Several online brokerage firms including Charles Schwab, Fidelity and Vanguard appeared to be down for thousands of users early Monday during one of the biggest stock markets sell-offs of 2024. User reports appeared to peak around and just before 10 a.m. ET, data from outage tracker Downdectector shows. Some frustrated customers online said that they … Read moreManic Wall Street Monday
Is Black Friday dead because of the internet? Or did 2022’s economy just kill it?
FTX founder Sam Bankman-Fried allegedly shuffled $10billion in funds to his trading firm Alameda Research, with about $2billion now missing Sources said that the CEO showed spreadsheets revealing the missing funds from FTX, which along with Alameda declared bankruptcy on Friday Bankman-Fried denied making the secret transfers to his crypto trading firm, which is run … Read more$2BN of clients’ money is MISSING from collapsed crypto exchange FTX!!
Major trucking fleets across the eastern half of the US are preparing for an “imminent” diesel shortage, according to logistics firm FreightWaves. Founder and CEO of FreightWaves Craig Fuller said “3 very large fleets” are preparing for diesel pumps at fuel stations to run dry. Drivers of these fleets received notifications about fuel shortages that … Read moreSummer shortage: The supply chain nightmare is going to get worse.. imminent warnings of diesel shortages on the East coast
Modi is CEO and cofounder of Bobbie, a San Francisco-based direct-to-consumer seller and subscription service for organic milk-based baby formula that is produced in a Vermont facility and backed by $72 million in venture capital funding. She’s acutely aware of the desperation in those outreaches, which have intensified in recent weeks amid an ongoing nationwide … Read moreBaby formula shortage nightmare: “This is a crisis. We can’t flip a switch and make a lot more formula”
The macro-economic picture is deteriorating fast and could push the U.S. economy into recession as the Federal Reserve tightens its monetary policy to tame surging inflation, BofA strategists warned in a weekly research note.
The internet killed the shopping mall. Toys “R’ Us, a normally stand along stores that has been existent in strip malls or next to Pizza Huts for generations, is potentially the next building in your local distressed town to grow weeds.. From REUTERS: (Reuters) – Toys ‘R’ Us is working to put together a loan … Read moreCalling Seph Lawless! Now Toys “R” Us may be a new location for photos
Fear for Saturday night.. here’s a link to read: China’s unfolding market crash resembles 1929’s Black Thursday, plunging world economy into depression
Read more here: http://www.bloomberg.com/news/articles/2015-08-11/china-weakens-yuan-reference-rate-by-record-1-9-amid-slowdown This is going to have a global effect