New Data Shows Teens Pretty Much Don’t Want To Drive Anymore
In the United States, teenage drivers have become a minority, according to a data dive from the Washington Post. Statistics have shown that in 1997, 43% of teens got their license at age 16, a figure that dropped to just 25% in 2020. An earlier study released by insurance agency Jerry, found that while there’s […]
Why Is Philippines’ First Nuclear Power Plant Still Not Running After 36 Years?
Corruption, safety issues, and personality politics–how did a nuclear facility that cost billions to the country never get to yield a single watt of electricity in more than three decades? As global energy prices continue to soar, the world is turning to alternatives–one of which is nuclear power. While some countries are rushing to have […]
World Economic Forum Propels Demand for Sex Work in Davos
World leaders, business tycoons, economists, celebrities, journalists, activists, and critics aren’t the only ones hard at work at Davos for the World Economic Forum this week. The annual event is also a sort of gathering for sex workers who fly to the picturesque Swiss resort town, especially for the occasion. Demand for escort services soars […]
Genesis Global Mulls Prepackaged Bankruptcy In Chapter 11 Filing
Genesis Global Capital is once again sounding the alarm for a potential bankruptcy filing, taking it further this time with reports of the crypto firm’s creditors wanting to negotiate a prepackaged bankruptcy plan with the company. According to persons familiar with the situation, the Digital Currency Group’s crypto lending subsidiary is preparing to file for […]
Jim Rogers: The Fed Has “Not Done Nearly Enough”
Sitting down with SmallCapSteve today is Jim Rogers, famed investor, financial specialist, and best-selling author. Steve and Jim begin their discussion with what’s going on in China, Japan and its risk for the global economy. We then get Jim’s outlook on the US dollar, as well as his read on inflation and why he thinks […]
Is KB Home Trying To Overshadow Cancellations With Virtual Homes In The Metaverse?
In its Q4 2022 financials, KB Home (NYSE: KBH) reported a cancellation rate of 68%–meaning around two-thirds of its orders backed out. So, maybe that’s why the homebuilder is looking to go virtual? The US homebuilder touted on Tuesday that it has unveiled its first virtual new-home community in the metaverse. The property is located […]
US Authorities Arrests Founder Of Crypto Exchange That No One Has Heard Of
The US government arrested Anatoly Legkodymov, a Russian national and co-founder of Bitzlato, a Hong Kong-based crypto exchange, Tuesday on suspicion of facilitating the transfer of criminal funds. The unsealed complaint accuses Bitzlato of running a money-transfer firm that facilitated illicit fund flows for reasons such as money-laundering, totaling more than $700 million in revenues […]
Is Trump Returning to Twitter and Facebook?
Wanting to return to power with a fresh bid for the presidency in 2024, Donald Trump must first win his account back from Facebook. Trump’s presidential campaign has formally asked Meta Platforms, Inc (Nasdaq: META), Facebook’s parent company, to reinstate his account, according to a letter reviewed by NBC News. “We believe that the ban […]
Saudi Arabia Willing To Trade In Other Currencies Poses Threat To The Petrodollar
Saudi Arabia is opening its economic doors about trading in currencies other than the US dollar, Finance Minister Mohammed Al-Jadaan sounded off at the World Economic Forum in Davos, Switzerland. “There are no issues with discussing how we settle our trade arrangements, whether it is in the US dollar, whether it is the euro, whether […]
WeWork Quietly Announces Plans For 300 Job Cuts
WeWork Inc (NYSE: WE) is the latest firm to reveal it will be conducting layoffs. The company covertly made the announcement within a news release focused on providing a date for its fourth quarter financial results. A total of 300 employees are expected to be laid off from the firms global workforce, which amounts to […]