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News & Articles By Arsenio Toledo
01/10/2023
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By Arsenio Toledo
MORE METAL: China’s public gold holdings now over 2000 tons after another huge purchase in December
The central bank of China has acquired another 30 tons of gold in December, bringing the communist nation’s total public gold holdings to 2,010 tons. Data uploaded onto the central bank’s website on Saturday, Jan. 7, showed that the People’s Bank of China (PBoC) has raised its holdings for the said month. This follows the announced […]
01/07/2023
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By Arsenio Toledo
Samsung Q4 2022 profits DROP 69% due to slowing global economy and plummeting demand for semiconductors
Global electronics manufacturing giant Samsung’s operating profits dropped by 69 percent in the fourth quarter of 2022. The downturn reduced Samsung’s operating profit to $3.4 billion in the quarter that ended in Dec. 2022. The company has cited the diminished demand for electronics products and semiconductors resulting from the slowing global economy as the main […]
01/06/2023
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By Arsenio Toledo
Only 20% of rail services are running normally in the UK as rail strikes cause widespread disruptions
Rail workers in the United Kingdom started the new year with a weeklong strike that began on Tuesday, Jan. 3, with union bosses warning of more industrial actions to come if negotiations don’t bear any fruits. These rail strikes have been ongoing for months across the U.K. as soaring inflation and stagnant wage growth have […]
01/06/2023
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By Arsenio Toledo
IMF trying to bribe Egypt away from BRICS with new loans
The International Monetary Fund (IMF) has approved a more than $3 billion loan allegedly to support Egypt’s ailing economy. But many experts note that the timing of this massive bailout is suspect because of Egypt’s recent moves to join the China- and Russia-aligned BRICS economic union. In the past year, Egypt has been hit exceptionally hard […]
12/22/2022
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By Arsenio Toledo
Gregory Mannarino: Central banks are about to issue even more debt to make society more dependent on them
Finance and central bank expert Gregory Mannarino has warned that the world’s central banks are about to issue more debt, putting larger chunks of society under their control. “Central banks are not ready yet to pull the plug,” said Mannarino. “There is not enough people yet fully 100 percent dependent on their system.” These central […]
12/22/2022
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By Arsenio Toledo
Amazon becomes first company ever to lose $1 trillion in market value
Amazon just lost $1 trillion in market cap value, the largest loss in market value ever recorded by any publicly traded company. In July 2021, the company had a market value of a near-record breaking close of $1.88 trillion. But the tech giant’s shares dropped 4.3 percent in value in November, lowering the company’s market […]
12/21/2022
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By Arsenio Toledo
Bankrupt meat importer owes millions to at least 99 creditors in transportation and logistics
South American Beef, Inc., a frozen meats importer based out of West Des Moines, Iowa, has filed a petition with the Southern District Court of Iowa to receive Chapter 11 bankruptcy protections. The company was founded in 1999 and sold products under vendor brands as well as its own Prairie Natural brand. Its specialty is […]
12/20/2022
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By Arsenio Toledo
Investors are leaving the cryptocurrency industry en masse as collapse continues
More investors are leaving the cryptocurrency industry as the values of crypto assets continue their freefall. Cryptocurrency fund asset managers saw their investors withdraw $20 billion worth of assets from the crypto industry in November. This accounts for nearly 15 percent of total crypto assets under management (AUM), bringing the collective AUM of crypto fund […]
12/16/2022
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By Arsenio Toledo
Federal Reserve once again raises interest rates, Fed chair warns of more rate hikes next year
Federal Reserve Chair Jerome Powell warned that the central bank will continue raising interest rates next year just as it raised its benchmark interest rate to the highest level in 15 years. Powell claimed that if the Fed does not continue raising interest rates in 2023, Americans will have to pay a higher cost as […]
12/15/2022
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By Arsenio Toledo
Gallup poll shows most Americans believe the government is the nation’s top problem in 2022
A new Gallup poll shows that Americans have listed the United States government as the nation’s main problem for the seventh time in the past 10 years. The poll, published by Gallup on Tuesday, Dec. 13, was conducted from Nov. 9 to Dec. 2 consisting of 1,020 American adult respondents. The results found that 19 […]
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