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News & Articles By Arsenio Toledo
06/01/2023
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By Arsenio Toledo
GREEDFLATION: McDonald’s, PepsiCo raising prices beyond inflation to generate bigger profits
Food giants McDonald’s and PepsiCo continue to greedily raise prices, forcing many consumers looking for price breaks to keep waiting for the day when food prices normalize. These price increases are ongoing. Many companies do not plan to change course and will continue increasing prices or keeping them at elevated levels even as some executives are […]
06/01/2023
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By Arsenio Toledo
SHRINKING BIRD: Twitter now worth just one-third of what Elon Musk paid to purchase it
Twitter is now valued at just about one-third of what owner Elon Musk paid for it last year, according to a financial services company. Billionaire and tech giant Musk took over the social media platform in October 2022 by paying a whopping $44 billion for the company, including $33.5 billion paid in equity. Now, Boston-based financial services […]
05/30/2023
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By Arsenio Toledo
Largest insurance company in California no longer writing new home policies due to high risk of catastrophic events
State Farm, the largest home insurance company in the United States, has announced that it will no longer accept new home insurance policy applications in California, claiming that the risk of wildfires and the cost of rebuilding was too high. Effective May 27, State Farm General Insurance Company no longer accepts new applications, including to […]
05/28/2023
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By Arsenio Toledo
Home sales in China PLUMMET drastically, putting world’s largest real estate market on the brink of COLLAPSE
The real estate market of China, the largest in the world, is on the brink of collapse as enthusiasm from Chinese home buyers plummets drastically. China’s real estate market was already in a state of decline in early 2023, but it experienced a short-lived rebound as the Chinese Communist Party ordered local government units to […]
05/25/2023
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By Arsenio Toledo
Copper-gold price ratio indicates unhealthy economy, raising possibility of RECESSION
More signs of a coming recession are appearing in the precious metals market as the copper-gold price ratio indicates that the United States has a very unhealthy economy. The copper-gold ratio is regularly used as a financial indicator by institutional asset managers to gauge the overall health of the economy, investor sentiment regarding the market and […]
05/25/2023
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By Arsenio Toledo
Corporate America experiencing BANKRUPTCY BOOM as recession looms
Corporate bankruptcies are once again increasing after a two-year lull as pressures on the American economy continue to eat into the profit margins of large, medium and small businesses alike. The increase in bankruptcy reports is most visible among some of the country’s largest corporations, 236 of which filed for bankruptcy in the first four […]
05/18/2023
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By Arsenio Toledo
Target on pace to lose $1.2 billion in profits over a two-year period due to organized retail crime (which is only getting worse)
Organized retail crime is expected to cost major retailer Target up to $500 million in lost profits this year due to inventory shrinkage, or theft of merchandise. Factoring in the approximately $750 million in profits Target lost last year from inventory shrinkage, the company is on pace to see $1.2 billion in profits go up in […]
05/18/2023
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By Arsenio Toledo
China quickly expanding use of yuan in global trade as it seeks to dethrone US dollar as world’s top currency
The Chinese government is taking the country’s currency – the yuan or renminbi – global in a bid to oust the United States dollar as the world’s foremost currency. Chinese President Xi Jinping’s government has been busy over the past year striking deals to expand the ways in which the yuan is used. Countries like […]
05/17/2023
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By Arsenio Toledo
US household debt soared to all-time high of $17.05 trillion in Q1 2023, thanks to the Fed’s relentless rate increases
Total American consumer debt hit an all-time high of more than $17 trillion in the first quarter of 2023, according to a report from the Federal Reserve Bank of New York. The total debt across all categories hit $17.05 trillion. This represents a $148 billion increase or 0.9 percent from the previous quarter and a […]
05/17/2023
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By Arsenio Toledo
Birds of the same feather: Vice Media files for bankruptcy and sells off assets to left-wing billionaire George Soros
Vice Media, the parent company of the left-wing mainstream online news outlet VICE News, has finally filed for bankruptcy after suffering years of financial difficulties. Its assets will be sold to a group of companies, including George Soros’ private investment firm. This comes nearly two weeks after reports came out that Vice was considering filing for […]
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