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News & Articles By Arsenio Toledo
03/25/2024
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By Arsenio Toledo
Texas public schools fund pulls out $8.5 billion from BlackRock over ESG investing
A school fund in Texas has pulled $8.5 billion of state money from BlackRock over accusations that the investment firm’s alleged boycott of fossil fuel energy producers harms Texas’ industries. The move was conducted by the Texas Permanent School Fund (Texas PSF), a sovereign wealth fund and pension fund established in the 19th century to support the […]
02/22/2024
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By Arsenio Toledo
World’s largest asset manager BlackRock exits globalist climate investment group
BlackRock, the world’s largest asset manager, joined JPMorgan Chase in pulling out from the climate change investment group Climate Action 100+ that pushes companies around the world to rein in emissions. Climate Action 100+ (CA100+) is a global coalition of investors who have pledged “to ensure the world’s largest corporate greenhouse gas emitters take necessary action on […]
02/15/2024
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By Arsenio Toledo
Credit card and auto debt DELINQUENCIES are SOARING, especially among younger Americans
New data from the Federal Reserve Bank of New York has found that credit card and auto debt delinquencies in the United States are soaring, especially among Americans aged 18 to 39. The Household Credit Report from the New York Fed’s Center for Microeconomic Data found that aggregate household debt balances rose by $212 billion, […]
02/14/2024
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By Arsenio Toledo
Crisis in American banking sends jitters across Europe’s banking sector, increasing risk of BANK DEFAULTS
Europe’s banking sector is concerned as financial instability in the United States is increasing the risk of banks defaulting in the continent. Back in late November 2023, the European Central Bank warned that the balance sheets of banks in the eurozone – the currency union of 20 European Union states who all use the euro […]
02/01/2024
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By Arsenio Toledo
BIDENOMICS: UPS cuts 12,000 jobs due to decreased shipping volume, tense union negotiations
UPS is cutting 12,000 jobs as shipping volume – and thus, company revenue – both internationally and domestically dropped in its fourth-quarter earnings report. The company said the mass layoff is part of a broader effort to “align resources” in 2024. This effort includes mandating staff work from offices, five days a week starting on March […]
01/24/2024
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By Arsenio Toledo
Gold research firm explains Bitcoin’s intrinsic value: It cannot be easily confiscated by government
Prominent gold market-focused research firm GoldFix explained in a recent report the intrinsic value of Bitcoin that is similar to gold’s: “It cannot be confiscated.” This comes even as Bitcoin’s value falls by 15 percent over the past two weeks. GoldFix’s report stated that people like Bank of England Gov. Andrew Bailey are wrong in saying […]
01/24/2024
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By Arsenio Toledo
Chinese stock market loses BILLIONS in days following crash of snowball derivatives
Stock markets in Hong Kong and mainland China are experiencing a massive avalanche, leading to losses on billions of dollars worth of derivatives linked to the communist nation’s equity indexes, known as snowball derivatives or simply snowballs. Snowballs – named because of the potential “snowballing” accumulating gains for investors who hold them – are structured […]
01/16/2024
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By Arsenio Toledo
Electric car sales growth slows by nearly 50% in 2023
Global sales of fully electric and plug-in hybrid vehicles slowed down by nearly 50 percent in 2023 compared to sales figures from 2022. In the United States, sales could have dropped lower if not for taxpayer-funded government incentives artificially boosting sales. This is according to the EV and battery market analysis firm Rho Motion, which […]
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 […]
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