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HomeFinancial Crisis

Financial Crisis

Israel
Bankruptcy

Israel, Mideast Markets Fall on Iran Threat, Global Stock Plunge

August 5, 2024 Stu Turley

Israeli markets drop; US sees Iranian attack in 24-48 hours Saudi, Egyptian, Turkish stocks, bonds, currencies also hurt Financial markets across the Middle East tumbled Monday, as concerns over a potential Iranian attack on Israel […]

Nikkei
Finance

Japan’s Nikkei faces worst day in history

August 5, 2024 Mariel Alumit

  Stocks on the Tokyo exchange have plummeted over recession fears in the US economy Japan’s benchmark Nikkei 225 stock index suffered its biggest ever one-day loss on Monday as a global sell-off intensified amid […]

Finance

Warren Buffet unloads Apple shares

August 4, 2024 Stu Turley

  Berkshire Hathaway has slashed its stake in the tech giant by nearly 50%, filings show Billionaire investor Warren Buffett’s Berkshire Hathaway has significantly cut its investment in Apple, offloading nearly half of its holding […]

Green Economy
Climate Crisis

The Great ‘Green Economy’ Is Failing As Costs Hammer Consumers, Businesses

August 3, 2024 Mariel Alumit

Several factors are emerging as reasons for the lack of progress toward a putative ‘green economy.’ As mentioned in my recent post from July 20, there are many data points gradually accumulating as to the […]

Leftists
Climate Crisis

Leftists Beg Feds To Cut Interest Rates To Revive Green New Deal Projects

August 3, 2024 Stu Turley

Leftists are desperately hoping the Federal Reserve cuts interest rates, believing higher rates are hampering the ‘country’s ability to combat the climate crisis.’ Leftists are desperate to have the Federal Reserve cut interest rates, believing […]

Unemployment Rate
Finance

Growth in Jobs Slows to 2017-2019 Pace, Unemployment Rate Rises as Massive Wave of Immigrants Is Absorbed More Slowly

August 2, 2024 Stu Turley

By Wolf Richter for WOLF STREET. Payrolls at employers rose by 114,000 in July, below the growth in June and May. Back in April, job growth was even lower (108,000), and we went through the same handwringing. This […]

Harris
Climate Crisis

Kamala’s Hard Push For EVs Has Left An Economic Bloodbath In Its Wake

August 2, 2024 Mariel Alumit

It is hard to identify any aspect of the Biden-Harris suite of EV-related policies that can honestly be called a success. Once the ongoing effort by the legacy media to reinvent presumptive Democratic nominee Kamala […]

Janet Yellen
Climate Crisis

‘Top Priority Of Biden Admin’: Janet Yellen Wants $78 Trillion For Net Zero Transition

July 30, 2024 Mariel Alumit

The treasury secretary said the global transition to a low-carbon economy would cost $78 trillion, calling it a top priority of Biden-Harris. U.S. Treasury Secretary Janet Yellen said during a speech in Belem, Brazil, on […]

Climate Change
Climate Crisis

Bloomberg News Falsely Claims Climate Change Is Next ‘Black Swan’ Event For Markets

July 30, 2024 Mariel Alumit

Since climate change is not causing more extreme weather, it cannot be causing increased business losses – which real-world data shows it is not. A recent article in Bloomberg titled The Market’s Next Black Swan […]

States
Energy Policy

Red States, Blue States: A Tale of Two Economies

July 29, 2024 Mariel Alumit

The latest employment data from the Bureau of Labor Statistics for June 2024 offers a compelling snapshot of the divergent economic fortunes of red and blue states. The national unemployment rate remained steady at 4.1 percent, a […]

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