Crisis

Half a decade has passed since the GameStop upheaval that threatened to destabilize the global financial system. Despite the passage of time, the potential for a similar crisis still exists, warns Thomas Peterffy, founder and chairman of Interactive Brokers. The GameStop event,...

The late billionaire Charlie Munger once shared his unique approach to financial success and longevity, emphasizing the importance of avoiding conventional pitfalls. What Happened: Munger said that his strategy was simple and direct. He focused on steering clear of standard ways of...

In light of the United States’ precarious fiscal situation, Ray Dalio, the founder of Bridgewater Associates, has advised investors to consider dedicating approximately 15% of their portfolio to either gold or Bitcoin. What Happened: In a recent interview, Dalio expressed his apprehension...

Billionaire entrepreneur Mark Cuban once shed light on the challenges of raising children amidst substantial wealth. He emphasized the significance of individual success and self-reliance. What Happened: Cuban, who boasts an estimated net worth of $5.7 billion, voiced his...

Warnings from China’s state-owned property developers have sent ripples of concern throughout global markets, raising fears that the housing crisis is no longer confined to the private sector but is spreading to government-backed companies as well. Amid China’s persistent housing slump...

Zhongzhi Enterprise Group Co., a major player in China’s private wealth management sector, missed payments on several high-yield investment products. The news raises concerns about the stability of China’s shadow banking industry. The iShares China Large-Cap ETF (NYSE:FXI), which gives...

Commercial real estate transaction volumes are falling sharply in many parts of the world, prompting fears that the U.S. office market will soon experience the same fate. Bloomberg reported Wednesday that deal volumes in Germany’s commercial real estate market dropped by 50%, to €14.9 billion...

President Joe Biden addressed the debt ceiling crisis on Wednesday, stating that Republicans are "holding the economy hostage," by threatening a default on U.S. debt.  They want "huge cuts to important programs for millions of working middle-class Americans," and...

After reportedly freezing any new hiring and leaving vacancies unfilled, Meta Platforms Inc (NASDAQ: META) has decided to cut back on its planned office expansion in New York.  According to a media report, Meta has decided not to take the additional 300,000 square feet of space at 770...

A Gadsden flag hung out of a Southwest Airlines 737 cockpit. Photo via American Greatness.  A Market Buffeted By Bad News The apparent work slowdown at Southwest Airlines, Co. (NYSE: LUV), snarling air travel last weekend, is the latest bit of bad news to hit the economy and...

Many people in 2020 were on the receiving end of sweeping layoffs in response to the Covid-19 pandemic lockdowns. The pandemic was slowly bringing the entire planet to a standstill. It was as if the gas ran out in the tanks of every single car on a freeway, and people got out of their car...