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News & Articles By Richard Brown
10/23/2023
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By Richard Brown
Oil prices could surge to $150 per barrel unless the U.S. increases exploration
Continental Resources Inc. (CLR), a petroleum firm led by billionaire Harold Hamm, has warned that oil prices could surge to $150 per barrel unless the U.S. government takes more action to promote exploration. CLR CEO Doug Lawler stated that oil production in the Permian Basin, much like other shale regions, may peak without increased exploration. […]
10/18/2023
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By Richard Brown
LinkedIn, which discriminates against conservatives, just fired around 700 employees
Microsoft subsidiary LinkedIn, notorious for its anti-conservative bias, has fired around 700 employees as part of workplace reduction efforts. According to a CNBC report, the layoffs sought to reshape LinkedIn’s organizational structure and optimize operations. The company’s engineering department bore the heaviest brunt of the layoffs, though it wasn’t the only division affected. The cuts […]
10/11/2023
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By Richard Brown
U.S. mortgage rate surges to highest level in over two decades
U.S. mortgage rate has surged to its highest level in over two decades, driven by the Federal Reserve’s efforts to raise interest rates. Bloomberg recently reported on this, citing a survey by the Mortgage Bankers Association. According to the trade association, the average 30-year fixed mortgage contract rate increased by 12 basis points during the reporting period, […]
10/09/2023
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By Richard Brown
HAZARDOUS AIRBAG: General Motors faces recall of 20 million vehicles
General Motors (GM) is facing the grim possibility of recalling approximately 20 million vehicles equipped with a potentially hazardous airbag component, according to the Wall Street Journal (WSJ). Government authorities have urged for these vehicles to be recalled to prevent further harm or fatalities. This development places GM among the companies most affected by the U.S. […]
10/09/2023
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By Richard Brown
Iraq to BAN cash withdrawals and transactions in U.S. dollars starting next year
The Iraqi government will ban all cash withdrawals and transactions in U.S. dollar starting Jan. 1, 2024. Mazen Ahmed, director-general of investment and remittances at the Central Bank of Iraq (CBI), said people who deposit dollars into banks before the end of 2023 will still be able to withdraw these funds in dollars next year. However, […]
10/03/2023
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By Richard Brown
Target partners with Homeland Security in bid to curb surge in retail theft
Amid the closure of several of its stores, Target has announced its partnership with the U.S. Department of Homeland Security to address the surge in theft. The retail giant has also committed to making substantial investments in cyber defense as it grapples with escalating criminal activity. In a statement issued to its customers, the popular […]
09/29/2023
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By Richard Brown
De-dollarization efforts continue: BRICS member nations reduce U.S. treasury holdings to boost local currency value
The United States dollar has reigned supreme as the world’s dominant currency for nearly eight decades. However, a coalition of emerging economies, weary of the Western world’s pervasive influence on global governance and finance, is determined to diminish its prominence. Several members of the BRICS economic alliance, including China, Brazil and India, have been divesting […]
09/27/2023
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By Richard Brown
Tyson Foods shuts down 4 facilities amid losses – another blow to the food supply
Tyson Foods Inc. is taking decisive measures to address the challenges posed by escalating costs and streamline its operations, including the closure of multiple chicken processing plants. Last month, the company announced the shutdown of four facilities – those in North Little Rock, Arkansas; Corydon, Indiana; Dexter, Missouri; and Noel, Missouri. These closures are part of […]
09/26/2023
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By Richard Brown
As Americans find Biden too old, Blackstone CEO sees surprise in 2024 elections
Nearly eight out of 10 Americans think President Biden is too old to serve another term, including 69 percent of Democrats. This is why Steve Schwarzman, a 76-year-old prominent Republican donor, believes that the 2024 elections might introduce a surprise element. “Apparently, the public is not that interested in really older people,” Schwarzman said in […]
09/14/2023
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By Richard Brown
Another one bites the dust: Major car dealership files for bankruptcy, fires all employees
Carlos Lopez traveled from Tampa to Orlando to purchase a car only to be told that Florida-based dealership chain Off Lease Only has closed down and filed for bankruptcy. “The salesman that I was meeting with called me and told me, ‘Hey, I have bad news. The company just went out of business. We’re all […]
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