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News & Articles By Belle Carter
01/06/2023
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By Belle Carter
Gold prices soar to 6-month high, widely expected to go higher in coming months
Prices of gold soared to a six-month high in the early hours of Tuesday, Jan. 3, according to trading data. CNBC reported that the precious metal’s cost peaked just below $1,850 per troy ounce before easing off to trade around $1,838. U.S. gold futures were up one percent at $1,844.10. Analysts believe the rally will continue throughout the year. The news portal also cited […]
01/05/2023
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By Belle Carter
China’s factory activity suffers biggest decline in nearly 3 years after easing COVID-19 restrictions
With the Wuhan coronavirus (COVID-19) sweeping across China’s production lines, factory activity in the country shrank for the third straight month in December. The drop has been the biggest since the early days of the COVID-19 pandemic in February 2020. The factory purchasing managers’ index (PMI) fell to 47.0 from 48.0 in November, according to China’s National Bureau […]
01/04/2023
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By Belle Carter
Putin bans export of Russian oil to US and other nations that implemented a price cap
Russian President Vladimir Putin recently signed a decree to temporarily ban the export of oil products to the United States and other nations that implement a price cap. The ban will take effect from February 1 to July 1. “Deliveries of Russian oil and oil products to foreign entities and individuals are banned, on the condition that in […]
12/29/2022
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By Belle Carter
Economists: Over $31 trillion national debt could lead to slow-moving economic demise
The Department of the Treasury announced in October that the national debt blew past $31 trillion. Analysts say this is due to years of fiscal splurging and heightened by the Wuhan coronavirus (COVID-19) pandemic. Some economists are worried that it could lead to a slow-moving economic demise. (Related: US national debt hits $31 TRILLION for the first time.) […]
12/26/2022
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By Belle Carter
Housing collapse: Home sales drop for a record 10th straight month
The National Association of Realtors (NAR) reported on December 21 that existing-home sales fell for the 10th straight month in November as the Federal Reserve keeps raising interest rates. The report included the sales of previously owned homes, indicating a decline of 7.7 percent in November from the previous month to a seasonally adjusted annual rate […]
12/22/2022
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By Belle Carter
Comex: Silver is being drained from the vaults since the start of 2022
The current trends from Comex, the global derivatives market that allows trading in futures contracts of gold and silver, show that silver is being drained from the vaults since the start of the year. New York-based precious metals dealer SchiffGold wrote on its website that the drainage since the start of the year has been […]
12/19/2022
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By Belle Carter
Used car prices drop 14.2% due to influx of new cars, higher borrowing costs
User car prices this year are down 14.2 percent compared to 2021, according to the Used Vehicle Value Index by the car auction company Manheim. This is the largest used car price dive ever based on the firm’s data. According to auto service organization Cox Automotive, the continued hike in borrowing rates and the influx […]
12/07/2022
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By Belle Carter
Amazon to fire 20,000 employees – the largest staff reduction in company’s history
People with knowledge of the matter have confirmed that multinational e-commerce and tech giant Amazon will be laying off 20,000 of its employees, including top managers, data scientists, software engineers and other corporate workers. This represents the largest staff reduction in the company’s history. The latest update from sources, who requested anonymity because they were […]
12/06/2022
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By Belle Carter
Corporate America fires 13% of workforce, creates fewer jobs amid recession fears
Giant companies in the U.S. resorted to mass layoffs in preparation for an eventual economic recession. Moreover, they were also slow to hire and create jobs over the past few months. In October alone, 13 percent of employees were laid off – the highest jump since February 2021. Job creation and hiring also slowed down […]
11/30/2022
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By Belle Carter
Companies no longer require college degree for some higher-paying jobs, preferring more extensive work experience instead
Some major players in the industry are taking out the college degree requirement for many high-paying jobs amid the tightening of the labor market. The Wall Street Journal reported that Alphabet Inc.’s Google, Delta Air Lines Inc. and International Business Machines (IBM) Corp. have lowered the educational attainment required for some positions. The big companies leaned toward hiring […]
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