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News & Articles By Sterling Ashworth
11/02/2026
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By Sterling Ashworth
New York City Private Sector Sheds 30,000 Jobs as Restaurant Pressure Mounts
New York City’s (NYC) private sector lost approximately 30,000 jobs in August and September, according to a report from City Comptroller Mark Levine [1]. Total private-sector losses over the past year reached roughly 32,000 [2]. September accounted for about 23,000 of the cuts, following 7,400 in August, according to the comptroller’s office [1]. Hospitality and […]
11/02/2026
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By Sterling Ashworth
Gold Falls to One-Year Low; Silver Tops $50 as Mining Shares Decline
Gold fell to its lowest level in a year on Oct. 30, and silver dropped below $50 an ounce for the first time in 11 months, according to market data, as rising oil prices hardened expectations for another Federal Reserve rate hike and a deepening selloff in technology shares forced investors to liquidate metal holdings […]
11/02/2026
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By Sterling Ashworth
U.S. Treasury Projects Higher Borrowing Needs Over Next Decade
The U.S. Treasury is projecting that federal borrowing needs will rise over the next decade, according to a fiscal outlook that places the trajectory of federal debt issuance and fiscal policy at the center of Washington’s agenda. Officials said the projections reflect expected spending commitments, current revenue levels, and the cost of servicing an expanding […]
10/30/2026
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By Sterling Ashworth
Aramco Floods Europe with Discounted Oil After Pipeline Crisis
Saudi Aramco is offering additional crude oil to European refiners for October and November loading, according to Bloomberg, which cited a person familiar with the matter [1][2]. The state-owned oil giant is making late-October spot cargoes available at a discount to its official selling price, with shipments loading from the Red Sea port of Yanbu […]
10/29/2026
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By Sterling Ashworth
Saudi Oil Exports Fight Back: East-West Pipeline Resumes Flows Amid War Risks and Shipping Disruptions
Energy Minister Prince Abdulaziz bin Salman has announced that Saudi Arabia’s East-West pipeline has moved 5.8 million barrels of crude as of Oct. 6 [1]. The figure marks a significant step in the kingdom’s effort to restore its Red Sea export corridor after a prolonged disruption. The pipeline carries crude across Saudi Arabia to the port of […]
10/29/2026
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By Sterling Ashworth
Poll Finds Half of Americans Skipping Meals as Grocery Prices Rise
Half of Americans reported skipping meals because of rising food prices, according to a survey conducted in August by financial firm Self Financial. The poll included around 1,000 respondents, the report stated. Federal data cited in the report show grocery prices rose 28% from September 2020 to September 2026. Over the same period, ground beef […]
10/29/2026
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By Sterling Ashworth
Data: 221 Small U.S. Trucking Companies File Bankruptcies This Year
Two hundred twenty one small trucking companies in the U.S. have filed for bankruptcy in 2026 alone, according to data compiled by Bloomberg [1]. The wave of failures has reached individual operators who spent decades building businesses. The bankruptcy tally reflects a contraction that has persisted across the freight sector, according to the Bloomberg-compiled figures. […]
10/29/2026
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By Sterling Ashworth
Europe Faces Early Winter Stress Test as Cold Snap Forecast Pushes Natural Gas Prices Toward 100 Euros per Megawatt-Hour
Benchmark Dutch TTF natural gas prices climbed above 97 euros per megawatt-hour on Monday, the first time at that level since the 2022 energy crisis, according to Bloomberg. The move came as meteorologists forecast temperatures across parts of continental Europe to fall 2 C to 3 C below normal starting this weekend, the report stated. […]
10/27/2026
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By Sterling Ashworth
Bitcoin Surges Toward $85,000 as SpaceX Earnings Ignite Fresh Crypto Rally
Bitcoin traded above $84,500 on Oct. 21, reaching $84,588 in New York morning trading before changing hands at $84,461, according to Bitcoin Magazine [8]. The cryptocurrency was up 2% over 24 hours and 3% over seven days, the report stated. The move coincided with SpaceX reporting third-quarter revenue of $14.6 billion, up 161% from the […]
10/26/2026
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By Sterling Ashworth
China Moves to Confiscate Nearly 62,000 Bitcoin Linked to $2.8 Billion Fraud Case
Authorities in China are set to seize almost 62,000 bitcoins worth around $5 billion in connection with one of the country’s largest fraud schemes [1]. According to Bitcoin Magazine, the assets to be seized were from Qian Zhimin of Tianjin Lantian Gerui Electronic Technology. Prosecutors accused Qian of recruiting co-conspirators to sell fake wealth management […]
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