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News & Articles By Arsenio Toledo
01/20/2023
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By Arsenio Toledo
Logistics company Ryder to fire 801 employees in Austin due to “customer’s changing needs”
American transportation and logistics giant Ryder System Inc, commonly known as Ryder, has announced that it will be laying off 801 employees after the company lost work at a factory in Austin, Texas. A total of 801 Ryder employees at the Applied Material site, a semiconductor plant in Austin, will lose their jobs. Applied Materials […]
01/19/2023
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By Arsenio Toledo
Bank of America experiences disruption in online transactions, customers report funds missing from accounts
Bank of America recently experienced significant disruptions in online transactions conducted via the payment service Zelle. Many customers reported delays and funds missing from their accounts, including funds from Zelle deposits and transactions. The website DownDetector, which monitors the online statuses of websites, noted that Bank of America started experiencing problems around 1:40 a.m. on […]
01/18/2023
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By Arsenio Toledo
Aluminum price forecasts surge due to higher demand in Europe and China
Goldman Sachs has raised its price forecasts for aluminum in reaction to higher demand for the metal in Europe and China. But the Wall Street finance giant also warned that this increased demand could lead to supply shortages. In the London market, aluminum is expected to average $3,125 a ton this year, according to Goldman […]
01/17/2023
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By Arsenio Toledo
FTC proposes banning employers from forcing workers to sign non-compete agreements
The Federal Trade Commission (FTC) proposed a rule on Thursday, Jan. 12, that would block employers from forcing employees to sign non-compete agreements. Non-compete agreements are clauses in employment contracts that prevent workers from working for a competitor or starting a business in the same industry for a certain period of time after leaving a job. The […]
01/13/2023
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By Arsenio Toledo
Survey: Nearly 65% of Poles not in favor of adopting the euro
A survey has found that nearly 65 percent of people in Poland are not in favor of adopting the euro as the country’s currency. This survey was conducted by the Institute of Economic and Social Research for Polish radio station Radio ZET. It found that only 24.5 percent of Poles support the idea of replacing the country’s currency, […]
01/11/2023
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By Arsenio Toledo
Natural gas prices in Southern California SURGED 128% since December
Natural gas prices in Southern California have risen by 128 percent from December to January, natural gas supplier SoCalGas announced. SoCalGas’s announcement was published right before the New Year to warn customers in Southern California, including the Los Angeles metro area, that the surge in prices will go into effect on Jan. 1. (Related: Operators say […]
01/11/2023
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By Arsenio Toledo
Cameron Winklevoss calls for Digital Currency Group CEO Barry Silbert to be removed, citing alleged lies about finances
Cameron Winklevoss, the co-founder of the cryptocurrency exchange Gemini, has penned an open letter calling for the removal of Barry Silbert as the CEO of the Digital Currency Group. The Digital Currency Group, or DCG, is a Stamford, Connecticut-based conglomerate that is the parent company of several high-profile cryptocurrency firms, including digital currency-focused news site CoinDesk […]
01/11/2023
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By Arsenio Toledo
Coinbase announces second mass layoff – 20% of workers to lose jobs
Coinbase is once again slashing its workforce in response to the ongoing downturn in the cryptocurrency industry. The publicly traded cryptocurrency exchange announced that it is planning to reduce its headcount by around 950 employees as part of the company’s restructuring effort that it expects to be completed by the end of the second quarter of […]
01/10/2023
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By Arsenio Toledo
Supreme Court to hear two challenges against Biden’s student loan debt forgiveness plan
The Supreme Court has agreed to hear two challenges against President Joe Biden’s student loan relief program. Oral arguments are set to begin in February. Furthermore, the court has also agreed to keep in place a nationwide injunction set by a lower court of appeals preventing the student loan forgiveness program from taking effect for now. […]
01/10/2023
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By Arsenio Toledo
HYPOCRISY: Federal Reserve warns banks against using crypto while planning to develop its own digital currency
The Federal Reserve along with other federal agencies have issued a joint statement warning banks against using cryptocurrencies just as the Fed is deliberating over possibly issuing a central bank digital currency (CBDC) in the United States. The Fed was joined in its statement by the Federal Deposit Insurance Corporation (FDIC) and the Office of […]
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