John Hugh DeMastri

Musk Orders Layoffs Ahead Of ‘Significant’ Payout For Twitter Employees

Just two days after taking control of Twitter, owner and CEO Elon Musk is launching a wave of layoffs ahead…

3 years ago

Elon Musk Finally Takes Over Twitter, Fires Executives

After a monthslong legal battle, SpaceX and Tesla CEO Elon Musk officially reached a deal with Twitter on Thursday to…

3 years ago

Meta Stock In Freefall as Brutal Week Continues

Meta stocks plummeted 22% on Thursday, at time of writing, as the company faced down a variety of challenges this…

3 years ago

‘The Party Is Over’: Expected GDP Spike Doesn’t Spell Good News, Economists Say

Gross domestic product (GDP) is expected to spike in the third quarter, but that isn’t likely to help consumers in…

3 years ago

Housing Market Is About To Fall Off A Cliff, Economist Says

The price of residential homes could fall by as much as 20% next year off the back of mortgage rate…

3 years ago

Vacancies Skyrocket As Renters Abandon The Market

Elevated rental prices are pushing apartment vacancy rates up, following a pandemic-related housing boom, the Wall Street Journal reported Tuesday.…

3 years ago

JPMorgan President Warns The Worst Is Yet To Come For US Economy

Daniel Pinto, president of investing giant JPMorgan, has warned that the economy hasn’t yet hit bottom, urging the Federal Reserve…

3 years ago

Here’s The Reason Los Angeles Area Ports Are No Longer Stacked Up

Following a disastrous supply-chain bottleneck that left more than 100 trade vessels lingering outside of Los Angeles, California, last year,…

3 years ago

‘Housing Market Has Entered A Recession’: Home Sales Plummet In Ominous Sign For Economy

Sales of existing homes fell in September for the eighth month in a row, as historically high mortgage rates pummel…

3 years ago

Elon Musk Plans To Give Pink Slip To 75% Of Twitter Employees

Tesla and SpaceX CEO Elon Musk is planning to let go almost 75% of Twitter’s 7,500 employees upon closing a…

3 years ago

Biden Asks Officials To Prep For Possibility Of 2008-Level Financial Crisis

President Joe Biden has reportedly “pressed” his team to prepare for the possibility of an economic crash similar to the…

3 years ago

High Interest Rates Are Strangling The Mortgage Market

As mortgage and interest rates skyrocket, demand for new mortgages hit its lowest level in more than two decades last…

3 years ago

Bird Flu Is Back For Thanksgiving, Killing Millions Of Turkeys And Jacking Up Prices

A new, deadly strain of the bird flu has killed millions of chickens and turkey this year, pushing the price…

3 years ago

Retirement Plans to Lose Trillions Due to Bidenflation

Pension plans and 401(k)s are forecasted to take trillions in losses this year, with their purchasing power hit further by…

3 years ago

Parler Exposes Its ‘VIP’ Users’ Emails Hours After Getting Bought By Kanye West

Hours after the conservative social media platform Parler announced plans to be acquired by Kanye West, known legally as Ye,…

3 years ago