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News & Articles By Cassie B.
12/01/2025
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By Cassie B.
FedEx to close Texas logistics hub, cutting 856 jobs as “forever layoff” trend grows
FedEx is closing a Coppell, Texas facility and permanently laying off 856 employees. The layoffs result from a major customer switching to a competitor’s logistics provider. This follows other recent FedEx job cuts across North Texas facilities. The move reflects a national trend of constant small layoffs dubbed the “forever layoff.” This pattern creates widespread […]
11/30/2025
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By Cassie B.
Gaza’s economy erased in worst collapse ever recorded, UN report finds
Gaza’s economy has suffered the most severe collapse ever recorded. Its GDP has fallen by 83 percent, erasing 69 years of progress. Unemployment has skyrocketed to over 80 percent, with universal poverty. The cost to rebuild is estimated at $70 billion, a multi-decade task. All schools and universities are destroyed, harming future generations. A new […]
11/26/2025
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By Cassie B.
Nvidia loses billions as Google’s AI chips spark market fears and bubble concerns
Nvidia lost $300 billion in value during a dramatic stock plunge. The sell-off was triggered by Google’s emergence as a serious AI chip competitor. Google’s new Gemini AI model, powered by its own chips, challenges Nvidia’s dominance. Nvidia issued a rare public defense of its technology on social media. The event intensified fears of an […]
11/24/2025
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By Cassie B.
FAA pushes $31.5 billion air traffic control overhaul as aging system relies on eBay for parts
The FAA is urgently modernizing its aging air traffic control system with a $31.5 billion overhaul. The current system is so outdated the government hunts for spare parts on eBay. A new single platform will replace two aging and unsustainable control systems. The massive contract has drawn intense competition from major security and tech firms. […]
11/20/2025
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By Cassie B.
Trump forces South Korea to end decade-long crackdown on American tech giants
South Korea’s Fair Trade Commission aggressively fined U.S. tech firms like Google and Apple under protectionist policies for years. Trump’s pressure forced Seoul to end unfair regulatory practices and align economically with the U.S. for security and trade. Korea’s reversal came after losing China’s market, escalating North Korean threats, and Trump’s hardline trade tactics. The […]
11/19/2025
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By Cassie B.
Home Depot’s profit plunge signals a frozen economy and fearful consumers
Home Depot reports its third consecutive quarter of declining profits. The company is a key bellwether for U.S. consumer confidence and the housing market. Its CFO states customers are hesitating due to economic uncertainty. Fewer customers are visiting stores, indicating a pullback in spending. High mortgage rates and government tariffs are contributing to the pressure. […]
11/17/2025
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By Cassie B.
Corporate bankruptcies near 15-year high as economic stress triggers wave of failures
Corporate bankruptcies are accelerating toward a 15-year high. The industrials and consumer discretionary sectors are being hit hardest. High-profile company collapses signal a systemic financial problem. Experts warn the wave of bankruptcies will spread to other sectors. This corporate crisis represents immense human cost through lost jobs. The American economy is flashing red, and the […]
11/14/2025
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By Cassie B.
Foreclosure surge signals housing market distress as costs spiral out of control
Foreclosure filings surged in October for the eighth straight month. Lenders started the process on 20% more properties than last year. Bank repossessions saw a dramatic 32% annual increase. Soaring insurance and property taxes are creating a perfect storm for homeowners. Florida, South Carolina and Illinois are experiencing the highest foreclosure rates. A silent financial […]
11/12/2025
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By Cassie B.
Australian spy chief warns Chinese hackers are pre-positioning for sabotage
Australia’s intelligence chief warns Chinese state hackers are preparing for sabotage. Targets include critical water, energy, and telecommunications infrastructure. Hacking groups are pre-positioning in networks to disrupt services at will. The intent has escalated from espionage to potential destruction and chaos. The private sector is on the front line of this national security threat. We […]
11/10/2025
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By Cassie B.
Treasury secretary admits parts of U.S. economy are in recession, warns of pain for Americans
The Treasury Secretary admits parts of the economy are in recession. He blames Federal Reserve interest rates for creating distributional problems. A Federal Reserve Governor warns tight policy risks causing a full-blown recession. Deaths of despair have accelerated to triple the rate of the Great Depression. The government shutdown is actively harming economic growth. The […]
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