Government Shutdown 2023-What You Need to Know!

As the countdown to September 30th begins, the looming possibility of a government shutdown stirs both apprehension and speculation. The halls of Congress are poised for action as lawmakers return on September 12th, leaving a mere 12 days to forge a consensus on the 2024 federal budget. Failure to pass a budget would trigger a government shutdown, a scenario that prompts contemplation of its implications, motivations, and historical context. The…

What is govt shutdown 2023 in USA? Impact On general public/Economy/Stock Markets

A government shutdown in the United States occurs when the government’s funding expires due to a lack of an approved budget or continuing resolution by Congress. This means that federal agencies and departments are unable to continue their normal operations due to a lack of funds. During a government shutdown, many non-essential government services are halted, and federal employees may be furloughed (placed on temporary unpaid leave) or required to…

Unregistered NFT Offering Lands Impact Theory in Hot Water

Introduction The Securities and Exchange Commission (SEC) has taken action against Impact Theory, a prominent media and entertainment company headquartered in Los Angeles. The SEC alleges that Impact Theory engaged in an unregistered offering of non-fungible tokens (NFTs), a type of crypto asset security that has gained immense popularity in recent years. The charges bring to light significant issues surrounding investor protection, regulatory compliance, and the evolving landscape of digital…

How Much Cash Americans Keep in Your Sock Drawer? 17% no Cash!

Introduction In a world dominated by digital transactions we are discussing average cash Americans Keep, the idea of keeping cash in a sock drawer might seem old-fashioned, yet it’s a practice that’s still prevalent for a variety of reasons. While the convenience of credit and debit cards cannot be denied, situations arise where having a stash of cash can be more than just convenient – it can be necessary. In…

How Much Debt the Average American Has in 2023

Introduction The financial landscape for Americans has undergone significant changes since the onset of the pandemic. In a surprising turn of events, data collected earlier this year indicates that Americans have managed to reduce their personal debt compared to pre-pandemic levels. According to research conducted by Northwestern Mutual, the average adult owes just under $22,000, reflecting a substantial decrease from the $29,800 recorded in 2019. In this blog post, we’ll…

The Significance of Crowdfunding in US Markets

I. Introduction Crowdfunding has emerged as a dynamic and innovative financial model that has transformed the landscape of fundraising, investment, and entrepreneurial ventures. This revolutionary concept involves raising funds from a diverse group of individuals, often through online platforms, to finance a project, product, or business. Its ability to connect entrepreneurs with potential backers on a global scale has led to its rapid growth and adoption in the US markets.…

Rising Inflation Threat to 100s of U.S. Banks!

I. Introduction A. Brief on Nouriel Roubini’s statement In recent news and pretext of High Inflation, Nouriel Roubini, a well-known economist who predicted the 2008 financial crisis, has warned that the United States banking system is in danger of experiencing another financial crisis. Roubini has expressed concerns that the US banking system may be vulnerable due to a number of factors, including rising interest rates, the risk of inflation, and…

Twitter Valuation $44 to $20 Billon: Elon Musk Did it !

I. Introduction: Recently, news emerged that Elon Musk had sent an email to Twitter employees announcing a new stock compensation program. Musk stated that Twitter’s current valuation is about $20 billion, a significant drop from the $44 billion he paid to acquire the social network in October. The news has implications for both Elon Musk and Twitter. For Elon Musk, the news is significant because it contributes to his net…

Credit crunch: Economic Uncertainty on Small Businesses

In this post, we will explore several topics related to the US economy, including access to credit for small businesses, bank failures, looming credit crunch, predictions of a recession, and government intervention. These topics are all interconnected and highlight the challenges faced by small businesses and the broader economy. We will discuss the impacts of the tightening of access to credit for small businesses, the failures of banks in 2023,…

First Citizens to acquire troubled Silicon Valley Bank

The conversation discussed the recent announcement of First Citizens Bancshares, Inc.’s acquisition of Silicon Valley Bank. The acquisition, which is expected to be completed by the end of 2022, will result in First Citizens becoming the largest family-controlled bank in the United States, with assets totaling approximately $110 billion. The importance of this acquisition in the current banking industry climate cannot be overstated. With the rise of fintech startups and…

What Happens to Deposits at Silicon Valley Bank? Silicon Valley Bank’s Closure Impacted Businesses Worldwide Elon Musk shows interest in acquiring SVB Bank Is Congress Waiting For Market Crash For Raising Debt Ceiling