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News & Articles By Arsenio Toledo
08/19/2022
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By Arsenio Toledo
Bill Gates heavily lobbied Joe Manchin to support the Inflation Reduction Act to further his own “green” agenda
Billionaire Bill Gates personally lobbied moderate Sen. Joe Manchin of West Virginia for months to support the Democratic Party’s new spending bill, which includes billions of dollars for tackling so-called climate change. According to the report published by Bloomberg, Gates said that he has been quietly lobbying Manchin and other senators for the past three years, even before […]
08/16/2022
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By Arsenio Toledo
Survey: 95% of Americans have been affected by the inflation crisis
A new survey conducted jointly by the Economist and YouGov found that nearly all Americans have been affected by the rapidly worsening inflation crisis. The survey was conducted between Aug. 7 to 9 on 1,500 adult U.S. citizens. It asked them: “How much have you felt the impact of this high inflation in your own life?” Thirty-nine percent of […]
08/12/2022
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By Arsenio Toledo
Walmart continues to lose customers as inflation forces Americans to turn to dollar stores
Many of Walmart’s former customers have yet to return to shopping at the retail chain as President Joe Biden’s inability to keep inflation under control makes even their discounted prices less appealing than shopping at dollar stores. According to an analysis conducted by Reuters, foot traffic at Walmart’s 3,573 supercenters in the United States and its […]
08/12/2022
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By Arsenio Toledo
Nearly 300 million ounces of physical silver have been drained from the market
Precious metals industry expert Andy Schectman warned that the silver market is being drained of its physical silver inventories, with around 285 million ounces (Moz) of silver disappearing in recent months. Schectman made this claim during an appearance on the show “Liberty and Finance.” Recent evidence reported by many silver and other precious metals companies supports […]
08/11/2022
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By Arsenio Toledo
Fed study: Ending pandemic-era government handouts led to massive increase in EMPLOYMENT
A study conducted by the Federal Reserve Bank of St. Louis in Missouri has found that states that ended their pandemic-era unemployment aid early saw “a substantial rise” in employment. The study used data from 46 states and Washington, D.C. It found that, in the three months following a state terminating its emergency unemployment benefits (EUB), […]
08/03/2022
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By Arsenio Toledo
Robinhood fires nearly a quarter of its employees as crypto collapse diminishes company earnings
Robinhood fired nearly a quarter of its employees a day before the company reported dismal quarterly earnings due to the collapse of cryptocurrency values. The financial services company’s easy-to-use platform made it notorious early last year when many young investors trading from home participated in the GameStop stock short squeeze. Robinhood’s platform has been used since […]
08/03/2022
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By Arsenio Toledo
More high-income Americans are shopping at discount stores due to unrelenting inflation
The inflation crisis gripping the United States has become so devastating that even Americans in higher income brackets are heading to discount stores to save on groceries. According to the Consumer Price Index of the Bureau of Labor Statistics (BLS), the index figures for June gauging how much eating at home costs has risen by 12.2 percent […]
08/02/2022
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By Arsenio Toledo
German government announces gas levy that could triple household heating bills
The German government is warning gas consumers to prepare for household heating bills to triple as it institutes a gas levy starting in October. According to a draft law publicized on Thursday, July 28, the government aims to spread out the cost of replacing the gas no longer coming in from Russia among all of the […]
07/31/2022
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By Arsenio Toledo
Initial unemployment claims remain high as recession fears affect labor market
Unemployment claims for the fourth week of July fell slightly, but remain higher than expected, indicating that employers remain hesitant to fill their vacancies due to fears of a recession. According to a report released by the Department of Labor, the seasonally adjusted initial unemployment claims for the week ending July 23 was 256,000. This is […]
07/29/2022
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By Arsenio Toledo
New vehicle retail sales for July expected to DROP by 10.8% year-over-year
The latest projections from automotive industry research and consulting firms show that new vehicle retail sales for the month of July are expected to crash by nearly 11 percent compared to the number of cars sold in the same month last year. The forecast was made jointly by J.D. Power and LMC Automotive, which both predict […]
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