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News & Articles By Arsenio Toledo
12/11/2024
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By Arsenio Toledo
Wendy’s announces closure of 140 restaurants nationwide
Wendy’s has announced the closure of 140 underperforming locations in the United States. This decision is part of a strategic effort to streamline operations, improve profitability and focus on high-growth areas. The 140 restaurant closures were identified through a comprehensive, data-driven review. These locations were described as outdated and underperforming, with financial results “well below […]
12/05/2024
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By Arsenio Toledo
TRADE WAR: China bans export of raw materials to U.S. for high-tech and military applications
The Ministry of Commerce of the People’s Republic of China (PRC) has announced a ban on exports to the United States of several raw materials that could be manufactured for high-tech and military applications. Among the raw materials that were banned were gallium, germanium and antimony. The Commerce Ministry announced the move after Washington, D.C. expanded […]
12/04/2024
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By Arsenio Toledo
Economists warn incoming Trump administration risks turning bullish stock market into a risky BUBBLE
Economists are warning that the incoming administration of President-elect Donald Trump could rattle the country’s economy and lead to stock markets changing course from their current bullish state. Most stock markets have been surging thanks to traders responding positively to Trump’s recent victory in the election and his impending inauguration on Jan. 20, 2025. The […]
11/17/2024
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By Arsenio Toledo
Trump taps Musk, Ramaswamy to lead Department of Government Efficiency that will focus on reducing government spending
President-elect Donald Trump has just appointed tech billionaire Elon Musk and entrepreneur Vivek Ramaswamy to lead a newly proposed Department of Government Efficiency (DOGE) in a bid to reduce government spending. Trump has indicated that Musk and Ramaswamy will operate outside the confines of the government because DOGE will not actually be a part of the Cabinet […]
11/14/2024
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By Arsenio Toledo
Bitcoin surges to just under $90,000 in value as second Trump term excites crypto markets
President-elect Donald Trump’s recent victory in the election has caused bitcoin to surge in value. In the days since the election, bitcoin nearly breached the $90,000 mark before stabilizing to around $86,000. Bitcoin has been rallying since Trump’s victory, with the token hitting $75,000 on election night when it was clear that the Republican was […]
09/12/2024
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By Arsenio Toledo
Housing market seeing decline in activity due to uncertainty associated with upcoming election
Potential home buyers in the United States are holding off on finalizing their purchases, with market analysts and industry experts equating this anxiety over the uncertainty associated with the election. It should be noted that fall is traditionally a slower time for home sales, as prospective new homeowners are wary of moving at a time […]
08/20/2024
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By Arsenio Toledo
Fitch downgrades Israel’s credit rating as investors worry about war in Gaza dragging on
American financial services and credit ratings agency Fitch has once again downgraded Israel’s credit rating, bringing the country down from “A-plus” to “A” on Aug. 12, citing increased geopolitical risks as the conflict in Gaza drags on and fears of Tel Aviv escalating tensions with Iran, Lebanon and Yemen increase. Fitch is keeping its outlook […]
06/13/2024
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By Arsenio Toledo
BIDENFLATION makes the cost of raising children in America prohibitively expensive
High inflation is making the cost of raising a child in the United States prohibitively expensive. According to online lending marketplace LendingTree the cost of child care in the U.S. has surged nearly 20 percent between 2016 and 2021. Annual expenses without taking into account tax exemptions or credits hit $21,681 in 2021, compared to just […]
06/07/2024
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By Arsenio Toledo
Turkey signals desire to join BRICS and abandon EU membership dreams
Turkey is interested in joining the BRICS group of emerging economies. BRICS is an acronym for Brazil, Russia, India, China and South Africa. This organization, which is believed to be on the road to dominating the global economy, recently announced its willingness to expand by inviting Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United […]
05/01/2024
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By Arsenio Toledo
Elon Musk shuts down Tesla’s profitable Supercharger team in latest round of layoffs
Elon Musk has shut down Tesla’s division that runs the Supercharger business in the latest round of layoffs that is expected to reduce the electric vehicle manufacturing giant’s workforce by more than 10 percent. The shutdown of the Supercharger division includes the dismissal of two senior executives and several hundred other staffers amid an ongoing […]
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