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News & Articles By Cassie B.
08/18/2022
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By Cassie B.
Crypto ad spending down 99.9% since February as industry meltdown continues
Anyone who has watched sports on TV in the past year can attest to the prevalence of cryptocurrency ads, but things have changed dramatically in the past few months as the crypto industry experiences significant turmoil. Sports and crypto are closely linked, with the Morning Consult reporting that sports fans are twice as likely as […]
08/16/2022
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By Cassie B.
CRYPTO CON: Disgraced Three Arrows Capital crypto hedge fund co-founders have a long history of questionable activities
The bankrupt crypto hedge fund Three Arrows Capital, which is being blamed for plunging a number of cryptocurrency companies into bankruptcy and accused of unethical and possibly criminal behavior, showed plenty of signs of poor management long before its spectacular collapse. In fact, its two 35-year-old co-founders, Su Zhu and Kyle Davies, who are now […]
08/15/2022
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By Cassie B.
Russia’s current-account surplus triples, but GDP is dropping
Russia’s current-account surplus has more than tripled over last year after hitting record levels during the Ukraine invasion. The current-account surplus, which refers to the positive current account balances a country possesses, is considered the broadest measurement of investment and trade flows as it indicates they have more exports than imports of goods and services. […]
08/05/2022
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By Cassie B.
More Americans are living paycheck to paycheck as inflation persists
A recent report shows that almost two thirds of Americans are now living paycheck to paycheck, with even the nation’s top earners being stretched thin thanks to rising inflation and increased costs. The new LendingClub report found that as of June, 61 percent of Americans are now living paycheck to paycheck, up from the 58 […]
08/03/2022
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By Cassie B.
Transportation DISASTER: CoreFund Capital closure leaves trucking companies unable to pay their drivers or buy fuel
Small business truckers who rely on CoreFund Capital for factoring their accounts receivable are now struggling to stay in business following the abrupt closure of the company. Factoring companies purchase outstanding invoices from companies with slower-paying customers to provide them with immediate cash flow. CoreFund offers same-day factoring to trucking companies throughout the nation to […]
08/03/2022
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By Cassie B.
Home prices dropped at a record pace in June amid rising inflation and mortgage rates
Home prices are cooling in the U.S. thanks to a sharp drop in housing demand in June spurred by rising inflation and mortgage rates. Although home prices remain higher than they were one year ago, gains slowed down at the fastest pace seen since this metric was first recorded in the 1970s. The ongoing imbalance […]
07/31/2022
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By Cassie B.
Germany bails out its top importer of natural gas in $15bn rescue deal
Germany has agreed to bail out embattled energy company Uniper with a $15 billion rescue deal. Uniper is Germany’s biggest importer of gas, and it has been hit hard by the severe reduction in flows of natural gas from Russian pipelines. This has led to soaring prices in Europe’s largest economy. Under the package, the […]
07/24/2022
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By Cassie B.
Former Coinbase manager facing charges in first crypto insider trading case
The U.S. Attorney’s Office for the Southern District of New York announced that three people have been charged in the first cryptocurrency insider trading tipping case in the nation. A former product manager at cryptocurrency exchange platform Coinbase, Ishan Wahi, along with his brother, Nikhil Wahi and friend Sameer Ramani have been charged with wire […]
07/04/2022
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By Cassie B.
Major crypto hedge fund Three Arrows Capital files for bankruptcy and fires 25% of workforce as crypto implosion spreads
The news for cryptocurrencies keeps getting worse as Three Arrows Capital (3AC), a major cryptocurrency hedge fund, plunges into bankruptcy and fires 25% of its workforce. Rumors that the embattled fund was in trouble started gaining steam early last month, and it was hit hard by the collapse of the Terra crypto and other issues. […]
07/04/2022
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By Cassie B.
Bank of Japan is buying up it’s own government’s debt: Bond holdings top 50% for first time
The share of Japanese government bonds that are held by the Bank of Japan has now exceeded 50 percent. The record-setting high comes as the central bank doubles down on its government debt purchases with the aim of holding down long-term interest rates as part of its ultra-loose monetary policy. The Bank of Japan’s move […]
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