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News & Articles By Arsenio Toledo
11/23/2022
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By Arsenio Toledo
Jay Dyer: FTX scam no different from how Federal Reserve prints money and assigns it value
As cryptocurrency exchange FTX continues to collapse, Jay Dyer of “Jay’sAnalysis” podcast makes it clear that this is exactly how the Federal Reserve runs the economy of the United States. Serving as a guest host in an episode of “The Alex Jones Show” on InfoWars, Dyer compared how the FTX accumulated value and collapsed to how […]
11/22/2022
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By Arsenio Toledo
Eurozone inflation hits record high 10.7% as recession looms
The European Commission recently revealed that headline inflation in the Eurozone reached 10.7 percent, the highest year-over-year inflation reading since its founding over 23 years ago. The Eurozone is the economic and monetary union made up of the 19 member states of the European Union (EU) that have adopted the euro as their currency. The […]
11/22/2022
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By Arsenio Toledo
Used truck prices drop as trucking industry overcomes supply chain issues
The prices of used trucks are falling across almost all years and models as new truck manufacturers are starting to overcome supply chain disruptions. This comes from preliminary data on used-truck activity for October published by ACT Research. The researchers noted that sales involving used Class 8 trucks – trucks with a gross vehicle weight […]
11/22/2022
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By Arsenio Toledo
NFIB report: Small business owners struggling to find workers amid highest inflation rate since 1980s
A new report from the National Federation of Independent Business (NFIB) has shown that many businesses are struggling to find people to fill job vacancies despite the increasing number of unemployed Americans. This suggests that more and more people are trying to find more lucrative offers amid the highest inflation in America since the 1980s. Consumer prices went up by […]
11/17/2022
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By Arsenio Toledo
Fed data: Household debt just increased at fastest pace in 15 years
Households in the United States during the third quarter of this year increased their debts at the fastest pace since 2007. According to data released by the Federal Reserve Bank of New York, from July to the end of September, households added $351 billion in overall debt, bringing America’s total household debt up to $16.5 trillion. […]
11/17/2022
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By Arsenio Toledo
FedEx’s freight unit to begin furloughing employees next month due to reduced demand for delivery services
Transportation giant FedEx’s less-than-truckload delivery division, FedEx Freight, has announced that it will start furloughing an unannounced number of drivers starting early December due to the massive drop in demand for delivery services. According to FedEx, the furloughs for FedEx Freight, which employs approximately 47,000 people, are scheduled to last for around 90 days, during […]
11/16/2022
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By Arsenio Toledo
Crypto.com withdrawals SURGE after CEO admits “mishandling” $400M transaction
Thousands of clients of the cryptocurrency exchange platform Crypto.com pulled out their funds from the site over the weekend after the company’s chief executive admitted to “mishandling” a transaction involving roughly $400 million worth of crypto assets. Crypto.com CEO Kris Marszalek said on Twitter that the $400 million transfer was mistakenly sent to the wrong type […]
11/15/2022
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By Arsenio Toledo
US-EU price cap on Russian oil threatens India’s crude imports and economic growth
India is about to lose its access to Russian oil exports if the United States and its European allies push through with a plan to force Russia to only sell crude oil at a capped price while under sanctions. In 2021, India imported 214 million metric tons (235.9 million tons) of crude oil, making it […]
11/15/2022
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By Arsenio Toledo
30-year fixed mortgage rate surges above 7% as the Fed continues to raise interest rates
Mortgage rates have gone over seven percent once again as the real estate market reacts to the latest interest rate hike from the Federal Reserve, with both buyers and sellers withholding participation in the economy amid financial volatility. The national average interest rate on a 30-year fixed mortgage currently sits at 7.08 percent, up from […]
11/11/2022
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By Arsenio Toledo
Solana’s value cut in half following FTX liquidity crisis
The liquidity crisis affecting cryptocurrency exchange platform FTX has also impacted other major crypto players – including Solana and its token SOL. Earlier this month, FTX entered a downward spiral that saw the company’s fortunes crumble to almost nothing within the span of days. Binance, a rival crypto exchange, initially offered to buy the company. But less […]
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