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After years of explosive growth fueled by hype, exclusivity, and social media buzz, the U.S. sneaker market is facing a sharp downturn. Analysts and resellers alike are calling it a “crash,” as resale prices plummet and demand cools amid changing economic conditions and shifting consumer priorities. This crash is hitting New Jersey retailers and resellers hard as high priced shoes are now competing with high energy bills, high medical insurance rates and increases in costs of living in New Jersey. It’s only expected that the least necessary luxury items are taking a hit. What’s Behind the Collapse Oversaturation: Major brands...

This is a pretty good review of economic crashes.

Bitcoin has lost almost a quarter of its value. The tech-heavy NASDAQ index on Wall Street has started to fall. And even leaders of the industry, such as the Google CEO Sundar Pichai, have started to warn about valuations getting out of control. We already knew that AI was driving a boom in investment. But this week there are worrying signs the market is about to crack. The only real question is whether that turns into a full scale crash. Bitcoin, as so often, is leading the market rout. More than $1 trillion has been wiped off the value of...

There is a worrying new trend foreshadowing a housing market crash. Foreclosures — when a bank or lender takes back a home after missed mortgage payments — are once again on the rise in the US. *** In October alone, there were 36,766 foreclosure filings — the first step in the process, when a lender warns a borrower they're in default. That's up three percent from September and 19 percent from a year ago.'Foreclosure activity continued its steady upward trend in October — the eighth straight month of year-over-year increases,' said ATTOM CEO Rob Barber. *** Today's homeowners have safer...

Harrowing video footage shows the moment a Russian helicopter smashed into a pier and bashed its tail off — with the pilot then bizarrely choosing to fly out to sea before losing control and crashing. Five senior members of a Russian defense manufacturer were killed in the crash. The dramatic clip reveals a badly botched landing in Russia’s Republic of Dagestan region on Nov. 7 After clipping off its tail, the helicopter then drifts along the Caspian Sea — possibly searching for somewhere else to land. Separate CCTV footage reportedly shows the Ka-226 utility copper smashing into a residential building...

A driver screaming 'Allahu Akbar' has ploughed into a crowd of pedestrians on a French holiday island, leaving at least ten people injured. The car veered towards walkers and cyclists at about 8.45am today as the 35-year-old attacker attempted to hit 'everyone he encountered' on the island of Oléron off the West coast of France, officials say. After the ramming, he tried to set fire to his vehicle. which contained gas canisters, before he was tasered by police and arrested.

- Forecaster Gary Shilling warned of a heady stock market and a looming recession. - The veteran economist said the S&P 500 could sink 30% but he doesn't expect an economic catastrophe. - Shilling brushed off concerns about the dollar, saying no other currency can replace it. Renowned forecaster Gary Shilling, who predicted the US housing market's collapse in 2008, has told Business Insider that stocks could crash 30% amid "extreme speculation" in financial markets

Brodie Kostecki walked away from a heavy crash that brought an early end to Saturday’s qualifying session at the Boost Mobile Gold Coast 500. The Dick Johnson Racing driver made head-on contact with the wall at the exit of the first chicane with just seconds remaining in Q2. That was the result of an already damaged front splitter folding under the front wheels midway through the complex. Kostecki’s impact with the tyre wall moved the concrete barriers behind it, sending photographers scattering. Four bystanders were reportedly hurt in the incident and are being transferred to hospital. Kostecki was uninjured in...

Four family members of Illinois gubernatorial hopeful Darren Bailey were killed in a helicopter crash in Montana on Wednesday, according to reports. Bailey’s son, Zachary, his son’s wife Kelsey, and two of their children —Vada Rose, 12, and Samuel, 7 — perished when the helicopter went down. The Bailey campaign released the following statement on Thursday morning: On Wednesday evening, Darren and his wife, Cindy, received the heartbreaking news no parent ever wants to hear. Their son, Zachary, his wife, Kelsey, and their two young children, Vada Rose, age 12, and Samuel, age 7, tragically lost their lives in a...

November 218 Victor Bravo, a Sirrus SR22 0:11 Turbo crashed around 3 p.m. Eastern near 0:14 Franklin, North Carolina, fatally 0:17 injuring all three occupants. From ADSB 0:21 tracking, we can see that 8 Victor Bravo 0:23 is in route from Nashville to Mon County 0:26 Airport. Let's bring in Mark Wadell now. 0:29 Dean of Aviation Safety with the 0:31 details. Mark, 0:33 thank you. Chuck, I'm going to be 0:36 talking about what we've learned so far 0:38 concerning a fatal accident in Cirrus 0:40 SR22T 0:42 November 218 Victor Bravo. It occurred 0:45 at Mon County Airport...

