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News & Articles By Arsenio Toledo
08/01/2022
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By Arsenio Toledo
China deploys tanks to prevent people from withdrawing savings from troubled banks
The Chinese Communist Party (CCP) has ordered the deployment of tanks in the central province of Henan to prevent people from withdrawing their money from the Bank of China, which wants to turn the savings of depositors into “investment products.” Henan’s Bank of China branches collaborated with the CCP to prevent depositors from withdrawing their savings […]
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 […]
07/28/2022
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By Arsenio Toledo
Joe Biden has presided over more inflation in his 18 months in office than any other elected president in history
President Joe Biden has officially presided over more inflation than any other elected American president since 1948, when the Bureau of Labor Statistics began keeping track of annual inflation rates. The latest report from the bureau shows that annual inflation in June was sitting at 9.1 percent, another 40-year high. The average inflation for Biden’s first […]
07/27/2022
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By Arsenio Toledo
Ukraine has sold $12 billion of its gold reserves since start of Russian invasion
The central bank of Ukraine has sold over $12 billion of its gold reserves since the start of the Russian invasion. This is according to the deputy head of the National Bank of Ukraine, who confirmed on July 17 that the bank has sold $12.4 billion of its gold reserves since late February. “We are […]
07/27/2022
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By Arsenio Toledo
Record number of Americans having difficulties covering household expenses as inflation crisis continues
The Census Bureau has found that more Americans are now having difficulties paying their bills than during the Wuhan coronavirus (COVID-19) pandemic lockdowns in 2020. The bureau conducted a poll in late June and early July asking whether adults in households have had difficulty paying for usual household expenses in the last seven days. According to the data, […]
07/26/2022
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By Arsenio Toledo
California regulator to investigate crypto companies for not disclosing risks of crypto lending activities
The California Department of Financial Protection and Innovation (DFPI) has warned consumers to “exercise extreme caution” when dealing with interest-bearing cryptocurrency accounts as it begins an investigation into whether big players in this part of the crypto industry have broken the law. Without naming which companies, the DFPI stated that multiple businesses engaged in providing interest-bearing […]
07/26/2022
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By Arsenio Toledo
Desperate crypto investors scramble, beg to withdraw their money
Regular Americans who invested and stored their assets in crypto banks are now reeling and fighting tooth and nail just to get all of their assets back. Big-name cryptocurrency lending companies like Celsius Network and Voyager Digital also offered bank-like accounts that pay interest rates far higher than traditional lenders. These companies even marketed themselves […]
07/25/2022
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By Arsenio Toledo
US unemployment claims rise to highest level in eight months
The number of Americans that have applied to receive unemployment benefits has jumped for the third week in a row. According to the Department of Labor, this latest jump in jobless claims is the highest in eight months. For the week ending on July 16, initial unemployment claims increased by 7,000 to 251,000. Economists surveyed by Reuters only expected […]
07/24/2022
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By Arsenio Toledo
Founder of fraudulent crypto CONVICTED for stealing over $6 million from investors
Randall Crater, the creator of purported cryptocurrency My Big Coin, has been convicted for stealing over $6 million from investors by falsely claiming that this new crypto asset was backed by commodities. The Department of Justice said Crater, 51, offered virtual payment services through his fraudulent digital currency. (Related: “Cryptoqueen” becomes first crypto criminal on FBI’s top 10 most […]
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