marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
investment
05/05/2022
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By News Editors
Uber reports surging revenue as drivers return, but posts massive loss on investments
Uber on Wednesday reported surging revenue during the first quarter as the ride-hailing company said it’s recovering from its coronavirus lows and wouldn’t have to put up “significant” investments to keep drivers on the platform. (Article by Jessica Bursztynsky republished from CNBC.com) But it also reported a $5.9 billion loss during the period that was largely attributed to the revaluation of […]
04/20/2022
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By Mary Villareal
Homebuyer activity in the US falters as mortgage rates spike
Home prices has skyrocketed during the pandemic, hitting an all-time high by late 2021 and plateaued at a 20 percent year-on-year rate. Now, Redfin analyst Tim Ellis shared early indicators of homebuyer activity faltering as mortgage rates shot up above five percent, pushing demand lower and leaving sellers to follow with more price cuts. Early-stage homebuying demand […]
11/23/2021
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By Arsenio Toledo
Farmland prices continue to surge in line with growth of rural economies
Creighton University‘s Rural Mainstreet Index (RMI) has remained above growth neutral for 12 straight months. Economists say this is due to stronger investment in agriculture, low interest rates and higher cost of agricultural produce. The RMI for November rose to 67.7 percent, up more than one point from October’s 66.1. In September, the reading was 62.5. In line with the […]
06/23/2021
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By Franz Walker
“The Big Short” investor warns about “mother of all crashes” for crypto and meme stocks
On Thursday, June 17, American investor Michael Burry, who gained fame after his crisis-era bets on the housing market became the subject of the film “The Big Short,” warned about losses “the size of countries” should crypto and meme stocks decline. “All hype/speculation is doing is drawing in retail before the mother of all crashes,” Burry […]
06/23/2021
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By Franz Walker
China’s central bank calls on top executives to reinforce crypto ban
China’s central bank ordered officials from the country’s largest banks to reinforce a ban on cryptocurrency services. A statement from the People’s Bank of China (PBOC), released Monday, June 21, said that representatives from the Industrial and Commercial Bank of China Ltd., Agricultural Bank of China and internet payment provider Alipay were summoned to a meeting where they […]
06/06/2021
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By Virgilio Marin
US Mint postpones silver coin pre-orders amid global silver shortage
The United States Mint delayed pre-sales of its non-circulating silver coins amid a global silver shortage. In a statement on May 27, the bureau said that its supply of silver blanks is not able to keep up with the demand for its coins. “The Mint is being impacted by silver blank shortages among its suppliers. The demand for many of our […]
05/20/2021
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By Franz Walker
Signs of a bubble: Cryptocurrencies now worth more than all US dollars in circulation
Cryptocurrencies hit a significant milestone last month, reaching a valuation of $2 trillion on April 29 – the same valuation as all U.S. dollars in circulation. While the statistic is seen as a solid indicator of crypto’s growing popularity, some warn that it’s a sign that crypto is in a bubble that may soon burst. […]
05/17/2021
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By Franz Walker
Spike in value of meme crypto dogecoin raises bubble fears
The sudden surge in the value of “meme” cryptocurrency dogecoin has raised concerns about a potential bubble in the cryptocurrency market. Starting out as a joke by software engineers Billy Markus and Jackson Palmer, dogecoin was based on the “doge” meme that rose to popularity in 2013. The meme portrays a Shiba Inu dog alongside nonsensical phrases […]
05/13/2021
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By Franz Walker
Tesla reports record quarterly net profit bolstered by bitcoin sales
Automaker Tesla reported a quarterly net profit of $438 million on a GAAP (Generally Accepted Accounting Principles) basis on Monday, April 26. A good chunk of this profit came not from car sales or federal credits but from sales of bitcoin during the quarter, which contributed $101 million to the company’s bottom line. The $438 million represents […]
05/11/2021
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By Franz Walker
Crypto exchange Coinbase experienced a rocky stock market debut
Stocks of Coinbase seesawed on April 15 following its trading debut as markets struggled to place a value on America’s biggest cryptocurrency exchange. Shares initially spiked as much as 6.4 percent, though a choppy session eventually saw shares close at 1.7 percent at $322.75. All in all, nearly 40 million Coinbase shares changed hands during Thursday’s […]
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