Four U.S. Army special operations soldiers who were aboard an MH-60 Black Hawk helicopter that crashed likely are dead, Army officials announced on Friday.

A worshipper who knew terror truck driver Sayfullo Saipov and attended the same mosque says he 'totally gets what he did'. Abu Mohammad, who stopped to talk to DailyMail.com after leaving afternoon prayer service at the Omar Mosque in Paterson, New Jersey, on Wednesday, said he last saw the suspect at the mosque about two months ago and first set eyes on him there two years back. 'I didn't know him by name, but I would see him there every two to three months,' the 46-year-old Pakistani national, said. A cement mixer by trade and living in the U.S. now...

The illegal migrant truck driver who allegedly killed three people after making a rogue U-turn on a Florida highway was handed work papers under the Biden administration after they were denied during President Trump’s first term, the Department of Homeland Security said Monday. Harjinder Singh crossed the southern border into California in September 2018 and was processed for fast-track deportation by the first Trump administration, sources told The Post. The Indian national was previously processed for deportation, but was able to stay after claiming he feared being sent back home. Singh was later released on a $5,000 immigration bond in...

A Louisiana man was arrested after allegedly hijacking a construction crane and blocking traffic on an interstate — triggering a series of car crashes that left two people injured and led to a prolonged road closure, according to authorities. Matthew Vincent, 37, of Vinton, was taken into custody Saturday after police received multiple reports of cars crashing into a work zone around 5:30 a.m. on Interstate 10 near Louisiana Highway 108, Louisiana State Police said in a news release. When cops arrived, they found the crane sitting in the median with its cables hanging over the westbound lanes. The cables...

Last week, I wrote about what I believe is one of the most significant developments in Bitcoin’s history — and possibly one of the most underappreciated risks in modern finance. The Trump administration has now formally approved a framework that allows Bitcoin to be offered as an investment option in select 401(k) retirement plans, while at the same time stablecoins are making up an increasingly larger bid for U.S. Treasuries, both of which are weaving crypto the furthest it’s ever been to the U.S. economy. That’s not just “more adoption.” It’s the infiltration of Bitcoin into the cornerstone of American...

First responders from multiple agencies responded Thursday to the Mississippi River near Alton, Illinois, after a helicopter crashed on a barge.

Evidence outlined in a Pentagon contractor report suggests that financial subversion carried out by unknown parties, such as terrorists or hostile nations, contributed to the 2008 economic crash by covertly using vulnerabilities in the U.S. financial system. The unclassified 2009 report “Economic Warfare: Risks and Responses” by financial analyst Kevin D. Freeman, a copy of which was obtained by The Washington Times, states that “a three-phased attack was planned and is in the process against the United States economy.” While economic analysts and a final report from the federal government's Financial Crisis Inquiry Commission blame the crash on such economic...

Aug. 2 (UPI) -- Thousands of frozen hot dogs spilled across Interstate-83 in Pennsylvania, closing the busy highway in both directions after a multi-vehicle collision. State police and four separate fire departments responded to the crash this week at an exit in Shrewsbury, Pa., the Shrewsbury Volunteer Fire Company confirmed on Facebook.

The goggles were discussed Friday at the NTSB's third and final day of public testimony over the fatal midair crash, which killed 67 people.The pilots of a U.S. Army helicopter that collided with a passenger jet over Washington in January would've had difficulty spotting the plane while wearing night vision goggles, experts told the National Transportation Safety Board on Friday. The Army goggles would have made it difficult to see the plane's colored lights, which might have helped the Black Hawk determine the plane's direction. The goggles also limited the pilots' peripheral vision as they flew near Ronald Reagan Washington...

A Miami jury decided that Elon Musk’s car company Tesla was partly responsible for a deadly crash in Florida involving its Autopilot driver assist technology and must pay the victims more than $200 million in punitive damages. The federal jury held that Tesla bore significant responsibility because its technology failed and that not all the blame can be put on a reckless driver, even one who admitted he was distracted by his cell phone before hitting a young couple out gazing at the stars. The decision comes as Musk seeks to convince Americans his cars are safe enough to drive...