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News & Articles By Belle Carter
08/11/2022
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By Belle Carter
Keith Weiner tells Dunagun Kaiser to opt out of failing banking system and invest in gold
Keith Weiner, founder and CEO of the investment firm Monetary Metals, highlighted the current risks of the banking system and advised “Liberty and Finance” host Dunagun Kaiser as well as the viewers to unlock the productivity of gold in finance. “We’re trying to provide a graceful transition as the dollar is failing. That should be […]
08/11/2022
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By Belle Carter
US Treasury group blacklists cryptocurrency mixer Tornado Cash over predictable “money laundering” claims
The Department of the Treasury‘s Office of Foreign Assets Control (OFAC), a U.S. government watchdog agency, sanctioned cryptocurrency mixer Tornado Cash on Monday, August 8. The OFAC said Americans could no longer use the app because it “launders the proceeds of cybercrimes.” “Despite public assurances otherwise, Tornado Cash has repeatedly failed to impose effective controls […]
08/09/2022
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By Belle Carter
NYDFS fines Robinhood’s crypto division $30M over anti-money laundering and cybersecurity-related issues
The New York State Department of Financial Services (NYDFS) has issued a $30 million fine on Robinhood’s crypto division over anti-money laundering and cybersecurity-related issues. Robinhood, a financial services company that facilitates commission-free trades of stocks, exchange-traded funds and cryptocurrencies via a mobile app, said last year that it will pay NYDFS a $30 million settlement […]
08/04/2022
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By Belle Carter
Ex-JPMorgan executive, two traders await court decision over spoofing charges related to gold and silver price manipulations
A former JPMorgan executive and two other traders are now awaiting the court’s decision on the gold and silver price manipulation charges against them. The jury is now deliberating on the most significant case impacting the precious metals market in history after its three-week trial, which commenced on July 8. The said lawsuit involves Michael Nowak, the former […]
07/29/2022
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By Belle Carter
Coinbase shares down 21% following reports that it is facing SEC probe
Coinbase shares has tumbled following reports that the crypto firm is facing Securities and Exchange Commission (SEC) probe. The SEC is set to investigate whether Coinbase has improperly allowed users to trade digital assets that have not been registered as securities. Subsequently, company shares closed down more than 21 percent on Tuesday, July 26. According to reports, the firm has […]
07/26/2022
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By Belle Carter
Report: Around 50% of older Americans CAN’T AFFORD necessary expenses
Inflation and the long-term impacts of the Wuhan coronavirus (COVID-19) pandemic have been straining, if not emptying, the purses of Americans. But an analysis found that elderly Americans were more susceptible to their budgets falling short. According to the University of Massachusetts Boston‘s (UMB) Elder Index, 54 percent of older women living alone are in […]
07/21/2022
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By Belle Carter
Canadian houses now selling at hefty discounts as real estate values plummet
Homes are starting to sell at discounted prices in Canada, a trend that used to be unthinkable just a few months ago for the thriving real estate market in the country. In various parts of the North American country, houses are being sold at almost a bargain price. An opulent five-bedroom house listed at $2.25 million ended […]
07/20/2022
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By Belle Carter
Wholesale prices jump 11.3% year-over-year in June – Bureau of Labor Statistics
Wholesale prices jumped by double digits year-over-year in June, yet another reminder that inflation is still hounding the U.S. economy with no indication of subsiding soon. The Bureau of Labor Statistics (BLS) reported last week that the producer price index (PPI), a measure of the average change over time in the selling prices received by domestic producers for […]
07/15/2022
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By Belle Carter
Fewer Americans are buying homes as worsening inflation takes toll
Fewer Americans are purchasing homes and the ones who are buying are acquiring more affordable homes as consumers are greatly affected by the worsening inflation. Mortgage demand fell last week compared with the previous week, and the average loan size shrank as well. According to the Mortgage Bankers Association’s (MBA) seasonally adjusted index, mortgage applications to buy […]
07/12/2022
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By Belle Carter
Food collapse: Bread will be emptied from shelves within days, warn Sri Lankan bakery owners
Sri Lanka’s All Ceylon Bakery Owners’ Association (ACBOA) warned Sunday, July 10, that bread will be emptied from the bakery shelves in the coming days amid severe food shortage in the country. According to the Daily Mirror, ACBOA President NK Jayawardena said bread production has been greatly impacted by the prevalent fuel crisis and the shortage and […]
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