around 10,000 employees in corporate technology roles in what may be one of the biggest layoffs in the company’s history as mass firings throughout the tech industry continue to add up. Insiders who have direct knowledge of the planned job cuts say they will be focused on its retail division, human […]
11/11/2022
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By Cassie B.
Redfin fires 13% of its staff in latest tech firm mass layoffs as inflation soars
Popular real estate brokerage firm Redfin announced this week that it will be laying off of 13 percent of its workforce in a move to cut costs as the housing market continues to slow. The company’s CEO, Glenn Kelman, delivered the bad news to employees by e-mail. He also announced that they would be closing […]
10/21/2022
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By Cassie B.
Used car prices are finally starting to drop, but many consumers still can’t afford payments
The price of used cars in the U.S. recorded its biggest year-over-year decline since January 2009 during the first 15 days of October, falling 10.4% overall. Year-over-year declines were noted in all six categories of vehicles measured. SUVs and luxury cars saw the biggest price drops during the first 15 days of the month, but […]
10/17/2022
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By Cassie B.
Shipping rates drop 75% amid plummeting US retail demand
Cargo ship owners have been canceling sailings on some of the busiest routes in the world in the middle of what is normally their peak season, illustrating the serious impact that inflation has been having on consumer spending. This summer, import volumes to the U.S. started to drop dramatically, which is a strong sign that […]
10/13/2022
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By Cassie B.
US stocks hit new lows following release of Fed Minutes as inflation persists
Following the release of the Federal Reserve’s newest meeting minutes, both the S&P 500 and the NASDAQ composite sunk to new lows for the year. The minutes, which come from the Fed’s September policy meeting, showed that the Federal Reserve plans to raise the federal funds rate, and any possible slowdowns in the pace of […]
10/05/2022
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By Cassie B.
Grocery store discounts are getting harder to find as food inflation soars
Discounts at the grocery store are becoming increasingly hard to come by, which is bad news at a time when consumers are already dealing with record high prices on food. Deals like buy one, get one free are becoming scarce as food producers and supermarkets grapple with rising prices. Traditionally, food producers have supported retailers […]
09/23/2022
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By Cassie B.
South Korea requests Interpol red notice in search for disgraced crypto developer Do Kwon
The co-founder of the stablecoin TerraUSD, Do Kwon, is officially a wanted man in his native South Korea. Last week, a court there issued an arrest warrant for him, and prosecutors say he’s wanted for violations of capital markets law. Kwon’s company, Terraform Labs, is behind the algorithmic stablecoin as well as its sister cryptocurrency, […]
09/09/2022
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By Cassie B.
$258 billion Dogecoin racketeering lawsuit filed against Elon Musk has expanded – massive crypto pump and dump scheme alleged
A high-profile racketeering lawsuit filed against Elon Musk accusing the Tesla CEO of running a pyramid scheme involving the cryptocurrency Dogecoin has now expanded. An amended complaint that was filed this week in a Manhattan federal court saw seven new investor plaintiffs added to the suit as well as six new defendants. The lawsuit maintains […]
09/01/2022
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By Cassie B.
1 in 4 Brits won’t use their heaters this winter amid skyrocketing energy prices
As energy prices continue to climb, a new poll has found that nearly a quarter of Brits are planning to leave their heating off altogether and brave the cold to keep costs down this winter. This statistic illustrates just how badly people are suffering in the face of multiple economic crises. The Telegraph reports that […]
08/26/2022
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By Cassie B.
Sellers dropping home prices in droves as real estate market cools
Some American cities saw as much as 70 percent of home sellers dropping their asking prices in July as the housing market continues to cool and buyers back out of the market. According to data from Redfin, Boise, Idaho, topped the list of 97 metros when it comes to price drops at 70 percent, while […]
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