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News & Articles By Arsenio Toledo
01/03/2024
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By Arsenio Toledo
More people in the U.K. are shoplifting food and selling it on the black market
The United Kingdom’s ongoing cost of living crisis is fueling a surge in shoplifting – and many more Britons are selling the food they steal on the black market. This is according to official data coming from the British Retail Consortium, which showed that retail thefts cost British retailers over a billion pounds ($1.26 billion) […]
12/20/2023
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By Arsenio Toledo
Over $100M worth of gold sold by Costco as the precious metal surges in value
The Chief Financial Officer (CFO) of wholesale retailer Costco announced that the company has sold more than $100 million worth of gold during the quarter that ended on Sept. 30, as consumers flock to gold as a haven investment. “You’ve probably read about the fact that we’re selling one-ounce gold bars. We sold over $100 […]
12/12/2023
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By Arsenio Toledo
Ammo prices to skyrocket due to global gunpowder shortage caused by Russia-Ukraine and Israel-Palestine conflicts
One of the United States’ largest ammunition manufacturers is warning that the average price of ammo is about to skyrocket as ongoing conflicts are leading to increased buying and an anticipated global shortage of gunpowder. Vista Outdoor, a Minnesota-based designer and manufacturer of ammunition, sporting goods and outdoor recreational products, is also the parent company of […]
12/06/2023
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By Arsenio Toledo
Bitcoin price, which has risen by more than 150% since the beginning of the year, surges above $42,000
A weekend rally has made the price of bitcoin surge above $42,000 for the first time in 19 months, as frenzied speculation in the digital asset’s market continues to help the prices of cryptocurrencies climb by more than 150 percent this year. On Monday, Dec. 4, bitcoin rose by as much as 6.1 percent to […]
11/29/2023
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By Arsenio Toledo
Binance cryptocurrency exchange pleads guilty to violating U.S. anti-money laundering laws
Binance, the world’s largest cryptocurrency exchange, recently pleaded guilty to breaking American anti-money laundering laws. Binance submitted its plea before a federal court in Seattle, Washington on Nov. 21. As part of its guilty plea, the cryptocurrency company has agreed to pay a $50 million fine to the federal government – a fine that, interestingly enough, […]
11/29/2023
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By Arsenio Toledo
JPMorgan Chase to shut down nearly 160 bank branches across the U.S.
JPMorgan Chase, America’s largest bank, will have shut down 159 branches across the country by the end of 2023. For Chase Bank’s customers, these closures represent serious inconveniences, if not outright terrible disruptions to their lives. Services previously offered by human bank tellers and other banking professionals who used to staff these now-shuttered branches have now been […]
11/27/2023
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By Arsenio Toledo
Thanksgiving was more expensive under the Joe Biden administration thanks to “Bidenflation”
The staple foods included in every Thanksgiving meal are now more expensive as food inflation grips the nation, thanks to President Joe Biden’s economic policies. Some notable holiday favorites severely impacted by food inflation include russet potatoes, canned pumpkins and canned cranberries, whose prices are up 14 percent, 30 percent and 60 percent, respectively, compared to […]
11/16/2023
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By Arsenio Toledo
Congress passes ANOTHER stopgap spending bill, delaying long-term solution to budget crisis
The House of Representatives has passed another stopgap funding bill, once again delaying a long-term solution for the government budget and making the possibility of a government shutdown more likely. By a vote of 336 to 95, with 209 Democrats and 127 Republicans supporting it, the House passed another stopgap government funding bill. Ninety-three Republicans […]
11/15/2023
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By Arsenio Toledo
47 Nations combine forces to require automated tax authority monitoring of crypto trading data
Nearly 50 nations, including the U.S., have announced their intention to collaborate to enable the automatic exchange of information between cryptocurrency trading firms and tax agencies. In a press release, the British government said this new coalition of nations and other jurisdictions is partnering up with the Organization for Economic Cooperation and Development (OECD) to […]
11/14/2023
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By Arsenio Toledo
Bangladesh garment factory owners demand fashion retailers help shoulder costs amid economic slowdown and mandated wage hike
Owners of clothing factories in global fashion manufacturing hub Bangladesh are asking major clients to help them pay for a 56 percent government-mandated hike in wages for garment factory workers. The wage increase of 56 percent is the first notable wage increase for the industry’s workers in five years and raises wages to 12,500 Bangladeshi […]
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