Archive for the 'Economy' Category
IBM Stock Loses 25%, Worst Day on Record
July 15th, 2026Via: CNBC: International Business Machines shares plummeted 25% on Tuesday after the hardware, software and consulting provider released preliminary second-quarter results that fell short of expectations. The stock logged its worst day on record, sinking further than its previous worst day of Oct. 19, 1987, when shares fell 23.7%. Records track trading activity back to […]
Data Centers Have Already Hiked Electricity Prices on the Public by $23 Billion
July 14th, 2026Via: Fortune: Many major tech companies have pledged to pay their fair share of the costs associated with generating and transmitting more electricity to serve large data centers. But ratepayers across the United States are worried about the potential costs they might have to bear. That’s because it’s not immediately clear how the cost of […]
2024 Cocaine Bust in Spain Leads All the Way to Wall Street, Dubai
July 14th, 2026Via: ThePrint: It was supposed to be a cargo of bananas from Latin America. What Spanish police found on the ship in the Mediterranean port of Algeciras instead were 13 tons of cocaine. The drug bust in the fall of 2024 became the biggest in Spain’s history at the time. The ensuing investigation has now […]
Millions of Americans Take on Debt and Drain Savings to Afford Food
July 13th, 2026Via: CBS News: Millions of Americans are borrowing money or draining their savings to buy groceries, highlighting the financial strain many households face as the cost of living rises, new research has found. More than a quarter of working-age adults who relied on credit cards to buy groceries were either unable to pay their balance […]
U.S. Debt Exceeds 100% of GDP for the First Time Since World War II
July 13th, 2026Via: Lew Rockwell: The United States has crossed a milestone that Washington has spent decades pretending would never arrive. Federal debt held by the public has now exceeded 100% of GDP for the first time since the aftermath of the Second World War. According to the latest government data, debt held by the public reached […]
New York: Adult Day Care Fraud
July 11th, 2026Via: Nick Shirley:
U.S. Strikes Iran In Retaliation For Multiple Attacks On Shipping In Strait Of Hormuz Over Last 24 Hours
July 7th, 2026Via: The War Zone: U.S. Central Command (CENTCOM) announced that its forces have launched “a series of powerful strikes against Iran to impose heavy costs for targeting and attacking commercial shipping crewed by innocent civilians in an international waterway.” The U.S. strikes “are in response to Iranian attacks on three commercial vessels that were transiting […]
Canadians Are Leaving At The Fastest Pace In 74 Years
July 6th, 2026Via: Better Dwelling: Canadians continue to flee in record volumes, in a trend that’s picking up, not plateauing. Statistics Canada (StatCan) data shows emigration—when citizens or permanent residents move abroad—climbed again in Q1. Canadians are now leaving at the fastest pace in 74 years of records.
Overvaluation of U.S. Stocks Has Surpassed Level Before 1929 Crash
July 6th, 2026Via: Telegraph: The overvaluation of US stocks has now surpassed the level that brought the stock market crashing down in 1929. At a rating more than double that of their British and European counterparts, and the highest since the peak of the dotcom bubble, US equities are in for a hairy decade. That is the […]
Trump Declares National Emergency Over Fertilizer Supplies
July 4th, 2026Via: AgWeb: After years of pressure from corn growers and other farm groups who argued phosphate fertilizer tariffs have added billions of dollars to production costs, the Trump administration is temporarily suspending duties on phosphate fertilizer imports from Morocco. President Donald Trump on Monday declared a national emergency over fertilizer supplies and signed a proclamation […]
