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News & Articles By Sterling Ashworth
10/16/2026
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By Sterling Ashworth
Iran Conflict Raises Costs Across Banana Supply Chain, Threatening U.S. Prices
The war in Iran that began in February has pushed up fuel and fertilizer costs across the global banana supply chain, raising the prospect of higher retail prices for the most consumed fruit in the U.S., according to the New York Times and industry officials. Danny Dumas, the president of Del Monte North America, called […]
10/15/2026
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By Sterling Ashworth
Report: American Dream Lifetime Cost Reaches $5.3 Million as Wages Trail
The lifetime cost of achieving eight traditional American Dream milestones has risen to more than $5.3 million, according to an Investopedia analysis released in October 2026. [1] The total covers homeownership, two new cars, raising and educating two children, retirement, healthcare, yearly vacations, pets and a wedding. [1] Private-sector wages and salaries rose 3.1% in the […]
10/14/2026
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By Sterling Ashworth
UN Report Says Global Poverty Rises for First Time Since 2010, Affecting 1.2 Billion
The number of people living in acute multidimensional poverty has risen for the first time since the global Multidimensional Poverty Index was introduced in 2010, according to a report released Monday by the United Nations Development Program and the Oxford Poverty and Human Development Initiative at the University of Oxford [1]. According to UNDP, the […]
10/13/2026
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By Sterling Ashworth
U.S. Bankruptcy Filings Rise 11% in First Nine Months of 2026
Individuals made 444,252 filings from January to September, while businesses made 25,467 filings, up 7%, the ABI said [1]. “The continued increase in bankruptcy filings reflects the strain of higher borrowing costs, rising household expenses, growing consumer delinquencies, and a softer job market,” Michael Hunter, vice president of bankruptcy data provider Epiq AACER, said in […]
10/12/2026
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By Sterling Ashworth
Trump Says Russia Will Export Diesel, Lifts Sanctions
President Donald Trump announced Friday that Russia will supply diesel to U.S. and global markets, saying sanctions on Russian fuel exports have been temporarily lifted as prices surge amid overlapping conflicts in Ukraine and the Middle East. The president disclosed the arrangement in a post on Truth Social following what he described as a 90-minute […]
10/10/2026
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By Sterling Ashworth
Trump Pledge on Iran Strikes Fails to Soothe Oil Markets
President Donald Trump’s surprise pledge that the U.S. would not resume airstrikes against Iran before the midterm elections failed to reverse a sharp jump in oil prices Thursday, according to market data cited by NBC News. Oil markets largely ignored the pledge. After having risen as high as almost $106 per barrel, Brent crude oil […]
10/10/2026
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By Sterling Ashworth
AI Chip Stocks Fall After Report on OpenAI Revenue Shortfall
Micron Technology, Nvidia and other artificial-intelligence-related chip stocks declined Thursday, Oct. 8, after investors reacted to a report on OpenAI’s revenue, according to the Financial Times (FT). The report said OpenAI told investors its annualized revenue was near $50 billion in late September, about $20 billion below its earlier $70 billion projection. Annualized revenue is calculated […]
10/10/2026
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By Sterling Ashworth
Trump Considering Suspending Federal Gas Tax as States Lower Fuel Levies
On Oct. 6, President Donald Trump said that he is considering suspending the federal gas tax. Trump told reporters at the White House that his administration is weighing the option as fuel prices remain elevated weeks before the midterm elections. “We’re thinking about that,” Trump said when asked whether the federal gas tax should be […]
10/06/2026
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By Sterling Ashworth
Survey: Gen Z and Millennials Turn to AI, Gambling to Address “Crushing Debt”
A new survey released by National Debt Relief and Wakefield Research found that large shares of younger U.S. adults are turning to gambling and artificial intelligence (AI) to address financial strain, according to the report. The survey of 2,000 U.S. adults age 18 and older found that 65% of Gen Z and 49% of millennials […]
10/05/2026
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By Sterling Ashworth
Gasoline-Only Vehicles Fall Below Half of Global New Car Sales for First Time on Record Amid Fuel Price Shock
Gasoline-only vehicles fell below half of global new vehicle sales for the first time on record, according to Mobility Global data cited by Nikkei Asia. Between January and June, sales of gas-powered vehicles excluding hybrids fell 10% from a year earlier to 20.25 million cars, and their share of total global automotive sales dropped 3 […]
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