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News & Articles By Cassie B.
07/31/2023
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By Cassie B.
Ford loses billions on electric vehicles, reduces its EV production target
Ford has announced that it expects to lose $4.5 billion in its electric vehicles division, “Ford Model e,” this year. This marks a significant rise over its previous loss projection of $3 billion. It has lost $1.8 billion on the vehicles so far this year. It’s just the latest bad news for Ford Model e, […]
07/20/2023
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By Cassie B.
Russia plans to start testing its digital ruble CBDC this summer
Russian lawmakers have approved the development of a digital ruble, and it could begin testing later this summer. While the bill has already passed through Russia’s higher legislative body, it must obtain a signature from President Vladimir Putin before it can go into effect. The Russian central bank reportedly plans to launch a test of […]
07/19/2023
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By Cassie B.
BlackRock’s spot Bitcoin ETF application formally accepted for review by SEC
In a move that many are welcoming as a positive sign for the future of cryptocurrency, the U.S. Securities and Exchange Commission (SEC) has added an application from BlackRock for a spot Bitcoin ETF to its official docket. BlackRock is the biggest asset management firm in the world, and its application, which was filed in […]
06/29/2023
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By Cassie B.
HSBC brings cryptocurrency trading services to its online investment platform in Hong Kong
Hong Kong’s biggest bank, HSBC, is now offering its customers local cryptocurrency trading services, making it the first bank in Hong Kong to offer clients this functionality through its online platform. Crypto investment products have been listed on the Hong Kong Stock Exchange since December and the bank allows its customers to trade all publicly […]
06/27/2023
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By Cassie B.
JPMorgan launches euro-denominated digital payments for its JPM Coin
JPMorgan recently introduced euro-denominated payments for its corporate clients with its JPM Coin blockchain payment system. The system went live with its euro transactions last week, and the first payment in euros on its platform was carried out by the German company Siemens. JPM Coin was originally launched in 2019 for dollar payments with the […]
06/23/2023
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By Cassie B.
“Reconstruction bank” set up by globalist financiers to help Ukraine secure more than $411bn needed to rebuild
A reconstruction bank has reportedly been set up by BlackRock and JP Morgan Chase to help the Ukrainian government rebuild its country when the conflict with Russia ends. It is estimated that it will cost Ukraine at least $411 billion to rebuild, an amount that continues to rise each day as the conflict rages on. […]
06/20/2023
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By Cassie B.
Regional banks trying to unload commercial real estate loans as new crisis looms
Regional banks are currently scrambling to sell down their commercial real estate loan portfolios to minimize their risk amid fears of more bank runs like those seen late last year. The stress seen in the commercial real estate sector right now is weighing heavily on banks and regulators alike, and it’s regional banks that are […]
06/16/2023
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By Cassie B.
Home Depot looking to take advantage of America’s housing affordability crisis by offering tiny house kit for under $44,000
As Americans continue to grapple with high home prices, Home Depot is trying to cash in on the problem by offering a tiny house kit that costs just under $44,000. The offering comes at a time when the National Association of Realtors found that 75 percent of homes are currently too expensive for middle-class home […]
06/14/2023
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By Cassie B.
U.S. budget deficit climbs in May amid big government spending and falling revenue
Government income has dropped this year, pushing the federal deficit deeper into the red than expected. New data shows the budget deficit climbed in May against a backdrop of falling federal revenues and rising Medicare spending. The Monthly Treasury Statement showed a May shortfall of $240 billion, which is a full $66 billion over last […]
06/13/2023
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By Cassie B.
Calm before the storm: Financial experts warn current market calm is a sign of impending recession
The recent resurgence in the stock market following climbing interest rates and high-profile bank failures is being interpreted by some financial experts as a sign that a recession could be just around the corner. JPMorgan Asset Management Global Head of Fixed Income Bob Michele said that today’s economic climate calls to mind the lull seen […]
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